Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-11

The oft-repeated assertion that Andrew
Carnegie intends to join forces with the Gar
retts and the balance of the B. & o. man
agemenG was very authoritatively denied in
this city yesterday. The gentleman who
makes the positive assertion that Andrew
Carnegie has not got cents worth of
stock or interest in any other railroad than
the Pittsburg and Western stated to The
DISPATCH representative that although the
statement must be impersonal on account of
some very vigorous shifting of the railroad
situation, he was prepared to offer convIne-
ing proof of what he said.
As to the moves by which the B. & o.
road is securing or will secure transcon-
tinental line the general denial that Mr..
Carnegie has any interest at stake beyond
those of heavy shipper, covers that portion
of the rumors. Coming down to the ques-
tion of the afiliation of the Pittsburg and
Western Railroad with the B. & o. more
positive statements are made.
1t is stated that there is not the remotest
possibility of the B. s. o. securing Mr..
Calnegie's road as an outlet to or connection
with the lakes. Those in this city who are
converssnt with the facts laugh at the prob
ability of either an open agreement or coali-
ton. The avowed hostility of the two roads
in question ought to be known to anyone
pretending to possess a knowledge of the
facts.
WHERE THEY ARE DECEIVED.
Much dependence is put upon the feelings
that Mr. Carnegie is known to entertain to-
ward the Pennsylvania Railroad for num-
ber Of stories that do not bear investigation.
Hence it was that the purchase of what is
known as the VALLEY Railroad" of Ohio,
some months since was imputed to Mr.. Car
negie. The story, was, of course, promptly
refuted. A heavy stockholder in the Valley
Railroad, who is also active in the affairs Of
the Pittsburg, CHARTERS and Youghiogheny
Railroad, makes the following statement in
regard to the situation:
Andrew Carnegie never has had an inter-
est of any nature in the Valley Railroad Of
Ohio, or in the p, G. & Y, OF this city.
The Valley Railroad was purchased by the
Pittsburg and Cleveland syndicate to form
the nucleus of a third competing line from
Pittsburg to Cleveland The sale of yester-
day to the Baltimore and Ohio Railroad
contains much more than is apparent upon
the surface. The original syndicate retain
a representa- ion upon the board elected at
Cleveland yesterday. Here is the list Of
fcers:
''Thomas M. King, President; G. E. Tain
tor. New York City, Vice President; W. D.
Porter, Cleveland, Secretary; Board of Di-
rectors: Hon. William Mckinley and Mr..
g. Boeckius, Canton; z. Dickey E. P.
Everett and j. II. Wade, of Cleveland; o.
P. Scaife and j. E. Schwartz, of Pittsburg.
THE P, C. & IN THE, DEAL.
SIT will be seen at the forthcoming meet
ing of the Pittsburg, CHARTERS and Yough-
iogheny Railroad stockholders that a
proposition emanating from the Valley
Railroad will be discussed. Although |
the latter is b & o. property, it |
is not to be assumed that the B. & o. intend |
to grab the P, c. & Y. A traffic arrange |
ment will probably be the first move made |
in order to secure an entrance into Pitts |
burg. As for the P, G. & Y. management, |
of the stock of the road is |
owned by the Economic Society, and the |
holders look with great favor upon an ANAL |
gamation of the Valley and Pc. & Y.
Just how far and in what shape the move
will extend cannot be definitely announced |
at present. But that the roads will resolve
into direct road to Cleveland, with ample |
terminal facilities and a gap to be mu-
tually constructed, there is no room for
doubt"
From THE DISPATCH Bureau in New
York was received a telegram last night that
Mr.. Andrew Carnegie said that there was
not particle of truth in the report that he
was about to associate himself with the
CARROTS for the benefit of the Baltimore and
OHIO road. Neither" said he, "am L in
teresting myself in the road in any other
way"