Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1875-05-05


project, against the daily and constant
sdmonitions aud entreaties Of the
COURIER
THE BALTlMOkE Il OHIO RAIL
ROAD.
We are indebted to some person fol
q pamphlet containing the remarks ol
John w. Garrett, Esq, President, In
reference to the financial condition and
expenses of the Baltimore & Ohio r
r. Tho remarks were made at . reg
ular meeting Of the Board of Direct.
ors, held at Baltimore, April IA, 1875
Mr.. Garrett evinces the epirit of q de.
termined warrior in the great battle
be is lighting with Col. Tom Scott, Of
the Pennsylvania Central, and with
the New York Central and Erie roads,
which have come to the aid of Scott.
The people of the West have . deep
and abiding interest in this mighty
contest. It is worth millions to the
great Northwest, and is leaving mil.
lions in her Golfers, which have hore
tofore been wrongfully drained from
her by tho last named great swindling
railroad companies.
We owe to President Garrett, . deep
and lasting debt of gratitude, and it
sfords 10 pleasure to Gull from his re-
marks, some salient points, and lay
them before our readers. Speaking
of the stock represented In his Com.
pany, and that represented by the
opposing companies (the stock Of the
latter reads, by System Of wholesale
swindling, we're watered to make rich
nabobs Of few, President Gsrret,
says:
Whilst the Baltimore 3 Ohio Com.
pany has SIS, ,0U0,O 900 Of common stock
and a GOO, 600 Of six per cent. prefer.
red stock, the Penney sylvania Company
shows, of stock alone, on which its
shareholders expect dividends to be
continued. s68. .7l9, 400. The New York
Central and HUDSON River Railroads
represent also enormous figures-.more
than eighty nine millions of stock
and the New York aud Erie Railroad
represents over eighty.six millions OF
stock, In addition to their respective
mortgage Indebtedness.
Parties connected with the Pennsyl.
vsnia road cry aloud against the al.
legged ruin brought by the Baltimore
aud Ohio Company on the railway in
tersst Of the country bat, gentlemen,
It ts the Pennsylvania Company thai
10 responsible for these low prices. II
established these unremunerative rates
for the purpose Of driving the Balti.
more and Ohio Company from its pol
icy OF Independence, and the result
will show that the famous hero of La
Mancha produced % much effect on
the windmils 10 President Scott will
produce by bis reckless sction upon
the thorouRhly.considered md veil.
est.biished policy OF the Baltimore 8
Ohio Railroad Company"
Again he says:
"This 10 not the frst great struggle
In which the Baltimore 8 Ohio Com.
pany has been involved with these
lines. Al the commencement Of its
present administration efforts were
made 10 enlarge the business of the
road, and rates were fixed from Balti.
more lower than the rates from North.
ern cities to the western centers OF
commerce, upon the plain and strong
grounds Of the geographical advant-
ages Of this city. Those eminent and
able railway officers, the late Erastus
Corning, Dean Richmond, and j. Ed
gar Thomson, agreed upon q pro-
gramme to force the Baltimore and
Ohio Company to charge the same
rates from Baltimore as they charged
from New York and Philadelphia. II
was great controversy. The Presi-
dent OF the Baltimore and Ohio Com
pany called the attention Of the officers
Of the New York Central Railroad, in
convention, prior to the commence.
ment of that conflict, to the fact that
the city of Baltimore was, by q singu
lar coincidence, exactly the distance
nearer to Cincinnati than the distance
from Now York to Cincinnati, of 29S
miles-the entire distance between AL
i'sny and BuffAlo-and that they de-
manded that the Baltimore & Ohio
Company should charge for its dis.
tance, thus 298 miles shorter, equal to
the whole length of their line. the
same rate for transportation. Reck.
less rates were then made by that hos
tile combination sgalnst the Baltimore
y Ohio road. But what was the final
result2 A loss Of millions TO those
lines In that protracted conflict, and
the ultimate establishment OF the fact
that common sense and the laws OF
trade must govern on all such subjects,
and that from that day to this hour
no serious effort has been made by
those lines to force that principle (at
that period pressed with 90 much per.
,inacity) again on the attention Of THE
Company. Whether this conflict con.
tinues for . long or . short period.
gentlemen, I Judge It win be your dc
termination that the policy Of preserv-
Ing the independence Of this company
shall be maintained. Az your execu-
tive, I deem It . privilege to battle,
and, II necessary, to make sacrihcee
for the great object in view.
We admire the pluck Of President
Gsrrett. and hope he will succeed, -
his triumphs are our triumphs.
C0ntracfa of inanrancA of lata vaara