Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-06-12
RICHMOND TERMINAL
ITS INTEREST IN THE BALTIMORE
AND OHIO RAILROAD DEAL.
An Interview on the Subject with Mr.
John II. Inman In Warrington
Directors Meeting.

A special dispatch to the Baltimore Sun
Tuesday night from Washington says:
A compactly.built. stalwart six-footerr
stood al the counter OF the Arlington Hotei
to-day and wrote upon the register IN a
firm business handwriting John Ii. In
man. New York city" Accompanying him
were members Of tue New York mercantile
community sent to Washington in the IN
terest Of the Improvement of the Alissls-
sippi river and who will appear before
Congress tomorrow.
My object in coming 10 Washington az
this time. % said Nr. Inman. rs primarily
to add my mite relative 10 improving the
Mississippi river and It's tributaries.
TIE PURCHASE.
at is quite likely" he continued, that
! will have something to say about tho pur;;
chase of the Baltimore and Ohio railroad
stock. but nothing definite has been agreed
upon as to the part the Richmond lermi-
nal will play in the transaction when
Mayor Davidson has Just sanctioned. Ihere
arc eight thousand miles OF railroad tracks
terminating at Washington and known as
the Danylle system. but which have vast
territory lying TO the southwest OF TINS
country and tributary TO them. Naturally
enough we desire an outlet for our trade at
New York. and the necessity for purchasing
the Baltimore and Ohio STOCK Will be ap;;
parent M q glance. This task was intrustedi
10 Mr.. Bacon who is vice-presldent OF All
of our southwestern connections, ana ne
has accomplished everything satisfactorily
to those who gave him instructions.
NETTING OF DIEHcToEs.
when return to New York tomorrow
there will undoubtedly be meeting called
of the directors Of our roads, and then II
will be determined whether or not the
Richmond Terminal will be represented
individually or as corporation IN the new
deal. NEGOTIATIONS have been going on for
the past ten days. but they have not crys-
talllzed sufficiently for me TO say inst what
the attitude of the Richmond Terminal
will be, but il will be interested either dl-
rectly or indirectly in improving the op-
portunlty to get TO New York without
further molestatiOn."
TALK WITH ,fR. SLOAN.
As an evidence Of the extent to which
the Baltimore and Ohio IS interested in the
deal. 1t was stated last night by Mr.. James
Sloan one Of the Baltimore and ONO
directors, that tho distribution OF stock
purchased from the city and tho Johns
HOpLiDg trustees would be left sOley in the
hands OF Mr. Charles +. Mayer, president
of the Baltimore and Ohio. He would say
into whose hands it should be placed, bnt
il was not possible now to say what dis
position Mr.. Mayer would make Of i
In alluding TO the rumored consolidation
of the Baltimore and Ohio with the Rich
mond Terminal Company Mr.. Sloan SAID
that while he could not state this ms fact
still there was a tendency III oil directions
to effect closer unions between railroads
than heretofore existed. Such consolida-
ton. he said, undoubtedly cheapened
transportation and resulted in advantage
to both the public and tho corporation.
That there would be in the near future
closer affiliatiOn between the Baltimore
and Ohio and the Richmond and Dan
vile roads he had no doubt. In fact. he
spoke with almost n certainty on this
point. but that it would amount to con-
so!ldauOn he was not at this time prepared
to saw. That the deal would result in adj
vantage 10 the city and the Baltimore and
Ohio road he was sure, he said. as there
/ would not be afforded better opportunity
for carving out unmOlested any plans
that might be formulated and that require
secresy Tor their successful consummation.
THE TERMINALS s NEW SECURITIES.
The New York SIN Of yesterday says: IL
| is officially announced that the holders Of
seven eighths Of the stock of the Richmond
Terminal Company have subscribed TO the
new securities offered TO them in connec-
tion with the solidifcation of the COM
papy's system. Reports that the company
! win have an interest in the Baltimore and
/ Ohio stock which has been secured by Mr..
| Il. r. Bacon and his associates are persist
emily circulated. and with reason. as there
is some basis for them. The President of
the Richmond Terminal Company went to
| Baltimore this afternoon, presumably IN
relation to the matter. 1t should be stated,
however, that the present negotiations are
not with the Richmond Terminal Com
pany. but with capitalists who are largely
Interested in it and identified with its man
! arement