The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-29
PEACE AMONG THE RAILWAYS.
Two Large Transactions by Which Harmony
Among the Trunk Lines Will Be Secured.

PHILADELPHIA, Sept 29-The most stupen-
dous deal in railroad matters ever known in this
country has just been completed, by which the
Pennsylvania, the Baltimore g. Ohio and the
Reading companies reach an amicable and equit-
able understanding. After showing that it intend
ed to come into Philadelphia and gain direct con-
nection to New York from this city, the Balti-
more g. Ohio railway has secured terms from
the Pennsylvania Railroad Company that are
entirely satisfactory, and has avoided the ex-
penditure of fully ST., 00O, 900, which would have
been necessary to erect it's ereat-local station or
carry its rails over under the streets
of this city. Gray's ferry becomes
its terminus so far as Its passenger
business is concerned, instead of Philadelphia
Through trains to New York will be drawn over
the New Jersey division of the Pennsylvania
railway, instead of the Readings rails. The
deal is in the nature of a compromise between
the managers of the Baltimore & Ohio and the
Pennsylvania railroads. The new line of the
Baltimore e. Ohio, which it was forced to build
from Baltimore to Philadelphia. will be in run
ming order in a few weeks, and will enable the
Baltimore d Ohio to fight the Pennsylvania
upon more advantageous terms should trouble
occur hereafter. Conferences leading up to this
important treaty have been going on for ten
days past and the final result was reached
at late hour Saturday night in
the shape of an agreement upon terms that will
form the basis of contract for long term
OF years between the Baltimore 81 Ohio and the
Pennsylvania companies The proposition came
from the latter corporation, and is predicated
upon condition precedent that the other party
to the agreement will not extend it's track to
New York, and will definitely abandon its pro-
posed connection with the Reading road in this
city. The Pennsylvania Company On its part
agrees to transfer all the Baltimore & Ohio
fva;x CHI Il
Jersey division, on the same pro rata terms paid
for its own traff1c-that is transportation shall
not be embarrassed in any way, and the
freight and passengers shall be
moved as expeditiously as the Pennsylvania
own business. The Baltimore & Ohio is to
agree not to take any initiative, while the con-
tracts in force in cutting rates from the
West to New York or the East. 1t is stated,
upon the highest authority, that these oyertures
have been accepted. Railroad officials say that
these tive deals are parts of general harmony
scheme among the great trunk lines. AS soon
as the contracts have all been signed, the Penn
sylvania and the Baltimore & Ohio reads will at
once form pool, which will be strong enough
to command peace between the great trunk sys-
TENS, and they further assert that a policy Of
peace will follow upon frmer basis than that
on which any previous agreement has stood.
PARTIAL DENIAL BY PENNSYLVANIA PEOPLE.
President Roberts, of the Pennsylvania rail.
road, says to-day that he has no knowledge of
the reported agreement between his company
and the Baltimore g. Ohio and Reading roads
He denies that any papers have been signed with
that object in view.
Another official of the Pennsylvania spoke to
the same effect, and added. '"The signs of peace
that have lately appeared in the railroad situa-
ton are misleading Of course such an agree
ment as you allude to has not been entered into
by the three companies, for it would be imposs-
BILE to have done it SO quickly. 1t is but little
over week since Mr.. Robert Garrett, of the
Baltimore & Ohio railroad, reached home.
Mr. Roberts met him, for the first time, at the
trunk-line meeting, last Tuesday believe they
did not have five minutes private conversation
at that time. Mr.. Garrett has not been in this
city and Mr. Roberts has not been in Baltimore
and they have not met since. Such conclusion
as is declared to have been reached is not an i'm
possibility, and do not say the subject has not
been discussed, but it would take week two
to carry out such an idea All our information
from the West is that connections there are in
favor of advanced rates, and there is every
prospect that the trunk-line meeting this week
will be harmonious.
A Baltimore dispatch says: 'The rumor of
an arrangement between the Pennsylvania and
the Baltimore IL Ohio railroads, by which the
latter will stop its road at Philadelphia, ap-
pears to be news in the Baltimore e. Ohio Office
Mr. Robert Garrett was absent this afternoon
but his chief counsel, Mr. j. K. Cowan, states
positively that there is no truth whatever in it.
He treated 1T more as a joke, and intimated that
the Baltimore & Ohio has other idea but to
push its road through to New York"
Mr.. Robert Garrett was seen tonight, and all
he would say in reference to the reported deal
was that In his Judgment the punishment of
Ananas ought to be going on extensively if cur
rency continues to be given to such statements.