The Washington herald., 1909-01-28

Froad stockholder, who is largely inter
osted in the Chesapeake and Ohio stock,
and who has for years been fighting 70
throw of the yoke of the Pennsylvania
and Vanderbilt systems from the Chesa-
peake and Ohio.
COngratuIates Virginia.
Mr. Branch further says:
I think the people Of Virginia. Rich
mond. and all of the cities and towns
On the Chesapeake and Ohio Railway have
cause for congratulation. Personally. !
look for new era in the history Of the
road Business viii come back again
which for years has been diverted TO
other sources.
The road. as II stands. is one Of the
best equipped in the United States. and
every endeavor VIII be made by the pres
ent management. which by the way has
has not yet secured possession. 20 i'm
prove the road. \ permanent system of
financing viii be adopted. and not as has
heretofore been the case, trudge along
under the old haphazard fashion.
Great Trunk Line.
4 have not heard from my partners
in New York as To just exsctly what
has been done, but 1 do know that the
policy of the new management VIII be
progressive and along such lines as VIII
make The Chesapeake and ONO one OF
the sreates1 trunk lines in the United
States ! look soon 10 see the road with
a terminus al both oceans. This is our
desire and this viu be the end aimed ar
I can say that the present officers Of the
road VIII be retained
Richmond Stockholders VIII Fight
Nr Branch is president OF the Mer-
chants National Bank and close reIa-
tive Of Fred W Scott. Of the firm cc
Scott & Strinsfellow That the c-al-ol
of the Chesapeake and Ohio has finally
passed from The Pennsylvania and New
York Central influence may be said TO be
more OF less due to the incessant fight Of
The Richmond coterie Of Chesapeake and
Ohio stockholders
II is declared here tonight that the
control OF the Chesapeake and Ohio Rail
way by syndicate headed by Edwin
HaWley and Fred " Scott means more
10 Virginia than appears on the surface
The holders Of the majority stock, while
stating emphatically that the manage
meHt VIII not be changed. say just as
amphaticallV that the methods viii be
changed. and changed radically
Under the cont=c! ef the PENNSYLVANIA
and Vanderbilt interests the Chesapeake
and Ohio deterioratej, until most Of its
freight business was diverted 70 the
Pennsylvania and allied roads, while the
Virginia railway had 70 rely upon coal
only for freight tonnage
May Promote Steamship Lines.
Il is believed that another result from
the sale Of the Chesapeake and Ohio VIII
be a big steamship line out Of Newport
News. the seaboard terminus Of the road
Under the control Of the PENNSYLVANIA. all
export business was diverted from the
Virginia road and routed east over the
Pennsylvania and New York Central to
he ports Of New York and Boston for
foreign shipment.
IF the Chesapeake and Ohio. under new
ownership. goes after the Western ex-
port business. il IS said that probably the
- road viii be compelled TO promote 4
transatlantic freight line from the port
Of Newport News. L IS accepted here that
under the changed conditions likely to
e1SUe in the management q new era IS
about 10 dawn upon Newport News
Hartman May BE Interested.
New York. Jan with the acouisi-
tion Of the Chesapeake and Ohio by Ed
win Hawley and his associates. the street
was in a better mood to-day 10 appre-
ciate his Importance in the railroad field.
particularly in the Southern section
What seemed TO be making deep i'm
preston on sentiment was the fact 1hat
all the properties in which he is interested.
passed through the trying times Of 1871
without any damage 10 their regulations.
and. what IS more, dividends were com
menced on Toledo St Louis and West
ern preferred while other lines were
either cutting or passing theirs.
Il Is believed that Mr. Hawley has the
Chesapeake and Ohio placed with some
larger line and IN some quarters il IS
thought that he has the cooperation Of
= r. Hartman. According 20 one re-
port that came from Stock Exchange cir
Giles. the Toledo. since the interstate com
merce figures were published few weeks
ago has accumulated more Chicago and
Alton stock than was shown then