Daily Republican., 1881-02-26
JAY GoUhO,s soaEMEs.
Tho True Inward ness Of his Ne
cent railroad TSRnsacaf0M.--
How ths stock MnnapuiasOr DO
ludes tho Public.


cent RalIr0nd TrRnsacaiaM.-
How the stock MnnipaiasOr Do
Audss tho Public.
WAsHMSToE, Feb. 26.-The recent
purchase Of q controlling interest in the
Philadelphia, Wilmington and Balti-
more is mot regarded here by those who
are informed, as a Baltimore and Ohio
movement, but peculiarly and exclu.
sively that Of Jay Gould, and 1t ia ae-
oepted that the Baltimore and OhiV
Company win not profit thereby, only
50 long as Mr.. Gould sees fit to permit
II to do SO. The present alliance efthe
Baltimore trunk line with the great
stock manipulation is gagged by that
which was formed between the two at
the inception OF the American Union
Telegraph scheme. At that time per
sons close TO President John W. Gar
rstt we're free 10 say that they could
not comprehend the exact nature OF the
alliance, bat we're equally free in ex
pressing the conviction that as long Is
IL served Mr.. Gould's purposes the then
pleasant relations would continue, and
they would terminate Whenever he de-
termined that suOh result! was neees
sary to his interests.
70 what extent their views could
have been regarded In tho light Of
pro phssy has been demonstrated in the
recent consolidation of the Goula-Gsr-
ret telegraph organization with that OF
the Western Union. At the time the
Baltimore and Ohio was supposed to
have been absorbed through Charles
A. Tinker, its Superintendent TTeis-
graph, and Daniel Bates, afterw ards
President Of the new Company ,one-hslt
interest in she American Union, and
its oticers held thss no inducement
could influence them to consolidate or
merge with any other corporation, and
that they would plant poles from the
Atlantic to the Pacific and maintain q
public telegraph and Tor the public
alone and turther, in order to Keep
It's independence, the American Union
refused TO enter into the ptodigal dis
tributiOn of franks" 80 notorious with
other mpanies. The consequence wso
that tho Pablo regarded Theses virtuouS
professions ga sincere aud rushed "a
8eily TO the support OF the new com
pany, much Of whose rapid suceeJ3
vas due Nlone to this agency. When
the American Union had beoome-
through tho assistance Of generous
and grateful pablle--an Important cor
porasion and dangerous for to the Old
monopolies, Mr.. Gould's original pq,-
pose weYo Realised, and The alliance
formed with Tho Baltimore and Ohio
Railroad Company few months before
was turned TO account By him in be-
trsying the public by merge with the
self same monopolies, to Effect whose
overthrow it was ostensibly formed.
With this knowledge before the public,
it Is not strange that the present ar.
ranesment between Mr.. Gould and the
Baltimore and Ohio is
VIEWED wrPa SUSPICIOUS,
especially when the policy OF the lat
ter In the matter OF its Nav York con
gection for years past is considered
For q long time it has bean con ,eGei
that the Baltimore and Ohio should 40.
independent OF the Philadelphia, VII
mington and Baltimore Road ,aad build
line Of its own to Nav York. This
last named was the only direct COM eet-
ing line between the upper and lower
Atlantic coast-ths North and the
Southland to its caprlces the Balti-
more and Ohio was subjected In seeur.
ing an outlet to the metropolis ior i:s
Western business, The Philadelphia,
WILMINGTON and Baltimore was indie
pendent in its association with the
Baltimore and Ohio and its more pow
erfnl lival, the PennSylvania. For q
time this independence was sincere,
and the Baltimore and Ohio Kept it 80
by a Standing menace in the threaten.
I'd bvilding Of new line. 1t vent 80
far as 70 survey several routes st differ
sut periods and to secure charters tor
them, and runors of an Immediate out
side Tine were al stated intervals in
dussriorsly circulated. but nons OF
them resulted in anything else.
MS thought Of an outside line was
broAshsd until the Pennsylvania Com
psny built a road from Baltimore 70
Washington and thus became indie
pendent Of the Baltimore and O4io,
whose line up to that time it had been
using. Finally seeing that the Ba!i-
wore and Ohio's threats were idle, the
Philadelphia. Wilmington and Baiti-
more company became aware that the
was able aud would, if
necessary, connect the main line by a
short route with Baltimore, so that il
became more partial to that line, and
its fac Titles were open to the Baltimore
and Ohio merely as q matter of suffer
aEce. The recent failure of the Balti-
more and OHIO 10 got to New York by
using the Philadelphia and Reading
road has been shown, and it was an
easy matter for Gould 70 get it to go In
for the purchase Of the Philadelphia,
and Baltimore road. There
ID no doubt but that Rober t Garrett was
entirely responsible for this move. OF
late years he has occupied an exalted
place in the eounsels OF his father. He
is a young man, an excellent fnancier,
and for some time has been managing
the enormous banking business OF
Robert Garrett & Sons, in Baltimore.
He holds modern ideas which, in his
fathers early career, would have been
CONS. dersd iallacies.
He IL of the financial school for late
times of Gould, V n Ter bilt and SCOTT, and
where bis father placed thousands IN q
pu blic scheme he would throw hun
ireo of thousand; but withal he Is
cool and calculating, and eel
loo, If ever, errs in judgment. His pol
10y is liberal, and had he controlled the
Baltimore and Onio in 1876 he would
have built all out line to Nav York on