Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-05-07
KUAUS OBLIGATIONS
Bankers Taking Up the B. and o.
Bond Coupons.
OWED TO THE CENTRAL OHIO
Changes in Officials and Railroad
information of Interest.
A FREIGHT SCHEDULE

A FREIGHT SCHEDULE
| 1t Is understood that the committee an
pointed by the stockholders of the Central
Ohio Railroad Company at the recent an
nual meeting in Columbus, to arrange for
| a satisfactory adjustment of the debt,
amounting to more than s7OO,C0O, due by
| the Baltimore and Ohio Railroad Company
| to the former company have had several
| interviews during the present week on the
| subject with Receivers Cowen and Murray
of the B. and O.. and 1t Is believed that the
entire matter will soon be adjusted in a
| way that will be harmonious to both sides.
Much attention is now being paid to the
| funded debt Of the B. and o. system and
| in communication received from Secre-
! taly Nelson of the Baltimore reorganiza-
ton committee, it Is stated that Baltimore
and Ohio affairs present most extraordi-
nary and unprecedented complications.
| The bankers who have placed the various
| loans are purchasing the coupons Of such
| bonds upon which default is made, and the
| indications are for a contest priorities.
| The purchase Of such coupons certainly
shows great faith in the value of the prop
| erty.
'In fact, if the Baltimore and Ohio Com
! pany could be relieved of the Improbable
| collateral obligations incurred during the
| past seven or eight years it would be in
| solvent condition. and able to meet every
! direct obligation. The building of lines
| north of Baltimore was undoubtedly a
| mistake, but the company has nearly out
| lived these errors OF judgment. and the
| properties north of Baltimore begin
| ming to be Self-supporting.
The coupons OF the two loans of 1853,
| due April |, were paid by the receivers.
| The March coupons of the sterling six per
cents of 1874 are in default. and the cou-
pons the sterling loan, due May l, are
being bought up by J. p. Morgan & Co.
| as well the Parkersburg branch six per
cent coupons, which were due on April! l.
| Brown Brothers Il Co. are buying the Belt
| railroad coupons due May l. as they did
| the April coupons Of the Philadelphia di
| vision four and a half per cent sterling
| bonds. Speyer & Bros. are purchasing the
| March coupons of the Central Ohio four
and half per cents, and have also given
| notice that they will buy the August cCu-
| ponS of the Baltimore and Ohio five per
cents of 1885, and call for a deposit Of
! bonds.
'Other bonds coming due are the follow
ing: baltimore and Ohio consolidated mort
gage fives August l; sterling five per cents
of 1879, Chicago division, June q; terminal
mortgage four and half per cents. June l;
Pittspurs and Connellsvlle first skies, June
Changes in Offices.
The office of master mechanic of the
Philadelphia division! of the b. and o. has
been abolished. and Mr.. Thomas Trezlse,
who was the incumbent, has been appoint
ed division master mechanic and transfer
red to GlenWood.s Pa. The jurisdiction of
Mr.. E. T. White. master mechanic at Xiv
erside, Baltimore. has been extended to
| include the Philadelphia division.
MIR. l. N. kalbaugh, heretofore master
| mechanic DIT GenwCod, has been appointed
superintendent Of motive power, vice A. j.
Crom" ELL resigned, and will have charge
Of the machinery Oh all the lines east of the
Ohio river.
MIR. Samuel e. Crawford, for nine years
past master MECHANIC at Mount Glare. Bal
limore. has been transferred to Parkers-
burg. W. Va, and will have charge in that
capacity of the B. and o. Southwestern
lines. He Will be succeeded at Baltimore by
Mr.. Z. L. Weisserber, now at Newark,
Ohio.
Monday last $4,000 was paid to the en-
pioyes at Mount Clare for months work,
and was the largest amount disbursed for
corresponding period for several years
The shops are now running full time, and
were never buster than they now are.
Receivers COwen and Murray of the B.
and o. have issued orders that hereafter
all the passenger and baggage cars of the
line shall be painted blue, and as fast as
they are turned out Of the shops after be-
spond In color with the coaches of the
Royal Blue line.
$685. Railroad Notes.
The receivers of the Norfolk and Western
Railroad Company have brought an I'M
usual Suit in Wythe county. Va, it being
against George l.. Carter for alleged dam
age of 10000 1t is alleged that Carter
ION fam leased by him and located on
the railroad line m Wythe county erected
certain stock pens, partly on his leased
lines and partly on the company's right of
way, and that in constructing these plank
Enclosures he nailed the planks on the out
side of the posts. so that in October last a
large number of heavy cattle within these
pens. by pressure removed the planks, and
during the night escaped on the railroad
track where they were run into by a
freight train. derailing and crushing a
| number of the cars and killing three of the
employees"
The Seaboard Air Line is distributing
railway literature. 1t being nothing less
! than a freight schedule showing the time
| in which the principal points on the system
are reached by it's fast freight trains 1t is
claimed to be the first instance on record
| or freight schedule being issued and is
| believed to show that there is growing
tendency on the part Of the transportation
| lines to pay more attention to their freight
| ing departments
The Baltimore and Ohio Railroad Com
pany has, 1t Is said, decided to equip all it's
locomotives with the chime whistle.
wee President and Gene raj Manager J. T.
| oaeil or the New York and New England
road formerly general manager of the Bal
ttmore and Ohio Railroad Company, has
ueciueu " TeinQliSh MIS- present position
| and accept the presidency of a road which
| Is to be built by the Carnegie people, and
| is intended to form al other line between
| fittsburg and Lake Erie. Mr. Odell will, it
| Is said, assume his new duties In a short
time.
1t has leaked out that the Southern Rail-
way company interds to compete with the
| kanawha dispatch. the fast freight line of
the Chesapeake and Ohio, east from Louis
| vile. Cincinnati ard ether southeastern
| points. 1t Is said that the Southern mas
| made arrangements with the Atlantic
Coast Line whereby freight may be ham
died from Ashevilie, N. c., to Norfolk.
| Va. by that route. according to the pres
ent arranc emeut, all east-bound freight
from the south will be shipped via Ashe
| vile, N. c.. and from there over the At
lantic Coast LIME TO Norfolk. 1t is said
| that the Southern has great hopes Of sue
cessfully competing with the Chesapeake
| and Ohio by this route