The Providence news. (Providence [R.I.]) 1891-1906, 1893-11-13
M'LEOD BOBS UP.
THE NJ. Y. AND NJ Il. NdPOLEON
WILL MEYER sURRESDER.
The New England wni Continue TO
Handle Coal For This Section, II Mr.
Mcleod Carries This Deal Through.

NEW YORK, Nov. IL Last week saw
the New York aud New England railroad
apparently "bottled up" in It's own mar
row local territory between Boston and
the Poughksepsie bridge, but Mr.. Mcleod
has not lost every string TO his bow yet.
One good one west Of the Poughkeepsis
bridge Ia still left. and new alliance may
be completed any day.
The 81 cret that the Now York, Susque-
hanna and Western officials have been so
carefully guarding as Of great benefit TO
its stockholders Is out NEGOTIATIONS be-
tween the New York aud New England
fe9ple aud the -Susqrehanna- are under.
stood to have been under way for "A week
or more. For greater secrecy and 10 pre-
vent the New Haven officials from hear
ing about IL, the officlals OF the Pough-
keepsie bridge system OF the Pennsylva-
mia, Reading and New England railroad
have conducted the negotiations for Mr..
Mcleod.
Mr.. Mcleod now controls the bridge
system, which extends from Campbell
Hall, west OF the Hudson river
to Hartford, Conn, and to Hope
we'll Junction, where IL meets
the New York aud New EngIand railroad.
The Susquehana people are as ready for
the new alliance as the New York and
New England, for it will give the Susque-
hanna an outlet into the vast territory of
New England for all the coal that It Gao
mine. except what IL brings to tide water
at New York.
Negotiations are said 10 have progressed
so far that 1t is now simply question of
agreeing upon a division OF the rate. This
means a great deal to the Susquehanna,
especially since IL would enjoy nearly a
monopoly Of the east bound traffic over
the bridge in view OF the freeing out"
in which the other connections OF the
New England company are engaged 10.
The New England wants coal, and il will
take all the Susquehanna sends it.
The Susquehannas new road into the
coal rezioos. extending from ftrouds burg
to Wilkesbarre. called the Wllkesbarre
aud E.stern, was completed in Sep
tember, and IL Is now Ia Opera
tion. The SusquehaSna formerly brought
all of it's coal over the Delaware, Lacka-
wanna and Western to Gravel Place. Pa,
aud when 1t reached HobokeD, handled
it at the Lsckawanna's piers. 1t
still handles it's coal there and
receives some coal over the
Lackawsnna. IL has a new freight
.te rminsl of its own opposite One Hun
dredth street. reached by the tunnel
through the Palisades, which will not be
completed until next year
The Susquehanna has everything to
gain aud little or nothing to lose by an
alliance with Mr.. Mcleod, who has un-
doub,edly offered 1t handsome share Of
the rate.
Unlike other big trunk lines in New
Jersey the Susquehanna up to this time
has been a purely local road. and it's traf-
fc has not depended upon interchange
with its neighbors. Toe scheme to send coal
and any other freight that 1t may have
over the Poughkeepsie bridge to the popu-
lous towns OF New England will lie so
much new business.
There is believed to be no mysterious in
f,uence which the New Haven magnates
can exercise over the people ia control of
tns Susquehauua railroad, as
has lssn the case with every
other big system in New Jersey
and leading mp to the Pou1hkeepsie
bridge. The Susquehsnna officials are
"out" for any alliance that will increase
the revenue OF the road. and hence the
chances are that the proposed deal with
Mcleod will pan out"