The herald., 1898-09-18
THE B. & 0. RAILROAD
GOES INTO HANDS OF CHICAGO
CAPITALISTS
THE CALIFORNIA EASTERN
Is Making Preparation to Reach Los
Angeles by Way of the Santa
Fe Company's Line

CHICAGO, Sept. 1.-THE Times-Herald
says:
| Phil D. Armour, Marshall Field and Nor
man 3. Ream have secured control CT the
Baltimore and Ohio Railroad. They have
made James j. Hill, president of the Great
! Northeru Railway, the dominating factor
in the reorganization of the system. and
have gained for Chicago and the northwest
what is practically trunk line from ocean
! 10 ocean controlled by Chicago capital.
| Mr. Ream engineered the deal by which
his wealth, with that of Mr.. Hill and Of
Messrs Armour and Field gained a con-
| trolling interest in the Baltimore and Ohio,
which henceforth IS TO be Chicago enter
prise. fed and sustained in transcontinental
affairs by the immense mileage of the Great
Northern Railway. If any road completes
the gap between the Great Northern Rail-
road in 81. Paul and the terminus of the Bal
timore and Ohio in Chicago. II will be the
Chicago Great Western Railway, but that
is matter of the future
Mr.. Ream will become a member of the
Executive Committee of the reorganized
road ard either Mr.. Field or Mr. Armour
may become a director, although in all
probability the trio will be represented by
| NIL IltdL IicsIueLl nm toiiAcCtiOi
with the transaction foreshadows the
statement that he will be the prime factor
of the road.
The price paid by the Chicago men is not
known. the details of the transfer Of the
property of the road being discussed at a
conference held in the Audit orium Annex.
At this conference President Hill, Mr.
Ream, John X. Cowen, president of the
Baltimore and Ohio, and Oscar Murray, re-
ceiver, and william Greene, general man
ager of the road, were present.
| Mr.. Ream declined to be interviewed, but
one Oh the Baltimore and Ohio officials
confirmed the report current in Wall stree,
on Thursday and in Chicago railroad cir
Giles that in addition to the holdings Of the
road which the Rockefeller interests are
reported to have secured last week for
Western hackers Of the road, Messrs Field
Armour, Ream ard Hill had secured suffi-
cient reorganization stock 10 make CHI
cago and the West the dominant element In
the future management of the road.
President Cowen was no. prepared to
make full statement until after he had
consulted with Mr.. Ream. President Hill
was in a jubilant frame of mind and would
not deny that Field, Armour and Ream
has assisted him in almost realizing his
dream of having a road from the Pacific to
the Atlantic controlled by Western men.
The Deal Confirmed
| MILWAUKEE,, Wis, Sept. l7-At ths
Chicago, Milwaukee and St. Paul stock
holders meeting held in this city today. only
routine business was done, ard The old
dill ectors and officers were reelected. Mr..
Armour when asked about the Baltimore
and Ohio deal after the meeting. said:
II confirm the transa ction referred 70
The lire Is not to be ira rscontinentall.ne
but simply the Baltimore e Ohio Railroad.
There is no deal concerned with Il rela,,
ing to the lines between Milwaukee and
Chicago"
Voming to Los Angeles
SAN FRANCISCO, Sept. 1.-THE Exam
liner tomorrow will says:
Following on the heels of the off .ial n n
nouncement by First Vice President Watt
of the San Francisco and San Joaquin Val
ley railroad, that his company propos ed I'm
the near future to build an extension from
Bakersfield south across the Tehachapi
mountains, comes news that the California
Eastern railroad has placed an issue of
| SGSi,OO0 per cent bonds in London for the
purpose of extending It's line AZ miles.
The latter road runs from Blake, sta
ton on the Santa Fee, near The Needles
north to Marvel, a distance of q miles
Isaac Blake of Denver is its president, and
J. w. Jackson, a millionaire of the same
city, is it's leading director. The proposed
! extension will take the road into Nevada,
near town called Calivada, on the route