Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-02-06
NO SALE OF v. N. R. R.
Report Denied by Officials Of
Road.
STOCK JOBBING RUM0R
BALTIMORE FINANcIERs AND
BUSINESS MEN EXCITED.
Alleged Loan Of $50, ooO, 600 by the
Pennsylvania Supposed to Have
Started the Report.
STOCK JOBBING RUMOR
Special Dispatch to The Evening Stnr.

Special Dispatch to The Evening Stnr.
BALTIMORE. Md. February G-The re-
port that the Pennsylvania railroad IN
tended to purchase the Western Maryland
from the Gouds. and thus deprive Baltl-
more of the terminals for the WABASH
which are part of the contract by which the
city transferred the road to the Goulds. mas
created great excitement here. NO con-
firmation of the report can be had. al
though both Vice President Landstreet ana
Winslow s. Pierce, chairman of the execu-
tive committee of the board of directors,
are In the city. They deny the truth OF the
report claiming it is only an effort on the
part of some of the jobbers in New York
to boost certain stocks. However, those
interested in the plans of the western
Maryland in Baltimore are much worked
up over the outcome.
Over $1.0O0.O00 has already been spent oy
the Western Maryland in taking the line
down Gwynn'S Falls to Spring Gardens,
where the road will have its terminals
Hundreds of men are at work daily, ana
the progress to date has been wonderful.
Basis of the Rumor.
The basis of this rumor lies in telegram
from New York stating as fact that the
Pennsylvania railroad had borrowed $780,
OOO, 900 for the purpose of making Improve
ments and extensions and for other pur-
poses including the purchase of the west
ern Maryland railroad from the Gould sys-
tenn This statement. following closely on
the fierce battle which has been waged up 10
a few days ago between the Gould interests
in the Wabash and the Cassatt interests IN
the Pennsylvania has some semblance OF
truth inasmuch as the fight has cost each
side millions of dollars. 1t is conceded that
both sides are tired of the war
ho 6oh hx,fU
vanfa has been going on since the FORMER
bought the Western Maryland ana west
Virginia Central railroads and declared ne
would have a seaboard terminal despite the
power of the great Pennsylvania railroad
His plans indicated that he would nave
terminal equal to the Pennsylvania rail-
road. and that it would hurt the latter
roads business to large extent
Pennsylvania Denies Report.
dispatch from Philadelphia says
An absolute denial that the loan was
negotiated for the purchase Of the west
ern Maryland was made by the Pennsylva-
mia officials yesterday in the following
statement:
1.-THE Pennsylvania Railroad Company Is
not issuing any notes or Opllgatlons, !ior
does it propose to do so. The negotiation
alluded to refers to the arrangements MADE
by the Pennsylvania company, which OPP
crates the lines west of Pittsburg, comprls-
ing a system of some 5000 miles, and pro-
vides for it's financial needs. These lines
serve a territory where the growth Of the
steel and other like industries made ex-
ceptional demands during the last year
upon the railways for increased facilities
and betterments. For the purpose of pro-
viding for the expenditures already made,
and for similar work to be done this year,
that company has arranged for the loan
referred to. which will be permanently
financed before it's maturity. The money Is
not to be used to purchase or control any
properties or syndicates connected with
other railway systems"