The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-02
ONLY A TRAFFIC DEAL.
-. & O. VIII Not Ec Controlled by the
PENNSYLVANIA.

BALTIMORE, ND. Nov. 30-President
john is. Cowcu. Of the Baltimore AMI
ohio. reulrcc from New York today,
and was asked whether there was any
basis ion ine reports WilA. r-.eIncc lo
the absorption of the baltimore ana
ohio.
"Tho statements were probably caus-
cd. replied III. CoWen. by The consum-
nation OF plans tor tho uaiutainauce
and advance Of rates wnicl have been
Developing for The past six months.
great many of the advances have gone
into effect and more Will become opera
tive January l. Most OF the commodity
rates have been put in CLASSIFIED form,
and the roads are prcIared 20 maintain
them. This refers tO ail the trunk lines.
1.-The railroads have at last come 20 see
that the old competition In rates is ruin
Gus. and I'm the future The various lines
will, ! hope cOmpete ON the English sys-
tenn over there The rates are the same
on an roads. and TO secure business be
comes question of facilities. That Is
legitimate competition. Every line in
America is now trying 90 improve its IA
ciliiirs and the road chat Las the best
Will make the mos. money for Its stock
holders.
zach line" continued Mr. Cowen. in
response TO question If the result would
bc that one road would IN slack times get
The bulk OF the business. has its own
custom. Between certain points and for
certain freight they may fight for traffic.
Some roads are better prepared to- handle
certain traffic. and that freight Will con
tinue 10 bee hauled ly it,
ON the subject of earnings Mr.. Cowen
said that the Baltimore ANA OHIO was in
need of cars and motive power I'VE
have more traffic hc said, than we can
properly handle"
"Do YOU think ,his press of business
will last? was asked.
"For two years was the reply. We
are ou the upward road 10 prosperity. j
90 not mean mat prices VIII continue 10
advance but rather that. with "A reduc-
ton I'm th,m. the demand and field FOR
the products viii increase.
Congress. l think. VIII pass me gold
standard bill Unique tionably That viii
exert a favorable influence on business.
II We could also have "a new currency
bin passed. 10 would DE so much the bet
ter. The Treasury should not be permit-
ted to lock mp such large sums as II now
has. and keep that money out OF circula-
ton. bu. suppose the democrats are
powerful enough t0 prevent 'he enact
mcnt of a law Of that character.
"The anti-imperialistic agitation will
gradually die away as the Filipino war
crumbles. The Trausyaai war wil pro-
baby De over in ninety days anli after
such strain Their is always reaction
I'm The development of trade.
with the passing Of the problems
which now confront the government il
may be expected 20 turn to commercial
questions I'm the far East II will prob
ably insist on the open door pohcy IN
China A great many persons belittle
commerce with China OF course, IL is
not as large as that with England, but It
is not q question of to-day but Oh the
next century. We have outgrown our
domestic markets. ard china offers a FER
tile field. The construction Of railroads
there will aid greatly in developing that
country. ana we ought to be in it. The
administration policy may be wider than
is now anticipated. Washington Post.