Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-07-26
He Needs New Line In
His Business.
B. & 0. Making Determined
Fight Against Sale.
Would Have To Build From pittsburg
to Akron.

to Akron.
An entirely different face was put
on the controversy over the Pittsburg
& Western yesterday by the statement
that the Baltimore 81 Ohio is trying to
keep that road from being put on the |
market and sold under the hammer for |
fear it would fall into the hands of
Carnegie.
1t appears that Mr. Carnegie wants
the road and has been a stiff bidder
for it for the last few months. He
has been so earnest in his efforts to
get the line that the Baltimore " Ohio
company has come to believe that if
the road is ever offered at auction its
chances TO get hold of the little giant
arc decidedly slim. AS il means eth
cr to get that line or to build n new
one from Pittsburg to Akron the r. Il
O has resorted to some cunning meas
ures to hold the supremacy over the
line and govern its board. The road
president Mr.. King, has been for fore
3 closing the mortgage, but he has been
3 thwarted in his movements. The APP
) pearauce of the Carnegie interests in
this sale changes the whole aspect of
the dispute over the property. 1t has
:. been thought until now that Mr.. King
actuatcd by an old hatred for the B.
& o. and by a desire to keep his hands
on road which has practically been
under his control for years, was tight
ing off that element in his board of di.
rcctors and among his stockholders
II seems now that he is acting for the
Carnegie interests, who are trying TO
obtain part of the holdings OF the
B. & o. and also to get hold of the 9th
or securities of the road. Mr.. King
y has been represented as playing Tor
wind, or of keeping the B. 4 .. out
Of tlA
possible by delaying the sale. 1t seems
now that Mr.. King has indeed been
keeping the b. 4 o. out of gaining
possession, but II was the officials of
that road who insisted that 1t be not
offered at public sale. -. King was
- In favor of forcing the foreclosure
knowing that the Carnegies would get
n the l.ne, while tile -. 4 q. wanted tt
ne get possession of the property in anoth
i'll or way.
IL This has awakened interest In the az
n. rairs of the Carnegie company and has
mt brought out the inquiry as to wha
~ Mr.. Carnegie wants of the railroad
or He already owns one piece of propert,
rit the Pittsburg, Bcsemer X Lake Erie
IS which runs between Pittsburg and th
er lakes, but 1t is not sufficient to hi
m needs. The T., H. n Il. Il. docs all o
NJ. IFS business at Conneaut, that beinl
nlf the port where all of the ore is un
cd loaded Now il has been found tina
IN. because OF the Inability of the roa'
W to handle all of the Carnegie ore, abou
iss / 900, 900 tons of IL have been take
de elsewhere for shipment, and Fairpor
which Is the terminus of the Pittsbnr
4 Western, receives some of 1t. NOV
the belief Is that Carnegie wants 10 ge
IN hold of the l.. 4 W. TO use 1t as u
auxiliary line to the T.. h. Nj. Il. IN
mt II. & o. is fighting any such deal a
FOR this because 1t would mean that
an would have TO build line for itse
DO between Akron, the terminus of I'll
'rF main line in the north and Pittsburi
'"e the terminus of the main line from "
east. 10 connect these II would
necessary to build new line, an
actuated by the fear that 1t was M
~, going to get control of the L. n y
tcd II is said that the u. & o. has alreat
w" caused to be surveyed new line
N thot tnrrittryst The latest report ubo