The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-09-17

A. Hack ACKNOWLEDGEMENTS. 102l691
These parties and these alone have received in cash
and notes entire settlement of their claim for interest
accrued on the extra dividend to June lst."
In commenting upon these facts we incidentally
remarked,
"If any of the Directors of the Baltimore and Ohio
Railroad Company wish to verify the correctness of
statements and figures with regard to these notes. they
will be found entered the Accommodation Bill Book,
and nat upon the regular Bill Book of the Company"
These are the accusations which Mr.. GARRETT
has attempted to answer. His defence will be
found embodied in few short paragraphs towards
the close of his lengthy argument in favor of the
extra dividend scheme. In reply to our charges
he says:
"The board may have observed that there has been
added to the attack in the courts in this dividend, GER
tain other public statements to which deem it proper to
call your attention 1t has been asserted that the notes
issued in payment of part of This dividend not
that officers Of this company holding stock enjoyed ad
vantages not shared by others The first part of the
statement and the last part and the whole series of allie
cations made in that connection, without the least
foundation in fact
To the audacity of this denial we confess our
inability to find parallel We will refer at
present only to the last of the propositions TO
which Mr.. GARRETT alIudes. 1t has been assert
ed, he says ''that officers Of this company hold
cling stock, enjoyed advantages not shared by
''others," and this assertion he pronounces to be
'without the least foundation in fact" He does
not deny the existence of a single of the notes
above mentioned-he does not deny that they
were drawn for the identical object for which we
said they were givea-he does not deny that the
individuals who received them are officers of the
Company--and he does not intimate that solita-
ry note was issued to any other parties except
those above named. How can it he then that our
assertions on this point are ''without the least
Foundation in fct?' Mr. GARRETT kind
ly undertakes to enlighten the public on
this point, and he evidently hopes to
mislead its judgment, by discussing a
suppostitious, instead of the actual case He tells
it that if the other creditors had asked for notes,
they would have received them. Is it not an ex-
traordinary thing that all knowledge Of the Com
pany's willingness to issue notes appears TO have
been confined TO the persons who profited by that
part of the programme? Did Mr.. GARRETT i'm
part such information to any of these creditors
when they went for their checks, and when he
and his friends had both notes and checks in theiI
pockets? Does any one doubt that if the parties
who were put eff with payments of fifty cents in
the dollar, had discovered that some of the
officers of the Company were getting negotiable
paper for the remaining fifty, they would have
insisted On being treated the same way p
That in such case their demands would have been
complied with, can readily presume from the
alacrity with which the President, now that the
matter has been exposed, admits that they enti-
tied to be placed upon equal footing with himself
and friends. If they had, under such circumstan.
ces obtained the Company's notes, it is more than
probable that we would never have made the state
ment we did, and Mr.. GARRETT would not have been
in his present unhappy predicament. But how
these speculations about what might have hap
pened, can affect the ndsputable facts which did
happen, and on which alone our article was based,
we at loss to conceive. We insist, therefore,
upon confirming this discussion to the issue we
have raised. We said that certain officers of the
Company had secretly secured undue advantages,
and having proved it, we relterate the charge.
We expressed some dsparaging opinions about
the parties to the transaction, and we are ready
to repeat them now for no honorable man can
say they are Unjust. We know not whether, in
putting forth so broad denial as he has done,
MT. JARRETT reckOnS most upon the stupidity OF
this community, or upon his own capacity to per
suade it, easily as he can convince his special
friends, that black is white. But we are well sat-
isfed to abide the issue of events and the ultimate
verdict of the people of this city upon this Whole
business. The united press NAV continue to ar-
plaud vociferousiy and on all occasions the con-
duct of so influential gentleman as Mr.. GAR
RETT, and to hail as triumphant refutation of
what it terms ''unfounded representations" the
bald and pitiahle defence he has made to our ac-
cusations But the time will come, we are sure,
when this transaction, stripped of the false cooring
with which interested and partial advocates of the
parties TO it have managed to invest it, will appear
in its naked deformty. That time, it may be, is
yet distant, for the Baltimore and Ohio Railroad
is an all-powerful corporation-the tide of popu-
larity on which those who control it are moving,
is apparently at high food-and the press almost
unanimously echoes their praises. But it is sell
dom that undisguised attempt to confound
right and wrong is permanently successful, and
that the effort to give appearance of fair deal
ing to this transaction will fail miserably, we
cannot doubt. We can afford to wait until time,
which sets all things straight has in this matter ALSO
eliminated falsehood from truth. We can give no
more space to-day to this discussion, but the SUBJ
iect is not exhausted.