New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-02
THE STANDING OF D. AND H.
Is THERE A NEW DEAL UNDER WAY?

ASSERTIONS THAT THE coMPANY's OWNERSHIP
IS MODIFIED BY AN ELEMENT FRIENDLY
TO NEw-YORK CENTRAL AND ERIE.
Tho position Of the Delaware and Hudson Canal
Company IS shr0udcd In mystery, owing to the con-
Glcng statements which have been made regarding
the recent purchases OF It's stock In Wall Street. Of
fetal dcia!s have been gwen by both the officers Df
the company and those Of the companies in whose In
tcrcst il has been asserted a change Of control
being accomplished These denias have been ac
ceptel rs technical and have not served to any
piclon that the Delaware and Iiudson's railway sys
TEN had been secured by other corporations. Yes
tcray 1t asserted by men usually we'll informed
that a new deal had been virtually cOnSummatcd
by which the interests Of the Delaware and Hudson
lad been consolidated with those Of the New York
Central and the Erie. No pretencc made Of de-
scrbing the exact nature OF the transaction and it
declared that the last steps had necessarily
been taken but the essential fact was regarded
complishcd. Dow, Jones a CO.'S Wall Street Jour
nalT went 50 far to Issue the following statement
I've are told by tru wor by authority that Delaware
and Hudson has passed into the control Of the Wander
bits and the Erie. We hear that Mr. Morgan brought
about the deal being friendly to both parties. The
details may not be completed, but the matter Is
arranged
When J. Pcrpont Morgan asked respecting
this statement he declared that he knew nothing
about IT, Some pcrsOns interpret Mr.. Morgans reti-
in the light # the silence nc maintained before
the Reading deal with Lcigh Valley and jersey Cen
trail had been fully contaminated. Those who combat
the idea that any important change has occurred In
he relations between the Della ware and Hudson and
the VANDERBILT system urge the imposAblity OF pur-
chasing any important block pf Delaware and lIudeon
stock, either the Stock Exchange or ar private
sale. II is held that the ownership is too widely
scattered on tic other hand it IS contended that
much smaller accumula ion Of stock than IN inc case
IT other properties would be needed 20 bring about
lease Of Delaware and Hudson, or TO secure suhcehU
representation I'm the management to effect an under
sanding which would produce practically me same
effect n a lease OF the current rumors credits
heavy purchascs Of the stock to the Maxwcll-Baker
party now represented in Delaware, Lackawahha
and Western, rs well controlling The jersey
Central This report has also been
denied. although no explicit denial could be secured
of the possibility Of the Reading combination securing
places on the Delaware and Hudson board
Robert VI. ELEPHANT, president of the Delaware anu
Hudson yesterday denied that there had been any
,e,sc ~ the companv's lines to other companies. IT,
Walter Webb third vice president OF the New forK
Central who returned from Albany last night also
stated that In, Central had not leased the Delaware
aud Hudson and was not negotiating ior ic"'c.
II Is believed By those who assert that II ne" ucai
Ias been practically accomplished that lease Is not
necessarily present part Of the scheme Inc i"h-
p,rtiut point which IL IS claimed has been carried Is
The securing OF sufficient Delaware and HUDSON STOCK
bv combination friendly 10 both the New-fork Cen
trail and the Erie roads to give The two last named
companies a controlling voice In tho management OF
tie former ont Of tbs condition Is expected 70
grow future arrangements which will bring the three
IS, stems rinrc cR~ely INTO harmony OF operations
y /, generally believed that people il'hdIl 10 mo
Vanderbilt properties are the most prominent IN ue
transaction which T. said to have been virtually com
nc,ad but il /, believed that the Interests Oh inc
f:lic ar fu!y projected. ,, ,o,ood
The officers 81 the Delaware and Hudson declared
n, evening that the road had not passed ont Oh te
control OF IL, present Infringement, ana that uneTo
VA, not any intention that II Shouh. g..
q" Tho activity Of Delaware and Hudson Stock sald
Robert " ELEPHANT. president OF me road i que 10
lis worth The stock l. good and the people "ahteu
il n wa, bought. The Erie Ia, not got control OF thc
Delaware and Hudson neither Ia, "a" Nc"-i Ork 'cI-
trail ~ - company !, Just - II has been lor some
linn. and a, u.inc,, l. good. there VIII not be any
change Tie people who started the rulors about te
sn or lease OF tn" road did To benefit themselves no
Doubt There certainly no reason Tor the r,iihoIs
PHILADELPHIA March l.-Dcsptc TIE dehlnis 'iiio
have hcrn made the great advance OF the STOCK Oh INC
Delaware and Hudson T. looked on here among bankers
aud broker, ~ Indicative Of combination OF some
hind II WI, asserted that the Delaware ana tucson
Cnmpany would De- operated In harmony WIN me
pcadng Lc-igh Valley. Jersey central ana ischa
wanna .v-tsn, and that the clmbinntion wouIn cnu-
,rol nearly the entire anthracite coal output Oh u'e
country.