Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-06-19
THE H. 4 o.'s FUTURE.
The Meeting OF the Directors Nester-
day-PIans OF the Syndicate.

At the monthly meeting OF the Baltimore
and Ohio directors IN Baltimore yesterday the
city OF Baltimore was Represented by is d.
rectors for probably the last time. In the
event of Mr. Bacon paying FOR the city stock
on July !, as he has agreed. they will retire BY
virtue OF having nothing to represent In re-
gard TO the state directors, Mr.. J. Mckenney
White and Mr.. J. W. BAughmAn stated that 10
mad been agreed between them and eK-Mayor
Hodges that their proper course would be 20
unite IN joint letter 90 the board OF public
works resisning their positions. and thus re-
neve the board OF all embarrassment in naming
the two directors who shall remain in the board
20 represent the states interest in the WASH
ihgton branch and the two who shall retire an
result OF the sale Of the preferred stock Mr..
white said that he wrote 20 Senator t;orman
tuesday stating what his colleagues had
49, 90 ~ IA ,he matter and asking n he would
JOIN In the letter when prepared No reply has
YET been received from the Senator but ~ /.
snousht he Will pursue the course suggested
Inc resignatons will be sent m IA early a.
practcable. and il is probable that the board
OF public works will name the two represept.-
tyes early in July
Inc financial statement for Nav submitted
SHOWS an increase IN earnings by all lines east
OF tne ohlo rs compared with May 1889 OF
1880 80, o@ ana an increase OF expenses OF
sol.64S The total earnings of these lines for
TIE month amounted to 81. 527. 6l7 and the gross
expenses TO sl.O6S. 139 The earnlnrs of IN.
entire system Tor the month we're s2OO6 5Ss
s aliu 'he expenses 500. 1Sz, there being net
increase IN earnings of s666sO
Ihe Baltimore sun this morning saws. IL in
reported That the syndicate who recently pur-
chased the baltimore ana Ohio stock have an
agreement with the Garrett holdings by which
the stock held by the parties Interested IA 90 he
pOOltd Tor three ha IL
ihgs represented in the pool will be IN the
htlShborhood of 10000 shares an amount
largely IN excess OF the required number TO con-
. uoL The Garrett holdings are 50. 600 shares.
Ie city STOCK To be secured 20 500 and the Johns
holkin 1900 or 5000 acgregatlug abont
'o.V"V shares 10 tins will be added the pri-
'atc hoIulhgs OF several persons who are inter-
ested IN the syndicate, bringing the amount of
control up TO the figures mentioned
WESTERN AND SOUTHERN CONNECTIONS.
The aim Of Mr.. Bacon, who engineered the
deal, says the Philadelphia Ingl1r,7-. WAS 10
get the Richmond Terminal, Pittsburg and
western, Northern Pacific and Reading inter-
ested IN the matter. although il was distinctly
Understood that no pledges or promises would
be made. The buyers came in simply as in
vestors. and without d condition that their
othtr properties would De benefited although
IL was, OF course. intlmated that something was
70 be done. The only condition laid down was
!
should pool their stock for three wears end
should give an IrreyocGble proxy for that
period 10 President Charles r. MAYER This
was unanimously agreed to- aud MIR. Mayer
VIII be the dictator Of the Baltimore and Ohio
ana vii elect a board OF directors TO suit him
sell until 1884 While nothing of a binding
nature has been arranged IN tue way of connec-
uons II Is well understood what viii be done
short line viii be- bui.t from the baltimore
ana omos Metropolitan branch across the
lotoinac river q connect with the Richmond
and DauyIle system. This Is expected 20 throw
good deal OF all-rail traffic over the Balt-
more and Ohlo's lines directed toward the
north ana also toward the northwest
NEw ROUTE TO CHICAGO
I'm connection with the Pittsburc and West
ern new short route is 20 be constructed be-
tween Baltimore and Chicago. The route will
be over the main line to Cumberland. thence
over the PIitsburg and Connellsyille TO Pitts
burg, thence over the Pittsburg and Western TO
Akron. OHIO. few miles Of road will be
bullt from Akron to Chicago Junction, on the
baltimore and Ohio. This route is thirty miles
shorter than the one IN use and has TIA.
additional advantage of passing through Pitts
burg. 1t will be used for fast passenger and
fast freight TRAINS