New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-02-14
RAILROAD INTERESTS.
MR. BACON,s OPTION, NOT MR. GOULDS.
Mr.. INMAN EXPLAINS THE BALTIMORE AND
OHIO SITUATION FOR TITEM-THE CON
troll STILL ~ TRUST

troll STILL ~ TRUST
The statement in The Tribune that Jay 'on'd mao
secured no option the control OF the ba''"o'o anu
Ohio Railroad received additional confirmation Ies'''
day from John II. 1nman president Of the hlc"i'o"u
Terminal He gave a few more facts as TO the stu
alton which VIII lie found in the following state
ment:
81 NAV as well say right OFT that have no option
On baltimore md ohio Mr. Gould may have II no
las ! know nothing Of Il. About hve-cieh'u' VI
Baltimore and Ohio common stock. or about q7oo''o'"
ont Of the 900 900 Is held in trust by the Farmers
Loan and Trust Company As trustees Tor r. H. ha10''
Robert Garrett Il sons and their aSsocHte' INN
stock was put in trust June o. l7'o' ana 'le u",.
cypircs July l. 1903. This stock holds the coh'roi o'
poit,norc and Ohio OF this stock the CARROTS own
- 600 900 Richmond Terminal Company T4ooooo anu
,bo balance T. held bv Mr. SAGE. Pttbnrg people FNch
ard one or two Others The fact is that f. H. baoo"
has been securing option on the purchase Vi ','9
,rrst stock. . He applied to me and gave him the
option on the stock controlled. 90 ho' N"o"
whether he is acting for Mr. Goud OF hoV' ~,
an ls true that Mr. Could has been adding 10 MS
holdings NJ RIchmond Terminal stock. llo held al inc
,,,nc ., tho election 10000 shares. Within the last
three weeks he has probably increased ms mornings
n ohou+ 10 600 shares General Thomas hOldS ABOUT
40 900 shares No we have not bought any i"o
north OF the OHIO River rs reported anu VIC Wv NV
intend to- Neither do intend 70 go west vi NV
;issippi. We have not maze any b""' 49,
Louisville and Nashville. Tho matter mas HcN'' o''"
taken ND since II was dropped at The time oil the p''
h>1evo that Mr. Norton resigned from the presidency
for inst the reasons he said he did. II VT. Norton
s,ys a thing | will believe IT, have Known MI
Norton many wears We were cotton merchants 10
oc,hcr before we came here. II was AZ Mr. Norton ,
solicitation that originally entered the Louisville anu
Nashville directory | resigned. however abou'
October 90 last year. because had become mo,o
interested In Richmond Terminal and decided 10 any
myself with this property alone. Tho two interests
fo1uently crossed and this the only course 'ouu
adopt in Justice 10 myself and Richmond Terminal
1T is truc TINT we have become more aggressive
toward pcnnsvlvania. but this Is because we want
better facilities and better rates. We might nave hau
them before II we had been more aggressive !" -
true that Mr. Gould has been In conference VIII
Pennsylvania officials Mr.. Frank Thomson rode o''r
10 Washington with Mr.. Gould when we started ioF
tbe South think the Pennsylvania IS disposed 70 %
friendly and will give what We want iI' ,LP.,|
however will come I'D next week after Mt "ohiu gus
here t, a. Mr. p,cou
MIR Imam, option that he has given 20 MI ha,.n
on IA, holding, In the Baltimore ana ONO SnuI,a,o
by no means carries with II the couirol oi lH iI
evcu n ". bacon might be acting Tor M ,''NiIA.
Unanimous agreement wOnld he necessary ~ " 1910
thc inrou trust II H. not believed that Mr. haT n
i. v.orK,nr Tor Mr. Gould. Russell sage anu otneI
men who are i'm a position to be acqunn Gu VIII III Wv
fact; >ay that any option which Mr. baru t" poii
esient Of the Baltimore and ohio SOuthWc>'eIn ha,l
rn,d might obtain or be seeking wouu ne li ,"c
benefit OF the present owners ana for INC '"9' ID
whole. Mr. Bacon Is now at the West