The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1889-01-25

The Maryland Central Reorgnnized-
The York and Peach bottom Sold TO
the Mary land Central ~ ndieaie-COn-
OwingO Bridge to be Bought.
From the Baltimore Sun.
The stockholders Of the Maryland Central
Railroad Company as reorganized met al the
Offices, corner Nor h Avenue aud Oak street, and
elected q board OF seven directors, as fOllsws:
VIM. Gilmor. George 5. Brown, Hugh Is. Jones,
aud Frederick B. Hubbell, of Baltimore John
Henry Miller and W. n. Houseman, Pittsburg {;
Warren F. walworth OF Cleveland. The direc-
tors organized with Mr.. Gilmor for PRESIDENT ana
statement of the operations OF the company in
1855 shows gross earnings $l5l,2s6 80 and operat-
ing expenses $ll32I9 81, leaving $3s.Ul 60 as the
ret earnings. This is an increase Of Sll,0O0 over
1887. The amount was used in the acquisition OF
property and In betterments. the company row
street, most of which has been recently secured.
On the south side of North avenue at Oak steet,
1t has front OF 1893 feet by depth OF 10 teet,
and on the north side OF that avenue. includ ing
the Denny Mitchell stables, the company has
street, with a depth Of 400 feet. The Mary land
Central has ample room for terminals at North
avenue. even II the concern should eventually
become part of big railroad system. The capt
tai stock Of the reorganized company is 10000.
and the bonded debt first mortgage, $50 OU1 at
per cent, and $4,000 will pay the interest; Pres.
dent Glmnr says the company viii broaden out
In It's business, and he predicts bright future
for IT.
YORK AND PEACH BOTTOM ROAD.
A special dispatch TO The sun fr IN York, Pa,
says the YORK and Peach Bottom Narrow Gauge
railroad has been sold TO the MARYLAND Central
syndicate and the two roads will he operated
jointly. Ten thousand dollars have been paid on
account. The Peach Bottom Road will connect
with the Marylan Central al Delta, ami Will give
President GIlmsrs system II miles OF narrow
gauge road from Baltimore TO YORK. The Deer
Creek and Susquenanna Road, 10 be completed
In time for next winters business, will add ID
more miles, giving total of 100 miles under the
Maryland Central management. The question
of the broadening OF the narr Iw-guages 10 the
d T..
that II will come in the near future. He says
the idea has been advanced of laying the rails on
the Deer Creek and Susquehanna Road three
lest apart to meet the narrow gauge OF the
MARYLAND Central, but tho road bed viii be for
standard gauge. and the rails could be changed
to the feet 81 inches gauge in day, when that
is required But this idea may not be carried
cut, and he says 1t looks now a. II the Maryland
Central will be made standard gauge to CONFIRM
to the Deer Creek ana SusquetaDna. Mr.. Chas.
X. McConkey. the President OF the York nd
Peach Bottom Railroad Company, has been fire.
quently In Baltimore lately 10 conference with
the Marylan Central people.
The Sun also Gays that report ia around that
the HostetIer interest il behind the PittsbuTg
people who have gone into the Maryland Central
directory. Mr.. Hostetteris largely concerned in
the South Pennsylvania Railroad, which, it is
said, Will finally be butt. The South PenusylvH-
MIA people have been friendly with the Reading
system.
THE PROPOSED BELT RAILROAD.
The Belt Railroad Company, uf Baltimore CITY,
of which the syndicate who are moving in the
Mary land Central Railroad operations are the
promoters, is said to be strongly backed. Great
results are expected from this enterprise, not
only to the Marylan Central but to the Belt
Company also. The plan is to connect all the
railroads with deep water terminals and to get
the hauling for the cotton mills and othe rmanu
featuring establishments, which, to a large tx
tent now employ wagons and teams of horses.
One OF the incOrporatOrs of the Belt Company
says II Ia promising enough u command the re-
quired capital, ana Will not be allowed to Ian
Fuish The announcement that the Maryland Cen
tral syndicate have negotiated for the purchase
OF control of the stock OF the York and Peach
bottom Railroad Company is satisfactory news
TO its friends The Peach Bottom Road has prac-
ttcally been competitor oil the Mary land Cen
trail, and In consequence the Delta end of the
latter was not profitable. With the two roads
under one management the business of both will
be promoted. Each road has earned more than
fixed charges last year.
CoNowISGo BRIDGE.
1t is also reported that Mr.. John II. Miller,
contractor for the building of the Deer Creek
aud Susquebanna Railroad, has been negotiating,
recently. with Mr.. James c. Bell, President Of
the Conowngo Bridge Company, with view of
buying that structure. This would indicate
that the ultimate object is to continue the Deer
Creek and Susquehanna Railroad from Stafford
TO Conowingo, crossing the river at that point,
and connecting at Quarryvile. Pa, with the
Reading system. Quarryville is l6 miles from
the Susquehanna river and is the terminus of
branch of the Reading Railroad which extends
from the main line at Lebanon. Pa, By way of
Lancaster, to QLarryve.