Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1877-05-18
Chesapeake and Ohio Canal.

that the baltimore and ONO railroad was
about to enter upon competition with The
Chesapeake and Ohio canal with the Interior
object Of the complete destruction Of that
work, did not expect confession Of judge
ment so soon 10 toilow.
In the reply, q synopsisaf which is published
last week in the Baltimore Sun, the acknowl-
edged organ Of The Baltimore and Ohio rail-
road, Mr.. Jno. W. Garrett, President of the
| company, after thirty DAYS consideration, of
the reasonable propositions Of Mr.. German,
Presiden. Of the Chesapeake md Ohio canal,
for an equitable adjustment of tolls for the
transportation OF coal from Cumberland to
tide water by which both Of these great State
works could be supplied and sustained, Mr.
Garrett enters ntoa most elaborate and extra
ordinary argument intended as a Justification
Of bis aggressive policy and TO show why the
coal trade should be concentrated at Locust
Point, and the canal lose its legitimate trade
and be dried up and abandoned TO Its fate.
] have said that tho arguments to sustain
this premediiated and systematic attack upon
this venerable work and the largest investment
Of The State are extraordinary
Mr.. Garrett commences by an attempt to re-
vive sectional hate and Jealousy. This old
song was attempted thirty years ago when the
railroad made its FIRST attack upon the canal
for its right of way At the Point of Rocks, but
coon exhausted itself for want Of an audience
and signalY failed as oil snch attempts ough.
and will fail in the future. Such arguments
belong to the school of Philips, Garrsois aud
Blaines, but are utterly unsuited 10 the soil
and climate ofMaryland. The people Of Mary
land will never consent that old Virginia, the
land Of Washington, of Jefferson, of Lee, of
Madison and of Marshall, should be treated
as foreign territory much less its own ancient
Port Of Georgetown now the appendage to and
under the municipal government Of Washing
ton, the seat OF National Government, which
| shall presently show from Mr. Ganett's own
figures, is the richest contributor to the revsn-
nes Of the Baltimore and Ohio ralrond.
Mr.. Garrett evades by not denying or ad
hitting the charge Of underwriting aud giving
Of rebates TO rob the canal OF its legitimate
trade. This amounts TO plea OF gnit or
admission, and is an act as dishonorabe be-
tween corporations, ariicularly those owing
origin to the same common parent, as such
conduct is universally held to be between indi-
vidnals.
Mr.. Garrett claims that for the Investment
OF $500, 600 in the stock of the Washington
Branch railroad the State has secured ST 09l,-
522, TO-, This is simply Mr. CARROTS usual
habit Of niysifying facts and figures and is salso
in fact. Every bank in Baltimore that has paid
to the State Gas several did, bonus as did
the Washington Branch for the charter, might
with the same propriety claim their bonus as a
part of the States revenue in stock as does Mr..
&. And yet will venture 10 state that there is
not bank officer in the State who would
risk his reputation upon such a hold attempt
at deception. The truth is that had the rail-
road paid the State 10 per cent in dividends
for forty years, which it has not done and for
several years past paid it nothing, it wonld
only amount to SO, 200, 900 instead of$7 G5l,
= atal 4 4 a.. -,
! by no means what the State ought to have re-
ceived from this invcstr emit. But granting
Mr.. CARROTS figures to be true and correct,
what does il proven Mr.. Garrett has kept out
of view the important fact that for every dol
lar the State has in stock in the Washington
! Branch railroad the Baltimore and Ohio rail-
road has two IL then the State has received
81 9Sl 522, 10 for its subscription of $500, 900
in that company, Mr. Garretrs share Of profits
and earnings from his subscription Of 800,
600 to the same stock is just double that of the
State, perfect Bonanza, and at once disipa-
ting and falsifying the idea that the portion
of the coal trade that finds its outlet at the
foreign" ports Of Georgetown and A,exan-
dra is injurious or detrimental either to the
State OF the Baltimore and Ohio railroad.
Mr. Garrett goes on to say that the object
Of the railroad in its alleged discrimination
(sih neither denying or admitting the fact is
merely TO divert the coal trade to Baltimore
thus giving employment here to thousands OF
men, as well as to add vastly 10 the city's
commercial importance ~ MESS tmark the
word 'it cau accomplish this object, the com
pany viii be obliged to discharge thousands
of its employees, all along its route, and close
many Of its work shops now employing hun
dreds Of skilled workmen"
With all of Mr.. CARROTS acknowledged
prudence, caution and forecast, whe ever ex-
pected TO see such confession Of the weak
ness OF the company over which lie presides
rs is made in this short extract2 What has
become Of his boaslcd surplus Of $50 900, 600
What Of his oft repeated policy, ito strike fol
distant ponts2' What Of his long lines oi
connection With Wheeling, PtIsbgrg. Gin
cinnati, st. Louis, Chicago and Lake E,ie
All gone, and vanished into thin air, "unles:
we eau accomplish this object twin the Goa
trade from the canal and the "foreign' port:
Of Georgetown aud Alexandria) eve shall b,
Obliged to discharge thousands of hands and
skilled workmen." No enemy 10 the railroad
could have uttered so damaging statement
to the value Of its stock. And il 1t should
sink below the low point TO which it has a.
present sunk, its stockholders will have nc
one to blame but its distinguished far hled
prudent President Mr. John W. Garrett.
] could now turn upon Mr.. Garrett and ask
whether he has dealt honestly and faithfully
with the State as minnority shareholder in
the management of the stock of the Washing
ton Branch railroad Whether, as Trustee
he has faithfully collected paid over the 90 pc
cent bonus MS do the bauks--due to the Stat
for their chartered rights2 Whether on i'll
main stem, outside of the City of Baltimore
or rather Camden Station and Locust Point
Except its work shops and hotes) during tht
forty years Of its existence it has bult up on,
single town or village mill or factory, farm
or hamlet?
Whether in its rates OF travel and transpor
tation it Discriminate in favor OF or agains
the farmers, artizans and manufacturers oil
MarylandP And has not, and is not the Bal
tmore and Ohio railroad now receiving
very large bounty annually from the State
A bounty which If fairly oomputed-woul
at this time amount to many million
, of dollars. Let Mr.. Garrett come squarely u
to the mark and give an honest straight for
ward answer to these questions without eva
sion or mystifcation, and then some furthe
inquiries as to how aud when he got through
the Legislature the right to issue u secon,
preferred stock without limit and FIRE
from State, City or Municipal taxation.
When these questions are satsiactorial,
answered IL viii be time enough TO take u
; the question of Equities about which Mr.
Garrett is at present so much concerned.
AGRIcoLA.
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