The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-14
UNDER WESTERN METHODS.
Baltimore & Ohio Expected to sh

Baltimore & Ohio Expected to Show
New Life In Every Department.
CHICAGO, April 1S.-In the election OF
new board Of directors for the Balti-
more & Ohio railroad Tuesday the man
agement Of that well-known property
passes under the influence Of Western
methods and Western enterprise. James
j. Hill, of the Great Northern, and Nor
man B. Ream, of Chicago, are the paru-
cular representatives Of Western share
holders. Within the last six months,
Chicago capital, through the influence of
Mr.. Hill, became largely interested in the
property. 1t is not controlling one, but
is sufficiently large to influence the policy
of the management Among the Chicago
people who have recently come into the
property are P. D. Armour, Norman B.
Ream, John J. Mitchell Marshall Field,
Edward L. Brewster, and others. They
have agreed to hold their stock for q
definite period.
The Baltimore & Ohio, through It's
Western friends, is expected to reap con-
siderable benefit from the change in man.
agement of the Chicago & Alton. It will
have direct traffic facilities between
Chicago and st. Louis.
The reorganized Baltimore & Ohio is
commanding the interest of both rail-
road people and financiers. The manage
such as to excite general confidence.
Money has been poured into the property.
improving both the roadbed and the
equipment. There is new life In every
department and the famous old property
will, within a year or two, command the
prestige which it once enjoyed.
The personnel of the board of directors
is interesting. William Solomon, of New
York, has been connected for many years
with the banking house Of Speyer & Co..
which has had charge Of the reorganiza-
ton for the managers.
Jacob H. Schiff is well known member
Of the banking firm Of Kuhn, Loeb &
Co., of New York, and a director Of the
Union Pacific railroad. His son is one OF
the new directors Of the Alton.
James J. Hill is well known as presi-
dent of the Great Northern railroad, and
i regarded as one of the most success
full railroad operators and financiers In
the country.
Edward 0. Bacon is president of the
Baltimore & Ohio Southwestern railway
and was chairman of the subcommittee
on reorganization, which proposed and
carried out the plan Of reorganization OF
the Baltimore & Ohio railroad.
Louis Fitzgerald, Of New York, is presi-
dent of the Merchanttle Trust company
and has long been interested in the Balti-
more & Ohio railroad. He is~ehairman
of the reorganization committee.
Norman B. Ream, Of Chicago, repre-
sents his own and the interests of Mar
shall Field, P. D. Armour, and their as
sociates, who have large interests in the
property.
James Stillman Is president Of the City
National Bank Of New York, is closely
identified with the Standard Oil interests
and is director in the Chicago & North
western and the Missouri, Kansas &
Texas railroads.
Edward H. Hartman, Of New York
is the new president of the Chicago 8
Alton railroad, and chairman Of the ex-
ecutive committee of the Union Pacific
road.
j. Kennedy Tod is the head of the New
York banking firm of j. Kennedy Tod &
Co., director in the Great Northern
railroad, and is connected with many
large financial Institutions
Charles Steele is a member Of the New
York law firm of Seward, Guthrie &
Steele, which has acted as the council
of the reorganization syndicate. Alex
ander Brown is the head of the firm OF
Alexander Brown & Co., of Baltimore
and connected with Brown Bros & Co.
Of New York and London. H Clay
Pierce, Of st. Louis, is associated with
the Standard Oil interests, and is a lead
ing business man in his city, and Is as
ISOLATED with large financial institutions
H. Crawford Black and John " L. Find
lay are well known Marylanders, being
appointed to the board by the governor
representing the states interests in the
Baltimore & Ohio railroad.