Freeland tribune. (Freeland, Pa.) 1888-1921, 1899-11-02

Rumor Has II That the Delaware, Lacka-
wanna and Western Railroad and the
Baltimore and Ohio Reorganizers Are
After the Coal Road.
There has been much speculation in
railroad circles during the week as to
| the outcome of the rumors to the effect
that the d. l.. & w. is about to absorb
the Central Railroad of New Jersey. In
spite of the denials by some officials and
the refusal of others to speak many
have believed that the deal will be con-
summated. The following, however
from the Philadelphia Press adds another
phase to the rumors:
''It was stated on Friday that instead
of the Delaware, Lackawanna and West
ern Railroad Company securing con-
troll of the Central Railroad Company
of New Jersey, practically this road
has been acquired by the syndicate
which secured the Baltimore and Ohio
Railroad. When President Hill, of the
Great Northern, and others secured
control of the Baltimore and Ohio from
the Morgan party, it was with the view
of having through line from the
Atlantic to the Pacific ocean. and it was
tated at this time that overtureS were
made to the owners of the Central Rail
road of New Jersey.
while nothing official has been
stated in regard to the deal, it is the
belief that these two companies will
work in harmony rha
quence of securing the control of the
Baltimore and Ohio Railroad would be
the acquisition of road which had
terminals in New York This the Jer-
sey Central has, and it's river front
property in Jersey City is very valuable.
"While there has been considerable
talk and rumors in relation to the
Delaware, Lackawanna and Western
Railroad Company securing the Central,
it is stated by the officials of the former
company that no oyertures have been
made nor are likely to be, and it is
believed by many that while the Jersey
Central would like the Delaware,
Lackawanna and Western to lease it
at a guaranteed rate of dividend for a
number of years, there would be no
object in doing so, as the Central Rail
road of New Jersey, outside of its
leased lines, practically runs nowhere.
1t is a coal road to certain extent, as
is also the Delaware, Lackawanna and
Western, and there would be nothing
gained in securing the property.
mn int oI thnt IN hn
Delaware, Lackawanna and Western
was after the Jersey Central was protec-
tion, as the New York Central and the
Pennsylvania Railroad companies are
working in harmony. All the lines at
the present time are maintaining rates,
but in times of dullneSs it is not known
what some of the roads may do, al
though it is believed that the two great
railroads of the country will work to-
gether On this account it is stated
that the control of the Jersey Central
is desired by the Vanderbilt party,
which is factor in the Delaware,
Lackawanna and Western, so when
business was dull it would prevent the
Baltimore and Ohio from coming to
New York unless it lived up to its
agreement. For this reason color was
given to the report that the Vanderbilt
party was after the Jersey Central.
For this reason alone it is thought
that President Hill, of the Great North
ern, and his conferees have taken an
active interest in the Jersey Central,
and they have looked far ahead for such
an emergency, and while nothing has
been done toward the leasing of that
property it is believed that certain ar
rangements have been made which will
be binding for long term of years.
1t was rumored also that in case of
any difficulty between the Vanderbilt
and Morgan parties the Jersey Central,
which contemplates building line to
Princeton, could extend it further south
and the Baltimore and Ohio could build
from this city to a connection with it.
1t is thought, however, that everything
will be satisfactory and that for some
time to come there will be no cause for
war between the conflicting parties,
although the policy of late has been for
all the railroads to consolidate, and it is
likely that President Hill has mapped
out this plan and is ready to put it into
execution at any auspicious moment"