New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-04-21
CHANGING B. & O. BOOKKEEPING.

n
PLUs-FRIENDLY WITH THE READING.
| Baltimore, April 90 (speclaD. -Under the plan
OF reorganization the big item that under the Garrett
management was carried IN the reports as surplus
whom strictly IL was nothing Of the sort will be
distributed under the heads of various investments.
Banker Hambleton's circular for this week, TO DO
issued tomorrow, will say:
The new management of the Baltimore and Ohio
Company are evidently determined to conduct the
affairs Of the company upon business principles and
as beginning propose to find out exactly the true
financial and physical condition of the company.
To this end committee Of investigation has been ap-
pointed and tho holders Of the securities of the
pany will in duo time be informed OF the result Of
the proposed investigation. The statements of Presi-
dent Spencer much satisfactory than former
reports. But there are many things which are sus-
ceptibe of further explanation. The fact that the
DreIelM Morgan syndicate was willing to buy S7,50000o
general mortgage bonds subject to all prior liens is
In itself sufficient evidence of the ability Of the CON-
pany to meet all obligations.
"The decrease OF 1920 900 In net earnings COM
pared with the spondng six months Of last year
mainly attributable to increased expenditures for per
maneDt bettermen, which, 1t seems, for the first time
charged to the expense account, where they prop
erly belong 1t Is proposed in the future to make
monthly statement Of earnings and expenses
President Spencer when asked II he had
noticed the recent purchase Of property In Phila
delphla by company for an elevated rail
road into that city and station at
Market and Broad ss, which would give convenient
connection for the Baltimore and Ohio, said that no
knew that the Reading Terminal Company had made
such arrangements for the Philadelphia and Read
ing Railroad Company and they would prove advan-
tageous when the passenger part OF the Baltimore
being observed. He had not learned OF any dsposI-
ton by the Senate Committee Of the S
Ss bill ae Expected that Eyas
bin extending the time for completing the bridge
would be passed, as there had been considerable delay
anticipated that there would be no change Ia the plans
as more than half the cost of the bridge has been ex
pended
THE RICHMOND TERMINAL TICKET.
The RIcc-Libbey party, who arc endeavorng 10
obtain control of the Richmond and West Point Ware
house and Terminal Companys property and railroads,
yesterday issued their official ticket for directors to be
elected the annual meeting in Richmond on May 2lst
The following the names on 1t August Belmont !n
Robert Colgate, ". S. Gurnee, Ii. b. Houins, JOhn
Hone, IT., II. Van Rensselaer, Kennedy, Rudolph |
Keppler Frederick N. Lawrence, Emanuel Lehman |
william Libbey, F. II. Lowell and Isaac L. Rice, oil
New-York; f W. Clark Philadelphia; Thomas Janney
baltimore; +. r. Alexander savannah A l. Tayior |
Alabama One Of the nominees stated thar me ucaoe
would certainly be elected He also stated that Cen
era Alexander viii not be elected to the presdency
of the company.
~
lhb inMlGhhNI hAlE WAN 10 w.
Commissioner Fink stated yesterday that he had et-
fected settlement Of the immigrant rate war which
has been carried on by the various trunk lines rep
resented In the Clearing House. The agreement
entered into by tho various roads Is to the eheo. %
all passenger business Will be transacted through tho
bureau In Castle Garden in the Same manner ana Oh
the same basis before the recent troubles NO ou
side commissions to be paid and the talin as LIEU
by the Clearing House is to be adhered 10 s'rouS'
He also said that during the troubles Immigrant pas
songers had resped benefits from the reduced rses
any extra rebates having gone into the pockets on ru
ners and steamship companies The Pr1pIb s dcyssed
At future date, when Il is hoped that set.,Hcory
the question VIII DO reached which VIII DO sN"SA~'
10 all the railroads.
REDUCING RATES OUT OF MILWAUKEE
milwaukee,, April 20.-The announcement u INC
Chicago, Burlington and Quincy that IL VIII no, ssIeo
10 sustain freight rates after May is looked upon
IS preliminary 70 the outbreak of another freight war
freight agent here said to-day that the war oreAs
put 1t viii be the most severe ever known IN these
parts, and will overshadow the one recently 0ioSe~
The Chicago, Milwaukee and ST. Paul Railroad, IN
common with tho other railroads In the
erritory, to-day reduced rates nom MI" Sui'oo "
Denver, Colorado Springs, Pueblo, 1riDdad ana Chey
.nne, Wyoming, hrstclass, 81 80; second' 81 4o {
bird, 81 "a; fourth, 81 90 9Th, 90 cents class A,
70 cents d, 81 c, 20; ID. co. ~ ond per Io
'ounds Lumber, 40 cents per 100 PP be reduction
lfcfious tato ~ % LOT SlHoo.
vas made TO meet a cut by the new son.heIn IOal
Milwaukee railroads to-day reduced ,no Ptoe VI
Icess baggage coupon money tags nom u ." " 9Ao
MISCELLANEOUS RAILWAY INTELLlOENCE 7
Kansas City, April 20 tspecaD The directors OF ths
kansas City, Fort Scott and Gulf and the hasas O.S,
springfield and Memphis Railway systems INST a' u" r
nce General Manager George H. Netteton thiS morn
ng The object OF the meeting was to consodate the
fereht small companies forming the two systems INTO
no organization In building the Fort scots system
arge number OF minor companies were orsan1ou IN ui'
aren't parts OF Missouri ana Kansas The consolidation
ras matter OF form and wholly for the eonyenonee o.
company In managing It's business IhsyT MeS Ses
eparase organizations IN the old system Al ne tosas
Itss consolidated uRael IA pame ef no Asnss Asb IL