The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-11-01
IiuxnfiaI.
OF TIiE
Baltimore & Ohio
Railroad Company.
DUE 1891

air.. ~. .nuo-., ~ peceiyeru for the Balti.
NOR. ana oh,o p,nso.a comnsny in February, 1899.
~, nav. o,dn.voro, - w.,ch carefully, and 10 take
nj, ,ton. noo...srr o. nro,.ct ,ne rights. of the Five
p.r Can, Con,o,s,,o, pondhoIder..
A,ro.t ,mwon.,.,- .t,.r ,bs,r amendment the
po,.,vo,. .-n...s", ~. o,,,,or That ~ allowed to
,ssue AZ ooo ooo pooo,v.r., c.rt,neates. to be used
for d,scb,-o,rr .n,r,n,,.,.d ,upply bills and for
MAXIM ,or,a noo,oa .adt,o,s 20 the property, they
cou,d ther..,,., ro.r,.r,v rn.o, thu interest on the
sev.ra, ,s.,a, n, hord, ,or wh,ch the n, a O.. r. r.. Co.
Wa. s,,sr,,v ro.non.,t,o .nd which constituted liens
on the pr,pc,no, rouroaas a, the svstem.
Recoupi,,ny Oh, .dv.r,.eos ,ikely 10 aocrue from
holding ,ove,b.r ali IN. nropertiea. and also under
standinp that the or..,.r NAT az the eb. 900, 900 GER
t,0ca,es ,ycre IN Iva used IN discharge supply bills
which womb prohab,v IA. he,d nv the Court to be
Preferential Iiens WI. with o,bers interested In tho
consolidated bond. ,a,,red IN, ,ssue Of such certin.
Gates,
or late IN. p,c.,v,r. ,.xa b.sn unable to fuInl
their a, pectat,on. and a.,au,,s have taken place on
several OF the lines ,mnortantt To the integrity OF tho
.vstem Sine. ,hese d.,,,,,s ~ a nave felt that. the
object Of tho or,p,n,, ,ssps having failed. no further
issue NJ ,srt,o,,t,. ,or n nurpose ahould be made
nv tho pso.,v.,. an, ,h.r.,or. w. b,ve oppo.ed all
ancb fpr,ber i.,pe,
In ths snr,n, a, ,so7 On. Jobn, Hoptins uniyer-
sitv nled in cour, an ann,,c,tion nskinr that the
"A ono nm orst nr.,arr.d .,ocl NJ the n O. r. r.
Co. shou,d ba des,ared n lion on the income Of the
nFOnaFty nkanh M tho CpnAplidRtfdM MORTGAGE Honda,
The Trustee OF the Consolidated Mortgage filed
| an answer which was d,ened adeouate 10 act forth
the riRbts of tho bondboIdern few days before
| tbi, ann,,cation WA IN la heard bv the Court. We
learned that this ansver had been withdrawn by the
| Trustee. and III, In IL, st.ad there had been nled An.
other ansver. merely formal in character. stating
that tbe Trpatee had mn views in the matter. and
LAWNS tho aet.rm,,a,ion n, tho question 70 IN,
CONT TIL. r.,son for th,s suddep chang, can mar.
hama Ia o,vsn heat NV Nh. Trp.tee VIM on inouirv
informal ono or ma that .tt dinered d.o,dedly with us
Z. In regard To tho :. q preferred ntock. and that this
"vns no new idea with IL. that IL had held this
"op,nion for many vears. long before Il accented the
.tru., n, tho con,ol,o.,.d Mor,paue - and that :. tbe
.nurnose Of the Comn,nv in Amending its ansver
.. ~ n IN reu,,n 4, a nsutral nos,tion"
Immad,ats,v mo, hearing NJ tho cbano,d and
.nor,,.," .,t,,ra. -, m. Tr,.to. a, vbou -. haa
,oon ro,v,n, = ,h. nro,.o,,,, ~, m, r,,ht, q, IN.
,on,,o,d.r. -. .,nmrn,o.,,, 18th ,on. -, ,o
.-n. ho,aho,,.-. ~, ,ao, s,an. Gov an ,rdon.nd.rt
,n,au.n,Ior In ,ho,r b.h.,, and In h.h.,, ~ ali
o,nnr horah,,a., .nhonah .rh,.c,., N o,.at
nr.,.,r. d, en-. nn.nor,,,on ., n.n.rs On. oo.a w.
,,rv n,ao.,toa -, ~ corr..l ava -. r. h.n,x n
a., ,h., ro,w,,n.,and,n m. v,evs a, the Trrs,s.,
49, c.. 49,. $500, a.. 80, =, 81. ,,o,.o,,,.,.a
Mort..ao an, hos don,., ,h. .,r,,c.t,or =, ,ho Trnt
,ar,wv w. A., ~ knov ,,h.,h.r tho I1,,x.rs,v
I'M ,st.., .nno., ,ror, ,h,s d.c,.,o, I'm, I, so vo
LII ...,aI,,o,
NO.. ra,.rt,v ,h. Trr,,.. ., oh. p,.,.nrrc, and
corrs,,sv,la Fiv. Par Cent Consol,d.ted Mor,so,,
49,. e,.d . ,.,,,,o, =, vh,,, Oh. rr.n,,nn -arI,
., ,Ca,, ho +, d..r.ra,,on tba, n. n,orta,a. ha.
...n - - - . ~. 80, it,. = a.. n
- y D W.. : novv ,,oror.,v onno.,,, ~. an
n,,o.,,or
W. uon,,o, ,,o.. n.,..,, .,nn,x to ,,~. Oh. ,o,d
as, NJ, ,ho r,,. p.r Can, cor.oi,d,,.d pond. .or,
,d.. =, ~. rrrs,,, No.. whon n.,,.r. w., go.
ON nn..,,or, o,hsr thar ,ha, n, tho F,ro. pr.,orrs,
s,ocr Oh. rru.,.. n.. .ommunto.,.d 9TH ~. .nd
nndsr an inaemn,,vf from M. b.. allowed n, conn,.
N.n.n.r.,., \, -. w., NJ, h.ra.. 49,, ~,
p...,v.r, v,r d.,.r,, in Tho n.vn,.nt y, ,r,.r.., a,
oan, und.r most dire n.ce,s,tv. and an lons an thar
4, nodef.u,,, 4, m. n,xm.n, n, interest IN vor- hond,
or in tho nsrformanoe Of the other undsrt.t,no, n
tho mortgage. there would not. under ordinary con
ditions. be- apv cause FOR ANXIETY. But the verv I'm
usual attacks on the integrity of your MORTGAGE apar
from apy default and the complio ,tiops Of tho nres
emit receiversbip. "a well "A the novel suppes,,on Of
"neutrnl" Trua,ecship, indicate necessity for con
slant wstchfulness and vigorous action.
II seem1 to US most important, therefore. that tn,