The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-19

CHICAGO. Sept. Is.-The publication
IN the Tines Herald yesterday with re-
rard to the new Baltimore & Ohio rail-
road dea! has attracted unusual atten-
lion. The matter summed up is as fol-
lows:
philip D. Armour, Marshall Field and
Norman B. Ream have secured control
o, the baltimore & Ohio railroad. They
have made James j. Hill, president Of
,he Great Northern railway, the domln-
stInT factor In the reorganization Of the
system, and have gained for Chicago
and the northwest what Is practically
a trunk lire from ocean to ocean con-
,ro.isd by Chicago capital.
"Mr. Ream engineered the deal by
which his wealth, that Of AIr. Hill and
oi Messrs. Armour and Field, gained a
controlling Interest in the Baltimore d
Ohio, which hereafter Is TO be Chicago
enterprise, fed and sustained in trans
Continental affairs by the immense mile
age OF the Great Northern railway. II
any road completes the gap between the
terminus OF the Great Northern railway
in 81, Paul and the terminus OF the Bal
.Imore & Ohio in Chicago, 1t VIII be the
Chicago Great Western railway, but
that Is q matter for the future"
The officials Of the Baltimore & Ohio
went TO Cincinnati on Saturday from
Chicago, where they had been attending
a meeting. In their conference, which
was held at the st. Nicholas, 1t was said
10 representative OF the Associated
Press that they had nothing to say.
Seml-UfiiUial siHIEmSiIi.
When pressed, however, President E.
R. Bacon gave out what is considered
as semi official statement OF the af-
fair He said that of late some COM
ntrcIal agencies in New York and Chi
cago had been negotiating for the pur-
chase OF a substantial interest IN their
road and that the negotiation had been
brought TO a successful conclusion. he
said they had been providing for the
cutting down Of grades and torRtraight-
eniHE outs5f-trEriEs 10 as to GStEfsE,iy
for very substantial increase IN theiF
business r
Although no statement has been made
definitely still It Is the understanding
that the sale was made on q considera-
ton OF SO, 100000.
Not Talking Much.
All those who are Interested in the
deal are not talking much about the
officers OF the road, but II is understood
that the scheme so long proposed Of
having the receiver act as president Is
still at high ebb. He Is said to be In
keeping with the new holders OF the
controlling stock and win be made the
president, with Oscar C. Murray as vice
PRECEDENT
as soon as the proposition was start
ed, statements started to come In from
all parts Of the country, and some OF
them are given herein:
The Chicago Post says that James J.
Hi is too busy man to spend much
time In a venture of that kind unless
there is something in It. He has been
active uf late.
Mr. Armour confirmed the story. but
said II was simply q purchase OF the
Baltimore & Ohio without reference TO
lines between Milwaukee and Chicago.
He says he and Mr.. Field Will be placed
on the board, but he will not be di-
rector.
James ]. Hill. when seen in 81. Paul.
taId whatever connection he might have
with the Baltimore & Ohio would not
be with any Intentions toward any
other road but to put 1t on its feet.