The evening light. [volume] (San Antonio, Tex.) 1881-1883, 1883-01-16
BEAUTIFULLY SOLD.
The NickeI-Plate Sale---vanderbilt Com
pletely Sold---Wall Street Laughing.

The Opinion Expressed Concerning Van
derbilt's Purchase.
NEW YoRR, January Io.-All Wall street
is laughing over the Morning Journals arti-
Gle exposing the inside history of the Nickel
Plate sale TO Mr.. Vanderbilt for $4,000 DOC
more than the market price of the road. A
Journal reporter had an interview with Mr..
Jay Gould to get his side of the case. Mr..
Gould was still suffering from a severe cold
and the reporter was referred to Mr.. w. E.
Connor as Mr.. Gould's representative in the
case. Mr.. Conner said: "My business re-
lationship in that matter precludes me from
committing myself on the facts in the case.
OF course, as Mr.. Gould's partner, know
what was done as far as we were concerned,
but would prefer not to say anything public
" about that sale to Mr.. Vanderbilt"
at is positively stated that Mr.. Wander
bilt paid $3,ooo,ooo more for the property
than it was in the market for" said the
Journal.
"That is the report in financial circles, 7"
said Mr.. Connor. ''The street has been full
of rumors about the sale of the stock at a
very handsome profit on the part of the Seney
syndicate"
"One dispatch from Cleveland states that
Mr. Seney and the Metropolitan Bank had
loaned the company $2,23o, 900, which loan
was due December 1. 1t is stated also that
Mr. Gould had refused the control of the
road offered to him at So, ooo, 900; that Mr..
Vanderbilt subsequently bought $4,000
shares of the common stock atty and 100, 900
shares of the preferred at 81, paying in the
neighborhood of SIS, ooo, 900 for the control, !"
said the Journal.
"Yes, saw that statement in the Journal.
All have to say in the matter is that you are
on the right track perhaps" He added, laugh
ingly, 'You can get further information at the
Windsor Any disinterested party there can
tell you more than can about it.''
CAMMACK,
at the Windsor hotel, said: "You want to
know about the sale oft he Nickel Plate road,
do you Well, you have come to the wrong
man" said Mr.. Cammack, with smile. 81
am going to be as dumb as an oyster when the
press men call on me again. You know
don't like to be interviewed"
Cant you give point on the Nickel Plate
transaction ?''
'.Not point" said the bly, bear. 81 don't
know single fact. have heard all kinds of
rumors about the sale, but outside of the
papers / am not posted. 1t is a very poor
time to buy railroads at any price, in my
opinion, and that is all can say" he added
with grin.
Mr.. sENEY,
the leading manager of the syndicate, was
called on by a reporter, at his residence in
Brooklyn. This gentleman when requested
for his view of the case returned the answer
through his son that he desired to be excused.
He said: 81 have been so prosecuted by
the newspaper men to-day, since the pubica-
ton OF the Morning Journal article, that can
not possibly say anything"
A well-known Wall street operator was sub
sequently found at the Fifth Avenue hotel.
When asked for his opinion on the Nickel
Plate sale he said: "The fact is your Cleve-
land dispatch hit the nail square on the head,
and every word of it was true. The road was
in bad way and on the point Of being fore
closed on notes held by Mr.. Seney and the
Metropolitan bank. The company refused 70
put up more capital, and there yet remained
an expenditure of nearly So, 900, 900 on equip
ment account before it could be put in running
order"
Mr.. KEENE
thought that Vanderbilt could afford to pay for
it and not hurt his pile.
Mr.. II. n Smith said he wouldn't trade his
horses for the Nickel Plate shortage, and John
d. Prince thought a man must be crazy to
want railroads now. The opinion was freely
expressed that Mr.. Vanderbilt has bought a
''pig in poke" and that he ought to have a
guardian appointed as soon as possible.