The times. [volume] (Richmond, Va.) 1890-1903, 1896-03-08
MAJ IahE NOM on THE r.. dyDO
we" 'ork iinanciers Likely 10 Come 70
the Company's Relief


NEW YORK, March 6.-If il Ia fo,,,..,
% DC necessary TO assess each dollar Of
STOCK OF the Baltimore and Ohio railroad
rom q 10 so cents. then f. is tbo,o,+
10 De inevitable thar large blocks of fbe
STOCK VIII BASS into new hands. The
| expectation is that those will be found fo
! i,pIesent interests which are i'm syfnna-
,.y WIN n not actually "A part OF. the
morgan group. 1t Is also thought that
80 slcat an assessment as that will Dee a
10y uIAlh upon the Carrots and may
De serious blow 10 the educational i'm
stltutlons Of Baltimore. which have "a
considerable part OF their funds invested
| IN Baltimore and Ohio securities
II mas occurred 10 more than one nnan-
cier 10 recall tragic meeting between
lne younger Garrett and William II. Van
uefhht little more than ten years ago.
nlis' Jarrett called upon VIM. III. Van
uerolt by appointment one day. They
were 10 discuss railroad matters OF COM
mon interest. Mr.. Garrett at that time
had not long served as the successor OF
his father who created, or al least made
me Baltimore and Ohio road what 10 was
IN the days Of its glory. Mr.. Vanderbilt
besides having some business associations,
or perhaps having possible association
with the younger Garrett i'm mind. was
also personally of friendly disposition to-
ward him. They chatted I'm Mr.. Wander
bits library for a while. il was a little
after lunch hour. Suddenly Mr. Wander
bit was seized boy spasm and I'm d mo-
ment, IN the presence of the younger
Garrett. death had stricken him.
The shock TO the young man was one.
his friends say, from which he never
fully recovered. Not very long after that
he was himself overcome hy ll-health
and there was always "a feeling that his
physical and mental troubles We're IN
part at least. due TO the shock which DE
then received In the presence of the sud-
den death of Mr.. Vanderbilt. III used 90
be said that the young man I'm some OF
his gloomy moments was possessed of the
idea that In some way the Nanderbilts
would be associated with the future of
the Baltimore and Ohio railroad
OF course, such sentimental reflections
as these have no important part in the
financing which is now contemplated for
the liquidation of the Baltimore and Ohio
and tho restoration 10 it OF its earlier
prestige and influence. Yet bankers and
capitalists are. i'm spite of the common
opinion, sometimes OF sentimental dispo- |
sitOn, and for that reason when 10 has |
been said that the Morgan-N Vanderbilt |
group would before very long Doe found |
in charge of the reorganization OF the |
Baltimore and Ohio. and might In the end |
be discovered 70 have so controlled the |
system as 20 make 10 directly or sympa-
thetically a part of the southern system /
which thew control then IL did occur %
some Of the huanciers 10 recall the omen
which thov control, then IL aid occur t0
some OF the hnanciers 10 recall the omen
which tho younger Garrett was said 90
have been impressed with after the
tragedy which he witnessed 10 Dir. Van
derbilts home.
The belief here is that it will be found
impossible TO take this corporation out
Of bankruptcy without the ala OF Mr.
Morgan ana his group. and that. bowling !
to the inevitable, the Finance Committee
will before very long. IL they have not all
ready done So make an appeal 90 the
banker for help.
While there has been some criticism !
for what seemed 10 be the swiffness with |
which the officers of the corporation put
10 under the protection of the courts, yet |
)n the whole IL is believed that it BIS bet
Ter for the corporation that the worst
should be known SO that us debts might |
be wiped out. us solvency established and
20 prepared by good financial condition
or that great business which IL is cap
lble OF doing Here it Is thought that
Is a result OF the reorganization and the
coming into the corporation OF new IN
luences the development OF staten Island
IS a shipping terminal Will bc under
AIKEN That was n few years ago be-
ieved 10 be an important part OF the
lans Of the management, and II tho prop
sitions which the corporation considered
al been carried out staten Island worin
y this time have become a commercial
ort OF considerable Importance. why
he plans were abandoned no one knows,
ut the abandonment OF them cost some
Enthusiastic men like Erastus Niman
God deal Of money and anxiety as WELL
Philadelphia Press.