The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-06-30

r. NJ. Olyphant, of New York. and
II. G. Young, Of Albany, president and
vice-president respectively of the Della
ware and Hudson company, arrived
here yesterday on their annual tour of
inspection and are stopping at the Jer-
myn.
They came over the Erie to Homes
dale and thence by the gravity to Car
bondale and on to Scranton, arriving
here late in the afternoon. Today they
will inspect the company property
hereabouts and, this evening, proceed
on their way to Albany, making inspec-
tions as they go along and consulting
with the various division officers.
Superintendent G. X. Manville, c. c.
Rose, head of the coal department, and
]. II. Torrey, the company's local legal
representative, conferred with them at
the Jermyn last evening.
To Tribune reporter Mr. Young said
the visit had no special significance,
being the customary annual trip of the
president and vice-president over the
company's various lines.
DOES NOT KNOW.
Asked concerning the probability Of
railroad being constructed along the
bed of the canal Mr. Young said: You
know as much about it as we do. We
sold the canal at a good price and the
purchaser not vouchsafing any infor-
nation as to what he intended to do
with it, we thought it was not our
place to ask"
The Wall Street Journal of yester-
day contained the following:
The Delaware and Hudson Railroad
company is said to be able to deliver
coal at Albany or tidewater since the
abandonment of the canal at Roundout
at an actual saving OF 40 cents per
ton to the company. This saving comes
from changing their old methods to
modern ones and the economy of hand
ling from cars to boat and from boat
back to cars or docks. This great saw
ing per ton will show in the aggregate
very handsome net returns to the road.
We hear that arrangements are being
made for a trip OF inspection over the
Delaware and Hudson railroads by the
Vanderblts and their representatives.
Although the Nanderbilts are large
owners of Delaware and Hudson, this
trip is looked upon as of special signi-
1lcance at this particular time. 1t is
thought also to be the basis, in a meas
ure, of some Of the recent large buy
ing of Delaware and Hudson stock by
houses with good Vanderbilt informa-
tion.
Mr.. Young had read the article, and
when questioned concerning it, said:
"As much of it as relates to the saving
resulting from the abandonment of the
canal is true, but the latter part of it,
dealing with the proposed trip of the
Vanderbilts, conveys an intimation that
is pure manufacture. 1t is a clear
case of someone having nothing to
write and writing it,"
ROAD OVER THE MOUNTAIN.
The following story was sent out last
night by the Associated Press:
Honesdale, June 29-Thc Erie and Del
aware and Hudson companies have
reached a working agreement. The Del
aware and Hudson will begin imme-
diately to build a steam road over the
| Moosic mountains from Waymart to Car
bondale. The Erie and Delaware and
Hudson roads were Joined at Honesdale
this week and today President Olyphant
and Vice President Young came from
| New York via the Erie and were the first
to ride over the Joined section of the two
| roads.
They announced that a union station
will be built in Honesdale Immediately
and the Delaware and Hudson coal will
| be run to tidewater via the Erie road
| The road between Honesdale and Way
mart will be Strengthened and Shepherd
Crook will be displaced by a switch
back. The grade from Carbondale to
| Farview is about fifty feet to the mile
| Vice President Young could give no in
| formation as to the future of the aban.
| doned Delaware and Hudson canal. He
stated that it had passed entirely out OF
| the hands of the company and in his
| opinion nothing would be done with it.