The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-02-20
A GREAT SCHEME.
The Secret OF Jay Gould's Visits South
as Given by the New York Sun.
THE RESULT STILL UNCERTAIN.
New York Sum-

(Ecw York Sum-
The Sun is now able to lay before its
readers the full particulars Of Jay Gould's
scheme for a colossal railroad system,
reaching from ocean to ocean The Sun
last week described the plan of Mr..
Gould and Mr. Huntington to Unite the
great Southwestern roads under one man
agement. amounting to consolidation,
and Mr.. Gould's deal with John H. Inman
to consolidate the Richmond Terminal,
Louisville & Nashville, and everything Of
any account south Of the Ohio river, with
probable alliance of these roads with
the Baltimore & Ohio to gain an entrance
into New York. The two systems East
and West Of the Mississippi river were to
work in harmony as u great Southern
Transcontinental route This was only
half the story. Mr.. Gould's full plan is
far more comprehensive. 1t includes en-
trance into Philadelphia and New York,
|
the Ohio river, affording entrance into
Chicago, Pittsburgh and Western New
York, and a series of routes North and
South. This is the reason why President
Roberts of the Pennsylvania system was
disturbed by Jay Gould's trip South and
challenged the Gould-Inman party to get
the Pennsylvania into hole. Mr.. Gould's
combination will be the biggest kind Of a
competitor to the Pennsylvania railroad
paralcling it, surrounding it, and crossing
it again and again.
The acquisition of the Pittsburg &
Western by the B. g. O., which was an
nounccd last week, puts the latter on an
equality with the Pennsylvania road in
Western Pennsylvania, besides shortening
the B. s. O.'s route to Chicago. Appear
ances point to the B. g. O.'s acquiring the
Western New York and Pennsylvania
road, which meets the Pittsburg Il Wes-
tern, and would let the B. & o. into Wes-
tern New York in competition with all the
other trunk lines. 1t isn't certain yet
whether Mr. Gould's plan is for the B. &
O. to acquire the Western New York 4
PENNSYLVANIA or to effect traffic arrange
ment with it.
These deals North of the Ohio river
will make the Gould-Inman position i'm
pregnable in competing with the Pennsyl-
vania and the New York Central With
out this arrangement the Pennsylvania
would have an opportunity to pinch the
Southern roads at the Ohio river on North
and South bound business. Mcssrs Gould
and Inman were shrewd enough to see
this, and to forestall the Pennsylvania by
a strong combination North of the river
President Inman of the Richmond Ter
minal returned yesterday from his trip
South with Mr.. Gould, and he gave the
afternoon papers glowing accounts Of
the progressImade in the "traffic arrange
ments" that are under way between the
Southern lines. He also limited that the
Richmond Terminal would secure a new
entrance into New York in place Of the
PENNSYLVANIA Railroad, "but'he said, ''we
shall not buy nor build" Then Mr..
Inman went on to say how much they
thought of the B. & 0. route from New
York to Washington, and how easy
it would be to connect that road with the
Richmond & Danville by bridge across
the Potomac and few miles of track to
the West of Washington. eyes, we shall
have more direct and better route to
New York" said Mr.. Inman. A change
of traffic relations from the Pennsylvania
to the B. l. O. was suggested, But Mr.. In
man would not affirm or deny that such
change was contemplated. Nobody
thought Of Mr. Gould's putting the B. &
O. into his pocket, thus completing his
transcontinental line from ocean to
ocean.
If Mr.. Gould takes the B. g. O. lie will
undoubtedly make strong line OF it,
sending over it all the business he can.
The Missouri Pacific will turn the bulk OF
its freight Southeast over the Richmond
Terminal, and the latter will swell the
volumes of business that will pour East
into Philadelphia and New York, and
the great influx will enable the B. & 0. to
put its roadway into perfect shape.
The original plan was for President
Eckstcin Norton of the Louisville x Nash
vile railroad to go South with Mr.. Gould's
party But the Tennessee Legislature
is preparing some ugly bills against rail
road consultations, and he thought it
wiser not to invite hostile legislation by
making one of the party. 1t may be said
further that negotiations between the l.
& n. and the Richmond Terminal are
slumbcring for the present, in view OF the
attitude of the Tennessee Legislature. But
Of the intent of the two companies to work
in harmony there is not the slightest
doubt.
1t is said on good authority that the
connecting link between the Richmond
& Danvlle and the 3. & 0. will be built
as soon as possible. Until then the
through passenger connections OF the two
= systems will not be made.
The Philadelphia and Reading and Cen
trail railroad of New Jersy are interested
t in Mr. G0uld's transcontinental scheme
no more perhaps than is required by the
present traffic relations between the B. 4
o. and those companies, which are adequate
for Mr. Gould's and Mr.. Inman's purposes
AS already stated certain Reading people
are III the Bacon syndicate, which con-
trolls the 3. L. O. stock. The completion
of the Readings elevated system in Phil
adelphia and the belt line Of the B. l. 0
in Baltimore greatly improve the new
line between New York and Washing.
ton.
i When the Sun described Mr.. Gould:
plan for uniting the Southern Pacific
f Atchison, and Missouri Pacific, it gave
some big figures of capitalization anc
mileage which have never been approached
These roads have 20,509 miles of track ant
capitalization Of $257 ,239 900. MrGould'.
complete scheme nearly doubles these
i figures He draws q line across the coun.