New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-09
sembly should meet in the parlar tomorrow
morning. This resolution was defeated by vote
inu the matter of abandoning the Assembly Cham
ber still undecided.
RAILROAD INTERESTS.
TIE PLAN TO BUILD THE SOUTH PENN.

pr11ct NCr OF THE VANDERBILT ISTEREsTs-FEAR
OF PROVOKING RAILWAY HOsTILITIEs.
The bears in Wall Street used with effect yesterday
the Pitsburg dispatches announcing that tho Wander
bilt Hostetter and Carnegie interests In the south
Pennsylvania Railroad had practically agreed upon
a plan by which that road would be completed Ihe
pretext for the selling was that this would lead TO
conflict between the Pennsylvania and the new
York Central Railroad systems. Although acquainted
with the use which the news was being put repre-
sentaves OF the Vsndebts chose to preserve extreme
reticcnce I'm discussing the matter The puollcatioh
apparently had not come at a 1uncture pleasing 'o
them. Chauncey NJ. Depew, president OF the New
York Central and counsel for the Vandebts was seen
by q reporter OF THE TRIBUNE at tho Grand Central
Station in the morning. Mr.. Depew read one Of Inc
Western dispatches the subject and then SAID
"There is an admlxture of truth and inaccuracy In
this. I will talk to you about 1t later lie thon
went into the regular weekly meeting of the Central
Road and when seen afterward he said: i do not
know anything about this. You had better see
some members of the syndicate" Mr.. Depew sub
soquentiy added that Andrew Carnegie was WORKING
to close the South Pennsylvania matter up, and he
stated that it was not true that Mr. Vanderbilt had
signed all the papers, as was alleged IN the dispatch
Cornelius Wander bllt was asked with reference TO
the correctness Of tho publication, but, after e&hD-
iting some astonshmcnt, he sald u am too busy to
talk about It now
II. Mex. TwOn,bley, who was a prominent member
OF the syndicate that started the South IehhS3 an"
scheme, referred the reporter to Mr. Depew, saying
I" lie knows all that l do about the matter, and
would prefer to have him speak" After Mr. Depew
had declined to make any de allied statement, Mr.
TwOmbey again was seen and he preserved the saho
rcticence
c. Ii. Odel who represents tho Carnegie interests
here, said that he knew nothing about the scheme
Mr. Carnegie had gone TO Washington and had not
spoken of the matter before he left NJ Odcll thought
the publication was premature
Ii is believed iu woil-inIOrmed circles that tho van
derbs have decided to push the South Pennsylvania
to compile ion, il all tho details )f the reported
30 per assessment the stock and the proposed
issue Of OO00 900 thirtyyear per cent bonds are
not vet arranged 1t cannot be learned whether tho
road will be completed with the approval OF the Penn
syvania Railroad or not, and the Importance OF tho
enterprise depends upon that point. 1t was aban-
doncd When the West shore settlement OF 1885 was
arranged and the road to DO turned over TO tho
| Penns, lvanla The minority stockholders, repro
sented by Ralph Bagaley and Mr. ioSteter, cf Pitt'
burg, opposed the abandoning OF the project and n
CATION was begun compel the completion OF the
road and prevent its transfer TO the Pennsylvania
The latter road subsequently procured all inunctl0n
to prevent any steps for building the line until tho
question of nershlp decided In tho courts There
are many prominent capitalists In this city who have
already been snced towa ard It, and they are anxious
| whatever agreements have been or may be maze IL
structon before long.