The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-03-23
TRACK TOPICS.
.,,D TRYING TO AcaulRE a CON
'o''' rROLLISC INTEEESF
,.,,lmOre G ohio RAiIFO"d-N No
10 wv .n,rl,y Of Ills SucceedinE-Psace
r The Baltimore q ohio and
n,,I,nnIn COmpRDie"-W' !"
ou,I,u Resigns his Position

,.,,uhpE, MaTCh --'-It H"D uS'
pI',d ,.oo,ted that Gould is negotiating
y, ~" q enrolling On interest in the Baltimore
%, n., R,iIgay so as to secure a SEA
S,,r aUi' oatls, for biz system Of Western g, q
l,ts.,tern o'n's lines. How he ia to secure
NJ, not,o plain, rho capital tai stock stock o.
The c2a,P,I ,. a which would be 1900. The
ng9W,,, ~ 500 shRrea, the John Hop
sy oT oIT,niyergiy 5000 and MI Garrett
IN; t,, oR, b,,ss, IN all, 5000 shares. II Ia
Wl,saooos,ikle to secure u majority with
llo' ,Ie ,If aid Of at least two oil these
Interests .,,,bo,ities declare that no
lns l.i,1o5 G hSs been made to them for the
PiopgS,,.S.Io ot ,he shares owned by the cor
PuvTIo" P.Ion and that were one made, even
PlsS;", PoS; a., higher Ii would be unwise 70 &C.
N.g ~, TEe Investment is an excellent
srp ioosingat II from purely financial
0as, IJ'i ~ yiew. The rate OF interest re-
Phu,li, sboye the average current now,
ceSsG ,la = sccnri,y aC il undoubted, Should
MD t. ,,J ,slI what could they do with their
.a'5 '5o, T' |, could not be used In paying
SS. IpIT dobl of the city, for none OF 1t is
W ,n,inO Ns It would have to ba reinVested,
ait at;n ShN? Government bonds alone
n' .,.'I i ne permissible, and they would pay
'.s ,bcs or four per cent, while even at
SnR,Inmofe & OhiOpsys five per cent,
Ra, aide from the financial feature Of
hSo1egion, Tor the city 10 part with tts
tau i1,.5,.s, in lie Baltimore 4 Ohio would be
inn,iriabIe, inlsmuch ss the interests Of
%s ,g sc,ty sro 20 closely intertwined with
,Sb,,,solthe S, road that Baltimore should
,I5,ys rp'an ia share in the property,
T,s Il 95OOOO was subscribed by the city
!, ~ ,id in building the road. Through
s,,5 b,tnne and bad fortune the city
sm.,ool by il, It issued its credit In the
Im Of noles to pay for labor and mate,
-S,t'tten tie road Sas IN distrtssi It had
mo,, recently extended assistance to the
s,,snt Of a loan Of $jOOO,00O. The road,
m ina other hand, has done more for the
jsyeopmemt Of the city than any other
spstbing, and the fortunes Of the two In
bsloture, AZ in the past, will be insepar.
NV connected. Any ono who will look
b,rk over the resolutions and ordinances
oi,he Civ Council will sec that II was the
cefDtenlton the atty authorities year
,lpr wear thatthe city should preserve its
Il. tI., -nNI t,nennlnalIU
One oithe trustees Of the John Hopkins
unyenily aays that to his mind It waa
clearly an imposaibiIity for any one to
pna controlling interest in the road. No
popontionto buy thee,tate's 10 900 shares
ndbeen made, nor had such q thing been
considered by the Finance Committee.
Ia lhiS connection 1t may be stated that
Mn Hopkins clearly expressed wishes
vtie thai The stock should not be parted
with, and furthermore that the unani.
mons consent Of the board OF trustees
would be necessary before the sale could
temale. Mr., Glrrett is q member OF tho
board. AstO Mr.. Garrett'a own stock, II
hindeutp1l that he will provide against
lbeRpln.ion or sale Of the 80, 900 shares.
Here sid one Of the gentlemen who
talked uponthe subject, 'ate SO 800 shares
absolutely locked up. Ofthe Is, 900 shares
remaining, 1t may DO said that not more
tb'n 25OOO shares are floating and a
large portion Of these are really tied to the
$500 That Is to say, the owners will fol.
Low the lend OI lhg three vFpnk hOIinFR