The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1888-11-14

One Of the stockholders ofihe South Penn
railroad sid that Is that road Wa known !.
be enc Of DR.. Hostetsers pet schemes be he,
no 5eabs that itNogid be pushed by HI
heirs even mnre rapidly ihan if ,he doetal
hitaself were living. There will be a msst
ing held next eeek ie disces the arrange
ments 10 be made Dr.. Hosiei'er held 81
eto.eo worth Of tse stock. and was one o.
the snsst artise Of The -spckhoiIsrs-pfn
brrg coaalssscalz Ga-a
PnrsRras. NofemieT S.-W4lat efr-ei
viii the death ofDr. H~os,eier have on The
construction OF the south Penn Railroad
asked a reporter Of one Of the largest stock
holders Of the corporation to-day. None
whatever, was his reply. excepting that J
think his ideas Xii Be pushed with more
vigof and enthusiasm by his heirs than even
the doctor himself displayed o. .aae. anu
that Is a significant assertion when you re-
msaber that the cid gentleman's pet fnan-
eiAl scheme was the South Penn Railroad
VIII ron have ameeiing next week. As
reported ?
Well, this meeting question is ofso little
importance that lido not think il, worth
while mentioning whether a meeting viii De
heid to-morrow Or next week We meet
now and sheu, IS other concerns do. and il
would not be wise for any af.sar -stcokhold
es 10 anticipate any possible action We may
take
Dr. Hostetter held 100000 worth ofthe
stock, andif his pet scheme is carried ont.
coupled with the edict OF the Pennsylvania
supreme Court. indications point to the re
sumption Of work on the m~uch-talked-of
South Penn Road
The death OF DR.. Hosietter Of Pit;sburg
is regarded BIZ railroad men Is likely to have
a most important effect upn the South
Pennsylvania railroad schenle, perhaps to
the extent cleansing the a~banaonmcnt o.
the plan entirely pr. Hosset;er was the
second largest subscriber 40 ths si5.0oo0e0
syndicate, his interest Of S2ooeg9 being ex-
ceeded only BY the Interest Of the late VIII
lam II, Vanderbilt. The next largest SUBJ
scriber to Dr. Hesteie- Is Mr.. Rilpii Baga-
ley. who figures for SL9l.el and it Is vel
known that Mr. Basaley i not well i;s-
posed toward the gentlemen who are eon
Quoting the affairs oftbe saatll Pcan pool,
or, rather. hedoes not altogether approye Of
their plans.
Mr. Andrgw Carnegie, who subscribed for
S~l,00e0cV. s managing The affair, but he has
just had a business dispute with his partner,
Henry Phipps, who has retired from the
Carnegie firm. Mr.. Phipps is a subscriber to
the South Penn project to the extent Of
$4,000. Mr. Henry Lewis and SIR. Angus
tus ScheIl, two Of the original members Of
the syndicate, have died within the last fex
years, and their investments arci IN the hands
Of their executors, and 10 sone extent tel
up.
Such a large proportion Of the original
Sl5t00o00 Of subscribed capital has changed
position, and Is those who control the ball
ance have been unabIe 10 suggest q plan "a
i~sfactoFy 70 ali interests. lha, Is is uos be-
iieyed the original syndidlte viii no, be
able 20 build the road and taai a complete
Reorganization and the G1aati5u Of a new
company WITH new men and new capital
viii be found necessary
Dr. Hosiet,er has not taken an acsive III
eTs; in South Penn matters for some
months, owing 10 feeble health. He was
ready, hosever, 10 approve any plan that
commanded the general support Of other
stockholders. Occupying in this respect coin
mon ground VIII the YasdeFblt heirs.
The Pope has appointed ire slst day Of
December, 1855, for a special seryicein CATH
Ollie churches throughout the world. at which
thanks are to be offered to Tie sacred heau
ofJesus for graces received during tile year
Of the Papal Jubilee. The Holy father Is in
receipt Of a present Of 100000 from the
Catholics Of lndia and Australia.