Martinsburg independent. [volume] (Martinsburg, W. Va.) 1875-1900, 1875-06-12

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LIE JhILItO1 W xIits
The war between the great rail
way corporations has gained new in
terest lately by the Inauguration of
new movements on the part Of the
antagonists, and the rumors that are
constantly floating about of a COM
promise soon to be effected. There
is no question but that there is now
in progress arrangements looking to
a cessation of hostilities and settle
ment Of the questions at issue be-
tween the two roads, in such a man
ner that future q%uarrels of similar
character will be nearly impossible.
There can be no question but that
the wu has seriously affected all the
great trunk lines ,andits continuance
will eventually affect the parties di-
rectly interested in the controversy.
Therefore, all friends are anxious
that an equitable settlement shall be
concluded, and fair compensation for
travel and freight traffic established.
On Tuesday, in Wall street, a ru-
MOI was started that is likely to af-
feet the credit of the Baltimore &
Ohio, aud whether true or false it
was important enough for Mr.. Gar
rett to call a meeting of the Board of
Directors Of this company for yester-
day to put forth a correct statement
of the facts. The statement was that
the Baltimore e Ohio railroad had
recently borrowed OF endorsed on nc
count of the Pittsburg and Connels-
vile, some four millions of paper in
the New York market, which would
not be renewed, and that at its ma
turity its payment would be demand-
ed. Nc doubt the amount was *
agerated and colored to suit the
views of the interests opposed to Mr..
Garrett but nevertheless these
things have their effect upon the
money market, and will more or less
affect the standing of a great corpo-
ration while engaged in such a con-
troversy as now envelopes the Balti-
more & Ohio.
This railroad war affects all busi-
ness circles injuriously, and lends a
sort of fctious andfeverish buoyancy
to all classes of trade. Sooner or later
it will materially affect the standing
of those engaged for railroads like all
other enterprises, are run to make
money, and those who own the stock
and furnish the means to keep them
in operation, will not care to have
their dividends curtailed to suit
the caprice of those who are
put over to manage their affairs.
For the time being the public reap
the benefit of low fares and cheap
freights but in the end win have to re-
turn the loss with interest by the aug
mentation of rates after settlement
is concluded. Garrett has the means
and energy to prolong the fight in
definitely, and so has the other party,
but the business and monied inter-
ests of New York are apt to be pitted
against him, and it seems doubtful
whether the stockholders win be
willing to stand the loss that must
inevitably ensue if the fight is kept
up. If they think he can succeed and
the result of such success will bring
increased dividends, they will say
asstick." If they cannot see such a
condition of affairs they will be apt
to insist upon a compromise. From
general indications we believe the
war nearly at an end, and we hope
and believe that the b. q. o. viii be
able to make terms that will justify
the stand she has taken.