New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-03-23
RAILROAD INTERESTS.
PRESIDENT HOOD OPPOSES 1T.
AGAINST THE SCHEME TO SELL HIS ROAD TO
THE PENNSYLVANIA

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Baltimore. March 90 CspeciaD-Severai conferences
have been held between prominent officials Of the
West Virginia Central and the Western Maryland
Railroads the last few days which, Notwithstanding
the denals Of the parties directly interested indicate
sort OF deal. President Hood. OF the Western
Maryland, will make a fight against the West Virginia
Central or the Pennsylvania getting entire control OF
his road by buying the citys interest in il. The
Western Maryland Is in an alliance with the Baltimore
and ohio and the Reading by which arrangement the
two latter roads 10 the Cumberland Valley
branch Of the Western Msryla for n short connec
ton across the Cumberland Valley. President Hood
In an interview said
should the West Virginia Central Railroad be
able satisfactorily arrange with the Baltimore and
Ohio for the handling OF It's business between Cumber
land ard Cherry Run, which section of the Baltimore
and Ohio Is favorably situated with It's continuous
descending grades, the Western Maryland with the
Cherry Run connection would be in position to
handle the West Virginia CenTals business TO I}alt
more or other points advantageOusy rs though an
Independent road but from Cumberland to
Willamspot. Md This. without the expenditure 10y
the West Virginia Central of say $3,00O,0OO for
eighty miles of line through a heavy mountainous
country and say 5s,0oO,000 for the purchase Of the
Western Maryland. Which together would seem TO be
a big load TO be assumed by hundred mile railroad
which has cost from S2.O9O,OOO to S3.0O0OOO. /
assume that the $jj0O,O00 of stock Of the West
Virginia Central Company was not actually subscribed
bat exchanged for the coal lands and other real estate
of the company. and so not used In connection
with the railroad proper
President Hood further says: "The alleged inability
oi the Baltimore and Ohio Railroad to handle the West
Virginia Ccnials business has been urged a. the chief
reason why the Chesapeake and ohio Canal shoIi be
turned over 10 the West Virginia Central. II might
then construct railroad to Washington with con
ncction At William port with tie Western Marvland Tor
Baltimore. The section Of the Baltimore and ONO IN
question, Cumberland - Cherry Run. l. practically
without limit To capacity for such Business.
President Hood declared that the Western MARYLAND
deserves better fate than Ia be summaTy s0ld out 10
the Irnnsy lvana Railroad Company "Or lts CatSpaW,
the West Virginia Central mtlmating plainly thl IN"
PENNSYLVANIA is behind tile scheme to buy the western
Mary land Now the question of leasing TIE ROAD i
Icing talked Of and the deposition i To pay pr
cent the Indebtedness OF abOut S4,JOOOuD. WlIl3
the total indebtedness Of the Western Mary land tO the
1ty Is about T1,3OOODO. large part Of this j. az
Cumulacd Interest. II a sale pf the CityS interest
contemplated the city wOdld have 10 continue II,
responsibility for the payments OF the bonds whch II
has indOTsed II is hardly likely that any 0i the
holders would be willing tO surrender such good Sc
curtcS allow the responsibility for the payment oi
the principal and interest 70 bc transferred from ~
desirable debtor rs the city government