The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1903-05-07
WABASH is AHEAD
ON COAL-GRAB DEAL
MONSTER TRACT Captured BEFORE & AWARE OF
BUT LoREE. THE PRESIDENT, GOES INTO THE FIELD

4 daring scheme Of the Cassat railroad
combination to absorb all Of the ayaila.
bic coal lands Of the West Virginia dis
trict near and south OF Fairmont in an
effort to check the progress Of the Wa
bash invasion was partially thwarted
during the last few days by the purchase
by the Goulis Of the great tract near
Fairmont. Additional large tracts are
said TO have been virtually secured by
the Gould syndicate although the agents
of \. J. Cassatt are sin in the field en-
deavoring to obtain large blocks Of coal
remaining.
The tract purchased by the Goulds,
nearly 6O,OOO acres IN extent, Is said to
be one which the Cassatt buyers believed
they had secured. As far as an attempt
to block the Wabash i concerned the
move ends a failure. 4 branch Of the
Baltimore & Ohio will be built, however,
to meet the Guilds in open conflict.
Some days ago orders were issued to
President [. 7. Loree Of the Baltimore
I6 Ohio railroad; c. l. Potter, general
manager; Superintendent W c. Loree
d the Pittsburg district and other offc.
IiaIs 10 proceed to Fairuout and inspect
that region with view to making cx-
tcnsive purchases of coal remaining in
dependent OF the Watson Col combine.
They visited Fairmont and made 4 long
stop at PhiIppi, where Congressman 4.
Ike. Dayton joined them. President To-
lee said that he was merely looking over
lie road, but it was stated positively
by one Of the party that it was 4 quest
ior coal lands. Congressman Dayton has
leeu acting as the coal agent in that
,.gtion.
George J. Gould had practically decid-
a to discontinue the work on the Little
Eanawha before President Joseph Ram
.cy Of the Wabash had returned from
HI. al journey to Egypt and his agents
.baa been al work gathering up the prop
cav. The Baltimore : Ohio officials
wanted il. but President Ramsey ordered
ta. closing Of he deal at one. This
forced tie rival railroad officials to seek
.land- farther to the south. 1t was then
tia, the Goulds announced that they
had temporarily abandoned work on the
Little Kauawha rlilroad and had decided
% make the Green County railroad IN
connection with the Buekhannon 81
/ Northern the main trunk line from the
west to the east
The Goulds had sufficient coal to an.
sucr am purposes of the future on the.
Lita. Kanawha in Lewis and elmer
conn,ir. had they decided to make the.
/ Little Kaaawha rOute the main artery
81 their great system, but the decision
to cconomize and make one route DO ne
cc.,tatcd the purchase Of field that
would insure an Independent tonnage
over which they would have absolute con
troI.
TIE Euckhannon / Northern follows
tie Baltimore 4 Ohio from Faimout 70
Grafton. traces The Tygarts river past
PhiIppi ID lexington, where It joins the
West Virginia Genital. The entire right
of-v,, soc,rad md some Grading has
been dome and ties are now being dis
tribuied along he route. At present
the Baltimore & Ohio Is the only nilroad
to thc mines in operation, but survey.
ing corps are active in locating new
brand.e- and switches. It is reported
that Tie Baltimore { Ohio has laid out
a new line from CarSsburg into Bar
bour county. which has better grades.
1t win touch PhiHppi and Buckhannon.
It viii open an immense tract Of virgin
coal AMI win be a rival Of the new Wa
bash linc.
President Ramsey Issued another state
ment Yesterday in New York in explana-
ton d the sudden change Of policy Of
the Gouldz. He said:
@oar change Of policy with regard 70
working lines has been considerably *
aggcntcd. So far a the Wabash proper
i concerned there viii be no abandon
mcnt Il tho important work on the road.
W !. go. 4,,.c ,.cors NJ.