The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-22
TBE u. e O.'S PRESIDENT.
Probable That Mr. 4. Il. Bacon VIII be suo>
cc.ded Nv Mr.. o. g. Murray.


NEW YORK. July IA call has been
issued FOR "A meeting of the directors of
the Baltimore x Ohio Southwestern Rail
way for Wednesday, Report has II thdt
the directors are called together To con-
slider business of more than usual impor-
lance TO the road A rumor was current
i'm Wall street to-day that President j.
r. Bacon will offer his resignation 10
the board IT is predicted i'm circles close
10 the management that when Mr.. Bacon
retires his successor will be Mr.. oscar
G.. Murray. co-reccivcr Of the Baltimore
and Ohio Railroad with Mr.. Ohm *. Cowen.
The duties Of the office Of president OF the
Baltimore and Ohio Southwestern would
be handled by Mr. Murray In connection
with those Of his present position. MT.
Murrays presence at the Waldorf to-
night is looked upon as conhrmatorN
evidence that ne viii figure i'm the action
OF the board tomorrow"
The board Of directors Of the Baltimore
and Ohio Southwestern Railway is COM
posed of fifteen members. OF this number
Messrs. James Sloan. Jr. and Alexander
Shaw are Baltimoreans. Mr.. Shaw said
yesterday that he had received a notice
that there would be a meeting or the III
roctors of the company in New York to-
day but that he did not expect 10 attend
the meeting. Mr. Sloan went 10 New
York yesterday. Receivers Cowen ano
Murray Of the Baltimore and Ohio, were
both I'm New York yesterday.
Baltmoreans interested i'm the Baltimore
and Ohio Southwestern put considerable
faith i'm the correctness Of the Suns spec
ia dispatch. although no authoritative
statement was obtanable. Mr.. Bacon has
il is said. intimated his intention OF re-
firing from his present poston. and Of
late has made q number Of visits 10 Bal
timore to confer with interested persons.
He is about TO take a trip 10 Europe
and the impression is that his resignation
will be submitted before he goes.
owing to large eastern interests requir-
ing his to spend much time in New York.
Mr. Bacon IL IS said. desires 10 retire
from the active duties OF president Of the
Baltimore and Ohio Southwestern. so that
he can devote more of his time 10 his
personal interests. It IS not believed.
however that he will sever entirely his
connection with the Southwestern. He
vas one of the prime movers in the crea-
tion of the road as ii stands to-day, and
has been the president Of II since its or
ganization. This was I'm 1889 and the
company was formed by the purchasers
of the Cincinnati Washington and Balu-
more Railroad. Mr. Bacon. with Messrs.
James Sloan. Jr.. and John X. Cowen'
lolltu Il committee lt-N '0'lAti"h ~,
buyers. In 1898 the Ohio and Mississippi
was consolidated with the Baltimore and
Ohio Southwestern.
IL is thought that the change proposed
means the introduction of the English
system OF railroad management. rms
is TO take an experienced traffic man as
president and separate the financial af-
fairs OF the road from the operating
department. Such plan. II Is conceded
would provide for the selection or MT
Bacon as chairman of the roads financial
board.
The election of Mr. Murray would not
mean that existing relations between the
Baltimore and Ohio Southwestern and the
Baltimore and Ohio would take the shape
of alnulgamation or consolidation OF the
two properties. Some time ago. when L
number OF Yumors OF such result were
anoat. both Receivers Cowen and Murray
declared that such a consolidation would
be impossible. They pointed out that the
status Of the two corporations would pre-