New-York tribune., 1890-04-15
SECURING CONTROL OF A COAL ROAD
IMPORTANT PURCHASE MADE BY A ROCHESTER,
FIRM-BuYING ALSO 81 600 900 OF A COAL

FIVM-BITYING ALSO S4,OOOOOO OF tOAL
AND IRON COMPAyY's STOCK.
Rochester. ~ y April 14.-An important railroad
arrangement has Just been concluded by ~ g. Yates
Of this city II includes the purchase Oh cohtroihe
interest in the Buffalo. Rochester and Ptsburg Rail
road the capltal took of which road is more than
81 600 600 and "a 100000 OF stock of the Rochester
and Pittsburg Coal and Iron Company. The con-
trolling interest in the latter property has been sold
hv Adrian Iseln OF New York. to the firm OF Bcll
Lewis A Yates OF this city and Buiiao. In connec-
ton with the present mining interests Of Bell, Lewis
& Yates combined with the tonnage of the Rochester
and Pittsbnrg Coal and Iron Company the output OF
htuminors coal from these two Interests, for the
tn ZOO 600 tons, taking last years business a. a
basis 1t is expected that the tonnage from this
roads In future AS 1t has heretofore.
1t was learned last night that tho sale Of the Iselin
interest in the Buffalo. Rochester and Ptsburg Rail
way was virtually completed. but the papers had
bcen passed there reluctance the part Of tho
sellers to speak Of tho details. An Official announce
smcnt will Lc made In few days. Adrian lsclln, VINO
held the largest amount Of stock seen last even
ing at the Metropolitan Opera House. He said II
is trne that have sold my interest in the company
to Messrs Bell Lewis and Yates. bat the details are not
completed and therefore do not care to speak about
the natter All the stockholders are protected and
there will be no objection whatever 50 far Is can
see The transaction Will be beneficial To the property
and will virtually consolidate the coal interests In the
territory through which the road There IS moth
ing to conceal about the sale. but do not Wish TO
speak until the matter is In shape to be placed be
fore the public officially
The stock by Mr. 1clin 10 the Buffalo Rochester
syndicate is understood 10 be s4,OOO,OOO par value.
The total capital OF the company is Sl2,oo ooOoo di'
vdcd equally between preferred and common, shares.
Mr. Iscln', interest. while not an absolute o"ner7hip
is sufccn, TO transfer tho control 10 the syndicate
The price could not be learned Inc
stock closed at 20 saturday. but much higher BIDS
are said 10 have been made Yesterday. The control
Of the Rochester Coal and Iron Company goes WIN
the railroad stock for TIE reason that the railroad
owns 10000 shares in the coal ana iron cOnpan.
The present Boarr of Directors Of the Bufa!O ko'h
ester and Piit.buig hallWay consist, Of thcsc Ei'n
Henry l. Barley, Henry FatiO. Adrian lsclln, Jr..
yenG. WalstOn II. brown. Adrian Iselu. John H.
Ilocart Au.ustc Richard. .AitLIr v. sherman, Fred
crcl D. Tappen and J. Kennedy Tod. The changes
in the Roard required bv the transfer Ot control nave
not been arranged. IL is believed however thht
Ncssr- rccklani. Roosevelt, Brown. lHpp"r ana lod
will remain IA The BOard. AGrca i.'iin. lr. VIII
resign the presidency IN favor Of -hthur '. faic',
NJ the in,cl.>ing syndioate bat will remain director
The buffalo, Rochester and irit-buIs Rhilw"y runs
from Rochester. y y 10 Howard juno aon. Penn &.
10 miles frrrn Clarion junction. Penn. . Nnl,tsi
penn 20 miles aud from Bufalc Creek. y. }. 4"
Ashford Junction. y =, - miles Including
branches the company operate, leo miles Ia E"W
York and ] Il miles in Peunsy l,ani".