Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-21
~. 4 o. FUND DISAPPEARANCE.
Consolidation Of Che u. a o. and the
Southern.

Consolidation Of she u. a O. and the
Southern.
Na -lgtou Evening Star. 20th)
WA has become Of Si2.5ooOo) belonging
t,te Baltimore and ohio Railroad Com
I.-ye a., tae problem which confronts the
Organization committee of that great
.. uu.a and until the mystery Is
...r.I lp Lo practical steps can be taken
toward getting the system out OF the
-.t.- Of tie receivers and the courts.
I4. information was given in Baltimore
.-...ay COB star reporter by banker
s.. - IN terms Of closest business and
.ea Intimacy with the Baltimore men,
r-- 0. Gre Organization Committee
.s- tre latter We're appalled, by the dis
ry made during the last few days
.st between 1855 and the time Of the
'...ol a. President John X. Cowen at
e..t >.H0"" OF Baltimore and Ohio Sc
..-.. we've disposed Of in manner
at -l not afOrd proper returns 70 the
t.aFur ot the company.
F -s amount the floating debt was IN
.e--t Ur a cause as yet unexplained
tom about .5JJclO in 1855 TO about Slt,-
$1,000 total OF about $l250oCC0 at the
-.'- ~ The last annual report IN 1870.
u.s AS regards the remaining l650GVVo
s shown by the authorized statement
W thar up TO this time there has
..r nothing whatever learned as TO
s..t came of good portion thereof.
y alleged from the total sum
rea' amount probably 3.O0J0O-has been
.I from the company without any
'.. whatever being given therefor
I B.. also said that so far there have
trn discovered no records OF these most
"iYlalt transactions during the seven
t'aH covered by the administration Of
&c. Mayer. and it Is alleged that either
books concerning them were kept or
.t raey have been placed where the
,ee has not been able 10 see them.
.|.a learning this state Of affairs, the
t.ea.rs of the committee decided that
whole truth must be brought out, ana
tF have determined TO sift the matter
% GOO bottom. let the blame fall where
g. mas
SIR. MAYER NOT ACCUSED.
lts stated that no one who is coguizant
D. t.at The committees views on the
'.r are believes that cX-President
"aser rfoGtel 20 the extent Of dollar
what took place as the result OF the
-.-s made, or that he knew what really
'a. eaug on.
10 s not claimed that the twelve and a
a millions OF increase Of floating debt
presents the loss OF that amount by the
'mote and Ohio but II is stated to
~. opinion Of the members Of the
f.aaiaation Committee. as IL Is also
r.l lo Doe the belief OF bankers VINO
t,. c,nyeraut with Baltimore and ONO
ifa.rs thst in the nelghborhood OF
10000 has gone into the pockets OF
'".s Who were Ia no way entitled 70 II.
nifo reports 20 the effcct that there
want OF harmony between the MEM
', nf the New York Committee OF Re
.zaf0n and the members OF the
more committee, II can be stated
perfect understanding exists between
i"o committees. and the determine
'h has been reached between them
-- Ifr Baltimore and Ohio system is
DO valuable a property 70 be allowed 10
me osiniegmted. and that IL must
kept intact at all hazards.
N stated that there are a number
l9nihol1crs OF the road who would be
tl OF the opportunity 20 90 into court,
.l'se their mortgages. anG compel
mo dissolution OF the system. but as fast
NJ 'ae coupons become due the payment
promptly met. The money for some OF
'e COUPONS Is furnished by J. Plerpont
'iHan O. Co. but Brown Brothers &
o. opeyer Brothers, and one OF the large
hi companies. all located IN New York.
pc also interested. and each takes It's
'sry funds
OSCILLATION WITH SOUTHERN.
lew weeks ago there was an impress
80 mat the Baltimore and Ohio re-
,s's could make some sort OF deal by
'"',A the Wabash road. through George