The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1881-08-27

chin and finding the under current very strong,
hovled Justify for help. lie fshed out more
scared than hurt and hereafter he proposes TO be
very careful how he fools with water. lie should
not forget that u was this aqueous element which
once depopulated the earth. It's bad thing TO
tribe with.
-
Tho Bonds OF the BALTIC. q Delta II. X.
The Delair Democrat Of last week throws some
light upon the matters referred 10 In the commu.
nication published in our last issue, land which
was copied from the .Eyisl with reference 20 the
sale Of the bonds Of the BALTIC. 4 Delta railroad.
The Dsnoeraf says: 1--WE learn from tic 90 In
authority that the only two propositions made
them that were worthy sidera,ion. emanatei.
respectively from a gentleman named Butterheld
and the firm Of Work 4 Co. Mr.. Butter6eld's
proposition required the delivery Of all the unis
sued stock Of Oh. company, eve hundred thousand
dollars worth, and ali the bonds, six hundred
thousand dollars, making the cost Of the road, In
Guiding the stock already Issued, - 200. 0o0three
hundred thousand dollars more than u will cost
u completed under the present contract Had II
been better proposition IL could not have been
accepted. because ut the time Of It's receipt the
company had sold large blocks Of its bonds TO Mr..
Gilmor and others and was under contract 20 de-
liver many more u desired within given period.
"The Work proposition, which seems TO be the
one referred to by correspondent f., in last weeks
.Egis, was TO build the road for the unissuel
stock Of the company. This. had Il been offered
soon enough, was what both directors and sockho
ers wanted, aud. late ~ the offer came the former
were anxious to accept IL and To that end went
diligently TO work 10 ascertain the financial
standing Of the proposers. They soon learned
that Mcssrs. Brink. DUNCAN and Nidgely. the
agents Of the work Co.. were not responsible
for their promises oflnrge sums Of money and that
the financial standing OF Mr.. Work among the
BANKERS aud brokers of Philadelphia. where he 10
best known. Is rated at from 6fteen TO thirty
thousand dollars. rather low rating for the
sponsor for half million dollars. These are the
two propositions the directors have had In add-
ton 10 tina, made by Mr. Gimor and his fficnds,
which they have accepted.
cit u objected 90 this accepted contract that IL
gives the financial agent Of the company i've per
cent. commission aud four thousand share. of
stock. This l. n counterpart Of that given to
Brown 4 Louric. which stood nnobjccteL 10 for
Eve months. The commission !. that usually paid
To agents and brokers, and the stock, We under
stand. l. held 10 trust for the protection Of the
bondhoIders. lit Is not 80 held. but is the ndi-
vidual profit Of the agent. what does IL amount
to. Al three dollars per share. the highest price
We have known any considerable quantity 10 be
sold for IL Is just Si2 OO0-a sum 90 inconsidcrabe
compared with the resulting advantages that the
poorest in the company would willingly
see IL paid TO Mr.. Gilmor or any body else to se-
cure the sale Of the bonds and the completion Of
the rad.