The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1886-02-10

burgh Cap,morial- -GG-cfls reporter with DR.
Hosieiter, the Doctor said that By the Isl
of Aprii, lss7, trains viii be running into
Z Pittsburgh over the South Penn railroad.
As he said these words the Doctor smiled
and gazed retrospectively into the fire. In
those few moments he summed up the re-
suit of q battle which he had wsged almost
single-handed against the Pennsylvania
railroad and in which he is victorious The
I future belongs TO himself. Mr.. GvSen and
/ the South Penn.
lie has just returned from a trip TO Phila-
delphia and New York. In the first iaamed
place he attended meeting of the Reading
Railroad Directors The proceedings OF that
meeting, he said, could not be made public,
but il could be stated that Mr.. GOYen was
working hard and would soon have plans
perfected by which the entire indebtedness
of the Reading road would be refunded and
that property placed on sound paying ba-
sis Il see,n he continued, ''that there IS a
great scare over the Pennsylvania securing
the control of the Reading. They are buy
ing up the bonds of the road Well, rs Mr.
Gowen says. Let them buy; SO long as the
interest is paid they can do nothing.
Bonds. however, won't give them control Of
the road; they must buy stock. and they re
not going to do that, because the stock Is
paying no dividend nov and won't till the
South Penn road IS completed
WORK TO BE RESUMED.
when will that be, Dector2'
As said before, BY the ist ofAprii, 1857.
Under the authority OF the President of the
Board. Mr.. Robert II Sayre, a scouting par
tv of engineers are now out going over the
line. The road is already half built and
they will report to Us the condition Of al
fairs. We expect them io be ready within
a month, and IA meeting Of the Directors
Will be called to hear the result Of their OBJ
servations. We figure now that Sl,C00,WO
has been lost by this delay
Upon the presentation Of this report the
Directors will authorize the advertising for
I contracts. both for labor and rails. We
4 have plenty Of ties lying along the line Of
the road, and by the frst q June WORK VIII
/ be RECOMMENDED all along the line We
would push the work al once, but what Is
A the use of digging in ice and frozen ground.
/ Fifty cents viii 60 further in June than s.
now. We have changed the Western ter
: minus Of the road. and though we lengthen
I the route some thirty miles, we yet save a
I great deal of money by IL The first inten-
J tion was to have the terminus within a mile
of the Edgar Thomson Steel Works, but
/. now it will be near Connellsyille, connect
/ ing with the Pittsburgh, Mckeesport &
/ Youghiogheny near It's terminus. Beside
saving US money it will help the 'PeHiieky'
( greatly.
We are also placing on record our rights
Of way through the various counties, num-
Der Of them having been secured since the
January decision Of Judge Simonton. That
Injunction which be ordered is perpetual
and we have no fears that the Supreme
1 Court will lii, it in TACT the Attorney Cen
( eral SAYS it cannot be touched
] HOW IT WAS MANAGED.
How was ali this brought about, Doctor?
Il am not az liberty to state fully what we
I have done. OF what we will do. The Van
derhilts own .OJ.et0 shares of stock in the
: Reading road. and. as the future of that
4 property depends on the building Of the
F South Penn. We don't anticipate any serious
1 difficulty with them While was in New
! York / lid not see Mr. Vanderbilt Mr..
4 Gowen may have, though. In any case, am
I icable arrangements will be made, bat in
F, either Instance the Vanderbilt interest Will
/ be in the majority. VIII we buy the Van
derbllt Interest," Now. can't answer that
I question. but if the Vanderbilt people swore
! that they were willing to take per cent
I bond from the Pennsylvania railroad for
4 their Interest, why wouldn't they take il
/ from US ? "Would they require security
/ that the road should be bnilt Yes, l sup
Z pose 50. and that could easily be given ;
4 plenty Of personal security Is now ready.
I'VE have with rs now 50 100000 of the
/ sl5 600 900. The Vanderbilt interests and
that of one New Yorker are against Us,
amounting to > 501 0)0 The remainder OF
f the New Workers, the Colgates and Others
all the Philadelphians and Pittshurghers
I except one. are with US That one is Mr.
Carnegie. tb.nk he will join Us, thongh
can't say. None of them have received
anything; what else could they do2 Mr.
Mark Watson and Mr. B. F. Jones will be
I with MS. and Nj John Chalfant has con-
cluded TO join ~. too.
Z II can't saw whether Mr. Gowen is going
I to Europe or not. Money is plenty and
} think enough could be secured in this coun-
! try to build the South Penn. We already
: have paid about - per cert. of the original
{ subscription, leaving g per cent. 10 be paid
: and the s., 600. eco extra on account of delay.
{ Some Of this 81 G0OOCG went on broken con-
tracts. All our steel rail orders were placed
: 10 coo with the Carneeies; l0dC0 with the
PENNSYLVANIA Steel Company, at Steelton,
and 10000 tons with the Cambria Iron
Works. These rails were to have been de-
/ livered by the first ef this year and we had
( 70 pav large forfeit VIII the Vanderbits
be made 10 pay this forfeit" ?" That's anoth-
er question. l can't say"
SUMMING UP.
"In the entire affair Mr.. Gowen and ny
self have worked together right along.
Some cf the Philadelphia people told me q
20 ahead and handle their property as
handled NV own. Soon hope to he reliev-
ed Of great deal of this responsibility. 1t
was pretty rough on the subscribers at first
10 be put TO annoyance and delay. The
board will come together again and every
thing 20 smoothly along We are in good
shape. The Reading road IS in good hands
Mr. Vanderbilt did not oppose Mr. Gowen's
election the future Of the Reading depends
on the huilding Of the South Penn the
South Penn will be built and the Wander
bits, the Reading people, PhIladelpbians
New Yor.ers, Pittsb urghers, all will be
pleased"
BERkLEY's MfLIs TrExs.
Weather blustery
Our ice men busy.