The Saint Paul globe., 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
It-President HIPS 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
it is a 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
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
ident HILL of the Great Northern An
other report, seemingly as well found
ed, Is that Receiver Murray wants Mr..
Kendrlck to be genera. 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
slated for the presidency Of the COM
pany after It's organization. within
five days the successor Of w. M Greene
as general manager Of the Baltimore
&, Ohio will be appointed, hut can say
positively that no choice A4s yet been
made. If Receiver MurFay can pre-
vent 1t, the general manager will not
hold the higher position of vice presl-
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.
that the present receivers have mar
velously improved the Baltimore &
Ohio property, until today 1t Is able
to compete with any line, but at th2
same time Mr.. Hill knows how nIanX
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 un-
limited capital it is an easy matter to
build or improve a railroad but to run
a railroad SO 1T will pay Is very diff
ferent thing"
1T is not true that the president of
the Great Northern railroad became
interested in the Baltimore & Ohio
through ]. P. Morgan and his friends -
said man who is familiar with Bal
t1more q Ohio affairs, although not
identified with the company. 1.-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 & Co. and Kuhn, Loeb & Co.
These firms earned the gratitude Of Mr..
Hill few years ago by procuring $15,-
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 VIII
have 1t. I don't believe it is true that
Mr.. Hill Is opposed to Oscar G.. Muir
ray, but. If he Is, Mr.. Murray will sim
ply have to get off the track"