The evening times., 1898-09-19
THEGREkT RAILROADDEAL
Plans for the Future of the
Baltimore and Ohio.
STRENGTHENING THE ROAD
Receiver CoNyen May Bceomc the
President and Receiver Murray
the vice President of the ReOrgan-
fzed Railroad Company-The Con-
ference at Cincinnati.

Cincinnati Ohio, Sept. l9.-President e
R Bacon, of the Baltimore and Ohio
Southwestern Railroad, who is here with
Receivers Cowen and Murray and General
Manager Green, of the Baltimore and
Ohio. said last night that while ii was
true that Western capitalists has secured
large interests in the Baltimore and Ohio.
the details of the deal would be withheld
for the present.
There are excellent reasons for belieV-
ing that before all the details of the pres
ent movement are made known another
coup will startle the railroad world.
The ostensible business of the railroad
officials here was for an examination into
the affairs OF the Baltimore and Ohio
Southwestern. Mr.. Cowen left for Balti-
more last night, and the other officials
will leave today.
While the conference here is believed 10
have been chiefly on estimates for i'm
provements for the Baltimore and Ohio
Southwestern system. il is stated that
Receiver Murray will make a report on
the Trans-Ohio Division 10 the new purA'
chasers Of large interests in the prop
GflA, VINO lUCluNt AAilp ~.
Marshall Field Norman b. Ream and
James J. Hill. 1t is stated that the pur-
pose is not only to have a great trans
continental line through Chicago and the
Northwest, but also 10 have fast line
from the Atlantic seaboard TO ST. Louis,
and that the whole Baltimore and Ohio
Southwestern system Will soon be equip
ped with underground rails after the
ph anA other
ments made.
So far most Of the improvements have
been made east of the Ohio River, and
now the road is TO be perfected west of
the Ohio.
The Baltimore and Ohio, Southwestern
system, from Parkersburg through Gin
cinnati and Louisville, 1t is understood
will be included in the reorganization. ii
embraces the lines OF the old Cincinnati
Baltimore and Washington Railroad, and
of the old Ohio and Mississippi line
When the Ohio and Mississippi was pur-
chased six years ago the Baltimore and
Ohio guaranteed the bonds of the Balti-
more and Ohio Southwestern, and the
Southwestern system is practically op-
Grated as a division of the trunk line.
At the conference here il was proposed
TO put this whole system in the best pos
Sible physical condition for fast time to
ST. Louis, and then to improve the equip
mvnt.
In connection with the proposed changes
Of the new purchasers IT is stated that
Receiver Cowen has gone to Baltimore
TO confer with the Johns Hopkins Uni
Versity holders OF Baltimore and Ohio
stock, and that when Mr.. Bacon returns
TO New York he will see interested par
ties there, after which he will go 10 Eu-
rope 10 confer with English interests.
IL is the current report here that Mr..
Cowen Will be president OF the new COM
pany and Mr.. Murray vice president.
with Mr.. Bacon in the new board, as
well as capitalists from the East and the
Northwest
Mr.. Bacon, in an interview, said that
G number Of representative men identi-
ned with large railroad, manufacturing
and commercial interests in the North
west, Chicago, New York and other
cities had been for sometime negetiat-
Ing for the purchase of very substan-
tial interest" in the Baltimore and Ohio.
and that such negotiations had been
brought to a successful conclusion; that
under the reorganization ample means
had been provided for cutting down
grades, increasing the capacity and IA
cilities of the road, and putting il in a
condition to handle largely increased
business; that the reorganization manag-
ers had decided that the subsidiary lines,
8HNiANllAS AiIt IohlllInOTC ana OLlO SOUTH
western, should be likewise treated and
arrangements were being concluded to
readjust the affairs of such lines and Sc
cure capital 10 put them in the same
condition the main line.
Mr.. Bacon was somewhat Eeticent but
a. is evident that the control has been
purchased, and from what has been
learned here and through other sources
II is certain that much larger sum
than sl0,0O00 GOO has been paid for it.
james j. HfII's Interest.
ST. Paul. Mimi, Sept. 19.-President
James J. Hill, Of the Great Northern
Railroad. says regarding the Baltimore
and Ohio reorganization: ANY connec-
tion j may have with the Baltimore and
Ohio is simply for the purpose of putting
that road on its feet and making it what
Il was at one time-one of the most i'm
EHEHI N hmm lTniIUTn