Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-19

The Allegation That Carnegie VIII Build
Competing Line From the Lakes
Backed Up ,by Some Interesting De-
tails.
The publication in this paper yesterday
that the Valley (Ohio) Railroad stockhold-
ers had elected new directors and that one
Of them was Andrew Carnegie, caused con-
siderable talk in this city Yesterday. Peo-
pie began to think that Mr.. Carnegie means
something more than mere newspaper talk,
in procuring new route for iron ore trans
portation from the lakes to Pittsburg.
He had complained bitterly oi
discrimination against ore consumers in
Pittsburg by the existing railroads from
the lakes. The road is about nine miles in
length and extends from Cleveland to Val
ley Junction, near Akron. 1t is believed
that scheme is on foot to run the road into
Pittsburg, as competitor Of the Cleveland
and Pittsburg Railroad.
Mr.. Carnegie is absent from the city and
his partner, Mr.. Henry Phipps, Jr., was
seen last night in regard to the matter. He
simply said he knew nothing about the trans
action, and that Mr.. Carnegie only could
tell positively whether he was interested in
an enterprise to build competing road
from Cleveland to Pittsburg.
In yesterdays issue of the Cleveland
Leader appeared the following:
The result Of the election q directors rs At the the
Railway yesterday clearly Indicates that the deal
by which the property is to be transferred to An
been consunimated As stated in the LeddF two
months ago and reiterated yesterday, the new
owners were not ready to show their hands by I'LL
ing up the directory with members Of the syndi-
cate because OF negotiations pending with otner
tsihed into PittsbuTg for % The d proposed through
line: Hence it was that the new directors elected
are Cleveland men not heavy sTocEnOeers' PSs PSs
Board Of Directors now consists Of j. ii. Wade,
H. Payne. S. T. Everett L. G. Higgins, d. I. King.
and w. 5. Jones. The three last named are the
new directors. BY the election yesterday Mr.. J.;
Mr.. s. T. Everett made the deal with the Carnegie
syndicate ana Mr.. s.. z. Everett's checks paid q
inc road to insure the formal transfer Of the stock
In the near future. Mr.. Everett is grandson py
marriage Of Mr.: J. H. Wade Mr.; J: T. h; os,Soe; MSee;
OF the road Andrew squire, Esq, isthe attorney
who, on behalf Of the company, looked after M tne
legal question arising during the course OF tine
negotiations. Mr.. Jones Is connected with Mr.
It is probable that other directors, per haps all
OF them favorable to the transfer OF the prop.
erty to the Carnegie syndicate; but they are moi
the road II the deal should fall through and to sell
It to other parties If they should 80 desire. The
s E ss ss cs4
dent J. H. Wade, Vice President ID. L. King, q
Akron, Treasurer $; T, Everett, Secretary W: B,
Porter. and General Manager William TnornDure
II viii give you ride to Pittsburg over the best
coaches within very short. time,''. said
director of the Valley Road to a Leader
Leader has in the main published the correct de.
tails OF the deal. don't know where you gol
s1d there is No Sa viii be
just asthe Leader has maintained from the start.
Another director stated that the Valley line Il
Carnegie purchased land in Pittsburg only lasi
south Psnn line 70 the Viii
ern outlet for the Valley, and q western line may
Harrisburg few days ago, admitted that he was
interested in the South Penn to the extent Of
Tanis IeeisIature upon the abandonment Of thai
There were wild rumors of all sorts concerning
down some Of them by interviewing Mr.. s. T.
Everett. 'It is said That you and your family
reporter s.Is the rumor trueP',
"Not word Of truth in it. Where did that II
II don't know. It is said also that the Carne-
giles have backed down and that you are going to
negotiate with syndicate In Holland for the sale
Of the Valley road?''
tits q lie."
And you Will not leave us?''
'1'u stay with you"
''How is the deal getting along7''
its all right
'Tt is not of, then?''
mot BIT Of It. Everything Eill be fixed in a
"a director says that the Valley will 20 to Pitts
burg by y-of Bergholz?'' suggested the young
man.
siI,d like to get a hold on that director - said
the Treasurer and chief negotiator, with slight
frown.
This all shows that MIR, Carnegie was not elected
q director, but intimates that his friends were.