The Tucson citizen., 1902-01-16
AN lNCAuTloUs BOAST.
The Figure II Cut In Manipulating q
Big Railroad Deal.

1A@ "AAAEuAu DeAls
"For many, many years." said an old
railroad official. 1.-THE Baltimore and
Ohio railroads dominant policy In
volved an entrance into New York.
and the Pennsylvania and Baltimore
and Ohio were bitter competitors.
Both roads owned heavy blocks OF the
philadelphia, Wilmington and Balti.
more stock. but the balance that car.
red the control was In the hands of an
individual owner The Pennsylvania
had made dicker with this man
whereby he voted with them, but the
stock itself he refused to part with
save at figures which seemed to the
Pennsylvania's management excessive
This was the state of affairs when
one night one OF the officers Of the
Pennsylvania was dining In the cafe
of Delmonico's famous old restaurant
at Twenty-slxth street and Broadway.
His attention was presently concen-
trated on conversation going on at
the table behind him. 1t involved the
important control OF the Philadelphia,
Wilmington and Baltimore. and the
man talking was incautiously boast.
ing to his companion that he had that
day practically completed deal where
by this control came to him.
IA careful glance revealed to the
Pennsylvania official that the man
talking Mt the next table was no other
person than the late Robert Garrett
himself. at that time president of the
Baltimore and Ohio. Not one word OF
the balance Of that talk was lost to the
eavesdropper and when Garrett and
his companion left the cafe the Penn
sylvania official knew each and every
detail OF CARROTS coup IN Philadel.
phia. Wilmington and Baltimore. II
hinged on the stock held by the indI.
vidual. Garrett had made him a gilt.
tering and stupendous cash offer for
his holdings, which had been accepted.
The delivery OF stock was 10 take
place the following day.
ut was 10 o'clock at night when the
Pennsylvania official detached himself
from Delmonlco's table As fast rs
cab could take him he raced to the
Deshrosses street ferry. At Jersey
City he took special engine. and after
a Wild ninety mile ride he rolled Into
Philadelphia shortly after midnight.
Then hasty conference ensued OF the
powers that were nt that day In Penn
sylvania railroad affairs. with the re-
suit that in very short time certain
of the big men were making for n
nearby city as fast as steam could car
ry them. The astonlshed individuai
holder of p, W. and Is. stock was rout-
ed out Of bed at . a. III. TO receive
cash offer for his stock that he accept
ed ma soon as he could could catch his
breath. No chances were taken. ana
It's delivery 10 the Pennsylvqnia oc-
CURED as early upon the following
morning as 1t could be got at
when Garrett arrived later. be bit
terly appreciated the truth there Is In
| the old saw that there is many slip
',wlxt cup and lip. What followed is
| well known. Garrett In bis disappoint-
ed anger built the terrifically expen-
| gIve II. and o. extension from Baiti-
more to Philadelphia. an operation thar
saddled the b. and O. with such al
! enormous amount OF fixed charges that
n receiverxhp and the disappearance
| ~ the CARROTS as controlling factors
| In d. and O. affairs shortly followed
| II seems like the irony OF Fate that this
road today should be controlled by It's
ancient rival. the Pennsylvania In
this connection IL will he remembered
that the late William II. Vanderbilt
was fatally stricken with apopiexy
while talking with Robert Garrett. II
was generally reported and believed
TINT the Two men were discussing y
und O.'s then proposed entrance into
New York Mr.. Garrett was said ="
have emphaiicaily stated TO Mr., Van
derbilt that ahe II, and o. would come
to New York whether he tMr Wander
hin and the New York Central liked u
or not."-New York Tribune.