The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-30

,~ex<snx engagement ara left ne table
He toox TIE nrss train he could eascn 20
rsrsfates-hsa There be uas drIyen 20 tAs
rrus& az Thonnae A. Scott. Ritts1no0ss
seaa-e ara Eighteenth street II vas sons
after rnisnIxhi. He aroused sir- sScsl. :
pain uzn- zfr. Scott went doSnst&1Es
wfsh IT'S nsxhtgoSn tucked In his troasers
ard hts ssockinxIess feet IL SLIPPERS
man xho had dfned with Roosrf Sar
rett told Scott Of Garrett's boast
Instantly Ecots sent for his assistant,
Caps John r. G~een- now vice pressde'h
OF the Pennsylvania raiircad- ana aor
some q the directors. The conlsre1Es
LISTED Until daylight That morning tsP1-
Greer took the first train 20 Boston o,n-
er men close 70 Scott went hyinx IN the
dSrarsss9ns where they knew r.. w a D.
stock was held. BY O'clock the next day
the rapers were signed that gave the
Pennsylvania control of TIE P1Aa1elpnia.
Wilmington & Baltimore. The stock was
10 be delivered IN New York that night
Capt Green went "a Pailadelraia am ia-
xtanfiy returned 70 New York. carrying
q big safch@L The sarchei looked as Il
ne WAS going on a long journey IL was
fas ard heavy r p. Barkley. assistant
70 the president os the PennsyfyanIa. help
e6 Capt Green carry II. That satc1ei
contained more than U.et.ee. Capt
Green paid Il d3wn on tbs nail SPOT cash.
and the p. ". y. shares were handed
over 70 him. When Robert Garrett awoke
on what he firmly believed vas 10 be the
rnorning OF his triumph. shs newspapers
were fun OF the deal between the Penn
syIvansa and p. w < B. Inexpresssbly
mortified. chagrined beyond me1sure-
Robert Garrett determined In June $50.
10 baild line OF his own TO Philadelphia
First. II was necessary to get legislative
permission TO enter Philadelphia That
fzrr p{S E23
the pull of all It's locomotives with the
legislature OF Pennsylvania. and with tina
Philadelphia city councils. The Psrnsyl-
ysnia fought Garrett with all its strength.
Bur Robert Garrett. on his rnettie, got
permission for his road 20 enter Philadel-
phiA IN forty days. /. cost him $4,000.
lie paid his secret agents well. he adver-
tised literally; he expended large sums 10
fees 70 counsel. The Pennsylvania road.
finding that Robert Garrett could get
into Philadelphia. determined TO patch up
a truce with him. They agreed to paw
him all the liabilities ha had incurred look
ing 70 the construction of the road TO
Philadelphia They made other agree
merits that " ould have profted the 3. &
o.. and Robert Garrett decided not TO
build the road. He estimated that the
project had already cost s291o.0eo. The
Pennsylvania was ready TO pay that II
had really cost s. GD.0o0. The Pennsyi-
vania withdrew from the agreement. TIE
game VAS not worth the candle to them.
Robert Garrett built his rad. II rroved
fearful drain on the r. a. o. The road
fi0afed sl701ooo OF securities On the
strength OF that road between Philadel-
phla and Baltimore. But large part Of
that money was diverted TO other parts
OF tie p. e. o. system. and was dissipated
by peculiar financiering. The b. * q.
found itself on the brink OF insolvency In
October. 1857. Drexei. Morgan & Co.
which Is 10 say. J. Pierpont Morgan-ae-
vanced the money that delayed the day of
reckoning. But. before iendsng a cent,
Mr.. Morgan demanded that Robert Garrett
resign the presidency. Perhaps he had
heard that Robert Garrett at that
time owned l4o pairs Of trousers. IL
Is extremely improbable tina. old John W.
Garrett ever owned two pairs OF trousers
at one time. Whether or not he knew
about the trousers. Mr.. Morgan surely
knew OF Robert CARROTS ecsentricities.
In word, Robert CARROTS mind was un-
balanced. He was a paretic. Samuel
Spencer. who was vice president of the
Baltimore e Ohio became president In
Mr.. CARROTS stead. Mr.. Spencer Is OF
the firm OF Drexel, Morgan & Co. and he
is a fine railroad man. He began 10 econo-
mize rapidly. He upset all the traditions
OF the Garrett management. He SMASHED
Baltlmore's gods. All the Garrett family.
all Maryland rose In protest Miss Mary
Garrett. who. o. course. Inherited a great
fortune from her father. old John W. put
her hand I'm her pocket. She loyalty pail
off a large part OF the roads obligations
TO Drexel. Morgan & Co. Then Samuel
Spencer had TO go. Then came Charles r.
Mayer as president His was an extrava-
giant administration. During il the once
prosperous railroad steadily sunk deeper
and deeper In the mIre OF floating debt,
bad bookkeeping and the payment OF IN
carr ed dividends. II Is now in the hands
Of q receiver.