Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1871-01-13
Railroads.

The Nevark Daily Adccriser, Of We'd
nesday, has tho following in reference to
the position takon by the Baltimore and
Ohio Railroad company in reference to the
plan of consolidating the earnings Of the
Trunk road '.Railroad officials, repre-
santing all the important trunk lines of
travel, assembled at Erie. Pa, to-day, Thir-
teen railroads are represented by forty Off
Gers, besides representatives of transperta-
ton and sleeping car companies. The con-
vention will organize tomorrow. The OBJ.
ject is to devise plan for putting the earn
ings of the various roads represented into a
common pool, and making an equitable d.
vision. There would then be large ad-
vance on existing rates all around Every
thing looks lovely for this scheme for
burdening the public, and the only draw
back to complete the success is the refusal
Of the Baltimore and Ohio Railway company
to have anything to do with the conspiracy.
This latter corporation, being owned and
managed in Baltimore, and mainly with re-
ference to the prosperity of that city, rather
than operations upon the New Yorks''Stcck
Exchange, does not intend to change the
position it now occupies, iH Difference to
New York interests
cit will not change the position it has
taken for the last five years. The recent
report of this road shows what formida-
bls competitor it is fast growing to be of
the other three great lines While SO pru-
dent in its financial arrangements as to
keep its stock at higher quotations than any
Of its three rivals, it does not hesitate to
take risks if necessary, as is attested, not
only in the aid afforded the Marietta and
Cincinnati and other Western roads, but
also the establishment Of line of European
steamers to run in connection with it. The
speedy completion Of tho Connclsvills road
will give Baltimore connection with Pitts
burgh, and thence arrangements have lust
been made by which short line is to be
built to Chicago, insuring direct connection
with the Pacific railways. The merchants
of Philadelphia haggle over a subscription
to an ocean line Of steamers TO run to
connect with the gigantic Pennsylvania
Central. while within brief period, Bal
timore established line to Bremen of two
frst-class steamships of $500 tons burden.
''ln less than IL mouths the line had to
he doubled, and the merchants of Bremen
rendered subscriptions for 40 times the sum
desired. Another line for Liverpool is be-
ing organized, and the city of Baltimore is
planning her enterprises fer square compe-
tition with New York for the trade, not on
ly of the South. South est and West, but
for that Of the Northwest. It must be
borne in mind that the Baltimore railway
has not great watered stock to earn fraudu-
lent dividends upon, and is under the
charge of Mr.. Garrett, than whom. no ADLER
railroad man exists The Baltimore and
Ohio road not long since, it will be re.
membered, steadily refused to Join the com
bination to advance coal freights, and tho
low price Of bituminous Goals materially
checked the advance in anthracite. It now
again refuses to join in an unboly alliance,
and thus keeps the three monsters for
while in order. AS our own interests are
all bound up with that of tie metropolis,
this subject is worth our careful attention.
-Nelo York Tribune.