New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-04
Still, ANXIOUS ABOUT c.. w. AND B BONDS
THE STOCK DECLINING IN BALTIMORE SINCE
THE INTEREST WAS not PAID.

baltimore, hUrfl , Cs:prciaD.-tt evident here
to-day that tho announcement that th" Farmers
Loan and Trust Company Of New York would pur-
chase At par the interest coupons due May l. on fhe
SR9"OOOO ~ Nr-t mortgage Cincinnati, Washington
and Barmurr - per cent bonds guaranteed by
the Baltimore and Ohio Company, had not fully re
stored confidence. a. Cincinnati Washington anl BAL
iimDrc stool, declined two points iTpm yesterdays
figure. 1000 sharr-. CN-cUuron, l"InS sold az Va
Many members Of the baltimore stock Exchange be-
.eye that the Ealtimorc and u!Io + no purchaser
" the coupons, for which Il Is the guaranor. This
method Of purcs asiuC rather than directl" paying
Interest coupons loans In which II + concerned Is
not new policy with the Baltimore AMI ohio Com
pany There was talk that some OF III" coupons
NAV be presented to tho Trust Company for pay
mrnt and when refused sent to the trcasurcrN ofc'
Of tho Baltimore and Olio. But a paper signed 10y
President Mayer addressed 10 TYraSurrr IjamS, anh
rated Aplil ri. direct, tie tra-drrr not to pay 'n-
cinraL Washington and Baltimore coupons II PR
,"EtCd. The paper set forth The story OF the pend
uc pro- ceilings for IT, rcrrGln.a"n Oi that company
The movements Of the reorganization committee and
ads that tho Baltimore and Ohio can tab"
action In r"g1"l To tn" coupons until the maj di'
position Of the matter which * cNpoci"i a. an early
dare The int!ma,ion Is given that the payment Of
tho interest Is cnjoinci until e." settlement OF III"
questions Issue. Oi this paper WAS s'nt 10
Tho Bal,iu orc stock Exchange am rcai 10 the msm
bc:S The validity Of tho guarantee Is NOT questioned
' Baltimore
flnntly promised that H." r'olTa"2niior VIII pl.c"
rr.,c blends upnn such a basis that her will u" NJ
H'ir drrbt Of thc a'ily 81 ~" G.. w. ard L. - meet
lie irrcrc,: upon them. IIamNl"tou " Go. the bank
,r. WHO ar particularly Interested ii~C.. W. and j.
affair. will In heir cirrula" :" ri"~'w say
Why the dItirct!Cn between buying and payinS
tho coupon, ! ould - male is no; explained and It i
.urrise,l that the baltimore and ohio Company In
,u;iuc The coupons rAIc'I, T. gain SON" adN aniaGc
mi such aIylnagc scarcely compensate for The
los, OF prestige ia not promptly fulfilling lis ayr"
pcpt Whatever may be Ii" result. Cincinnati. wash
my'on AMI Baltimore hIst mortgage 4l@ pcr cent
rp.le lnror>rd by IL" Raltim"r0 AMI Ohio have been
,,,cl. q, I'm the future lhr prompt payment Of the
....,rrt, p. icy InatuI" Will he questioned. tor.d
erin: the rtcrr, dinIculr, uf N" Baltimore and OHIO
Company 1t I, beyond comprehension that Their should
10 \ moments delay in performing tho strict o"lIa
ton Of it, contract, am Obligations. Although the
rcccycrs of the Cincinnati Washington and Bal more
umpsuy were cUlolnsi from paying any cOuppn''
Mcy have since pad tn" coupons dlo January on
"inCluuau ard ral'mur" huudI AMI W. can under no
circumstances realiz" Low iHjnTc'ion 10 plrrer
The Cnicago. Washington and Baltimore Ionlahy iTo,
an excuse for n" Daltimor' AMI Ohio Company no.
promptly performing ~ contract
THE COUPONS WILL BE IGNORED.
| TIL, scare created In BaltiuOre among holders OF
first mortgage IL per cent ho"dS OF the Ilnchha
Washington and baltimore Rsillodh' OWING " INC
rumorS that tho Interest duo May NouIn ho' Uo
paid on the presentation OF IN, coupons Is sppareh'
without foundation, Is the statement 'hd' '"r
| coarorS were purchased be the Farmers Loa' al"
Trust Company without payment being mai" Tor 'e'"
| President Roswell c. Rolson. Of the trust company
SAID Yesterday that all coupons On IN" h"nH' pr~cr
al its Offices woull he paid for at their l"e '"'"''
H.. drcrrd to lay anything however a TO inc 'rn'h
| ~ tho r,mor thar tn Baltimurr and ON" kairoad
| .on,p,ny had rcpudatCd IT'S liability nndri me
| guarantees gwen Tor the principal ana lh'r'r>t ~
| ~" NOads, ana h'th.iE 'nnu ~ ''''' - WV ''
| from tho officials O: that company,
THE PRESIDFNCY or RICHMOND TERMINAL
| The expected meeting Of tbs R'chn Nd Terminal
directors Wa, no held YESTERDAY. Trey VIII p"'OAhy
| ,,.o,,rle next week when a change Will bo made In