The Evening post. [volume] (Washington, D.C.) 1888-1889, 1888-11-03
ANOTHER DEAL DISCUSSED.
The Richmond and West Point Terminal
Co. and the ID. and o.

The weekly circular of j. A. HANDLE
don e. Co., of Baltimore, published to-
day, says:
The Danvile's absorptioDs have been so i'm
mense and astounding that the public are pre-
pared for most anything in this direction, and
are asking "What neXt?" The are some mys-
terious whisperings going the rounds regard
| ing possible deal between the Baltimore IL
Ohio and Richmond IL West Point Terminal
Company. The rumors have taken no definite
shape, nor have they been traced to a respon-
sible source, nevertheless 1t Is intimated that a
| deal is on foot between the Baltimore & Ohio
and Terminal, and it is even suggested that
| the Baltimore & Ohio might fall into the hands
and under the control Of the Terminal Com
pany. A year ago such suggestion would
| have been ridiculed and pronounced prepos-
| ferrous, but so many strange things have hap
pened that there are some who declare such u
| deal possible.
| 1t is generally believed that the Drexel-
Morgan syndicate, when 1t came to the as
sistance Of the Baltimore & Ohio Company,
was given control of the Garrett and perhaps
some other holdings, for fixed time, said TO
| have been five years from September l, 1887.
| Certainly the Drexel-Morgan syndicate should
| have considerable influence In shaping the
| financial policy OF the Baltimore & Ohio, and
| we presume the announcement that DreXel-
| Morgan & Co., have been appointed the
financial agents of the Danville system, gave
| rise to the rumor of deal between the Balti-
more e. Ohio and the Terminal companies
| We think we can say, without fear OF con-
| tradction, that ms long as the present manage
ment (by management we refer, Of course, to
the president and directors of the company
have control OF tho affairs Of the b. and D.
Company the road will never be sold to any
party or parties who are not interested In the
welfare Of Baltimore city and the business in
terests of our people, While the management
of the b. and o. Company lies with the board
of directors the stockholders control the prop
erty, and, as far as is known, such control is
| in the interest of Baltimore. OF the 10000
shares of Baltimore and Ohio stock, Baltimore
| city holds 33, 500, the Johns Hopkins Univer-
sity 1880, and the Garrett family about 3d.
| 900 shares.
These three holdings represent two-thirds of
the capital stock and voting power Of the COM
pany. 1t is, however, generally believed that
| the Drexel-Morgan syndicate, when 1t came to
the assistance OF the b. & o. Company was
given control Of the Garrett and, perhaps,
some other holdings for fixed time, said to
have been five years from September l. 1887.
Certainly the DreXel-Morgan syndicate have
had considerable influence In shaping the inan-
cial policy Of the Is. & o., and we presume the
announcement that Drexel, Morgan & Co.
have been appointed the financial agents of
a deal between the b. 81 o. and Terminal
companies.
| close alliance between the Baltimore and
Ohio and the Richmond and Danvile COM
panies should be Of great commercial advan-
tage to Baltimore, but for the b. and o. to fall
into the hands of those not interested in ouI
city would be a great misfortune