Source: The Evening News
Detroit, Friday, July 13, 1888
Black Eye for Grand Trunk
The CPR, has within the past ten days, consummated a deal which gives it the shortest possible route from the northwest to the seaboard and at the same time inflicts a staggering blow to the other great railroad corporation of the Dominion, the Grand Trunk. It is the purchase of a large block of stock of the DSS&A. Negotiations for the sale have been pending since the trip over the line several weeks ago by General Manager Van Horne, President Sir George Stephens, Sir Donald Smith and other CPR officials, in company with President James McMillan and Vice-President Brice of the South Shore.
President McMillan speaking today of the sale, said: "The majority of the South Shore & Atlantic stock has all along been owned in New York and it was a portion of this stock that the representatives of the CPR bought. I don't know just the amount they purchased; still I guess they have secured enough to have a majority voice in the management in the road. I will not know positively, until after the meeting to be held the 20th of this month how much of the stock the New York directors sold."
"Will the transfer affect the MC at the Straits?"
"No, the Central will continue to make connections over the South Shore as heretofore. There will not, in fact, be any change in the policy of the road so far as I am aware at present. Yes, it is a blow to the GT and rather disorganizes that company's plans."
DSS&A
Sam Breck
AADurocher
