The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-02-06
TIE BALTIMoRE 4 ONO.
The VlswI Of vlso President King on Rat,
War-Entranos to New York.

WAF-Eatranes to New York.
PHILADELPHIA, Feb. j.-A correspond
ent Of the Times teegraphs from New
York in regard to the rate war among thu
railroads, AS follows; found Mr.. Garrett
at his Office in the Brevoort House. lit
was so hurried that he referred me to Mr.
King, his Vice President, who was with
him, as was also W. w. Peabody, Presi,
dent Of the Ohio Il Mississippi, Mr.
King said; mo railroad In the country
has more interest in maintaining rates and
conserving general peace among the
trunk lines OF the United States than the
Baltimore 4 Ohio. II is managed Jointly
In the interests OF the public aud those
who own the property Our road has no
interest in speculative ventures. II stock
has never been listed ON the New York
Exchange aud II Is never for sale, excep.
where the division Of an estate or some
other accident Compels lts sale. | doubt II
thousand shares Of ii could be obtained
at less than 200 to-day. The road Ia out
oil debt, has q large surplus In the treasury
aud never built or leased new lines except
they ara paying feeders to the general sys-
tenn, In Its pas; or present policy there is
no difference whatever between its share.
holders and management, The State Of
Maryland, the city OF Baltimore, the
Johns Hopkins University and the other
public Institutions that are numbered
among our stockholders are as earnest in
support otthe road as sthe individual share.
holders. Our company IL managed pFi.
marily for the benefit Oi the city OF Balti.
more and the State In which 1t is situated.
"Why do you build the new line from
Baltimore to New York and Philadel,
phla2'
"The old Rdags that all roads lead to
Rome will apply in this case to New York,
which Is the great centre, with Philidel-
phia the second city In population Rnd
commercial Importance. We believe that
we can best serve cur State and city by
uniting our three thousand miles OF road,
stretching west from Baltimore, withthese
two business centres, giving cur patrons
and HhippeTs direct access to the same with.
out being subject TO the control and direc.
ton oil rival Companicg, and also find
Increased markets for the soft Cjal aud
mineral deposits Of Maryland and West
Virginia"
NO USE FOR THE JERSEY CENTRAL.
"When will you reach New York?"
"Thsre isNno physical reason why we
shouldno be doing business at our Staten
Island terminus by the irst OF next Ds.
cember. do not believe there is any
legal reason why We will not do so. /
d'mly believe that no obstacle can he in.
exposed by other lines or other interests
hat can prevent our coming to New York
and be In readiness ior businesin less than
year from the time. We shall reach
Philadelphia and have our connection
with the Reading System made by the first
II next June"
,ral?"
"No, cir; we shall haye our own line
from Baltimore to Philadelphia, use the
Reading 10 Bound Brook, and build our
1wn road to connect with the Staten Island
property viii, we have recently acquired.
That is settled"
Suppose the Pennsylvania should &C.
quire the Philadelphia and Reading, as
me New York Central acquired the
Nickel Plate and West Shore rosds?n
"fhe acquisition Of tho Philadelphia
and Reading railroad by the Pennsylvania
railroad would not, in my judgment,
affect our contract or relations with the
Reading, and we take II for granted that
either Of the two lines running between
New York and Philadelphia will bc glad
TO afford US all facilities we may require
in passing our tonnage between phila.
lelphia and the Staten laland terminus.
AS long Rs Our contracts stand and our
business ia performed in satisfactory
manner, the question Of stock ownership
Of the Reading will be immaterial to us.
All we desire 10 do in coming TO New
York 10 to put ourselves on on equality
with all the other lines. We have no
fear but that we Bhall be able to compete
with them"