Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-05
PASSES AWAY.
Lx-rrcsid~nt Robert Garrett. OF tho Old
u. n a.. Died az Deer Park nt,i

tx-frcsid~nt Robert Garrett. OF tho Old
u. A. a.. Died at beer Park. Md.
BALTIMORE, July S0-Robcrt Car
rctt. eS-prcsident Of the Baltimore n
Ohio Railroad Co. and head OF the
widely known banking house OF Rob-
ert Garrett II Sons. died "Wednesday
morning mt Deer Park. Md.
Mr.. Garrett went to Deer Park about
six months ago and occupied the cot
tagc formerly owened by T. Harrison
Garrett. Mrs Garrett and other rela-
uves were Mt the bedside when disso-
luton came at o'clock. The remains
will probably be brought To Baltimore
and inferred in the Garrett plot in
Green Mount cemetery.
Robert Garrett was born i'm this city
April 20, isi7, the eldest son of John
w. Garrett and grandson of Robert
Garrett, the founder Of the banking
house of Robert Garrett Il Sons. lie
graduated from Princeton college in
1867 and soon entered the banking
house of which he was in recent wears
the sole surviving partner. In 1871
MIR Garrett was elected president OF
the Valley railway, n Virginia branch
Of the IL Il o., succeeding Gen. Robt.
T.. Lee. He became third vice prcsi-
dent OF the H. & q. Co. in 1870.
MIR. Garrett became identified with
many local and outside enterprises.
lie was an incorporation of the Ameri-
can Union Telegraph Co: which was
eventually sold To the Western Union
when the Nanderbilts retired and jay
Gould became the controlling power in
the telegraph business of the country.
| II.
ed first vice president of the baltimore
n Ohio and Samuel Spencer, now presi-
dent of the Southern railway was ut
the same time chosen third vice presi-
dent. Soon after, John w. Garrett
died in 1884, and Robert became presi.
dent.
In directing the affairs of the rail
road, Robert Garrett enlarged upon
the policy outlined 10y his father by en-
dcavoring to combine under his man
agement telegraph system, an cx-
press and parlor and sleeping car scrv-
zee. These proved to be expensive ad-
juncts and, along with other expert
mcnts, cost the Il. * O. treasury mil
lions of dollars. Under Mr.. CARROTS
direction the H. & q. secured an en-
trance into New York and acquired
the Staten Island rapid transit
| system. IL was about this time
that the financial world was
startled by the statement that the
meteoric Henry = Ives had secured nm
| option on certain of the Baltimore and
Ohio properties. II became apparent
carly in 1887 that Mr. Garrett's ex.
pcnsive policy OF conducting things
would have To bc changed by looping
off the collateral undertakings To in
crease the strength or the railroad
proper Mr. Garrett went To Europe
and sold $4,000, 900 of Is. & o. securi-
ties wherewith to pay off tho floating
debt of the company. The B. Il O.
telegraph system was sold To the
Western Union Telegraph Co during hi.
absence. Mr.. Garrett at once resigned
the presidency of the Il. a. o., and. net
ing under the advice of his physicians
started on "a tour round the world, nc
companied by number OF relative.
and friends. The death by drowning
on his brother, Il. Harrison Garrett
whose yacht was sunk i'm the Patapsicc
river, brought Mr.. Garrett home JULY
10, 1883. Since then Mr. Garrett ha,
spent most OF his time in retirement nj
"Uplands," his country seat, or mt hi,
residence i'm Mount Vernon Place, Bal
timorc.