Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-11
UNEXPECTED PHASE.
Mt. oliver Incline Said to be for Sale
to Settle Difficulties.
A RIVAL ASKED TO MAKE AN OFFER
President G. J. Schultz Knows of No EegO-
tiations Pending,
BUT he WILL SELL FOR AGOOD FIGURE

There is possibility of the fight between
the Pittsburg and Mt. Oliver and Pittsbufg
incline companies being settled in way
that doubtless few people have ever even
dreamed OF. It is no less than that the Mt.
Oliver people may sell to their rival, against
whom they now have suit in equity in the
courts to restrain them from the use of
franchises claimed by the Mt. Oliver, :Peo-
pie from previous charters.
Another possible move is the pooling of
the interests of the two companies SO that
each would share in the profits and save cut
ting OF rates and eternal warfare between
the two companies for supremacy in gain
ing and holding the patronage of the hill
residents
1t was reported yesterday that negotiations
are even now pending between the two COM
panies. Whether anything tangible will
result is a question known only to the two
companies, ii at all. 1t is known, however,
that representatives of the Mt. Oliver Com
panY have corresponded, or held confer
enee, with those of the Pittsburg Incline
Company, and that the Mt. Oliver people
have asked the Pittsburg Incline Company
to make an offer on the property, saying at
the same time an arrangement would obViate
cut-rate wars and be to the interest of the
Pittsburg company.
HE CONFIRMED IT.
After cleaning the above facts an Official
of the Pittsburg Incline Company was seen
by DISPATCH man, and asked if the other
incline company had made the overtures
named, and he answered in the affirmative.
Continuing, he said that the other COM
pany did not "have money enough" to buy
the Pittsburg incline. He was asked if his
company intended buying the other, or
would do so, and he said that would proba-
bly, depend on the price. He said it was
wrong, however, that any attempt would be
made to pool the interests of the two COM
panies.
The correspondence referred to is said to
have been carried on between A. L. Schultz,
director of the Mt. Oliver Company, and
an official of the Pittsburg Company. Pres
ident c. j. Schultz, of the former company,
was seen last night at his home on Carson
street. He was surprised when informed of
the matter, and denied having any know
ledge of such move being made. He said:
WILL SELL FOR THE PRICE.
'tI am sure our company has ne idea Of
selling out TO the Pittsburg or any other
company. was not aware that my son had
written any letters, or made any offers. IT
he has done so he is acting on his own re-
sponsibility, and not by direction of our
stockholders or directors. I suppose our in
cline could be bought if anyone has the
price, and 1 don't know what might turn
up in the future. Mr.. Keeling said to me
one day in joking way, why don't we sell
out and settle this difficulty That is the
most ever heard about our selling"
"Would you be willing to enter into an ar.
rangement with the Pittsburg Company, by
which competition could be avoided?" was
asked.
''Never. We have nothing to do with
them, except to get them off our property
which they now occupy. Ipledge you that
l know of no offers having been made on
the part of either company"
There are no new developments in the
equity case against the Pittsburg company.
President Schultz said last night that they
are being detained by failure to agree on
a master to hear the case. As soon as one
is selected the case will be proceeded with.