Evening star., 1897-01-05
ASKED TO SETTLE.
Baltimore and Ohio's Liability to the
Ohio Central.
LARGE sum OF RENTAL ARREARkGES
Creditors of the Ohio Road Press
Their Claim.
CON FE r. NCE YESTERDAY

A conference was held i'm Baltimore yes-
terday between committee representing
the directors of. the Central Ohio Railroad
Company and the receivers of the Balti-
more and Ohio Railroad Company relative
to the collection by the first-named COM
pany OF large sum of money aggregat-
ing several hundreds Of thousands of dol
lars alleged to be due that corporation as
rental from the Baltimore and Ohio which
has been the lessee for more than thirty
years.
The consensus of opinion on the part of
the committee was that the default of
payment of the Baltimore and Ohio's obli-
cations to the Central Ohio ought to stop
at once, and it is believed that the re-
ceivers will be able to make ARRANGEMENTS
which will be in every way satisfactory
to the owners Of the property
Inc conference of yesterday was the ont
growth OF a meeting held Saturday by the
stockholders also in Baltimore at which
there We're present number of CAPITALISTS
who are large holders of the securities of
the Central Ohio, and after a full and free
interchange of views on the situation.
resolutions were passed declaring THAT
the interests of the stockholders of the
Central Ohio Railroad Company impera-
lively demand an immediate settlement or
the Indebtedness now due from the Bal
tlmore and Ohio Railroad Company and
from its receivers: also requesting the di-
rectors of the Cent? al Ohio Railroad Com
pany TO take measures to collect said in
debtedness withcat delay"
Settlement Requested,
AT the meeting of the directors, held yes
terday, the above resolutions We're read
and resolution, of which the following is
copy, adopted:
Resolved, That a committee of three
members of the board shall be appointed
by the president to act with him as a COM
Inlttee, TO call upon the receivers of the
Baltimore and Ohio Railroad Company
ana 10 request of them an early settlement
OF the rental due to the Central Ohio Rail-
road Company, since their recefvership the
same being 30 per cent of the gross re-
ceipts, which for this period are estimated
to be about H,000,000, and to report to the
board OF directors as soon as possible the
result Of their negotiations
Important Piece of Road. g.
That an agreement which will be satis-
factory to all the interested parties will
be reached in a short time can hardly be
doubted, as, apart from the admitted JUS
tice of the claim, the property owned by
the Central Ohio Railroad Company is in
dispensable to the operations of the Bal
tmore and Ohio company. The Central
Ohio railroad, which has been the Balti-
more and Ohio's sole line between the Ohio
river and Columbus for more than thirty
years, and has been operated under a lease
since 1856, extends from Bellaire to Co.
lumbus, via GAINESVILLE and Newark, and it
is most important, not to say vital, link
in the main line of the Baltimore and Ohio
to Chicago.
The Baltimore and Ohio, by the terms of
the lease, agreed to pay the Central Ohio
by way OF rental, 80 per cent of the gross
receipts of the road, besides keeping up the
foadbed, furnishing rolling stock, etc. Ever
since its reorganization in 1866, the Central
Ohio has been, it is said, a most prosperous
property. For many years it paid per
cent dividends both on its common and
preferred stocks. and previous to 1856 paid
fund.
The Amount Due.
Since 1856 the sinking fund has been dis
continued, and during the administration
of President Mayer the rental in excess of
& per cent dividends on the stock was il is
said, withheld by the Baltimore and Ohio
The amounts thus withheld have, it is
claimed, during recent years, averaged
about 100000, and the debt of the Balti-
more and Ohio to the Central Ohio at the
time of the receivership was in the neigh
borhood Of $1OO,OUU, not including the in
terest. ..
Mr.. Governs Explanation.
Receiver Cowen said today to Star re-
porter in Baltimore that the directors of
the Central Ohio and the receivers of the
Baltimore and Ohio, at the conference yes
terday afternoon, discussed the whole mat
ter thoroughly, and the former were salts
fled with the explanations made by the re-
ceivers. Continuing, Mr.. Cowen said the
receivers of the Baltimore and OHIO, under
the orders of the court, take the gross re-
ceipts of the Central Ohio railroad, pay the
operating expenses and the interest on the
mortgage bonds, and when any balance
may be left, they will pay that to the Cen
trail Ohio Railroad Company. The receiv-
ers, under the orders of the court, cannot
take money earned upon other portions of
the road and use it for the benefit Of the
Central Ohio. Under the terms of the
lease, the payment of a fixed rental of 81
per cent of the gross earnings of the Cen
trail was required. After paying operating
expenses and fixed charges, the balance
was insufficient to make such payment.
Fire at Mr.. Fosters.
Yesterday afternoon about o'clock fire
broke out in the residence of ex-Secretary
John w. Foster, 1405 I street. The flames
started in the room of a man servant in
the second floor of the back building, pre-
sumably from lighted gas burner coming
in contact with the bureau. The fire depart
ment responded quickly and the fire was
confined to the one room The contents of
that room were pretty well destroyed. Mrs.
Fosters weekly reception was in progress
at the time and the arrival of the fire en-
gines caused considerable excitement for a
time.
For Divorce.
Sarah E. Jackson today applied for di-
vorce from Henson Jackson. The parties
were married in Alexandra county, Va,
June 16 1885, and Mrs. Jackson not only
charges her husband with cruelty and de-
Sarfion hut oil uyifh fol