Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-30
BIG RAILROAD DEAL.
,ryNsyLvANIA ACQUIRES CONTROL
OF BALTIMORE AND ONO.
The BIG -FOUR And c. & 0. LINES.
rhc Controlling Interest of j. II.
Morgan in These Roass Taken over
by w. IL. Vanderbilt I'm behalf of
the New York Central.
Now York 2ethO

CNew York Times-Sth)
Extraordinary accomplishments were
omploted yesterday I'm eastern trunk line
ailway affairs. Changes are brought
bout in three important railroad sys-
ems
The Pennsylvania Company acquires
ontrol Of the Baltimore and Ohio.
w. X. Vanderbilt in the interest Of the
sew York Central. takes over the con-
rolling holdings of J. =. Morgan in the
cleveland. Cincinnati. Chicago and 81.
.ouis and the Chesapeake and Ohio.
This revouuonlzes the eastern rail-
say situation Apprehensions so much
iippodromed IN Wall street recently over
Baltimore and Ohio under new western
ontrol being disturbcr are so eXtln-
uishod The concentration Of eastern
abroad control so becomes effective in
ar-reaching ways.
The two deals have been accomplished
ogether. Tho executive heads OF the
'ennsylyania and the New York. Central
ave worked together. And thus is man
fest the fact disclosed ia The Now YORK
lines some months ago that Mr.. Van
erbilt and President Cassatt are not
1erely allies. but $50 closely related mat
astcrn trunk line affairs are dominated
Is by one mind.
Ii IA pfobablc that either the one great
ystcm acquired 10y the Pennsylvania or
he two important properties acquired br
sew York Central interests viii be forth
18th attached in opeu corporation
mergers. For reasons that practical Dusi-
ess~men can amply appreciate. there is
kelly % be Il disposition o. lot the public
.avo few secrets Immediately.
II may even Doe that official views Of
.hat Is polite may require for n time
hat the deals be not even admitted.
hat was the case when original pubiicl
ion was made Of Mr.. Nanderbirs Boston
nd Albany lease deal. for In the present
bigger instance. as then. negotiations
ave been conducted with such adroitncss
hat even high Officers of the interested
roperties- have been without knowledge
Z what was In progress, but this inior-
nation IS official Concluding signatures
o operative CONTRACTS were attached
esterday
The acquisition OF the Baltimore and
)hio by the Pennsylvania can Zoe COM
AIRED only with the coup which W. *.
randerbilt's father accomplished IN the
aspiriting surprise he gave Wall street
fteen years ago with his West Shore
cal.
FACTS ABOUT THE ROAD.
The Baltimore and Ohio railroad, with
ranches and leased lines, has total
Mileage Of 2OiG.0S miles. The capital stock
mounts TO lOl.727 900 OF which SJ9ZIouO
, In preferred stock.
Tho company was chartered IN Mary
and February % 1921 and in Virginia
N the sth OF tho succeeding month. Ihe
Dad was opened to EllicOtts Mills, a
istance Of fifteen miles, on May 81
SO. and locomotives Were first used ON
August s0th of tho same year In July
sn.. .he through line was opened TO
Nncinnati. louisville, and ST. Louis
nd TO Chicago in November. lsA I'm
&c a line was secured 10 Pittsburg, and
n 1885 the route from Baltimore 10
shilsdelphla was opened. In December
4 tha same year, the "Blue Line" was
tut IN operation between New YORK,
Washington, and the Southwest.
The company being unable To meet its
OBLIGATIONS maturing March J. 1896, re-
eiyers were appointed. Several commit
ees on reorganization were chosen, repre-
enting different interests. Defaults
we're made on the several important loans
,arly In the receivership, the arrears ON
ONO OF which were subsequently made
,ood. Suits for foreclosure were brought
n 1897 and 1898. In December last the re-
,rganization managers, having provided
'unds for that purpose, the receivers Ger
ificates were called for redemption.
@arge contracts were placed in December'
s9s and In January, 1890 by tho receivers
The total liabilities at the close OF the
ssca, year. on June 80. 1887, were S49, SEA-,
DS. The rolling equipment consists OF
our electric motors. 81 locomotives. 800
passenger coaches. II combination
coaches. dining cars, 81 baggage cars,
o express cars, il refrigerator cars,
ulcers cars, 2 pay cars. and SsS52 freight
.ars. In addition, the company controls
tugs. 2 steam lighters. 10 covered light
rs. 81 barges, foats, pile drivers, and
open lighters. The net earnings in 1898
we're 81. ii6.G96.
TOTAL MILEAGE INVOLVED.
The total mileage OF the Cleveland, Gin
.innati. Chicago and st. Louis railway Is
.234l9 miles. The capital stock is $500
%. of which si0.ooooco is preferred. ON
une n. 1889. there was consolidation OF
no Cincinnati. indianapolis. ST. Louis,
ma Chicago; the Cleveland. Columbus,
1ncinnati and Indianapolis. and the In
and 81. Louis railways. Other
eased lines were merged I'm 1890. and the
4pital stock OF the Cincinnati. Wabash
nd Michigan Railway Company was pur-
based. The corporations rolling stock
Onsists OF $50 locomotives, 236 passenger
airs, 12.453 freisht-cars, and iSi cars OF
|ther descriptions. The net earnings In
SO were s3.S5i7 10, when the total liabili-
les were $sS77Ss369@.
The Chesapeake ana Ohio railway has
, total mileage Of l3e0.iO miles, the main
ne running from Fort Monroe Va 10
1ncinnatf. The company was organized
)1t1ier J. 1873. BY reorganization with
hut foreclosure, OF company Of, the
anne name. whose property had been i'm
- hands Of q receiver since October 22
~ This company owns the Louisville
"a Jacksonville bridge Jointly with the
icreland. Cincinnati. Chicago and St
o>sis Railway Company. and has track
- rights over the Louisville and Nash