Evening star., 1896-03-25
THE B. & o. STRUGGLE
The Baltimore Committee Preparing
for a Contest.
STRIVING FOR. The CONTROL
Committees Representing Stock
holders to Meet Soon.
SOME RAILROAD NOTES

SOME RAILROAD NOTES
1t is expected that the reorganization
committee on the part Of the Baltimore
holders of securities of the Baltimore and
Ohio Railroad Company will have a meeting
in few days, by which time a plan for
their protection will be ready for submis-
sion TO them by the subcommittee having
charge of the matter.
To save the Baltimore and Ohio for Bal
timore and to protect their own financial in
terests are among the leading objects of the
committee. A struggle appears inevitable
between the New York committee. which
was formed on the day Of the receivership
and the Baltimore committee, for, as here
tofore stated in The Star. the impression is
growing in Baltimore that the aim Of the
New York bankers is not alone to guard the
money interests which they represent, but
to gain control Of the property and
shape the course of affairs so that when
ever a reorganization may be accom-
plished they will still hold the upper hand
and control the destinies Of the road.
The members of the Baltimore committee
are among the most eminent men in the
city and are as followss Maj. Alexander
rector of the railroad company and chair
man of the finance committee; Gen. John
GIL, president OF the Mercantile Trust and
Deposit Company and leading exporter of
grain; c. Morton Stewart, president of the
board of trustees of Johns Hopkins Univer-
sity, and one of the most prominent ship
ping merchants in the country. u. Fahne-
stock, president OF the Baltimore Stock Tx
change: James L. McLane, formerly presi-
dent of the Lake Roland Elevated Railroad
Company; Joshua G. Harvey, president of
the Western National Bank; T. Edward
Hambleton, banker, and ex-Judge William
a. Fisher, formerly of the supreme bench
of Baltimore city.
The New York committee is composed of:
Gen. Louis Fitzgerald. president of the Mer-
camille Trust Company of New York, and
the following. all of that city: Henry Bulge
of Hallsartea & Co., August Belmont of A.
Belmont & Co, Edward r. Bacon president
of the Baltimore and Ohio Southwestern
Railway Company; William A. Read of Ver-
n1ilyea & Co., Howiand Davis Of Blake
Bros. & Co, and Eugene Delano of Brown
Bros. & 60.
of stock ana the more recent issues of
bonds of the Baltimore and Ohio, which
were taken in New York and London.
The baltimore committee, 1t is said, al
ready represents about $50 100000 of Balti-
more and Ohio stocks and bonds Nearly
all the preferred stock is held in Baltimore,
and the Johns Hopkins holdings are in first
preferred stock. Whether the holdings of
w
Mr.. William F. Frick. will be Joined with
the Baltimore or New York committee is
not known. Mr.. Frick and Mr.. Bacon are,
it is stated, very friendly, and the supposi-
ton has arisen that these securities might
be placed with the New Workers.
Notwithstanding the tribulations which
row surround the Baltimore and Ohio, many
leading railroad officials now prominent in
railroad management in different sections of
the country, and formerly connected with
the Baltimore and Ohio, have recently eX-
pressed the highest opinions of the latter as
an Garner and naturally one of the most
Valuable CORPORATIONS in the United States.
Vice President Odell of the New York and
New England said the Baltimore and Ohio
the United States and his opinion was in
dorSed by Mr.. NJ. H. Smith, president of
the Louisville and Nashville. Nathan Gull
ford of the New York Central and others.
Railroad Notes.
Within q few days past there have been
rumors that the health of Miss Mary Gar
rett who. as is we'll known, is one of the
largest individual holders of Baltimore and
Ohio stock. has become impaired by the
shock produced by the failure Of the COM
pany, but her most Intimate friends declare
that she is not more seriously Ill than is in
cident to an attack of tonsilitis. Miss Gar
rett left Baltimore in a very quiet manner
some days ago, after closing her elegant
city home. for New York. and on the way
was taken ill. She at once relnQuished her
contemplated trip and went to Bryn Mawr,
Pa, where, at last accounts. she was under
the care of physician, and unable to leave
her room
Miss Mary Garrett was until recently,
considered among the richest women in
America, and, Notwithstanding her losses
growing out of the receivership of the Bal
tirnore and Ohio, still possesses vast for
tune.
AS heretofore stated in The Star, Mr. Will
liam NJ. Greene. whose appointment as gen.
l
succeed Mr.. r. B. Campbell, was announced
some days ago, has entered upon the duties
of his new position.
The appointment of. Mr.. Greene completes
the roster of officials who will undertake
the restoration of the B. and o. property,
and the selection Of president. first vice
president and general manager may ba
taken as indicative of radical change of
policy.
The impression prevails in railroad circles
generally that Mr.. John K. Cowen, the new
president, is probably the ablest man that
has held the position, and there is no doubt
that he Is familiar with the mistakes made
in the past and the company's present needs.
Mr.. Oscar G. Murray. the new vice presi-
dent, has achieved great success and un-
usual distinction as a traffic official
Mr.. Greene, the new general manager, is
| among the best all-around operating officers
| ever retained by the Baltimore and Ohio
| company. His first experience in operating
was acquired on the Columbus and Hooking
| Valley railroad. Afterward, for several
years, he was general manager of the Big
Four system. and Of his own accord with
drew from that service to engage in the
manufacture Of car wheels in connection
with concern in Chicago.
But his reputation as an operator having
outlved his withdrawal from the Big Four
he was still in demand, and two years ago
| he resumed railroading as general manager
of the Cincinnati, Hamilton and Dayton
Railroad Company, and removed from Chi
| cago to Cincinnati. About month ago he
was offered the choice of the presidency of
| the Columbus and Hooking Valley Railroad
Company, made vacant by the death of Mr.
| Waite, and the general managership of the
Baltimore and Ohio, and he accepted the
I latter.
| Local Death Rate.
The rise in the death rate week before
| last was followed by an additional rise last
| week. The deaths reported to the health
| department numbered $50 as against 121 in