The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-14
NEWS OF RAILROADS
LATEST DEVELOPMENTS IN THE
AFFAIRS OF THE BALTI-
MORE & OHIO
J. w. KENDRIcK GOES EAST
Receivers May Appoint Him Gem
eral Manager Report That
Fred c. Underwood wouldn't Ac-
cept the Position Because the
Vice Presidency Didn't Go With
It-President HiIPs Position.

CHICAGO, July 13.-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 it
is an open secret that the object of
1t is a conference with the receivers of
the Baltimore & Ohio road regarding
the general managership of 1t.
Since the alleged refusaf of Fred d.
Underwood TO accept the general man
agership OF the Baltimore & Ohio, be-
Gauss he could not also have the vice
presidency, 1t is said the position Of
general manager has been offered to
Mr.. kendrick at the instance of Pres
ioent Hill, of the Great Northern. An
other report, seemingly as well fouad-
ed, is that Receiver Murray wants Mr.
Kendrick 10 be genera. manager and
Mr.. Hin does not; that he is not in
favor Of having Mr.. Murray at the head
of the operating department OF the
( Baltimore K Ohio after the recrgani-
cation OF the company.
1T is not settled that Mr.. Under
wood viii 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
slated for the presidency Of the com
pany after its reorganization. Within
five days the successor Of w. NJ. Greene
as genera manager OF the Baltimore
&, Ohio will be appointed out 1 can say
positively that no choice has yet been
made. If Receiver Murray can pre-
vent II, the general manager will not
hold the higher position of vice presl-
dent. He has picked out that lob for
himself. Whether he Will be able to
get II 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 il able
TO compete with any line, but at the
same time Mr.. Hill knows how nany
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 IN
limited capital 1t is an easy matter to
build or improve a railroad, but to run
a railroad so 1t Will pay is a very diff
fer6nt thing"
1T 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 man who is familiar with Bal
O.ito elAdiIS' dllHOuSn not
identihed with the company. 1.-The
Morgan people are simply holders Of
bonds and have no say in the reor-
ganiZatton OF the company; that is be-
Ing done by the stockholders, through
Speyer & Co. and Kuhn, Loeb & Co
These firms earned the gratitude of Mr.
Hill few years ago by procuring 49,
100000 for him at a time when he was
obliged TO have the money. They ask
ed Mr. Hill 10 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 ne VIII
have 1t. / don't believe II is true that
Mr.. Hill is opposed TO Oscar G.. Muir
ray. but. II he is. Mr.. Murray Will sim
ply have to get off the track"