The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-23
PENNSYLVANIA
INTERESTS GET
The TERMINAL.
at the Foreclosure Sale Yesterday
the Road Goes to Kuhn, Loeb
& Company for
4 MILLION AND A HALF.
Baltimore & Ohio and wheeling &
Lake Erie the other Bidders
for the Property.

e
Although the opinion in local railroad
circles seems to incline to the hazard
that Baltimore & Ohio interests secured
the Wheeling Bridge s Terminal Rail
way Company property atlyesterday's
foreclosure sale. the Inteiiigennsr is in
n position to state positively that the
property goes into the control of the
pennsylvania lines. While It ia admit ,
ted that Vice President Brooks, Of the
Pennsylvania, was one of the bidders
who was outbId by the successful bid
ders, Kuhn, Loeb & Company, the New
York bankers, u fact that would seem
to indicate that the latter were bidding
In some other interest, yet the lntelll-
gencer is in possession OF Information
on which 1t confidently bases It's posi-
tive assertion that the Terminal passes
into the control of the Pennsylvania
The assertion may be challenged, but 1t
will have Its confirmation when the
deed formally conveying the PROPERTY is
filed In this county within few weeks.
In addition the Intelllgencer is In q
position to state that the policy of the
Pennsylvania with regard to the Ter
minal will be liberal The Wheeling &
Lake Erie, the Cleveland, Lorain &
Wheeling and the other roads now US
Ing the Terminal viii not now run
up against excessive charges or other
obstacles such as might be expected
with the road in control of a competing
system.
II is thought the principal object of
the Pennsylvania in securing the con-
troll of the Terminal is to connect up the
southern termlni of the Pan Handles
Pewlky branch and the river division of
the Cleveland & Pittsburgh in the
wheeling district. Controlling the Ter
mlnal, the Pennsylvania is in an unrival-
led position to handle traffic to and
from Wheeling and the over-the-river
manufacturing towns.
Another object, 1t is said. wes to shut
out the proposed Uniontown, Waynes-
burg & West Virginia coke road. 1t
was said the latter would be a bidder
for the Terminal. but there was no rep
resentatlve on hand at the sale. With
the Terminal controlled by the Penn
sylvula, the coke road viii probably
have to build It's own entrance into
Wheeling and bridge across the river
at BellaIre to connect with the Cleve-
land, Loraln & Wheeling.
The sale occurred at noon at the Fed
eraI building, with Special Master Mel
son C. Hubbard, of this city, in charge.
The bidders present included Mr.. Henry
NJ. Russell, of Wheeling, for the BaltI-
more & Ohio; Vice President and Cen
erai Manager Robert Bitckensderfer
and Judge sanderson, of the Wheeling
& Lake Erie; Vice President and Cen
eral Counsel ], t. Brooks,ot Pittsburgh,
and Local Agent ]. v. Braden, OF the
Pennsylvania, and Simon sIegman, of
New York, representing Kuhn, Loeb 6
Co., bankers.
In opening the sale, Mr.. Hubbard
stated that according to the terms, no
~, 49, -, 49, S5sn NSo ,o,,,5 no
AsSS
ceived.
Judge BROOKS leu on with a DID OF
N.ooo'oou'
MI sleSman Dlo $l'zoV'VOO ior Aunn'
Loep q CO.
Judge BROOKS came BACK Win "l'OOV'-
600.
Then the Wheenns q Lake ETC peo-
pie put In a bid OF Sl'6O0'VOo,
I'm done, salu Judge brooHs'
MI Russell then DID Sl'olV'VOO Tor the
Baltimore q ohio'
MI s'esman' for Kuhn LOEB q co,
then entered the hnal ana suceessful
Did, A'5l5'OOO' ana the property was
knocked down to the New York bank