Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1901-05-15
P. R. IN CONTROL.
B. & O. Now Completely Under
Control.
OF It's Former Riyal--President Cowan
of the b. 4 o. to Retire-Talk OF his
Probable ueeessor-Comment on
the Merger which is expected to be
Advantageous to all Concerned.


the Merger which is expected to be
Advantageous to all Conceraed.
The following has been sent out
from Philadelphia by the Associated
Press:
The Pennsylvania Railroad COM
pany has gained control OF the Balti-
more Il Ohio railroad. The two roads
will be managed separately, excepting
that Pennsylvania men will be at the
head of the Baltimore road John
II. Cowen will retire from the presi-
deney of the latter at date yet to be
determined. The recent retirement
Of ]. j. Hill and Charles H. Tweed
from the management Of the Balti-
more. & Ohio and their replacement
by Samuel Rea, the fourth vice presi
dent of the Pennsylvania railroad,
and James McCrea, vice president of
the Pennsylvania company, were az
indication OF the change Of control
which has now been completely effect
ed. L. i. Loree fourth vice president
and general manager of the Pennsyl-
vania company, has been talked Of as
President Governs successor, but 1t Is
not believed that he will get the posi-
tion, which would not be promo
tion.
Commenting on it the pittsburg
Times says:
There is no longer any apparent
doubt that the PENNSYLVANIA Rail
road company has secured complete
control OF the Baltimore & Ohio sys-
tenn. 1t might be added that the
Pennsylvania is pretty certainly es-
tablished IN its Jurisdiction over the
entire transportation outfit south of
the New York Central & Erie sphere
Of influence. Ia his last annual re-
port read to the stockholders ia
March, the treasurer noted that the
company owned of Baltimore & Ohio
certificates $40, 900, 600 worth. At
the same. time account was made Of
s., 900, 600 of Chesapeake and Ohio
and $4,000, 600 OF Norfolk & West
ern. This means the control OF all
the east and west lines south Of Pitts
burg, while the terminal rights at
Washington and the close relations
With the Southern and the Seaboard
Air Line systems might include the
whole Southern Atlantic coast.
With the presumed gathering in of
the Atchison lines and an outlet to.
the Pacific coast the magnitude of the
Pennsylyaniarailroad of the future is
evident.
The increasing power of the Penn
sylvania railroad will be accepted by
business interests as desirable The
management Of the company is con-
sentative, making an effective and
satisfactory factor in transportation.
which is one OF the fundamental
features of production now in this
country. The company has unlimit-
ed means and commands the brains
to solve engineering and executive
problems before they are presented
A systematic management OF the
Baltimore & Ohio and the Pennsylya-
MIA railroads in common harmony
will increase the ability Of the two
properties to serve the patronage and
promote the welfare Of the industrial
communities which make railroads
possible. There was never yet a
gathering up Of the odds and ends Of
railway lines into one consolidated
system that did not prove beneficial
to the shipper, the community and
the entire country served, and this is
not likely to be an exception TO the
rule OF practice.