New-York tribune., 1886-08-16
BOUGHT FOR A SYNDICATE,
MR.. PEsHALHs PURCHASES OF LAND.

THE GREESvILLE PROPERTY WILL PROBABLY Bu
IMPROVED AND LEASED TO THE BALTIMORE
AND OHIO.
The air is filled with rumOrs in regard to the
purposes OF the Baltimore Ohio Railroad Company.
little moro than week ago 1. was announced thas
c. J. Pcshall, a Ncw-fork lawyer, acting as a
agent for the Baltimore and Ohio company, had pur-
chased sufficient land to for the company ths
right OF way through Grecnvle from Newark Bay to
New-York Bay with extensive waterfront PRIVILEGES
Ncw-York Bay. II 10 no@ stated that Mr.. Pesnal
was never agent for the Baltimore and
Ohio people, and that II he has mNs
any purchases Of land t for purely Speculative
purpose. A gentleman who claims to be in a position
TO know all the facts stated positively yesterday that
Mr. Peshall has not bought any property except small
parcel for 81 900. and that he bought this at foro
sale Even then, 1t was said the Sheriff had con-
siderable difficulty in getting his money, ant was nos
until months after the sale that tho transaction Was
closed.
It seems probable that this wehformsd gentlcmanis is
mistaken among the transfers Of real estate recorded
in the Hudson County Registers office Saturday 10
one BY Jacob B. Vreeland and wife to Charles j. Pe-
shall, Of plot bounded Dy Ocean and Cedar and
the old Bergen Road, the consideration bsins 100
Another entry in the record shows that Sheriff elnizs
sold TO Mr. Pesha for $500 strip adjoining tho above
purchase and owned by the same persons This prop
erty part OF the land alleged to have been bought
by Mr. Peshall for the railroad company The weight Of
evidence goes to show that Mr.. Psslall has made all
the purchases he is alleged to have made az least ne
has secured option contracts-possiDy with view OF
selling the Baltimore and Ohio. other
poration. prominent citizen OF Jersey City, who 10
thoroughly posted railroad matters furnishes the
most plausible explanation OF the situation lie says:
II IL that Mr.. Peshall and others have secured
YpR Bay b With an exensve shore 'front.' On m The :. later
Tho purchases were not made for the Baltimore and
Ohio Company however, nor hat the company anything
ID
which is soon TO be organized and which will embrace
sections OF tho state. IL Will bo similar to
tho old Long Dock Company, from which the Erie
Jersey City and It's terminal facilities tho river front.
When this company !: properly organized Il w take
the shore. and will make the contemplated Improve
Company will take along lease Of the property as that
Will afford 1t better facilities for an outlet than II can
@ asS ass Probably m f ss @s
Eackawanns and Western Company, may find their per
Company owns the Morris and Essex Canal ami can
have It's outlet for passenger tranc at the Cap. heat
New-York.
Peshars purchases are extensive. and the riparian
When It is filled in and the contemplated
improvements are made, The Baltimore and ONO Com
many has nothing do with purchases, anu YET
II almost certain that IL will occupy he right OF way
The Staten Island scheme Is imp because per-
mission be obt aimed from NewSersey TO bridge
Konnt1s Brothers tho Nsw-York bankers. the
financial agents OF the corporation which ia to
troll the property and they provide the money for the
purchases . .,.,.--
true. as has been started, that the Baltimore
and ONO have been laid 10 within three miles OK
Elizabeth The tracks been laid but surveys
have been made, and the company has hat one OF ts
principal engineers ia Elizabeth for some time conduct
ing the surveys
/ could not give you detailed statement OF the I'm"
provemens that are to be made Dut thy w,Ii 90 SsH
crate extensive 1t Ia proposed nrst TO MI III SONNY
for distance OF about 5000 feet. PROJECTING beyond
this Will be piers, extending out about 2oOo rect lnof
THIS will bring the line up to the deep water can.'
which deep enough to loat ocean steamers ~, ~, ~
viii lie about 75 There will he freight and pas
senger staons and ferry houses the plans Tor WHICH,
unders tand, haye already been prepared.