The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1892-03-17
THE Bs&O. SCOOPS Their. &D.
Gavin Brice and General Thomas Left Out
$40 in the Cold
Big Deal Making a Consolidated Sys-
tenn of Over $1O,OOO-Rumors That
the B. & o. and Reading Will Lease
the N. & W. t2s

| tenn of Over $1O,OOO-Rumors That
the B. & o. and Reading Will Lease
the N. s. W.
A RICHMOND TERMINAL DEAL.
NEW York, March 14.-Another
turn of fortunes wheel. Brice and
Thomas, the great railroad manipu-
lators and wreckers, have been
scooped themselves.
The Richmond Terminal, the greedy
absor bent of southern railways, has
been absorbed itself.
It's stock was IA S sturday. To-
day it reached 154. The Lord only
knows where it will be before this
time next week.
The control of the Richmond and
West Point Railway and Terminal
Warehouse Company has passed in
to new hands-or rather, perhaps,
back again into old hands. On Mon
day the railroad map will change,
and the sun will set on a gigantic
system reaching from New York to
Greenville, Miss, and St. Louis, ra-
dating in every direction over the
eastern and southern half of the
United States.
The Baltimore and Ohio has long
been quietly buying Terminal stock.
Its last purchase was the large block
held by John Inman and his friends.
That gave the Baltimore and Ohio a
majority, and it adds 5000 miles of
railway lines to it's system.
The Richmond & Danville, the
Georgia Pacific. the East Tennessee,
the Queen and Crescent, all pass into
new hands.
And the Central of Georgia will
be dropped out to shift for itself, but
the Central will be able to care for
it's own affairs, no doubt.
The Royal Blue Line looms up,
for the Jersey Central and the Read
ing are also included in this great
deal. Only few weeks have passed
since the Philadelphia and Reading
leased the Lehigh Valley and the
Central of New Jersey. All of these
too, are scooped by the Baltimore 6
Ohio. And a mammoth consolida
ton will take place
John Inman will retire from the
presidency of the Terminal, and W.
S. Oakman, formerly yice-president
of the Richmond 6 Danville, will be
made president.
The mileage Of the new consolida-
ted system will be about:
Baltimore and Ohio .................... 1850
Reading and lesaed lines observation-disclosures. 2,700
Richmond aud Danville, East Tennessee
and Georgia Pacific. $500
Total. I0,S50
THE RUMORED &W DEAL.
An afternoon paper says: 1t was re-
ported to-day that negotiations
looking to the leasing of the Norfolk
and Western railroad by the Reading
and the Baltimore and Ohio Railroad
companies are in progress and that
they will probably be concluded with
in a few days.
THE RUMoR DOUBTED.
The report attracted considera
BILE attention; although it found very
few believers. The Reading officials
who were spoken to regarding the
matter had nothing to say and the
officials of the Baltimore and Ohio
and the Norfolk and Western Rail
road companies could not be SEEN
President kimboll, of the Norfolk
and Western, was out of town, and
the directors who were seen said that
they knew nothing whatever about
the matter, and that they did not
believe there was any foundation for
the report. The Norfolk and Vest
ern has recently been making extern
sive connections, having leased the
Lynchburg and Durham railroad and
the Roanoke Southern road, which
gives it connection with the Seaboard
Air Line.
| IMPORTANCE OF THE DEAL TO THE
READING
The Norfolk and Western would be
an important connection for the
Reading, on account OF the immense
quantity of bituminous coal in hand
les. The control of the coal output
on it's line would enable the Reading
to keep its rivals in the soft-coal bus
mess in check.
THE RUMoR DENIED ABSOLUTELY.
PHILADELPHIA, March 14-Presi-
dent Mcleod was seen yesterday eve
ming, and denied absolutely that the
ReBding had leased the Norfolk and
Eastern. Mr.. Mcleod supplemented
his denial with the statement that he
had all the business on his hands
now that he could attend to without
getting any more.