Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-13
ONE MORE BIG DEAL.
The Wells-FargO Company Purchases
the P. & W. Express Business.
THE TERMS ARE CONFIDENTIAL.
A Valuable Acquisition to the Former Com
pany's System.
THE BUSINESS WORTH $4,000 A YEAR

Another great express deal has been con-
eunImsted in this city. Yesterday the
Wells, Fargo Express Company purchased
all the property, rights and franchises of
the Pittsburg and Western Express Com
pany and will in future operate the bust
ness on all the lines of that railroad.
The negotiations for the purchase of the
property have been going on for months.
They were ended yesterday by the arrival
in the city of Mr.. Thomas NJ. De Witt,
Superintendent of the Wells-Fargo Com
pany at Cleveland. He consulted with
President Gallery and General Passenger
and Ticket Agent Bassett, and last evening
the papers were signed. The terms agreed
upon and the price paid would not be given
out for publication.
The business for the past year has aver
aged about S., 600 per month, and the ac-
QUESTION OF Pittsburg and Western traffic will
greatly add to the Wells-Fargo system. The
company will look about them for central
location for a first-class Office in this city and
will establish branch offices in Allegheny and
the Southside.
OF WHAT IT CONSISTS.
The mileage of the PIttsburg and Western
Company was as follows: Allegheny to Mount
Jewett, O., l65 miles; Allegheny to Orrville,
l6O miles; Youngstown to Painesvine, o., %
miles. Total, 3S5 miles. The Wells Fargo
Company have had a through service on the
Western road, but were desirious to get the local
business Another company was also after it.
but the Wells, Fargo people succeeded in get
ting the property. They will assume control
rod lQST
night and will be sent to all the agents on the
Pittsburg and Western road, by President
Gallery, notifying them of the sale
In speaking of the deal last night, Superin-
tendent De Witt said: 'The negotiations for
the transfer of the Pittsburg and Western
business have been going on for months among
several of the larger companies; but we finally
got the drop and purchased the property.
This leaves only four companies, the Wells
Fargo, the Adams, the American and the
United States. By the addition of the Pitts
burg and Western lines our total mileage has
been increased to As, $50 miles. Our system is
divided as follows: 1850 miles of railroads,
8459 miles of stage routes, 525 miles of inland
steamers and IA, l30 miles of ocean steamers.
We are the only company operating con-
tinuous line from the Atlantic to the Pacific.
NOTHING SLOW ABOUT IT.
"As soon as we can secure a place we will
open the finest office in this city, and will be
prepared to give Pittsburg people first-class
express service. We do not intend at present
to make many changes in the Pittsburg and
Western equipment, except to strengthen it at
all points"
General Passenger and Ticket Agent Bas-
sett, of the P1ttsburg and Western, said: 'Our
company intends to put on increased train fa-
cllities and will make the Wells Fargo CON-
pany the strongest in the city. cannot say
what the terms of the sale were, as that is conf
dental. This business, though, amounts to
about $4,000 per year. The express company
was organized about the time our road was
opened and is a good paying property. Our
road is branching out and we determined to
get rid of the express business if we got good
bid. As the Wells-Fargo Company made
good offer we decided to SELL"
Superintendent De- Witt who conducted the
negotiations, will have supervision over this
territory. He is well known to Pittsburg mer-
chants, having been the agent of the United
States Company in this city for over three
years. -...,-
The We1ls-Fargo Company was organized in
San Francisco in 1852 They do most of their
business in the West. They have a contract
with the Government to carry all the United
States bullion.