The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-02-11
souru rENN,s PROSPECTS,.
Tho Plum OF Procedure Not Yet DeHnitel!
n.1.ru,InnJ Unnu

Tho Plum of Procedure Not Yet Definitely
Determined Upon.
HARRlsDURa, Pa, Feb. SIT ia by no
means finally settled that the South Penn
railroad will be completed" said Director
w. ]. Sanger, OF that company to-day,
"but most decided stop has been taken
in that direction. A plan for the compile
ton Of the road has been gotten up, some
Of the dstsilsot which has been made pub.
lie. Tho plan contemplated The payment
Of certain additional amount Of cash by
the original syndicate, for which CRsh and
cash already paid in capital stock will be
issued 10 a reorganized company ior it's
full value. Then o sufficient amount
of bonds will be issued 10 complete
the load with the cash paid in. There
will not be drop OF water in the
enterprise. II will be seen from this plan,
il tits carried out and the road is compile.
ted, that the enterprise will BIO In stronger
financial condition than any railroad which
has been built in this country, Almost
three.iourths in the interest Of the syndi-
cate have already agreed TO the plan, and
the outlook Is very encouraging for the
balance agreeing to 1t. The enterprise it.
self Is undoubtedly moat promising one,
but there ore CertOin railroad complica.
tons which might induce tho members Of
the syndicate to abandon the completion
OF the railroad II there was any way to re-
alizs on the money which they have al
ready paid In"
AS yet, Mr.. Sanger added, no time has
been 6stfor rGsumlng work upon the, line.
A New York dispatch says: The news
from Pittsburgh that the South Pennsyl.
yania railroad scheme is to be forthwith
galvanized into new life and consequence
affected yesterdays ntock market. It isn't
taken as O signal for helping along over
much the policy OF peace and goodwill
among the trunk lines. The fact that the
Vanderbilt interest goes heavily with the
reyiyified project is construed as promis.
ing well for many Of that combinations
lines to. enterprises, but few veterans in
the Street can be made to believe that the
Pennsylvania railroad will welcome the
South Pennsylvania revival except as
proVccation for war.
Lake Shore went down somewhat on
the news, tho arguments Of the speCula.
tors assailing 1t being that the South
Pennsylvania, however much part and
parcel Of tho Vanderbilt property, was
sure to force fighting among the trunk
lines wherein for q timo at least all would
be losers, Erie and other trunk line
stocks shared in the weRknesa.
Tho speculative contingent made many
descents upon the Vanderbilt offices seek.
ing information as to the trunk line out
look and the probability Of South Penn's
influence on the situation. But the au.
thorities were not inclined to talk, sgree-
ing in the declaration OF Mr.. Andrew
Carnegie, one Of their Co.inveatora in the
enterprise, that tho Pittsburgh announce
ment was premature"
1t ia known, however, that on Sunday
last Mr.. Carnegie sent over the Western
Union wires a telegram practically to this
effect:
"All Is settled. Syndicate complete.
Success surO. Wise We could get twice as
big an interest in the syndicate as we have
nny -