New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-23
GARRETT'S VAGUE PROPOSAL
THE SOUTH PENNSYLVANIA AFFAIRS.

SYNDICATE PEOPLE WANT DEFINITE INFORMATION
BEFORE ACTING.
Few railroad men could be found yesterday who were
startled" by the letter Of Robert Garrett president OF
the Baltimore and Ohio Railroad read at the meeting OF
the subscribers to the South Pennsylvania syndicate In
this city Tuesday. The is that under the cir
cumstances serious outcome OF his proposition Is
feared dispatch from Philadelphia stated:
The Pennsvvana folks have cocnizance OF new south
deal with GARRETT except as reported ~ papSd ppd
be nbeeoming while they and the South Pennsylvania are
Mr. CARROTS letter. as read by f. B. Gowen. was vague
to extreme 1t stated that the South Pennsylvania
syndicate would build that road from Harrisburg to Som
erset Penn where connection could be made with one
OF the lines OF the Baltimore and Ohio the latter would
make closo traffic arrangement afordng an
outlet to Pittsburg "or II desirable" added the
letter Mr. Garrett would take interest In the enter
prise. Nothing ssid according to the statement OF
prominent member OF the syndicate, to whether Mr.
GarTets interest would be 5 $50OO0OO or in what
shape the Interest would be taken. One OF the news
agencies published statement said to have been OBJ
tained from Dr. Hostetter and Ralph Bagaley. Of the
minority interests OF the South Pennsylvania on the eve
of their departure for Pittsburg. Here 1t is:
Atthe sonth Pennsylvania syndicate yeser.
DAY at DrcSe Moran Co.'S Office NJ Gowsh % fe4' "a le1sp n
have preference equal rates on the business OF te Sonh
Penn'yvana road he willing TO become mem9er OF ns
quarter interest the syndicate lie wants to extend
proposes very iar liberal Of traffic with the
Vanderbilt lines suggests the south Penn yvanl
ns Fad ~ building Port Perry the western part OF me
vsnderb system u only as far West as somersst Oh Inc
decided what action TO take the matter but VIII deciue
prominent NewYork member OF the syndicate MAZE
statements respecting the meeting which vary decidedly
from the above said Mr.. Garrett did not suggest
any interest which he would be willing to take
in the completion of the road. What was the
sentiment expressed at the meetingf wen,
you can't say that there was any, Ior
there was no discussion of moment respecting the
willing do The meeting took no action and ad-
ourned until next week, when some reply VIII De deter
mined upon" -,
IL il understood good authority that the Vanderbilt
interests opposed any further extension OF the en-
terprse. They willing to he relieved OF their hod-
ngs and provided OF Pennsylvania ultimately
allow the completion OF the scheme VIII giauy
permit Mr. Garrett or Dr. Hostetter, or
any body else to return their money SUNK
in the project. The building OF the
road from Harrisburg TO Somerset suggested by lr
Garrett will involve the construction OF some lio nes
nj 900 600 to $40 OoOOOO In addition 70 lne
81 900 900 or - 100000 already invested III Does III
the ground as President Depew styled tue tlnne WORK
done when it was objected that in trying 10 absorb .e
south Pennsylvania road. the Pennsylvania was control
ling parallel line" Most railroad men mink tud'
will hesitate at any such Investment Wule e
has so many projects OF his own on hand whlen
OF more vital Importance ana IN view oi Tue empea
of the banking world developed by the West shore
paralleng crash. With active help likely 70 coue
from the Vanderbilt interest long friendly relations
are maintained with President Roberts, or the fenhSy
yania tile bnrlen OF the work Will fall on MT 'arre
and The minority syndicate interests. The later may
seek more definite information Mr.. Garrett before
next weeks meeting hut the vanderbilt people VIII Sill
ply await Developments