Daily press. [volume] (Newport News, Va.) 1896-current, 1909-05-20
Dispatch frum New York Gives N.
lePesllng Interview With Mem
Der Of Party.
THIS PORT TO Be GRAIN CENTER
Plans Are Only in Course Of Formation,
However, and No Details Can BE
Given-Rumor That c. n. & D.
VIII Be Purchased Denied at Rich
mond.

A special to the Richmond Evening
said.
with a degree of persistency which.
in some quarters, is regarded as sig
nificant. the Northern papers have re-
peatedly announced that there is
scheme afoot which contemplates the
purchase of the Chicago, Cincinnati
and Louisville Railroad by the Chesa-
apeake and Ohio. in order that the
latter may own lines direct to the
Windy City.
while the Chesapeake and Ohio,
of course. is anxious TO get into the
Lake region, and to enjoy the finest
possible facilities for reaching that
fruitful territory, it does not appear
that there is the slightest ground for
the report.
"A gentleman, acknowledged to be
on the inside of the Chesapeake ana
Ohio's plans, said in this connection
today:
II can't account for the way these
reports have been published. There
is absolutely no authority for them.
So often have they been printed that
almost begin to suspect that the
Chicago, Cincinnati and Louisville is
back OF the articles and desires the
public to know that 1t is purchase
Bile.
Such a move has never been con-
templated by the Chesapeake and
Ohio, nor has il even been discussed.
A few days ago when Edwin Hawley
and the party of capitalists associated
with him went on tour OF inspection
of the system. the rumor broke forth
afresh, although the Chicago. Cincin-
natl and Louisville properties were
not even inspected
Mr. Hawley and his party only
went as far West as Cincinnati and
they only remained in that city a few
hours. That does not look like buy
ing the Chicago, Cincinnati and Louis
vile. does It? No: there's not a thing
in these rumors as matters stand to-
day, nor do | know of any future
schemes having the purchase of that
road in view.
"'Of course. il It were offered for
sale at some future date and the price
were an inviting one, why it might
be acquired, just as any other good
bargain would be taken up
Fred w. Scott. one of the HawleyI
syndicate, which acquired control OF
the Chesapeake and Ohio, is back
in Richmond after a trip to Cincin-
natl and other points with Mr.. Haw-
ley and his associates. He declines
to talk fer publication about the plans
of the new management beyond say
ing that the Hlwley syndicate has
acquired the Chesapeake and Ohio
properties with the idea of holding
and developing them.
1T is easy to see that Mr. Scott
regards the reports about buying the
Chicago, Cincinnati and Louisville as
absurd rumors. which are the products
Of somebody's guess work.
The directors of the Chesapeakel
and Ohio will meet in New York
Thursday. when some definite action
will be taken in the way of declaring
dividends on he roads securities.
Members OF the Hawley syndicate,
who have been spending several days
in an inspection tour of the Chesa
peake and Ohio. following their 2ur-
chase OF the road, have returned. and
the announcement was made that the
syndicate purposed using the lines rs
a nucleus in the formation OF a trunk