The sun., 1891-03-15
NEWS OF THE RAILROADS.
ruE CENTRAL CAPTURES THE RoHE.
wlTERTOWy AND OGDENSBURO.

..,,hsrn New York came to an cad yesterday.
.u., a long and exciting contest The crisis
80 reashed Yesterday about the time that the
.,on, Of tho Rome. Watertown and OGdens-
,rr, Railroad jumped up II points-from 113
.a,Ss Atli A NJ, 1t passed into the control OF
~. Nav York Central and Hudson River Rail-
.aad Comprny The papers we're signed for .
s.rret .., mi ase OF the n. w. and o. system to
,hs Central. thus putting An end. for time at
i.ast TO parallel schemes In northern New
vo,t. which have kept several towns up that
.,y OK tied for months By the idea that they
- IA 10 become railroad centres. Watsrtown,
..nscially. ha, been o scat OF war between the
c.n,r.l r. W. and O.. and Corbin's project to
gain the ascendancy.
s.,opd Vice President Charles Parsons, Jr..
=, the Rome. WATERFOWL and Ogdensbu re
i.sued this statement yesterday afternoon con.
earning the terms O. the lease:
"Yesterday. March Is. the Board Of Dirsc-
,o, Of the Rome. Watertown and oedsnsburR
p,ltoad Company declared = stock dividend OF
% p.r cent. upon the amount Of their outstand.
irr eapitsl stock. payable to stookholdsrs Of
and property OF the Rome. Watsrtown and
0od,psburs Railroad Company. including its
i.nsed lines was to-day leased In psrpstuity
10 the New York Central ana Hudson hivsr
Railroad Company. upon terms uhler which
The lessee company absolutely assumes all
GIsd char. e- and liabilities 0i ever, kind aud
nature whatsusvsr Of the Rome. watertown
nd SoiSs %
an each certificate OF stock) 3 per oent. per
pnu pa!aSs SSaIttsry 0p W lSth dsyF q
psr cent. guarantee Is upon the increased
SosE. .ho rental being equivalent to s per
cent. upon the present % " o. stoek; SiI 49,. -. nm. ,.u
.,isr nor the he" close q the ssook E!ehaase: spd
quite Is many who tried to account for ,hs
ss. % III IL. q saS saas sona s.s sefs
But nobody ieit sure that : sale had been
II FsSss Ssso wSo@ @ Sun reporter talked With con.
sidered i an unusually good .aEesln for the
sSss s,GssaGa e part Of the mssters .. tho deal
Probably T. cap oIy 6e SsD SSsDfHnsd HnrT. ths sup
.ss Esns has 10 . Been II New YORK ssysr. m.s q
H. and sH ss 10 ,hs oS 70
sure. g a. T. preserve r. tho bal balance Of power
Nv Yors last W week from Tuesday M until last
night. when, the battle being over. he returned
Others think that the vandertilts have
Canadian Pacific. By which the latter win get
valuable traflle facilities fer reasonable con;
derbii.s would not give SO much ior the Rome
sSs ana Es rln R"s psr. nsa sss
that territory. Otherwise the Central could MT
AFFORD 70 G4rry o toe a%o Rome road with bonus and
The attitude Of the Canadian Pacific will be-
come clearer in time but there are two other
parallel schemes On foot not SO ioEmideble.
srsi weeks ago President TI9mas r. Fowler Of
the. New York. Ontario and Western Railway,
which relies upon the Rome road for it's outlet
k,. said tho
got the Rome road the ontario and Western
S bSss ST. OF The
tion TO that effect at the last meeting. The On
sSs @ ovo1 ss f. % q soTs ,5s y
wall
"A AIroths. r parallel ssqheps. which Austin Cor
ess aReS M
E S EGHe nss ss * s s asas q a IL some Of the
York ssa Rems 'Ss: es
e Ss ~
tnow proves to have been. were interesting:
s s se arsnd q s R9P .cS mcS %bss
s ae0H. Va .sf%
and saet RIVE road 10 CLAYTON. eu.ti1s Into
the most valuable business Of the Rome sys-
tenn. tho Rome road protected twenty; i've
east. bound business. They Kept up tho IT.
p. 0f s Sans Ss:f 81 n2M III a
NJ weSSs ios'!e sleigh ride over tho
sM rSSs sss ssss
so"vneSd H. as:G TIA. b. tie
snow was of the ground.
The Rome directors had q meeting at Presi-
dent rarsons's house on Friday night. and dc:
turn over tho road. The Central people were
apErised OF the meeting and Of Mr.. Parsons's
Wh him. Ell sss act Seff o
treasury a stock dividend OF 70 per cent. on
Central The tloubie oi handling It. This viii
ssSsnsidsrne 81 , tho length Of the road. which is
n The Lease WAS agreed to BY the New York
Sentral at The regular meeting Yesterday. and
Was vf,s.s.s ssesu.od by both parties Immediately
The Rome, watertovn. and 0edensburg
sssher oest ,s.m S1s bsne RsS he
nlleR from Suspension Bridge to Masson8
septines near the northern boundary line Of
.nin state following Iuiie closely the southern
Snore OF Lake Ontario as far ns Oswego. The
most important OF the branches. which reach
ont TO the Adirondack Mountains on the
thne Thne sue and to the st. LAwrencS, on
fhaaalir9ad faa $40 miles long. The totsl mileage Is
rd pds ,ni,es. ~ nesting the New York Central Rail-
T,u hSau 81 lsochester. Syrncuse, ROme. and Uttoa.
jLae SeW York, Central, including It's present
leased lnes. ha. 1.42O miles. ana tho Rome
eySS,em Will increase 1t to 2.O63 miles.
che ne new nc, ession will give the New York
SSentral an additional through line between
ZONE ~ a., and Suspssnsion Bridge. Tho Central.
x 'indlng the West Shore. previously had
~ 90 separate lines etween Syracuse and
@ @pmn"lo and Suspension Bridge The Romo
doha WI make fourth. II will give tho Van
11l..ts control OF he rerrito,y north Of the
ksTn.lai and OF northern New York west OF the
Tho balance sheet OF the Rome road for
ine i6a s9a S las showed capital stock Of t8230.-
;unIa IIndst debt oitl2s72oSo The latter Of which
ufy ss. az ptoft and loss account OF 1852 ?ss
snsnna snanna ana Western nee pie had control OF the
the Y different interests the Parsons family took
pendent ever since.
WI W. 10 rumored In Denver that the Rio Qrands
t,e tn,estHern In order TO secure a shorter line to
Ma fartilc coast, ia negotiating for the pur-
NuhNe OF th6 Oregon Pacific road which is pro.