The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1901-05-17
SAYS MIR. COWEN WILL GO.

SAY MIX. COW EN- WILL GU.
A special dispatch to the Baltimore Sun
from Philadelphia Sunday night said:
The Pennsylvania Railroad Company
has gained absolute possession or control
of the Baltimore and Ohio Railroad This
was accomplished by the purchase of the
stock of the Maryland corporation. The
two railroads will be managed separately,
as they are at present. except that Penn
sylvania men will be at the head of the
Baltimore road Mr. John K Cowen will
retire from the presidency, but just when
that is to occur has not been determin
ed.
THE above statements and what fol-
lows were made to a reporter for The
Sun by a high official of the Penn
sylvania Railroad Company. 1t was learn
ed that control was assured the Pennsyl
vania Company about six weeks ago, but
it was deemed proper policy not to let the
fact become public at that time. 1t seems
that some difficulty was experienced in
getting possession of the securities of tie
road without paying an eNorbitant price
for them Therefore, denials were made
that the Pennsylvania sought to obtain
control. Vixen these details were arrang-
ed few days ago it was decided to let
the matter become public.
1.-The retirement of Messrs. j. j. Hill
and Charles H. Tweed from the manage
ment was regarded as indicative that a
change had occurred. Their successors
were Samuel Rea, the fourth vice-presi-
dent of the Pennsylvania Railroad, and
James McCrea, of Pittsburg, vice-presi-
dent of the Pennsylvania Company, which
includes the lines west of Pittsburg. Up
to this time no settled policy has been
determined upon relative to the Baltimore
and Ohio by its new owners. President
Cassatt and his counselors have had
several conferences relative to what is
the best to be done with the property,
and the whole matter has been left to the
Pennsylvania president. A leading official
of the company said to day that the sub
ject was big one to be decided, and it
could not be disposed of at single sitting
nor in week"
The increase of the Pennsylvania Rail-
road Company's representation in the
Baltimore and Ohio Railroads directorate
from two to four members, has been fol-
lowed by report from Philadelphia that
Mr.. L. F. Loree, general manager of the
Pennsylvania Lines west of Pittsburg, is
to become president Of the Baltimore and
Ohio, and that he will be named for that
| office within few days.
No information as to the possibility of
a change in the office of the president
could be obtained at the Baltimore and
Ohio building in Baltimore. President
Cowen declined to discuss the reports as
to what might be the Pennsylvania Rail-
road Company's course in the board.
President Cowen, when seen last Sun
| day night at his home, Charles and Twenty
fourth streets, and asked if in view of the
wide publication of the rumor that he was
| to leave the Baltimore and Ohio, would
| he say anything on the subject, replied
| that he had nothing whatever to say"
ject.
An Associated Press dispatch from
Pittsburg last night stated Mr.. Loree
pronounced groundless the report that
lately went with the Erie, and that he had
never been approached by any of the
Baltimore and Ohio people, nor had any
of the Pennsylvania officials said anything
to him in regard to his becoming presi-
dent of the Baltimore and Ohio.
| The Pennsylvania representatives now
in the Baltimore and Ohio directorate are
Messrs. John P. Green, S. Nj. Provost,
James McCrea and Samuel Rea. The
latter was formerly chief engineer of the
Baltimore and Ohio Belt Line Railroad.
This gives the Pennsylvania one-third of
the members in the board.
While it is understood that a new gen
eral manager for the Baltimore and Ohio
will probably be chosen shortly, it is not
anticipated in railroad circles that any
changes in the more prominent offices
will be made until Mr.. William Salmon
retires as chairman of the board, which
he is expected to do next autumn. There
is a general xiety around the Baltimore
and Ohio headquarters to learn how the
Pennsylvania influence is to be manifest
ed, and it is generally expected that Mr..
Loree will enter the Baltimore and Ohio
service in some important capacity. Mr..
McCrea is also being talked about for
chairman of the board after Mr. Salmon
retires.
Another report coming from Philade-
lphia was that j. c. Stuart, general sup
erintendent of the middle and north
western divisions of the Baltimore and
Ohio, would become general superinten-
dent of that system. This is regarded in
Baltimore and Ohio cicles as only gossip
as to a possibility in the event of general
changes in the service.
OUR WASHINGTON LETTER.