The Osceola times., 1885-11-28
WON AT LAST.

Reaaund tn the success OF the Company
and Send staten Island Property Boom
Ing.
NEW York, November 2S.-At meet
ing of the stockholders Of the Staten Is
land Rapid Transit Company, held In this
city yesterday afternoon, contract was
ratified which gives the Baltimore & OHIO
Railroad Company the control OF the
property of the first named company
This result has been reached after pro-
trscted negotiations and secures TO the
Baltimore Ohio ample terminal facili'
ties at this port with which It will con.
meet by an independent line. The con-
tract was ratified by the stockholders of
the Baltimore & Ohio Company at their
recent annual meeting, but their action
upon 1t was kept secret until other ques.
tions relating TO the connection could be
settled. According to the scheme now
contemplated, the Baltimore & Ohio Rail-
ing depot In Philadelphia oveI
its own tracks, which it is now
completing at total cost of about
Sll 100000. From Philadelphia and
Bound Brook, N. Y, 1t will run over the
Philadelphia { Reading tracks under
modification Of its contract with that
company from Bound Brook. The Balti.
more & Ohio will build about eighteen
miles of road to Elizabethpor, where II
will connect with the Staten Island sys-
TEN. The connection will be made by an
iron bridge or viaduct, about 900 feet
long, over the Arthurkil. This bridge
will cost, IL Is estimated, less than
$500, 900. The road from Bound Brook
20 Elizahcthpor will be practically
straight line through u comparatively
level country. The rights Of way have
been secured, and the entire cost is csti-
mated at about 81 100000 The money
is said to be in hand and the contracts
awarded.
TuK CONTRACT.
The contract between the Baltimore
Ohio Company and the Staten Island Rapid
Transit Company provides that the
former shall guarantee the principal and
interest of the bonds OF the latter, the
total issue of which will probably amount
/ to 81. 100000. The Baltimore 4 Ohio ac-
| quires one-half OF the $500, 900 stock OF
| the Transit Company. This road will be
] completed within month and the equip.
/ ment is now ready for use. The facilities
acquired by the Baltimore & Ohio include,
besides the road mentioned, about two
miles of deep water front over $50 acres
of land and all the ferries owned
/ by the Staten Island Company and the
dock facilities that it contracts. New
fast steamers will be put upon the
ferries by which it is declared the time
between Staten Island and the Battery
will be reduced to about fifteen minutes.
That will be pretty fast going The pas
senger station OF the Baltimore 4 Ohio In
this city will he at the foot OF Whitehall
street and close connection with all OF the
elevated roads. Arrangements for this
connection have been perfected. The
Staten Island Company originated largely
with Erastus Wiman, who has been the
principal promoter Of the enterprise, and
with the President, Mr.. J. 4. Emfnons
has conducted on the part of the com
pany the negotiations which were com
pleted Saturday.
WHAT THE BALTIMORE 4 ONO GAINS.
In speaking OF the matter Mr. Wiman
said: "By this arrangement the Baltimore
G. Ohio secures an Independent and unrc-
| strained entrance to the harbor OF New
York, with extraordinary facilities foi
erecting passenger and freight dcpots
storage warehouses, coal yards, etc. BY
the new route they also shorten the dis
tance between New York and Phila-
delphia, as glance at any railroad map
will show. We obtain the cooperation
of a valuable ally and Staten Island will
be largely the gamer In commercial
sense. The privileges of the Baltimore
Ohio are practically without limit. The
Baltimore & Ohio can, il it chooses, issue
coupon tickets at either Chicago, st.
Louis or Cincinnati for a passage to any
station on the elevated roads, and thus
make those lines its actual terminl. That
would be no., city for lady travelling
alone TO purchase her ticket from st.
Louis to Twenty-third street, New York.
"The freight facilities will be the most
important point of all New York piers
now rent from $4,000 to $4,000 a year
and are too costly TO be used for storage,
consequently the bulk Of that business
passes out Of the hands of the railroad
companies and goes to Brooklyn, causing
increased expense for lighterage and
doubling handling. At Staten Island we
give the Baltimore & Ohio access to
twelve miles of the best water front IN
the entire harbor. Unlimited space
can be secured for storage ware
| houses, and vessels can be laden
direct from the cars. Merchandise for
warded from the West for exporta-
ton will here reach the railroad without
breaking bulk and can be held in storage
for Western shippers at lower rates. In
short the Baltimore & Ohio has for all
time carried its Eastern terminus to the
harbor Of New York and can increase Its
facilities according to its needs. OF
course this will make the island part of
| New York, the presence of the Baltimore
& Ohio win increase its population and
property will naturally increase its value.
Staten Island IL all right now"
1t Is said upon good authority, that
owing TO inside knowledge of the deal
over 81 800, 900 Of real estate has changed
hands on Staten Island within the last
two weeks at advancing prices. In Wall
street, when the news that the agreement
had been consummsted became public
property, 1t was generally considered q
bear argument Of Jersey Central and 1t
was also feared that it might result in o
reopenng of the trunk line differences.
The determination OF the Baltimore &
Ohio 10 reach this city has long been
known TO the other companies, TO say
nothing OF the public, and its assent 10
the new trunk line agreements have been
with the understanding that IL would do
so. Hence 1t Is rather difficult to see how
much of disturbance can be created un.
til its new line is completed.
| Murdered for Hire.