The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-03-22
o. & N. AND B. & o. DEAL
Gossip Concerning the Consolidation of
the Two Big Railway Companies.
Annual Report Of Treasurer Ligeett. of the
Pc, c.. & St. L-February Statement
Of the Weighing and Inspection Bureaus

just now the railroad deal which is at
tracing the most attention in this section
is that by which the Ohio * Mississippi
and thu Baltimore x Ohio Southwestern
are 10 be consolidated and operated by the
Baltimore * Ohio as the Pennsylvania OPP
crates its lines west of Pittsburg. the same
parties in both cases owning the lines east
and west of the terminals of the Eastern
and Western lines. The present plan is sim.
ply an elaboration of the reorganization Of
the Baltimore X Ohio South estern.
which was so much of a success. The con-
soiIdation, which has met with the ap-
provo! of foreign security holders. was es-
Genital To complete the Western eystem
of the Baltimore * Ohio and to enable
1t to compete with the other trunk
lines. The Pennsylvania Railroad Com
pany was the first in perfecting Q system
of Western lines reaching the most i'm Dor.
tan business centers. and In the case of the
Nanderbuilt lines they have built rp q
powerful system by taking under their
charge the Lake Shore. the Michigan Gen.
rral and the Big Fonr hnes. reaching the
more important business centers east OF the
Missouri river. The exchange of securities
proposed provides for an issue OF $50. OO0. 900
first mortgage percent.
gold bonds. principal and interest Ruaran-
teed by the Baltimore az Ohio. The money
raised on the new issue of bonds Will be
used to take up all outstanding bonds of
the two companies which are consolidated,
aud IL Is estimated that. after taking MP
these bonds. a surplus of s4,500.0 coo Will re-
main TO be used In improving the physical
condition Of the present Ohio IL Mississippi.
Depew on the Railroad situation.
Chauncey NJ. Depew. when asked yester-
day regarding the general railroad situa-
tion. said: The railway situation for the
spring and summer looks sufficiently en-
rouraging to dispel the gloom which ct
present hangs over the mind of the rail-
road investor. The country is full of bust.
ness N the relations of railways to each
other. east of Chicago, are better than they
lave been for five years."
How are the rates. are they being MAIN
tanned satisfactorily. and are the promises
good for their co~ntinuanoef" he was asked.
West bound rates are maintained" re-
piled Mr.. Depew. the Western granaries.
storeh0uses and reservoirs of every kind
are simply bursting with grain which must
reach the seaport
You anticipate a large traffic, / presume.
from the worlds fairF
Neither the railway nor the public
mlnd.' said Mr.. Depew. has grasped COM
prehensIvely the impetus TO business
which Is to be gained by the opening of
the exposition. There will not only be aD
immeDse passenger travel. but the circula-
ton of people and OF money will stimulate
every kind of business. The roads center
ing in Chicago will be the greatest bene-
fciaries. but every trunk line. will feel the
effect of the exposition"
Dir. Depew looked for phenomenally pros
porous times between May and Decent Der.
He referred TO the squabble over the ac-
counts of the New York Worlds Fair Com
missioners. analyZin the objections to
their accounts in a sarcastic manner.
judging from his own experience. each
gentleman of the commission was probably
out of pocket $1,000. Said he: 81 was in
Chicago two days at the time of the dedI-
cation of the fair. when l delivered the
Columbian Grafton. and my bill was S1S7.
But / paid my own bill / knew the State
could not stand il"
Annual Report of tho p, C., o. q 81. L.
S. b. Liggett, treasurer of the PittsburR.
Cincinnati. Chicago IL st. Louis, in ad-
vance of the annual report for the year
1892. in pamphlet form. furnishes the re-
suits for the year. and a comparative state
ment with 1891, as follows: