The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-12-24
Tbe midland. Again.

BALTIMORE NOT 10 sANGrINE-THE ''oip
cAsiiv NECESSARY NOT FORTHCOMING.
From tho Baltimore american OF yesfer-
day Il would seem that some OF the enthu-
siasm OF that journal over the change IN
the directory OF the Virginia Midland rail-
road has oozcd out, and that 1t Is by no
means certain that the Monumental ci'y
will have everything its own way with the
Richmond and Danyile system.
The announcement IN the American yes,
terday that the interests OF this CITY li,u
been given majority representation IN .hc
Board OF Directors Of the Virginia aiid-
land railroad attracted considerable aiten-
ton, but did not rouse any degree Oh en-,
thusiasni, as the general opinion, founded
upon the experiences OF the past, appears
fo he that Baltimore has little to hope for In
the extension OF her southern trade through
thc Virginia Midland. 1t Is regarded as
extremely doubtful II the Baltimore ana
Ohio Railroad interest In the road VIII ne
retained permanently. as there are good
grounds for belief that Mr.. Garrett would
lie willing TO sell out for the same reasons
that influenced similar acton by hun III the
spring OF 1881, when he parted with tne stock
Of the Midland owned by the baltimore
and Ohio 10 the Richmond and Danville.
The price then paid for the controlling In
tercst was S3.500,000, OF which amount
the Richmond and Danyile railroad has
paid TO date about s2,9OO.00o, leaving
balance OF 100000 still due. when the
Baltimore aud Ohio agreed to transfer the
road, the stipulation was made that u
should hold possession OF the stock until
the purchase-money was transferred.
There Is now every reason TO believe that
the action-accomplshcd by means OF the
vote Of the Baltimore and Ohio when
led to the infusion of new blood into the
Midland directory OH Thursday was
occas;oned by the inability or re-
ftIsal OF the Richmond and Danyilic
to pay the balance due. In other
words, the Richmond aud Danyillc bay
ing failed 10 keep it, contract, the Bal
nnore and Ohio resumed control OF the
road and elected Board OF Directors Sc
lectcd by Mr.. Robert Garrett. The latt'r
held several consultations with prominent
businessmen OF this city before. taking ac-
ton in the matter; and having, with their
advice, solicited gentlemen TO represent the
city and Baltimore and Ohio's interests in
the Board, lie secured the consent o. The
parties concerned before presenting their
names rs candidates. The activity which
the Merchants and Manufacturers Asso-
citation has always shown in connection
with the Virginia Midland project was
recognized Ly the selection of Mr. John l..
Hurst, chairman OF the Associations Com
mttce on Transportation. and Mr.. John
Il, Bland, secretary, Is two OF the
new directors. The fact that these
t,yo gentlemen. who have been fore
most in the ranks Of those protesting
against the determinations against Ball
more i'm the matter of railroad communities
tions, are now members Of the Virginia
Midland's Board OF Directors, constitutes
one of the chief grounds for the hopes in-
dulred in by the more sanguine citizens,
who look for the advancement OF our in
tere.ts under the new deal effected Thurs
day. In the report made 10y the Transporta-
ton Committee OF the Merchants and
Manufacturers Association 1T the latter
hody's meeting or Tuesday, Mr.. Hurst. the
chairman, took strong grounds against
the continuance Of the present policy
OF discrimination against BallinOre's in
tcrcsts a. manifested by the management
Of the Virginia Midland. His remarks. TO
the eject that urgent measures should De
ad'p.cd II remedy was not effected, may,
in view OF his election IS director. lc taken
~ an indication Of the policy which viii
mark his career Is one Of those who will
control the virginia Midland during the
next year. The difficulty, however, ar-
pears TO be that the necessary capital TO
render the road tive property, 50 TO speak,
Of Baltimore. for all time. does not appear in
,ight. When the time comes that the Rich
mOnd and Danyille, feeling the effects a.
.,,inst titsyif, tIo-iiUs 20 ropufCha>c The road.
il not probable that President Garrett will
feel justified in ignoring the interests Of
the Baltimore and Ohio stockholders by
refusing TO sell the irgInia Midland stock.
The selfish Arguments Of those who desire
tie Baltimore and Ohio railroad 10 assume
the entire cNUcpsc 81 creating q southern
system. which will at iilsi be OF little profit
to any one except the merchants oI this
clfy. are unicnahlc on their face. Hecog-
nzing these facts and approaching the i'm
probability Of two or three million dollars
loine raised TO develop our southern trade.
the ciCaI-hcadcd merchant, Yesterday dill
not appear 20 be elatcd over the prospect.
They admit that all that can 'be done
without the aid of cold cash-ior our in
tCre,ts will undoubtedly be attempted by
The Baitimoroans COW in the \ irginia " o.
lind directory; butIt has been shown tha,
this cannot result IN an! pcrmancntadyan-
tage.
On The Stock Exchange yesterday Che an
nouuccmeHt OF the change attracted much
attention, but the effect on Richmond and
Dauyil.e wa, not developed. there Icing
no sales or tlat stock reported, the prices
asked being the same as on Thursday. Dir.
Sol Haas, general traffic manager Of the
Richmond and Dan,ilic system o. rail-
road, was in town yesterday in cog-
ference with Mr.. Reuben Foster, general
manager OF the York River Line OF steam-
ers. II is supposed the conference was in
reference TO the change in the Virginia
Midland directory.
= 81. E.Ouis Scandal Rcopcncd.
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