"In the Fall of 1851, the Board found themselves, almost without
warning, in the midst of a financial crisis, with a family of more
than 5,000 laborers and 1,200 horses to be provided for, while their
treasury was rapidly growing weaker. The commercial existence of the
city of Baltimore depended on the prompt and successful prosecution of
the unfinished road."
In October, 1852, it was found that there had been expended for
construction west of Cumberland, $7,217,732.51. But the road was going
ahead once more. Its Board had dug deep into their pockets and the
commercial crisis that hovered over Baltimore was passed. Two years later
the road entered Wheeling, and its corporate title was no longer a
misnomer.
A little later, a more direct line was built to Parkersburg, West
Virginia, and direct connection entered with the Ohio & Mississippi
Railroad, which reached St. Louis. The railroad was beginning to feel its
way out across the land.
War between North and South had been declared before the long delayed
extension to Pittsburgh was finished. In that time a real master-hand had
come to the Baltimore & Ohio. In its early days the names of Philip E.
Thomas, Peter Cooper, Ross Winans, and B. H. Latrobe were indissolubly
linked with this pioneer railroad; in its second era John W. Garrett gave
brilliancy to its administration. Even before, as well as throughout the
four trying years of the war, when the road's tracks were being repeatedly
torn up and its bridges burned, Mr. Garrett was laying down his masterly
policy of expansion. It was a discouraging beginning that confronted him.
The two expensive extensions to the Ohio River had been a severe drain on
the company's treasury, traffic was at low ebb, the great financial panic
of 1857 had been hard to surmount.
But Mr. Garrett was one of the first of American railroaders to see that a
trunk-line should start at the seaboard and end at Chicago or the
Mississippi. He pushed his line to Pittsburgh, to Cleveland, to Sandusky,
to Chicago. It began to reach new and growing traffic centres. The
Baltimore & Ohio entered upon an era of magnificent prosperity.
The first cloud upon that era came in the early seventies, when its
powerful rival, the Pennsylvania, secured control of the Philadelphia,
Wilmington & Baltimore, the B. & O.'s connecting link on its immensely
profitable through route from New York to Washington. Pennsylvania
interests tunnelled for long miles through the rocky foundations of
Baltimore, purchased an independent line to Washington--the Baltimore &
Potomac--and the B. & O. found itself deprived of its best congested
traffic district. For eleven years it was unable to retaliate, though not
a soul believed the Baltimore & Ohio to be other than a splendid,
conservative property. It owned its own sleeping-car company, its own
express company, its own telegraph company. The name of Garrett was behind
it. Logan G. McPherson says:
Public-domain text, read in full here on John Shaqi.
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