The Calhoun chronicle. [volume] (Grantsville, W. Va.) 1883-1984, 1902-04-01

ern, the Texas Pacific and Cotton
Belt Railways, and is the counsel
generally for the Gould interests.
ut was not to be expected that
these gentlemen at n public hear.
ing should explain in ietail wham
they represented and exactly what
they proposed to do. Their bid is
the highest cash bid and meets all
the requirements prescribed by the
city.
The environments Of those they
represent aud who are endeavoring
to purchase the Western Maryland,
should certainly Indicate that it is
not their purpose To let the Western
Maryland terminate among the coal
fields along the line of the w. Va.
Central. But this is not all
In addition to the syndicate man.
ayers above named-the three gen.
tlemen having the right To increase
their mum ber-AIessrs Howard Gould
and Alvin w. Kreech, vice president
of the Mercantile Trust Co, of New
York, were made syndicate managers
on March 10, thus increasing the
number from thee to FIVE.
What, therefore, can be the in.
significance OF this ? Combined, you
have MIR. Herrick, representing tho
Wheeling and Lake Erie Railroad,
which gained entrance into fittsburg
MS stated above; Messrs Pierce and
] Gould, representing the Wabash,
Missouri Pacific, Denver and Rio
Grande, etc, to do what? To pur.
chase control of the West Virgin ia
Central; and they are now endeavour.
ing to purchase from the city It's
holdings in the Western Maryland
Railroad, under a guarantee to depos.
it SO, 200. 900 of bonds for the estab-
lishment IN Baltimore Of terminals in
connection with the same.
"But what more are they empow.
cred to do? Should they tail to Sc.
cure the Western Maryland, they are
authorized to provide by construc.
zion, lease, trackage or othsr arrange.
ments, tor tidewater connections for
the w. Va. Central aud Pittsburg
Railroad.
What, then, are these syndicate
managers required to do if they Sc.
cure the Western Maryland railroad?
"To extend it to tidewater, at or
near Baltimore
What are they required to do,
provided they do not secure the
Western Maryland railroad? To
provide by construction, lease, track.
age or other arrangement for tide.
water connection for tho w. Va.
Central and PittsduIg railroad
Where? They are not restricted.
The purchase of the Western Mary.
land restricts them to to the section
of the termin al at Baltimore; non.
purchase leaves them free to 90
where they can make the best to rms.
This means that if Baltimore ia
to throw away its opportunity to sell
its interests in the Maryland, under
such restrictions as are fair and prop.
Ell 70 protect it from the resale to in
teresis antagonistic to it and such as
will guarantee adequate terminal ia.
cilities, it will force the syndicate to
make arrangements for an outlet to
tidewater other than Baltimore.
BY further consideration of the
three bids other than that of the w.
Va. Central aud Pittsburg syndicate,
it will be seen that one the Reading
bid can hard ly be said to be IN the
interest of Baltimore, while the other
two bids are promises to form com.
panles which require millions OF dol.
lars to be expended before they can
mean an ything, with nothing back of
them except promises.
Contrasting with this, let me say
that the syndicate which makes the
West Virginia Central bid, is con.
trolled by the direct Gould interests
and the individuals and financial
corporations identified with those in
terests
"Connec'ing at Ogden, Utah, and
FL Pasn, Texas, with the Southern
Pacific lines reaching Californis and
Poetic ports, the Gould system comes
east through the lines of the Rio
Grsnde and Western, the Denver
and Rio Graude railroad, the Mis-.
souri, Pacific and Wabash, reaching
the cities OF Salt Lake, Cenver. Kan
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