, 1879-04-10

LOUISVILLE, KY, April Q.-TIic truth Of tho
rlln,ors which linye prevailed 10. somo time
rr!atfro to tic acquisition Of Tho Tcnucssee
Division Of tlie St. 1outs Il Southeastern Rail-
road by tic Louisville s. Nashville Railroad was
today confirmed. TblB coup IL etat Of tllc
Louisville IL Nashville promises great scnsa-
tion In Louisville. III IN interview to-day, Vice
President Nowcumb says: Tic sato took place
ut noon Mt tho Federal court ut Nashville, When
1t YRS discovered that tho Louisville d Naah-
vile had absolute control atiil possession Of Tho
securities of tho Tennessee division Ut
the southeastern untlos Il sccrot contract effect
I'd with The Stockholders during afr. Nowcomb's
recent visit to New York, for It's numerical
eastern, which extends from Guthrie to Nash-
yillc. Is perhaps thu most important Iinc OH tho
continent. 1t is THO key to tho commerce of tho
Ohio Valley, Mnl Its possession by the most
gives tllc Louisville tS Nashville absolute lp-
nltnlon over thu territory covered by Its own
ind connecting lines. The sngaeIty displayed
BY tile 1.ousvIlIe l. Nashville In getting posses
sion OF Tie linz Is universally cnnegded. III ref
creticc 10 tile policy tllu l.. E N. will pursuu
towards rival MD competitive l!ucs, Wco.Prcsi-
dent Neweunb, III thu interview alluded to,
said: We .,nre sought to control this lllpor-
tant linc IN tl.u Interest of our atockhUlders, md
vl'le against unjust discrlsninutlons. We de-
sftu pcacu alld harmony with our 1lefghbors.
The cla.nor raised ly Evansville, st. Luuts, and
otl!er clstcs Is causelcss and without reason;
equally so 10 the perturbation Displayed by
sonlc OF uus GOOD railway frIenls. 1t al!all bo
our ear,lcst cnlcay0r to llarMunIzc NIL coll lct-
illI Interests, to rgBdcr equal md exact
justlro to OIL. Wo shall seek ths
maintenance Of Just u1u equitable
thrills, aIHl lctnaHa notstngfor Louisville othcr
than tint which her geographical position Gil.
titles her to clnI. Evansville Alll o,lser cities
will lind their trade benefited by tho iMcreasou
facilities We shall 6a Ghalied to extcn1 tle,l1.
W. want ali tllu busursA Evansville, Ut. Louis.
l1!l ottler points cau glvu III, u.ld by Increasing
atltl developing their trade, VIC lRcroase our own
business nld ruvenue.h
OF low rates Atr. N. sa!d: "Low rates, which
brcak down uuu bankrupt common carriers, do
MpE bene!!t anY OIle u! nre mt tlustccu by tlla
public. llnyiliE acquired thu rual r. III 0utllris
facilities to commerce nn,l trAdu reached by Uur
road pronur at,l its ron.,ect!ons."
Mr.. Nuweo1nb II vury rGtlecnt concerning tho
rlttnor thut thu LUulsylllu &; Nashville liaA got
roniru OF tho Montgomery IL l:ufaula Railroad.
llu auys II is premature for him to discuss this
question, but It ts pretty wGIl-asccrln!ned fact
tllat Whtu In New York lust week llo perfected
contract with tic boulAudprs hy which they
will buy this r0nl ut the foreclosure sale Mny
], l.Hl pass 1t over tu tho cahtE0l Ut tsu Louis
vile 81 Nashville. Thu increased busit,vss thus
acquired will atla enurtnously to tic power u
the Louisville Il Nashville, nnd relieves any
fears II, ~ alr. Ncwc0llb snys, Louisville over
Ilad any, from the completion 0t lllu ClncllRatl
Southern. The price laI4 for 1l.u Southeastern
BEancA bought to-day wAa Si25, ,Q1o.