Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1871-05-18
Baltimore and Ohio Railroad.

AoAAS&O ~AN OAAO ASe%AAA OoN'
Monthly Meeting ofthe Board Of Directors
Election Of q Second Tics-presiden.
Baltimore, Pittslwg and Chica 90 Road
&c.
The regular monthly meeting of the
board of directors of the Baltimore :nd
Ohio Railrord Company took place ysster-
day at the Office of the Company, Camden
Station, J. w. Garrett. president, in the
chair.
Al rer the transaction of the usual
business, the president made the follow
ing remarks to the board:
Gentlemen: The rapid increase of bust
ness, the necessity for taking charge of
additional branches, and the expansion of
tie connections of the Baltimore and Obi
company for some years past. have made
the duties of the general officers of the
company exceedingly onerous. The vice
president Mr.. King has lAborcl with
great energy ability and effectiveness as
the assistant of the president, but the
constant enlargement OF tie sphere Of
operations Of the company cau>es, with
the greatest diligence and thoroughness,
the necessity for more AID.
In addition to other palpable causes
the recent com letnn of the ..ighly i'm
portant Pittsburg, Washington and Ba til
more road and the pressure for rapid
movements to ensure the early construc-
ton of the Baltimore. Pittsburg and
Chicago road, the great line from Pitts
burg, through Ohio, Endisna and Illinois
to Chicago, iuperatively require the
appointment of an additional vice-pres-
ident. Under these circumstances the
president was gratifed to be able to state
that Mr.. William Keyser had assented
to accept such a position. Although Mr.
Keyser was quite young man, being but
thirtyGve years of age, he had already
achieved a reputation for superior business
qualification, for diligence, for integrity
and appreciation of the interests of the
public which made it needless for the
chair 10 express its Judgment as to the
value of the service which he would be
able to render to the company and the
community in the proposed position.
Great enthusiasm existed throughout
the northwest to secure in the interests
of those vast regions the advantages of
the Pittsburg, Baltimore and Chicago
line--as grand competing route against
the high charges and greater distances to
New York-to Baltimo e, their natural
and NEST economical port on the Atlantic.
Under the organization proposed, inmed-
date anu effective steps would be taken to
decide upon the route, and secure the
early construction of the road.
The chic engineer of the Pittsburg,
Washington and Baltimore road { B. II.
Latrobe, ESD had recently submitted a
report in regard to the various lines that
had been proposed in the interest of the
several sections which are pressing for
the selection of their respective routes.
I his report is highly favorable as to the
low cost and large advantages of the pro
posed lines.
AS it will be the policy of the Balf-
more and Ohio Company to make a large
cash subscription to the stock OF this road
and as it has been indicated that the re-
mainder of the capital required could be
promptly secured, the enterprise promised
not only great advantages to the ter
minal cities and the intermediate and
adjacent cities aud territories, bat the
most remunerative financial results; es-
pecially in view of the very limited cost Of
the line when compared with the loads
with which it would be brought into COM
pc ition. 1t is therefore eninently judi
c:ous, N ev;ry aspect of the enter
prise, that arrangements should be per-
fectcd to secure the great fruitions which
will flow from the early completion Of the
work.
At the close Of the presidents rema rks
Mr.. john Hopkins offered resolution
that the ofhce of second vice president Of
the Baltimore and Ohio Company should
be created, which was adopted. Mr..
Hopkins then nominated MIR. Vim. Key.
ser to ill that Office This motion was
seconded by Mr.. VIM. W. Taylor, who
expressed, from his in innate knowledge
of MIR. K. for many years, his confidence
in b IS abilities, and his satisfaction that
his services could be procured by the COM
pany. The nomination was then acted
upon, AID Mr.. Keyser was elected by the
unan imous vote of the board.
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