The Sunday tatler and Jersey City express. (Jersey City, N.J.) 1883-1886, 1886-08-15
ONLY oPrroN cosTR40Ts ?
Further Light Upon the e. g. o. Tsrni-
nal Question.

SCI do not believe said a gentleman
who is in position 10 know all the facts,
that there is any truth whatever in the
current stories about the Baltimore &
Ohios purchase OF water front at Green
Vile, and of a right of way across the neck
of land between Newark and New York
Bays. The onlypiece Of property that
Peshali has really purchased is "a piece for
$1,000, about which the TATTLER had a
story several weeks ago. It was purchased
at a sheriff sale: and it was hard work to
get the money for it, Peshall promised
day after day to pay up, but failed to come
to time Williams q Cowles, his sttdrneys
themselves got SO Disguised with his broken
agreements that they washed their hands
of the whole business. Finally he was
Threatened with contempt proceedings il
he did not pay. The sale being Court
sale, his trihiDg in the matter vsrgsd on
contempt of Court, and he had to mort
gage his property in GreenviIe to make
the payment. That wasn't done till nearly
Two months after the sale That transac-
tion didn't look as though he were opera
tive for vast corporation with q monster
surplus fund at its back l2sag9i
Another gentleman, who islargely inter-
understood it, Peshall had taken only
'option contracts from would-be sellers
.refusals, in other terms; and that these
weEe taken merely for speculation pur4s
poses. After having secured fefusaIs of
right of way and site suitable for terminal
purposes. be was to hare entered into
negotia tions VIII the Baltimore and Ohio,
with the design of inducing the company
to assum the contracts. but that thecom-
pany had not taken them, and would not
take them And ii is now tacisly admitted
that the purchases are to be made by a
syndicate Of New York capitalists, il at all. J
81 Peter bentley, counsel for the Lehigh
Valley Railroad Company, says that the
story is no. true as far as that company is
concerned. si5
Baltimore, and Ohio officials vigorously
deny that there is any truth in the rumor,
and one of the high officials Of the road is
quoted ais having declared that the Green
vile site is not suited for terminal pur-
poses; that il would cost too much to keep
the harbor in good condition, aud that they
do not want it, aud would not have it at
any price. On the top of itall comes the
report from Philadelphil that the New
Jersey Central stockholders have approved
q traffic agreement between It's officers and
the Baltimore and Ohio officials for termi,
nal facilities at Comnlunipaw. bat nothing
indicating the acceptance of such q con-
tract by the Baltimore and OHIO officials
hes been reported from any source.
PH1IAbEIPHIA, Aug. 1.-THE Record
will say Tomorrow SIT is now autherit-
atively stated that the tripartite agreement
between the Reading, Baltimore and Ohio
and New Jersey Central RAILROAD Com
,,aniac eor an inEernhAp} ~ nf n raft a. Il he's
been signed by all partiest It was stated
in these columns two weeks ago that the
agreement was not satisfactory to the re,
ceivers of the Reading Company and that
they would not sign It. The obstacle has
been overcome by President &c ed sign !
ing for that company. : 4slssassiss * ~ 5 5