Jay Gould to purchase B & O Telegraph Company

[Trade Journal]

Publication: Electrical World

New York, NY, United States
vol. 10, no. 11, p. 139, col. 1

Transfer of the Baltimore & Ohio Property

The transfer of the huge Baltimore & Ohio property has long been talked of and has come at last. The following official announcement was made on Sept. 8 by Drexel, Morgan & Co.:

"A preliminary contract has been executed to-day between the Baltimore, & Ohio Railroad Company and J. S Morgan & Co., Baring Brothers & Co., and Brown, Shipley & Co., of London, and their allied houses on this side. This contract provides for the negotiation of $5,000,000 Baltimore & Ohio