The New York herald., 1876-10-12
BALTIMORE AND OHIO RAILROAD.
DENT aARRKrT's Views ON THE NEW YORK
CENTRAL ROADS POLICY.

GRATIFYING GROWTH OF BUsINEss-PRKM-
DENT aAnRxrT's VIEWS ON THE NEW YORK
CENTRAL ROADS POLICY.
BALrIxoRx. Oct II, 1s7a
A. the regular monthly meeting Of the Board oi
Directors OF tho Baltimore and Ohio Railroad Company
to-day President Garrett stated that the oi
the main stem and branches including tho Pittsburs
division, for tho month OF September had been
81, COS, ,sO7 SO, showing increase over the
revenue from the Same sources for August
OF $205,77 II. This largo revenue was very
satisfactory IN view OF the low rates which had
been continued under tho action OF the Now York Cen
tra road The grain trade still very heavy, and
passenger tranic showed also . large increase Mr..
Garrett said that much interest had been manifested
in regard to meeting recently o. representative OF
many OF the leading railways OF the country IN New
York. and he deemed u proper TO state tho facts 20
far as the Baltimore and Ohio Railway was connected
I, had becn erronsousy stated that he Mr. Garrstp
had participated In thai meeting In response 10 re-
quesls from the leading officers efsevers Of shs most
10 them for the purpose OF aiding IN establishing
remuneratve rates. As this request came also nom
cipa connections OF tho New York Central road Il was
reasonably supposed that that company desired TO make
such arrangements AZ woud produce resss demandee
By an almost universal public judgment
Alter being thus invited TO the confcreeeo w0
found although the representatives OF the Canada lines
present, no parties appeared who had authority to
roprosons tho whole line between Chicago and New
York. Statements we're made on behalf OF the New
York Central that tho representatives OF the other
trunk lines had been msinformed as 10 the supposed
demand OF the New York Central road 20 make equal
rates from the centres OF western commerce
seAboard cities irrespective OF distances bus a.
after consuming the time OF the officers who attended
the Now York Central road had abandoned what
understood to be It's policy, the conferences necss-
sarIiy proved fruitless.
IL was clearly shown that the Western counections
OF the New York Central Road felt that the Interests Of
inundated by policy which time will certainly show
caprcous contrary 10 common sense as TO long
established prnciplcs, and impossible TO be MAN.
tanned. II evident that they we're entirely dtssAt.
isned with the policy Of the Now York Central ana
thcy plainly showed wise anxiety to bring about
The folly Of the present reckossly unremuneratvs
rates, established by the New York Central, from
Chicago s shown by the fact that largo quantities Of
grain being delayed al that city, from the naDy
The Baltimore and Ohio Company nnds ample use
for s eniro equipment in the transportation Of gran
and other merchandise 10 Baltimore Larger rates are
daily offered to u to take grain to New ork tnAn ths
nominal Of the New York Central road, because
OF tho blockade a tho We but In consequences OF ths
pressure OF this trade TO Baltimore finds necessary
TO decline these shipments 70 New York Ihe
statistics continue to show that the policy
OF tho New York Central road In nxino
such low rates for tho transporsatioa q
such rates constantly increasing the business OF Bal
tmore and Phadephia a. the expense Of the srado
New York.
These statistics prove the decreasing business Of ths
New York and Erie Canal, and tho aggregate dimipe
ton oil the grain trade OF New York and the incroee
Of the grain trade or Baltimore
The usual scmi-annual dividend OF hve per cent -
the capital stock OF the main stem was dsciAreo