Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1900-12-03
SENSATIONAL RUMORS
Are Rife in Railroad Circles at
Present.

Reported Consolidation OF the Pennsyl.
yania and the II. Il 0.-West Virginia
Has Much at Stake in This Direction.
Bad Effects to Follow Such Move.
For some time it has been in the
air that the B. & O. is to be absorbed
by the Pennsylvania railroad com
pany and lately some things have
occurred to give some color to all
this.
/ The proposal to increase the stock
of the Pennsylvania railway compa-
ny from 1851, 100000 to S20l, 100000
clean shoot of S50,000,000, is start
ling the railway world, for well in
formed railway men firmly believe
that it presages some big develop
ments in another year. There is
every reason to believe that the in
terests now dominating the Wander
bilt properties operating through
the Pennsylvania will soon control
all of the important lines South OF
recognized Vanderbilt territory, in
Guiding the Baltimore d Ohio rail
way and that by taking in the Erie
railway the entire East and middle
West will be completely governed.
That the next few months will pro-
duce such results is the confident
belief of persons competent to ex
press an opinion in regard to the
matter.
La connection with the Pennsylva
MAS reported increase of stock and
the activity on the part of the Van
derbilt interests comes the announce
ment that negotiations which have
been conducted by Joseph II. Sea
man, its vice president, and seereta
ry-treasurer, have eliminated in the
transfer of the Cincinnati Northern
to the Vanderbilt column and will
probably be made part of the Big
Four system. The New York Com
mereial processes to have official
oNledge of the correctness of the
sale rumors and SAYS:
LAS in the case of the Lake Erie
& Western. suspicion that the Van
derbilts would acquire the Gincin
natl Northern, and that an under
standing to that effect had been
reached, was very strong long before
it was officially ACKNOWLEDGED that the
sale had been made.
"The Cincinnati Northern extends
from Allegan to Toledo, and from
Jackson, Mich, to Cincinnati. With
several leased lines, including the Ann
Arbor, the Detroit, Toledo & Milwau-
kee, it operates fraction over 46
miles. The company was organized
in June, 1897, to take over and oper-
ate the Ohio division OF the Cincinna-
I'll, Jackson & Mackinaw from Frank
lin, o., to Addison Junction, Mich.
and took possession OF the property in
August, 1897, in addition to acquir-
ing valuable terminals Ia Cincinnati.
The Detroit, Toledo u Milwaukee,
formerly the Michigan division of the
Cincinnati, Jackson & Mackinaw, has
been operated under lease since Feb
ruary, 1899, and is the Michigan divi-
sion of the Cincinnati Northern.
ssThe Ann Arbor trackage is used in
connection with the line and also I'M
der traffic agreements six miles of the
Big -Four between Franklin and Gin
cinnati, besides IL miles of the Mid
dletown & Cincinnati, and % miles
of the Cincinnati, Lebanon q North
ern. The company's securities were
! delivered in bulk to the Cincinnati,
Jackson & MackinaW reorganized, and
it is not understood they have ever
been distributed.
In r. & O. circles the developments
of the next few months will be await
ed with much interest. Several weeks
ago it was reported that b. u o. Sc
curities were being gradually taken
up by a syndicate Of New York capt.
italists whose interests are identical
with those of the Pennsylvania in this
field The control Of the B. & o.
would be most important railway
development to West Virginia, espec-
tally to the great coal producing con-
Germs of the State. Its effect would
! be matter OF the utmost concern.
| 1t would be unjust to anticipate
measures Of an injurious character TO
the shipping facilities of West Vir-
GINA, but in view of the fact that
there would be practically no Compel
ing roads of importance were such a
deal to he made, the situation would
be rather an unusual one and highly
interesting.