Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-08-22
OLIVER In EUROPE.
General Manager Mcdonald of the
Paw. r. R. Makes a Statement.
PRESIDENTS TRIP NOTIMPORTANT.
BE Didn't Go to See Andrew Carnegie
Although the Pittsburgers
WILL CONTROL THE LITTLE RAILROAD

General Manager Mcdonald, of the Pitts
burg and Western Railroad, was asked yes
terdsy whether President H. W. Oliver had
gone to Europe expressly 20 see Mr.. Carne-
gle about securing new connections and
double-tracking the road, and in reply he
said:
Mr.. Oliver did not 60 to Europe for the
purpose of seeing Mr.. Carnegie, but be went
there for pleasure, and upon his own private
business. We could not double track the
road if we wanted to, and there is no i'm
provement of that kind contemplated.
''Thc Pittsburg and Western Company
only own the line as far as New Castle. Be
vond that it is owned by the Pittsburg,
Cleveland and Toledo, and Pittsburg,
Painesville and FaIrport Railroad Com
panies. We are only the lessees, and if We
made such an improvement, it would have
TO be done at our own expense. We have
heavy debt overshadowing us now, and it is
not at all likely that we would add to the
debt, improving other peoples property.
The talk of Mr.. Carnegie or any one
man securing control of the stock OF the
road, is all bosh land there is nothing in 1t.
AS has been stated in The DISPATCH Mr..
Carnegie only owns 35, 900 shares, and this
is far from controlling interest.
PITTSBURG HAS THE CALL.
"The majority of the stock, however, is
still held by Pittsburg people. This in
cludes the Carnegie. Oliver, Gallery and
Cha!fant interests AS long as these people
hold their stock the road will still be
Pittsburg corporation, and will be managed
in the interest of Pittsburg people"
"There is story ahoat among people on
the inside that the Vanderbilt people in the
Lake Shore and Lake Erie roads are trying
to secure control of the road through the
bond holders. After getting the road in
their hands they intend to kill it, and will
then be rid of one lively competitor. Drex-
el, Morgan & Co., it is stated, are ready to
turn the interests they have over to the
Vanderbilts, provided they get enough
money. Is there any truth in these reports?"
was asked.
'I do not think there is word of truth in
it. We compete with the Lake Shore and
haul lot of the freight they formerly re-
ceived. 1t is possible they may be after our
road, though 1 dc not believe it.
"There is also considerable apprehension
among the stockholders and officers of the
Junction road," remarked the reporter,
'over a report coming from the Baltimore
and Ohio people, that the present manage
ment of the PittsSurg and Western wanted
TO discontinue the pleasant relations with
their line In other words the traffic ar
rangement between the Pittsburg and West
ern and Baltimore and Ohio roads through
the Junction was to be violated in every
way This would compel Western ship
pers to send their freight via another line,
and the Pittsburg and Western and Balti-
more and Ohio would lose the
business. By doing this the stock of the
Pittsburg and Western would be deprecated
and ultimately the road would go to the
wall. The New York interests are supposed
be back Of the scheme, and they thus hope
crowd out the Pittsburgers. If this was
ne it would kill the Junction road. Do
know anything about it?'
PITTsBURG ENTERPRISE.
That statement is false from beginning
end" replied Mr.. Mcdonald. "The
resent active management of the road has
such intentions of crowding out the Pitts
Grg interests. Our traffic arrangements
18th the B. & o. are friendly, and we could
not do without that connection. There is
too much freight interchanged between the
two roads fol- our company to break the
agreement. As long as the Pittsburg stock
holders hold on to what they have,
there is not the least probability that any
thing can be done that would not be to the
interest of Pittsburg manufacturers. The
Pittsburg and Western is a Pittsburg road,
I'd we are all the time trying to do every
thing in our power to further the interests
of the town."
SIS it not true that freight has been re-
fused which was marked for the line OF the
Baltimore and Ohio?'
'No, do not think so. If such was the
case do not know it. The only trouble we
had with the Baltimore and Ohio was when
] refused to allow our cars, which we needed
for local business, to go to the Baltimore
and Ohio mines to be loaded for the lakes"
The Wall Street journal, which is sup
pssed to be official on such matters, says
Mr.. divers visit to Europe was for the
purpose of securing the controlling interest
Of the stock of the road for Mr.. Carnegie.
This has been done, and a new trunk line
will be built from the seaboard to Chicago
The Pittsburg and Western will be the
Western connection at Pittsburg. Mr..
Carnegie, it is said, has abandoned his idea
of building new line from Pittsburg to the
lakes, and will devote his energies to
strengthening :he Pittsburg and Western.
A number of surveying parties, it is stated,
have been working in the Connellsville
coke region stalking out the line.