New-York tribune., 1891-09-16
ONTARIO'S ULTIMATE FATE.
NEGOTIATIONS WITH THE NEw-YoRK CEN
TRIAL RIPENING.
PROSPECTS OF DEAL AFTER cHAUNcEY M
pErEw's ARRIVAL FROM EURoPB-AD-
VANTAGE OF THE ROAD TO
TUE CENTRAL.

JuB CEN hAbs
Tho arrival Of Chauncey NJ. Depew. president Of the
New York Central Railroad who is expected here to-
dow ON the steamer Teutonic will probably mark
another stage in the progress Of the work Of the New
York Csntral TO make itself the supreme power In Ie
,vav systems Of this state. There is strong ground
~ heIieving that the Central has determined upon the
acopisltiop of the Eew-YOrk ontario and western
Railroad and that the negotiations preliminary 10 tnSt
end have gone so far that IL is only question Oh
cornparatvely short time when the ontario ROAD VIII
fall into the hands Il the greater corporauOh' lhe0
aro many details 20 be arraDg ged and tle tTanSactoh
* one which is likely TO he embarrassed by excessive
,,ucitv but the indications are strong that the con
,mrahon Of the dealn Is not far away. AS far BACK
nc March The Tribune, in commenting on the lease oil
tho Rome Watertown and OgdensbuIg rad 70 uie
Central said AT first glance the trtnsaouoh .'iSn'
he looked upon as blow at the Ontario ROAD Dut rr
road men who have studied the situation are eohnoe'
that the logical result of the Rome deal VIII Oe ''e
ultimate transfer Of the control of the ontario roao
to the ewYorl Central Since that time there have
been incidents which point to Fastening OF the Deeo
tatioas designed for the purpose
r. is understood that President Depew has hao III
erestlng consultations while abroad with the CreHh
holders OF ontario and Western stock Inc locI Sae
Cornelius Vanderbilt has not accompanied mr. D'P0"
hack as was the original intention Of the two inei'
lands color TO ii theory that Mr. vanderbilt may de-
samuel Parton director Of the ontario road and in
innate with the Vanderbilt family. has been in sara
sogg. ehruuh sile summer hhomAs H. FO"'ea'
the p,esident of the Ontario road. has been
m there for some time, but it is understood
that he has not been too sick 10 COLsnlt NIui
Mr. barton. Mr. Fowler returned from Europe
early i'm the summer and has doubtless been aoe 10
assist at any negotiations which may have been con-
ducfod after Mfr Vanderbilt AID Mr. Depew arrived ON
the other side. Mr.. Barton IS expected In thlS cOy
tod day but he is not likely to shDw anxiety 10 Us-
close the exact progress which may have been naue
on his part in the negotiations. Mr. Barton haS Oeol
working for q long time 10 bring about the aOsorpuon
Of the ontario road by the Central and his prominence
at the present uncture of affairs may incline nun ~
secretvcness.
There are strong reasons why the ontario road soum
pass into the New-YOFk Central system The lorlher
road has contract with the West Shore by wmch IL
rses the West Shore tracks from Cornwall to Wee
hawken, the rights being secured until May l., -o'''
Wilde the ontario possesses the privilege Of terminating
the agreement after May Il, 1880 This contract is
one that might be utilized greatly to the disadvantage
Of the Central in case hostile interests secured conuoi
of the Ontario and Western. There are also posi-
biIiies OF convenient extensions from points on the
Onario's leased lines into the region which the Cen
trail hoped to make secure by It's purchase Of the control
Of the Rome Watert0Wn and Ogdensburg Railroad
The basis of the deal between he New-York Central
and the Ontario road will doubtless rest upon Gas
sfcaon of the present stock into preferred ana com
mon. That project has been un0er cOnsiueIaVOh ~
the owners of control OF ontario ara western iVI
months past the object being 10 afford an OppcrWllS
for the distribution OF surplus plOhls WlthouV
resOrtng 10 Insignificant pay yment npH the PreohU
rehabilitation. Perhaps the possibility OF hh'hcinS
this arrangement may lena al auuIuOHal a'""N'io ~
he York Central.