The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1910-01-12

Nv. MA. SHIPPERS
trontInued frofn ETC one.l

syftefn OF said company, from any and
all restraints through or by reason OF
any fact or condition. wfiether rclat.
ing to unreasonable traffic rates, or
Inadequate transportation facilities
d:sleosed by the Investigation made
W the committee aforesaid.
The resolution was then discussed.
Ex-Governor A. q. Fleming, of this
city, was called upon first.
Governor FIemfng's address was re.
plete with the history of the manage.
ment o fFthe Baltimore and Ohio Rail.
road Company going back of the tire
when Hon. John X. cowen, of RaItl.
nrore, and Oscar G. Murray were ap.
POINTED receivers for the great trans.
portation company. Governor Elem.
Inn gave glowing tribute to the en-.
eelIence and ability Of John, X. fcowen
declaring him one Of the biggest men
Of his day. He said that ever since
cowen had placed tho Baltimore ard
Ohio Railroad Company on it's feet
and the road had become a factor In
the transportation Of commodities II
had been controlled and dominated by
the Pennsylvania Railroad Company.
At the very moment the Baltimore and
Ohio became instrumental in the dc.
veiopment Of the country the stronu..
corporation bought forty per cent. OF
the stock CT the Baltimore and Ohio
company's stock and s!A,ce then the
control has not been with the RaIti-
m.re and Ohio but with the stronger
eor,peting line.
Governor FEeming said that the
Pennsylvania Railroad Company did
not buy this forty per cent. Of the
stock Of the Baltimore and Ohio Rail-
road Company for the Dividends that
1t was declaring to Its Stockholders,
the money that were given to
the stockholders were only five per
cent. while the purchasing company
paying six per cent. interest ON
the money It borrowed to pay for the
stock purchased In the Baltimore and
Ohio Railroad Company. The PENN
syIvania Railroad Company did not
bly this forty per cent. Of the stock
Of the 9altimore and Ohio Railroad
Company to help the Baltimore and
Ohio Company to build UP and develop
the territory through which it passed.
This stock was not bought for the pur.
pose Of aiding John X. coWen in solv-
''1a the great problem that came be.
fore him. It was not for the profit
that would cor1c from operating the
road. II the stock was NOT bought for
any Of these purposes VIVA, Was 1t
bought for? 1t was bought with one
end In view: and that was to control
The policies of the Baltimore and Ohio
Railroad Company. The PcnnsyIva.
MIA Railroad Company tried to con-
troll Jchn X. cowen and VIXEN he said
he was running the Baltimore
and Ohio Railroad in the interests Of
stockholders of the Baltimore and
Ohio Railroad Company and not in
the interests Of the Pennsylvania Rah..
road Company. When the PcnnsyIva.
MIA Railroad Company saw that John
X. cowcn was too big a man to be
by it the company hroueh.
other pressure to bear and cowen was
ousted from the presidency of the Bal
and Ohio Railroad Company
and Loree was elected to his place.
Governor Fleming declared that
Governs renlcva! from the presidency
he had so faithfully served fell on
him 50 hard that Z killed him. Cover
the speaker, dicu a broken :ieart-
cd man. In the election that placed
In the presidency of the BaIti.
mere and Ohio Railroad Company
only two of the great men Of that com
remained with it, namely, Thorn
as F. Fitzgerald ard Oscar G. Murray.
Loree's term Of presidency was short
lived and Oscar G.. Murray succeeded
i,:n. The speaker said that none Of
records Of the road would show
that the Pennsylvania Railroad Com.
i,any controlled the Baltimore anu
Ohio for the officials Of the Pennsyi.
vania Company were toe astute to let
appear on the records. He said
forty per cent. Of the stock was
to dominate the policies of
the Baltimore and Ohio Company tor
It was hardly possible at any o. thu
meetings of the stockholders OF the
company that eighty per cent. Of the
stock was represented. He declared
that the directors Of tine Baltimore and
Ohio railroad who were not eiectcd by
Pennsylvania Railroad Company
held their direetorshlp by sufferance
Of the Pennsylvania Railroad Com.
rany. go
Governor Fleming then discussed