New-York tribune., 1890-05-26
WHATEVER DEALS THE D. AND o. CONTEM
PLATES ARE NOT TO BE MADE BY NEW
HOLDERS or \ MAJORITY CT
THE STOCK.

Baltimore. May % C>pccaD.-Pres sGcnt Mayer, Of
inc baltimore and Ohio Railroad Company, while de-
cailnS that the Garrett holdings Of stock arc not for
sac' admits the truth Of the report that
uol' are contemplated. \ banking officer who knows
thing or two about the Garrett investments says
ilat all the rumOrs about the family letting control
OF the road slip ont Of their hands nonsense.
President Mayer. who represents the Garrett family
and Is ambitious to develop tie property and place
IL again upon dividend paying basis. will not re
hnqni'h his hold upon the executive. The movement
which has caused mach talk the last week. said this
informant, Is engineered by parties in the interest OF
ue carrots. Ever since Mr. Mayer has been prcs
dent he has wanted to got rid Of the politicians repre-
sentlng the States and Baltimore City's interests in
the directory. The state has four director, for lis
1000 shares and tho city directors for S a2j00
sIarcS The men are of no whatever In directing
or advancing the Interests Of the company. Their
places could be ned by the representative, of other
ralhoad Interests who Nodd be vauabc to the man
asement in making extensions or connections. >cna
tor German since he ha, Lccn a state director has
gwen the company trouble. and have all the Other
politicians who from time 20 time have figured In
the directory. The new management Of the com
pany, though controlled by tie old Garrett interests. Is
determined to push the road ahead. The capital
stock viii certainly De increased $loooOoO0 and
probably 7l3.OOO.0OO. The common stock now az
1h" company HOW needs from S,,00o,0o0 TO 10000
600 Tor terminal Improvements at staten Island.
Chicago Washington and station, at other points. 1t
the staten Island property, bat additional ware
houses, elevators. pc'. ETC. to be erected IT i
impossible for the Richmond Terminal any other
outside parties 10 ect control Of the Baltimore and
OHIO without the consent oi the CARROTS. Even
should the city's the states and the Johns Hopkins
holding pa,, into ont ,dc hands. the CARROTS with
their 81 100 sl.src,, ontolng thousand, more
held by private individuals, would st have safe
majority.
There is certainly deal in yroHeo, between the
baltimore and ONO MANAGEMENT ard the representa-
tvc- ~ southern uc-, but Whatever arrangement j.
effected Will be with Tie consent oi lc 'd1I'',7'
Il. movement b. GENERALLY believed here To- be- the
Nival 81 tn scheme c0nDmplat'd bl Robert "huct''
talyu = BUcc and Others several Year d4o IDf
Joining the Richmond Terminal AMI Nr-t fuhi Kan
way. Reading Railroad. baltimore and ONO Railroad
AID the CeutIa. Railroad eli New jersey INTO one gen
c,al -y,tcm each company maluiairuf I'' 9rpiialH
o-:anzaton. The total number Of miles taNcI,cd
lN such q system would Doe lo.5-i.
FuDsh ifatt one u On" city finance commissioners,
SAYS that Pc~d NaNcr told nm tlai tHc ''diIrtt
stock va, not 'oi sale and that hc 30 informed the
Nc1 York capitalist, maiIuc tie inquiry. LAT "ccN
ana PIT burg Railroad company, the interest uppn
which ls guaranteed lf the baltimore and ONO Com
pAny were negotiated ri London. ard TlN'uoop ~
a.ucf ia 'h!s ,D.-frv. fhr proceeds - lr used u
lu.ld tho rotd Ih. bond, in Doe l~-tcd hN tAr l,'t
Haii 0ad while Not 20 bc indn;~d DIS TIE halilH"Ir
and OHIO. trr -1lG - ir -'rl.'f ht ulh' con
ffArt with tAc Baltimore and ohio when guarantee.
an amount cluvnl.nf o. fN. Interest ou tho lcli rpW
bonds. No' long ago -7uuVtD N0noufthcln Efrr
I.ailr0af bonds : c4artrfc"d Dos TIC 'ufIu".r ana
ONO vrrc iod and fh. rowptuf lt- "' lir'l pl'p
crty ard u,-i.f'd roads ~ various poin'-. -" ''f
is obvou, tlaf the published n't earnings ma} h''
D 10 A