Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-05-11

Is a small property with a fair harbor, but
without any earnings of it's own account.
1.-The Akron and Chicago Junction, con-
Meeting the Pittsburg. Cleveland and To-
ledo with the Chicago division of the b.
and o., is of eeTy little value in case the
Pittsburg and Western should be separated
from the b. and O.. and If the system Is
kept together 1t may have to make some
concessions. as the line commands no bust
ness Of its own.
Other Acquisitions.
1.-The last acquisition of the B. and O..
system, the Cleveland Terminal and Valley
railroad the successor company to the old
Valley Of Ohio, is one Of the companies
which was not put into the hands of a re-
celVer. This was probably done to protect
the banking house which had taken the
new per cent bonds of that company,
guaranteed by the b. and o. at very high
price, and who have not succeeded in dis
posing of them to the public
The interest on West Virginia and Pitts
burg SIS was paid on April l, to the great
surprise of good many people. The COM
pany is bonded for $4,000 per mile on
which the Baltimore and Ohio guarantees
the interest. The road is being operated for
about 40 per cent. and shows its interest
charges earned. but 1t certainly must get a
very large arbitrary probably getting
charges. Main line bondholders would be
quite apt to object to the keeping Of this
arbitrary.
Before the Baltimore and Ohio Is ready
to be reorganized it will undoubtedly be de-
veloped where the mistakes of management
nave been made, and where and how large
sums have been expended and sunk
1t Is most desirable that the Baltimore
and ONO should be reorganiZed If hos-
sible, without foreclosure, but it is imDera-
1--WE that all embarrassing and expensive
complications shall be eliminated. The
above are not the only ones''
Other Matters.
1t is stated that Baltimore i, vestors are
awaiting the issuing of receivers cortifi-
Gates to cover the cost of rev eouip-
ment and other improvements for the road.
The issue will be made as car-trust GER
tiicates. authorized by the court and in
dorsed by the receivers. 1t will consist Of
S't"O,ooO to run three Years or only two
years II they can be paid off in that TINA
ana Will bear q per cent interest Should
the re, elNerShiD be ended before the ma
luilly Oh the certlhcates the order of the
court granting authority to issue them
would guarantee their payment by who
ever might be in control of the road
meeting of the board of control of the
l"'nt Traffic Association was held in New
iofk yesterday. The principal object of
the meeting was, 1t was stated to see if
arrangements could not be made to stop
the cutting of rates. which, it was alleged.
was being done by the Norfolk and Vast
ern, Cincinnati, Hamilton and Dayton and
one or two other lines After the adjourn
ment announcement was made that the
representatives of the N and w and c.. Fl.
and ID. had agreed that their companies
would stand with the other members of
the association in the maintenance of rates
1t Is reported that General Manager
Greene of the Baltimore and Ohio is about
10 issue orders for the removal of the car
record department from Camden station
Baltimore, where 1t has been located for
many years to Brunswick, Md