Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-05-02


Company was held in Cleveland yester-
terday. The new Board of Directors
which was elected, embraces many of
the former directors of the W. & L. e.
The others are Gould representatives.
Ut is significant fact that there is not
single representation of the Pennsyl-
vania On the new Board OF Directors.
The result of the meeting will be
learned with satisfaction by Wheeling
people, inasmuch as it means that this
city will be connected with the Wabash
system, and will therefore not be at the
mercy of the Pennsylvania but will re-
ceive whatever benefits result from rail-
road competition. The close arrange
ments which will be made between the
W. & L. E. and the Wabash will mean
through sleepers from this city to Chi
cago and other points in the west, and
will also be beneficial to the shipping
interests of the city.
The following Associated Press tele-
gram tells of the meeting yesterday:
CLEVELAND, O.. May las a result
of action taken at the annual meeting Of
the Wheeling & Lake Erie Railroad Com
pany. held here to-day, the property prac-
tlcally becomes part of the Gould sys-
TEN.
The following directors were elected:
One year-Edwin Gould, New York: Jos.
Ramsey, Jr., St. Louis; Winslow S. Peirce,
New York; Alvin w. Krech, New York;
M p. Mcintosh, Cleveland.
TWO years-Cyrus Lawrence, New
Cleveland: George A. Garretson. cleve,
land; Robert Blickenderfer. Cleveland:
George J. Gould, New York; w G.
Mather. Cleveland; D. +: Hanna, Cleye-
Splitter, Toledo.
Mr.. Ramsey announced that the Wheel
ing road would continue to be operated
as separate property, but that close
working arrangement would be made be-
tween it and the Wabash.
Mr.. Ramsey further said that the new
snort line from Jewett, O., on the Wheel
ing line to Pittsburs, would be built as
soon as possible
Another line, it is said, will be con-
structed from Cleveland to Wellington,
O., distance of AZ miles, where connec-
ton will be made with the main line of
the Wheeling & Lake Erie road. This
Will result in giving the company direct
and comparatively short line from Cleve-
land as well as Pittsburg to Toledo, st.
points.
The new board of directors, which has
been increased from thirteen members,
will meet in New York within few days
generally believed that Mr.. Ramsey will
be elected to the presidency of the COM
pany at this meeting. 1t is understood
that syndicate composed of George
Gould. of New York; VIM. Ramsey, Jr., of
St Louis Myron T. Herrick and General
A B. Fitzgerald. of this city, now owns
q Lake Erie Company. They will also
own the new extension to Pittsburg.
Out of total of 35s,9ls shares of the
Wheeling Company, 2sS.5S were voted at
to-day's meeting and were cast unani-
mously for ehe new board of directors
named
A prominent Wheeling railroad man
stated to the Register yesterday that
the impression conveyed by recent pub
locations, that the transfer of the w. &
l.. E. to the Gould interests, was deal
conceived and carried out within the
last few weeks, was entirely erroneous.
He said that the Goulds commenced
their efforts to secure the Wheeling &
Lake Erie and also the Wheeling
Bridge & Terminal property fully two
years ago. when 1t became apparent
that the Terminal could not redeem the
road from the receiver appointed by the
Federal Court.
He stated that the Goulds saw the
opportunity to get local business
through the Terminal, and also saw the
opportunity for an eastern extension,
with the additional incentive that the
Terminal could probably be bought at
very low figure. An Eastern broker,
so the story goes, was offered $4,000,
to be paid as soon as he secured ma
jority of the stocks and bonds of the
road in order to permit the Gould in
terests to take possession.
The broker was indisc-eet to the ex-
tent of permitting the Ponnsylvant- to
get wind of the matter, .~s the Penn
sylvania got such hold upon the
system that the Nv. & L. E. pee Ne,
who were acting for the Goulds, were
placed at disadvantage in bidding for
the property.
Important Deals.
NEW YORK, May 1.-The Mail and