, 1880-01-20
Marked Fat1ing.Off in the East
Bound Traffic.
Tho Southwestern Association to
Moot To-NIOrrow.
Jay Gould's Syndicate Suspected Of
Backing tho Louisville Com.
bination.
How Nearly the Louisville & Nashville
Coup d'Etat Canc to Failure.

iofeaceH contingency, nllu ttsnhtcr WIS Only
avoided ny the-Inos prOlnnt measures. It mp
pears that. under tho ehurtcr authorizing ccr-
tatn division of the Nashville e. Chustarsoogs.
Railway, tho consent If twn.thiris of tho stock-
hol'lers is 1nHde necessary to nifty any nlcas-
tires. This tpCcsAl c]Muse wna unknown to tho
| Louisville & Nashville people. who. lMving OBJ
tnEhcd possession of minority If tho stock of
the rival rnad. thought themselves secure. and
permitted tho story ur their purchase
to be i1!ntlc puh1c. Wheit tho ncwH reached
Col Cole. tho President Of tho Nashville s.
Chnttnnooga who had mot been consu1tcd, and
whom tho no" deal would deprive Of ntlIco aud
authority, he nt 0nce saw his opportunity. and,
hastcn!ng tn Chattanooga, tclegraphcd tn Il pnol
Ut seven Will street brokers, which he knew
hnd formed fcw dnys txo, and purchased
8d,00o shnrcs of tho Conpany's stock, par value
ri, at no to ~ per cent, tho suppusttIon that
tho contemplated tEcnf would ndvnncc tho prico
still further. He briefly disclosed tho
sttuation, anil asked them to bold on
to tho stock Mt nll haznr1s, md every
thing would to we'll Meantime, however, tho
stock bcgan to decline rapidly to tho grcat dis
tnay Ut tho pool, on disclosure Of whit fnd been
accomplished. Cul. Coles Information was Il
go1scs,l to them, for It showed then, how they
might extricRte themselves, not only wfthnnt
loss but at n profit They went at nnco to tho
Loil!syllle & Nashville representatives, Offering
to cell tho stock in thotr possession ut D5. Tcle-
grstslis wero hastily dispatched South, md nn
asiswcr received confirming Col. Colea stAte-
ments Tho Louisville e. &Nnshytllc people needed
I 40,000 shNrcs to 8lve them twn-thlrds Of
tho capttal outstanding, mud thcro
was mono nthor for salc except
that held in tho hands of their enemies, tho sup
rortcrs Of Col. Colo. They offered tho pool their
own terms for tho requisite number of shares.
Tho offer was refused: I'm answer was returned
that it Unjust be NIL or nothing" This tho
Louisville & Nashville people would not ugrce
10, and mnt1c IN attempt tn frigl,ten tho pool hy
going Into tho market and vigorously hammer
Ing tho stock down, They succeeded In forcing
II to 10, ind 1nunuKed tn securu
5000 shares ut 81. but o'clock
curuc, md thoy wero fully Fl, ,Ooo shares SHIRT.
III this dlicmA they wcro fnrcctl to reopen
negotiations with the pool. md meeting WAS mr.
ranged for o'clock this evening, when tho en-
tire 10 600 Rhnrcs wcro transferred to tho Louis
vi1!o & Nnahyillo Interest Mt n per cent giving
thom .5.0o0 slinrcs lnore than tho requisite tw0-
thirds and placing tho success Of tho com'n,-
tton toyonl Ieruslvcnt1lrc. Col. Colo continued
to pour telcyrnlns into tho Offices of tho pool
brokers all day, ndytsng thom to atard firm.
Ills last dispatch received nftcr p. I., rcntfs:
"Hold tho fort. huve tho key to tho sltun-
tion.' LouFsvil1e T. Nashville stock, nftcr open-
ing at LII yesterday, advanced to III, aad subsc-
quently fell 10 l10h.
Special Dtspdteh to The CAieapo Tribune,
NASHVILLE. Tclhl. jan. 1D.-Tho purchase Of
II controlling interest In tho Nashville, Chutta-
noosn j. Ut. Louis Kallroad by tho Louisville,
Nashville s. Grcnt Southern Itntlroad Company
continues tn 10 tho principal top!u uf ctnlvcrsa-
tion here. The subject is being discussed III all
ltd bearings by NIL clllsscs. 4 lnrge majority Of
merchants interviewed to-tlny expressed them
selves as bitterly opposed to the trnnsfcr, be-
flowing TINT the determinations which hnyo
nlways been made BY tho Louisville 1oaI
aHait'st ,! III Nashville md in favor ot LOUIS.
