The times. [volume] (Richmond, Va.) 1890-1903, 1898-10-19
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pleteiy dominate f. IT, Will be much the
same in this case Whether or not the
new investors own a controlling interest.
no one who knows them will doubt for a
minute that they Will pretty well domi-
nate g. Every small stakeholder should
be glad. and probably Is glad, II ne IS
posted. that such men as Hill and rleid
and the others have come into the Balu-
more and Ohio.
Think what IL means. II Is that these.
among the most astute railroad men OF
this country. with all their wealth and
their influence and experience. have look
I'D into the Baltimore and Ohio as piece
of property, have examined u CAREFULLY
and have determined that it can be turned
into a dividend payer. They have faith
in the reorganization committee, and II |
may be permitted 10 say so. In the man
agement OF the road. Understand. these
gentlemen are buying the stock Of the
road, not its bonds. though / presume
some Of them have I'm the course Of their
financial transaction acquired some Of the
bonds. too. but ~ IS the common stock Of
the road which these gentlemen have
bought They have stacked their dollars
in with the belief that The road will win
out in the vernacuar I'm other words.
that IL Will become a dividend-payer.
These holders Of the common stock Of
the D. q o. will De the strongest who have
ever held IT, They are an railroad giants
and will infuse new life into the property.
Nor are the four whose names are men
toned. Hill Field, Armour and Ream. the
only ones who have bought into the road.
The stock 7 can say. has been judiciously
distributed an along the road where IL
would do the most good. other influential
men are interested in the deal. They have
bought stock and have the Advancement
Of the road s. interest al heart. No. |
cannot say where or 10 whom this stock
has been sold. but il will all appear In
good time
THE recent transaction has been the
realization of my hopes about the future
OF the road. II is in line with everything
1 had planned"
When asked as 10 when the reorganiza-
ton should now be completed, Mr.. Cowen
said
well. I should say in a few months.
possibly three or four. There are a great
many details TO arrange about the fore
closure Of course These suits are not
worrying us much. / don't think anyone
IS particularly afraid Of their outcome. /
think that I'm a few months the entire re-
ORGANIZATION Will be entirely effected.
"As 10 the new directory, ] can only
speak. Of course. IN general terms The
new interests will Of course, be repre-
scented. and well represented. II IS nat
ural that they should. and it Is everyone's
desire that they should.
There Is absolutely nothing In the state
nent that there will be a consolidation
Of roads by which a trans-contincntal
system viii be arranged. Mr.. Hils state
mcnt IS very clear on this point There
will be no consolidation OF roads. with
the Great Northern or any other The
Baltimore and Ohio will hold Itself open
nj Chicago to accept business from any
Of the great Northwestern roads which
empty at Chicago. There would be abso-
lutely nothing in tynig ourselves up with
any of these roads and the statement
that we would do so was only hap-haz-
ard guess. made on the spur Of the mo-
ment by someone when IL was first
learned that Mr.. Hill the builder Of the
croat Northern. was TO become inter-
ested I'm the Baltimore and ohio.'-Baiti-
more News.