The Republican. [volume] (Oakland, Md.) 1877-current, 1902-01-09
The Pennsylvania is Said to Have
Gotten the West Virginia
Central.
The PRICE PAID SAID TO Be SI7,OOOOOO
Thus the GouIds Would BE shut From
Eastern OutIet-Rivals Have Been Bid
ding-In Cumberland it is Stated That
Wabash Interests Are the Purchasers,
But This is Not Confirmed.

Railway, whose interests are closely
identified with Maryland, has been
sold to Pennsylvania Railroad inter /,
ests for $17,OOO,OOO.
The object of the deal, it is stated, /
is to block the Goulds in their effort /
to secure the route as the Eastern
outlook of their Missouri Pacific and
Wabash systems. The Goulds have
been seeking the West Virginia Cen
trail for some time.
A Cumberland dispatch states that |
the price was $14,000,000, and that
concessions which are allowed bring |
the total up to $17,O0O,O00.
PARKERsBURG, w. Va, Jan. 6.-I
The West Virginia Central and Pitts
burg railway has been sold to Penn |
sylvania railroad interests for ST.
100000. 1t was to have been part of
Wabash's through line to the Sea
board
The Pennsylvania Railroad now
has every road and every coal field in
this State.
WHEELING, w. Va, Jan. 6.-The
Goulds have lost their grip on their
contemplated through route from the
Pacific to the Atlantic by blow adj
miuistered by Senator Stephen b.
Elkins and his father-in-law ex-Sena-
tor Henry &. Davis. To-day all nego-
tiations were clinched by the Penn
sylvania system for the purchase of
the West Virginia Central for ST.
100000
The Elkins- Davis combine seemed
hand in glove with the Goulds, who
believed they had first mortgage on
the sale of the road. 1t was the Gould
scheme to put trunk line through
West Virginia by way of the Little
kanawha route from tidewater to the
Great Lakes combining in Ohio with
the Wabash system. The fact that
the Elkins- Davis combination bought
$4,000 of Pittsburg coal land in the
counties of the Little Kanawha Val
ley lent color to reports of its alliance
with the Little Kanawha Company
and the interests behind it in the
background. 1t was generally I'M
derstood that the Goulds relied upon
Messrs Elkins and Davis for the CON
summation of the plans.
But the Pennsylvania, through
President A. J. Cassatt, outwitted
the New York magnates and offered
for the West Virginia Central $1,000
900 more than the Goulds had ar
ranged to pay. Mr.. Elkins jumped
at the opportunity. Thus the Penn
sylvania has blocked the Goulds at
time when they most expected sue
cess in their outlet to the seaboard.
The West Virginia Central is one of
the greatest coal roads, considered
from the tonnage point of view, in
the country. Along its main line
from Cumberland to Keyser, Elkins
and its branches the Davis Elkins
combination owns and operates To-
600 acres of coal lands.
CUMBERLAND, Md, Jan. ct is
generally accepted at the Office of the
general manager of the West Virginia
Central here that the road has been
sold, the price being $14,000,000 and
with concessions granted to the pur-
chaser it amounts in round numbers
to $17,OO0,0OO.
The deal was consummated at the
Waldorf, in New York, the West Vir-
ginia Central interests being repre-
sented by Col. Thomas B. Davis, of
Keyser, W. Va, the wealthy brother
of ex-senator Henry g. Davis, presi-
dent of theroad. The ex-senator has
been attending the Pan-American
Congress, in Mexico, and has had lit
tie to do with the negotiations.
The purchase also includes the ex-
tensive coal mines and coke plants re-
Gently merged into the railroad COM
pany. Mr.. Benjamin A. Richmond,
of Cumberland, the local counsel of
the West Virginia Central, who was
prominent in the merging of the rail
road and coal interests, has been in
New York in connection with the
deal
1t is reported here that the Wabash
1.-THE purchaser, but this is not posi-
lively known.
The main line of the West Virginia
Central and Pittsburg Railway ex-
tends from West Virginia Central
Junction, near Piedmont, to Elkins,
distance of "a miles.
1t also leases the Piedmont and