New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-03
ANXIETY ABOUT c.. w. AND b BONDS.
DELAY IN PAYING THE INTERFsT-CnNF1lCI


ING RuMoHs As TO THE CAUSE.
Baltimore. May Q (spcciaD.-Rumors that tho Raft
moro and Ohio Railroad Company would fail 70 nr'n
tain Ito guarantee OF Cincinnati. Washington and Ea',
tfmore Railroad bonds continued \" circulated on
'Chsnce today President Mayer stated that nrraaSc
nhcnts had been male by the Baltimore and ohio To
tcko up the 4Ic cent coupons Of til" Cincinnati
Washington and BaltinOir dn" or Nav l. the money
for which vas not forthcoming Yesterday TREASURE
Ijams said M unaware that any arrangement han
vet been made. Tie criticisms I'm financial circles
wrrc as severe rs hcaru among mon who al"
pfovcTdslly cautious when discussing matters wh"rc
credit is concerned. banking house received cable
dispatch from London yesterday saying that the paw
meat Of the coupons had been enjonoi. Another
banking house had dispatch from thcit correspond
snts 70 the effect that the Baltimore and Ohio hav"
caOed notice that tho payment Of the coupons on the
Cincinnati, Washington and baltimore bonds has oecn
deferred Many of the Cincinnati, Washington and
Baltimore sccu ilios held abroad, and The news
BY csblo excepted as important The deep In
tere In the matter grew ont of the impres that the
Baltimore and Ohio proposed to contest IT'S guaran-
tee which would be the practical effect, II the payment
Of the coupon withheld until legal questions ac
settled. q appeared 10 be conceded that M" re
ceivers Of the Cincinnati Washington and Baltintr"
would NOT pay thom and that the Baltlnc.e and Ohio
wuuld have b. be called upon. There is a clos" ALL
snce between the two companies Colonel Orland
Smith Is vicepresdcnt Of the baltimore and Ohio. and
president and receiver Of the Cincinnati. WaS'nr"o
and baltimore. The INNOCENT holders az III" bouhr.
who bought them because Of the guarar tee" could rot
see that they anything to DO with the eca! states
Of the one railroad Ia" other. \ broker represent
Ing holders Of the bonds said that had yesterday not
been bank holiday in New-York the coupons would
have bcen presented 10 thr Farmers han and Trust
Company of New York, trustees OF TIC mortgage. and
II not paid would have ben promptly presented at
the treasuers oice Of the baltimore and Ohio In this
city. AS it was bOndholdcrs did present several cou'
pons to tho the Baltimore and Ohio treasurer but they
were not pad. James Sloan, jr Of TIE baltimore and
Ohio Finance Committee said:
aThere Is no doubt that the coupons Will be pald
Tie guarantee Of the principal and Interest bS the
Baltimore and Ohio Is uDquestiOncd. Tb" coupons
will be paid In NewICrk within day or TWO. Inc
baltimore and Ohio wants TO get legal dcrstLding
a to the status Of certain questions concerning the
Cincinnati, Washington and baltimore
The statemcnts OF President MayeT ana members OF
the Finance Committee this afternoon somewhat ~
stored confidence In the Baltimore ana Ohios inen-
taou 70 Its obligations. dispatch To the FIRST
National Bank Of Ncw-YUyk nv baltimore banking
house today ELECTED The reply that the Farmers lnsn
and Trust Company buytnC the Cincinnati. Wash.
tneton and Baltimore coupons, hut was not paying
for them. Whether buying means In this case DIS
counting could not be asccrtanen In this CITY. On
this vague Information the bonds went UP to 90. IN
advance Of LIZ points the lowest rate OF yt'stT.
day.