Del Western RR Survery at Kiamensi 1881

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Del Western RR Survery at Kiamensi 1881 - GARRETT AND COWEN CONFER. Projected Connection...
GARRETT AND COWEN CONFER. Projected Connection of the Baltimore and Ohio With Ilie Beadlnir. There is something very important afoot in relation to tho effort of the Baltimore and Ohio Railroad to reach Now York by an independent routo. Robert Garrett, tho third vice president of the company and its active spirit in the absence absence of his father in Europe, was in Philadelphia Philadelphia yesterday in conference with Presidont Gowcn, of tho Reading Railroad, ou the subject. They wero together for threo hours. It is understood understood that the conference was in reference to tho way iu which a conned ion can bo formed with the Reading Railroad without goiug over tho three - milo Junction Road. As tho Baltimore Baltimore and Ohio Company cares "very littlo for the passenger business from cither Now York or . Philadelphia, but is most interested interested in tho transportation of freight, it i3 said that a lino is to he constructed outside tho city, although adding three miles to the distance. On Western freight tho Baltimore and Ohio pcoplo think they can counterbalance this by tho shortness of their route to Baltimore. Tho great aim of the Baltimore and Ohio Company is lo enter into competition for tho tremendous freight business of Now York aud Philadelphia with tho West and South. Tlieir design, it is asserted, should they fail to get into Philadelphia, Philadelphia, is to have freight recoived by tlio Reading Railroad in the city and taken out to the junc tion of the road which they propose to build. in stock circles the opiuion prevails that tho Baltimore and Ohio aro now substantially the owners of the Delaware Western Railroad and its charter, giving the right to buihl extensions. From Wilmington comes the definite statement that Colonel McC'omb, the principal owner of tho Delaware Western Road, hits contracted to deliver 4,500 shares to Mr. Garrett, who agrees in return that his road will build the line to Philadelphia - and Baltimore. In order to fulfill fulfill his contract Colonel McComb is reported to have purchased 1.300 shares from Wil liam T. Carter, of this city. Mr. Garrett is also credited with having secured tho stock in tlio Delaware Western formerly held bv Dre.znl & Co. R. R. Robinson & Co. and Elliott, Johnson Johnson & Co., two Wilmington bankers, have been buying up ail the Delaware Western stock they can get for Colonel McComb. It is also said that a formal transfer of the Delaware Western Road was made yesterday to tho Baltimore and Ohio I onipany, through its cov.usel in Wilmington, Eevi C. Bird. A report that Samuel Canbv and others were out at Kiamensi yesterday, making surveys, strengthens the belief that "tho Balti more and Ohio people 'mean business." Mr. Garrett camo in a cab direct from tho depot, and after his interview with Mr. Gowen returned immediately to Baltimore.

Clipped from The Times16 Mar 1881, WedPage 1

The Times (Philadelphia, Pennsylvania)16 Mar 1881, WedPage 1
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  • Del Western RR Survery at Kiamensi 1881

    tgears1 – 26 Dec 2013

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