The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1891-06-26
Important Railroad Movements in Pro-

Important Railroad Movements in Pro-
gress.
As foreshadowed in The 1Egis Of May Goth
preliminary steps were taken, in Bel Air,
last Saturday, at a meeting of the stockhold-
ers of the Deer Greek and Susquehanna
Railroad, of which Mr.. George NJ. Jewett is
President, for the formal consolidation of this
road with the Baltimore and Lehigh, former
ly the Maryland Central.
There were present at the meeting, besides
the President and directors of the Deer Greek
and Susquehanna, Messrs. NJ. II. Houseman,
representing the Baltimore and Lehigh, and
John Henry Miller, the contractor for build
ing the Deer Creek and Susquehanna from
Bel Air to Stafford.
The preliminary agreement states that the
Deer Creek and Susquehanna Railroad Com
pany has an authorized capital stock of
So, 625, 900 and an authorized issue of bonds
to the extent of $2,500,00O.
The Baltimore and Lehigh, the agreement
states, has an authorized capital stock of
So, 900.
The name of the consolidated corporation
is to be the Baltimore and Lehgh Railroad
Company.
The officers named until the first annual
election shall be held on the Sd Monday of
Tonporv 1900 orc 90 followa.
President-William Gilmor, Baltimore
Vice President, George NJ. Jewett, Chenille,
Md. Directors-Hugh B. Jones, Baltimore !;
Charles R. McConkey, Peach Bottom, Pa
George M. Jewett, Chenille, Md; James
Lee, Churchville, Md; George E. Silver,
Deer Greek, Md. Winfield j. Taylor, Bal,i-
more Samuel h. Crawford, Pittsburgh, Pa;
Warren F. Walworth, Cleveland, Ohio.
Secretary--John K. Shinn, Baltimore.
Treasurer-Fridge Murdoch.
1t is provided by the agreement that the
capital stock of the consolidated corporation
shall consist of $6.000,000, in shares of 800
each, the consolidated company to have
power to augment the said capital stock at
any time.
To the holders of the capital stock of the
Deer Greek and Susquehanna Railroad Com.
pany there shall be issued in or exchanged
for said capital stock, an equivalent amount
at par of the capital stock of the consolidated
company.
The consolidated corporation is authorized
to issue its negotiable bonds, of the demon
ination of $1,000 each, 10 the number Of
$500, secured by mortgage upon its fran
chises and property.
| The consolidated corporation ia required
within reasonable time, to complete sub
stantially as now located, that portion of the
consolidated railroad known as the Deer
Greek and Susquehanna Railroad, and when
completed operate the same, affording rates
and service both for freight and passenger
traffic equally as favorable as shall be afford
ed to the other portions of said consolidated
system.
An agreement was also concluded at the
same time, by and between the Deer Greek
and Susquehanna and the Baltimore For
warding and Railroad Company, under the
terms of which the Construction Company
agrees to complete the construction of its
railroad between Bel Air and Stafford, and to
further extend and construct its railroad
southwark from Stafford to tidewater at OF
near Havre de Grace; and also to extend its
said railroad westward from Bel Air 10 con-
nection with the Baltimore and Lehigh, as il
may hereafter be located.
In payment of the contract the Deer Greek
and Susquehanna Railroad Company agrees
to deliver to the Construction Company
46, 500 shares of the capital stock of the rail
road company, and fifty year five per cent
gold bond, to be issued in the name of George
M. Jewett, trustee. This bond is hereafter to
be exchanged for $1,000 bonds. The latter
can then be put on the market.
This agreement is signed by George N
Jewett, President ofthe Deer Creek and Sus.
quehanna Railroad Company, and by John
K. Shinn, President pro tenn. of the Balti
more Forwarding and Railroad Company.
Mr.. Jewett, since the inception of the pro-
ject has labored steadily to secure the Deer
Greek and Susquehanna Railroad. The en-
terprise was beset with difficulties, the chei
of which was the want of sufficient funds to
complete the road. The amounts first sub
scribed were absorbed in securing rights OIL
way, and to complete the road it became ne.
cessary to procure capital and interest else.
where. A contract to build the road was
first made with Mr.. John Henry Miller, Of
Pittsburg, and work was begun. The atten-
tion of capitalists of Ohio and Pennsylvania
was attracted to the enterprise, and the next
important result was the reorganization Of
the Maryland Central and its consolidation
with the York and Peach Bottom Railway
and its adjunct, the branch from Delta to
Peach Bottom.
The next move, on the part of the capital
lists interested, was the Belt Line Railroad,
without which the Baltimore connection
would be practically valueless. This project
after much litigation, was finally gotten
under way and is now being pushed forward
with great energy.
The Deer Creek and Susquehanna appeared
to "hang fire." but Mr.. Jewett, with deter
mination, zeal and energy deserving of the
utmost praise, after weary months of labor,
at last hopes to succeed in combining all the
interests engaged in the various railroad en-
terprises named, and we may now expect
large results from his work.
We present to-day map of the road, as
finally decided upon. It will be seen that it
includes the shortening of the Baltimore and
Lehigh to York by cutoff extending from
Baldwin station, four miles south of Falston,
to Sharon station two miles north of Forest
Hill.
The contract, however, requires the build
ing of the Deer Greek and Susauehanna, from
Bel Air to Stafford, and this will be done, on
the line laid down by Engineer B. E. Cutler.
The connection between the Deer Creek
and Susquehanna and the main line of the
Baltimore and Lehigh will be made by the
construction of a connecting link from Wat
ervale station, % miles south of Bel Air, to
Pleasantville, on the winnings Valley Cut
Of, following the course ofWinter's Run.
This arrangement might compel the aban-
donment of the present line from Sharon
south to Bel Air, leaving out Forest Hill and
Bynum's stations, and from Baldwin north
to Watervale, leaving out Fallston.
The consolidated company, however,
bo 10th nc apu o4hor oo,,, na 49,,