as e enemy eaaf an" ire a asposea to s ss e sSe
sko of pocy. Ths tcoiing asaI',st vcraan m X X.
trayea cql saoe. grows moro ,ntensS duly, anA
Tor Tor m NJ exisn'ed perod p ill., iii eenes e f Is 4ee
ch ~ a. nS So ws ss "tStne M
Of tho Nashville ChattArtnaa y kt I:onIs Hull
sn fh@aa } g. es ss sast IT navs qfea Col Gos
believed Colo will combine with tho Cincinnati
EouthcrI, Hallway. aa ho, in connection with
icase of the Western / Atlantic IGliway. wbch,
connected hy the CINCINNATI Southern, Will Kiyo
io fn cnsina' ,bd 70 III,
work Independent of tho Louisville. Nashville i
confidence it, his ahIIlty ansI beiievo ho viii yet
e tFtaPlT,intu o%K te aHrr,1ge.nemts
ss eas 'sSSSa sil &c %sse SsM Xe.s
GSnc, 1f 'anr Ax5"t ct nos ths Louis @
;;a,!siao,ory e 1 hl:', MSj: =, losshs5st
favss ss ce9s f hs s 1si asos hs sy e u e
'is; to i"i'isvo "a and ts % ItS oaa s
lie lie It'll i,a"re ohia. Jay d"', 81 Within il.
Vanderbilt. Such u tr1nsfor would meet with
Hss.y ssyyp pSss%.S p% s sSs ss nc osa sss tse
{ ii, 1!!,sy ma1joS,ty oi TIC, stoek wa. a,S; t,xnsd
ments u 'ssS ass hore wl bs sns good osss" sfos"
Sa Sw hr es r. II Ssr st. : n &C. fst
ID N"w 5 Y55rk. H. ono "f .6o vice. i'fcslens &c.
q thc Can.f,any il .loi.o thero. TEese Nsw York
stackhol,!0fH havo bought tho stuck ~ an Invest
ys osst ssa EaR oH M s Sy
on ttelr stock from building up ioutsyIIle'H
coineH tho moro business It Will furnish tho road,
hut the sa'no is equally truo Ct Nashville. Hs
% So Hs Il ss st. III ios ay {"
preserved 1iat M It iy. from Col. Colo
aoxn, ,|s provided, 81! IN; afa willing 70 r.
VII! enablo tho consolidation to shlp everything
iy TIE shortest rs,nte th9t either ~ r5a4 can offer
Fftl4nt run MOullG Will INT Ko lHD miles 0nt Ql
its why by Atlanta, nor freight by Chmrlcston 60
tho snnln distance nut OF Its way by 1fontRunl-
cry, Froights frnm 1t. Louis will nut Gnlno
around by Lnn!kvillo. but will como by t!Iek-
man Or Evansv!Ilu, ~ shippers prefer: FEpXhta
inst0ad OF Et,in8 Mrt,und try Hickman.
IL III fPtstsrA Assoetak4 PFeas.
AUOu6TA, Gu, Jun. l1.-Tha fA!lIlrG OF the
Nashville & Chattanooga lsuElr1Ad Dlrect0rs To
confirm tho contract nll!d0 with tho Central
Katlroud directors caused decline In the at0ek
Ut tho lAttor fr0n " to ~.
Col. Il. W. CnIp, President Of tho Nashyt1lo j.
ChnttanUuRa ltNni contracted OH tho pnrt 0f his
gkllpp,try tI EMy tho Central HatlnAtd stockhold-
erS u prr CENT per 4nnuth for tho first seven
years. and afterwards I per cont In pGrpptulty.
CUI Coles i}uarl ut nIrcotors not nnly fn!IUtl 10
rt,ntir1n hIB gontrnct, but soil out tho e,irOl-
tlug interest in thoir rual to tho Louisville j.
Nashville llairoAd. This ~ tho news recalvCs!
hur. It causes great excitement III ratlroad
CIrc06+
NEW Yonx, Jan. ig.-Tho purchase Of tho ma
tority Of the stock IL tho Nashville. Ch4ttatlooK4
u. Louis llAtlrpad CninpAny by tho Loniavlllo
Nashville 10 Hallway Co1tlpany WIZ the topic Df
conversation Ia Wal strat. Tho traiisfcr u tho
shAroa will tAka place to- morrow Ut u O'clock at
the ol1loe OF tho l.oAsYIl!1 Il Nashville Hallway
Company, aud then the contract ut tho
purchased r0Ad viii viFt,.a!ly to vested IL that
Company. 1t u mt, huweycr, !ntendnl t1
chA1ig0 ibo organization VI tho Nashville, Chat.
fnn ftJJIx III N1,ff xst