New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-06
RAILROAD INTERESTS.
CONTROL OF LACKAWANNA AND WESTERN
PooR's MANUAL SAYS IT Is IL THE HANDS or
TIE PHILADELPHIA AND READING.


| TIE PHILADELPHIA AND READIN1'
Attention was called Yesterday in Wall street to
| 4 somewhat remarkable statement which appen's WI
page 0Oa Of Poor's Manual for 1892 In sprahihs
| of the Reading system the Manual" says: n Gun,
trolling interest In tie Deawarr Lackawanhh anu
Western Company was also acquired in February l7'-
| by parties the interest Of the Philadelphia anu
Reading
Previous to the completion OF the Reading combina'
ton rumors were plentiful that the Lacknwanna was
to be included In that system. officials Of tlmt roau
always willing to express the most friendly ieen2
toward the Reading and its anci roads, but Stich"
| ously denied that lease, combination or even
| close traffic alliance contemplated Runor ueh
| had It that the Iackawanna was TO unite win ue
| Delaware and Hudson and the Vanderbilt Interests
| against the Reading system. The attitude OF the
iackawanna was NJ last defined when, on February
o. last, It's annual election, J. Rogers Maxwell ana
George T. Baker entered the Board Of Managers
This action was looked only an indlcauoh
that Tho Reading and the Lackawanna were 10 NC
under sympathetic Management, but 1t WIS not cur
srucd to mean that the Reading or the jersey Oeh'ii
had possession either virtual or actual. Of the LAc1'-
wanna road. The paragraph In "Poors Manual, re-
ferrcd TO- Is the first iutmatiOn Of such CONDITION Oh
affairs.
President sloan. Of the Incknwanna, was not 10
town yesterday The treasurer, Frederick ii. 0ibbehs'
who has charge OF stock and traTsfer books sala
- would prefer mol to speak on this point ~ -
peculiarly matter which should DO referred 70 fTcsl
dent sloan In his absence statement might be mad'
by our second vlce-pIcsdent. Mr. IIoldes7
Mr. Ho,den's ONCE IL the fifth floor Of tho ~"
Lackawanna building, a; W.lliam<E and Exchange
Place lie ont Of town. but his son, who Is all
cmploye OF the company. said that h" thought Treas
G.bbe0s would be the proper officer 10 SEQ for ihc
desired Information Young Mr. Holden eXpres>'N
surprise at the paragraph quoted from "I"or'S Man
Ual." and said, unoNicialy: That Is not fact
This statement, said TO have been made by large
stakeholder I'm Lackawanna. giveU ont last even
Ing such gross Misrepresentation Of facts must
have hidden meaning. and willie our relations
are extremely friendly with the other coalcaryins
companies. the management of the Iackawanna prop
crty Is tlil retained I'm the old bands. II IS undoubt
eddy premature say the least to anticipate change
that cannot possibly take place, even II II can be- con
summatod by further purchases In tho open market
from the present owncrS until the next annual cleo
ton in February. 1SP3."
The Reading system already includes the Lchigh
Valley, leased the Philadelphia and Reading for 800
years tho Central of NewIcrscy leased nomnally 10
the Fort Reading Railroad for the pcrioi, and the
IOuGhkCcp,c bridge Company
The officers Of the Laclawanna are: President
Samuel Sloan; president, Percy Il. iync: second
vico pre- -dcnt. f. L. Hodtn: third vice silent
Ham :. loan; treasurer. Frederick II. Gibbens'
". W. A,tor. Wilson =; hunt Eugene Higgins Ben
janln 9. Clarke Hcnry 4. e. Taylor. J. Rogers Max
we'll George + Baker. F.. :. AlchinclOss, A. II.
Nc Nntcck, william Rockefeller and W. II. Appleton.