, 1876-10-14
TIE RAILWAYS.



BALTIMORE. Oct. l1.-At tho regular monthly
meeting Of the board Of Drcctora Of the Ealti-
moro u Ohio }ailsoa'l Company today prcs.
dent Na1rctt stated that the revenue of the
main stem and branches, including the Pitts
burg Divisions, for the month ii September,
had bcun 81, COS, ,607.S5, showing gu increase
ovcr tho revenue from tic same source for
August Of s2o5, 5,772.T. This large revenue was
again very satisfactory in view of tho low
rates which had been continued under the action
Of tho New York Central Koatl. Tue grain trade
was still very heavy, aad passenger traffic
showed also large Increase Sir. Garrett said
tllat mitch interest had been manifested in re-
gard to meeting recently Of representatives Of
,!any Of the leading railways Of the country In
facts 80 far as tho Baltimore l. Ohio Railway
was connected With that conference. It had
been enormously stnte1 that he Mr. GARRETT
had participated In that meeting. In response
to requests from, leading officers Of several Of
the m6st important roals, TIC had requested
Vfce-Prcsidcnt King to meet them for the par-
pose Of atiing 1t, establishing .rcrnnncratIvc
rates. Az this request came also from the
no most !,p respected and eontre'!pg officers q
Central Road, 1t was reasonably supposed
that that Company desired to 1nakcEauch ar-
rongcments as would produce result demand
ed by az almost universal public Judgment.
was found, although the representatives vi the
Cana1a lines, tile New York dc Erie, and thu
Pennsylranta, were present, 10 parties nppcar-
Gl 60 WIG @ had authority to represent the whole
mcnts were made on behalf Of tho New York
Central that tl,c representative Of the other
trunk ltnca had been mlsilformcd a. to the sup
posed demand OF tho New York Cci-
tic centres Of western commcrco S' to The The
seaboard cities, irrespective Of distances, but
na, utter consuming the time Of the officers who
attended this conference, there was ITO practleni
abandoned what was understood to be Its poi
!cy, the conference necessarily proved frnitless.
Il was clearly shown that the Western councc-
tions Of tho New York Central Road felt that
thg interests Of thcir atockhotlers and bond"
10y which time will certainly ssow to be capri
clous, ns contrary to common sense ns to 1Ung-
established principles, md Impossible to be
mantalncd. Il is evident that they were entire
X a5z1tisea wit tbs po1y Of The Now York
wiso anxlcty to bring ahort restoration
Q! the rates to q rctnuseratiyc standard. Tie
folly Of thc present rcelslcsslY-unremuncratiyc
chicaso Is shown IS M tie fact thnt larse auanti. @
ties Of grain are brinE DELAYED at TINT city
from the inability Of that road and It's connec-
tons to transport It. The Baltimore {: Ohio
Company finds ample use for its entire, equip
h%"t 4tHS tAttot VI G4alIA Ait4 UtHeT
merchandise to Baltimore, Larger rates arc
duly offered It to take grain to Sew Yurk than
the Nominal rates Of the New York ccntra| Roadt
because Ut tic blockade In the West but IN consc-
qucnce of The pressure Of this tra1c tu Baltimore
II finds L necessary to decline these shipments
to New York. The statistics continue 10 show
tfat the policy Of the New York Central Road
III fixing such low rntcs for the transportation
Of graiii, and bringing about railroad competi-
tiot at such rates, Is constantly Increasing the
business Of Baltimore and PhiladelplIa. at tic
uxpensc Of the trade Of New York. These sta-
York & Eric Canal; and the aggregate dIn,inu-
ton Of the grain tratlo Of NGw York, aud tho
increase Of tho grain trade Of Baltimore.
Tic usual scMEannual dividend Of i per cent
on the cApttM sto:Is Ut the main stem Was de-
clarcd.