The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-14
NEWS OF RAILROADS
LATEST DEVELOPMENT IN THE
AFFAIRS OF THE BALTI.
MORE & OHIO
J. w. KENDRICk GOES EAST
Receivers May Appoint Him Gem
eraI Manager - Report That
Fred G. Underwood Wouldn't Ac-
cept the Position Because the
Vice Presidency Didn't Go with
It-President Hiu's Position.


CHICAGO, July 1S.-John w. Ken
drick, general manager Of the North
ern Pacific railway, passed through
Chicago yesterday. going East via the
Baltimore & Ohio railroad. He would
say nothing regarding his trip, but ii
Is an open secret that the object of
it is conference with the receivers of
the Baltimore & Ohio road regarding
the general managership of 1t.
Since the alleged refusal Of Fred d.
Underwood to accept the general man
agershtp of the Baltimore & Ohio, be-
cause he could not also have the vice
presidency, II Is said the position of
general manager has been offered TO
Mr.. Kendrick at the instance of Pres
ident Hill, OF the Great Northern. An
other report, seemingly as well found
ed, is that Receiver Murray wants Mr..
Kendrick to be general manager and
Mr.. Hill does not; that he is not in
favor of having Mr.. Murray at the head
of the operating department of the
Baltimore & Ohio after the reorgani-
/ Zation Of the company.
1T is not settled that Mr.. Under
/ wood will not be general manager of
the Baltimore & Ohio" yesterday said
a prominent railway official Of the
/ Northwest, who is an intimate friend
( of John K. Cowen, one OF the receivers
of the Baltimore & Ohio, and who is
p. slated for the presidency Of the COM
pany after its reorganiZa ton. Within
five days the successor of w. M. Greene
/ as genera. manager of the Baltimore
/ & Ohio viii be appointed, but | can say
positively that no choice has yet been
made. II Receiver Murray can pre-
vent 1t, the general manager Will not
hold the higher position of vice presi-
| dent He has picked out that Job for
| himself. Whether he will be able TO
| get 1t when the company is reorganized
depends entirely on the strength OF
President Hill, of the Great Northern.
/ He is said to fully recognize the fact
( that the present receivers have mar
velously improved the Baltimore &
! Ohio property, until today it is able
to compete with any line, but at tt-
same time Mr.. Hill knows how many
millions of dollars the receivers have
expended during their brief reign, and
/ thinks the time has come to husband
the resources OF the company. With I'M
limited capital it is an easy matter to
build or improve a railroad, but to run
railroad so it will pay is a very diff
| feTelt thing"
ct is not true that the president of
the Great Northern railroad became
interested in the Baltimore & Ohio
! through j. p. Morgan and his friends, ,
said a man who is familiar with Bal
timcre q Ohio affairs, although not
identified with the company. THE
/ Morgan people are simply holders OF
| bonds and have no say In the reOr-
ganizatiOn Of the company; that is be-
ing done by the stockholders, through
Speyer g. Co. and Kuhn, Loeb & Co
These firms earned the gratitude Of Mr.
Hill few years ago by procuring sl5,-
100000 for him at a time when he was
obliged TO have the money. They ask
ed Mr.. Hill TO help them carry out their
plan of reorganization of the Baltimore
& Ohio, and he Is doing It. He has
been promised the control of the oper-
ating policy of the railroad and he VII
have II. i don't believe 1t is true that
Mr. Hill is opposed to Oscar 6. Muir
ray, but, If he is, Mr. Murray Will SIM
ply have TO get off the track"