The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-02-21
THE READING CRISIS
Wall Street Turned Upside
Down Over 1t.
THE COMBINE Old NOT LveAYEAR.


Receivers Gaho charge With Tho stock
D,,,pfrga Tho. .,irst lsIg,,. ,,,,c N,l,,,,
NE" "'''' '"' '"'' p''i'"
thc Central ilaHd ,o Putt og' Tho story
of tHp uay In tue stools I1ouaugo-Tue
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. 49, .. u.r.lt..... a.. n...,...
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receivers l.7.'i'"1' a7 lar a7 th- Ilndhca,
world I- concerned, are gone, auI the
ownership of iUs pBuic-1IoWn, widely
scattered stock Is unknown.
Tne eri.. and fall of one of the uost e,..
f.,...,l ,,,....,t ,t.,,.. ..tI.,.I .,..t.;...
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comparatively "'.-. peIIob OF one ye'f ana
fortnight lJ was just % year ago this
month chat the formation of the great
Readiug-Jer.uy Cuutrul-Lehigh Valley
alliance was pubIipIv announced. To-day
tte .,,,....fd.rt- ,f u,e T.obiyb V,IIe,, ,rd
- w., I,s 15.adil,,, ,.a t,.., ,f
~ W. VI
OHe lo0ol ,''9 VI O"0 ',oNSN Ooi POI aO'".i'
-ne uissoiuOlol Oh Che cohDlhaVloh,
Whlch eliminated yesterday, was Degun
by Ihe uppos''Iou Oh Ule Se" Jersey au-
Jhorltles ana courts IN the formation OF
coal trust
AlJhough MT. McLeod ana ms associ-
ates pooh-poohed Jhat opposition Tor
While, Jhey unally hau 10 give way TO IL,
and complete severence OF the relations
between Vhe heau'nS ana the Jersey Cen
ITal was announced
Inc IacJs relating 10 the Readlngs S IN
curslon into New England, the series OF
brilliant moves whlch apparently placed
the new Foughkeepsle bridge, the Boston
q Maine railroad the New YORK q New
England railroad, and the Connecticut
River railroad IN the hands OF the great
combination are stlll lamlllar events IN
the puDhc NINA.
Inc INVASION OF Jhe territory OF Jhe
Consolidated system has been the direct
cause Of the present ruin Of the Reading
combine.
Inc corporation Is now practlcally
where 1t was year and halt ago.
The scene IN the STOCK Exchange was
one never TO De Forgotten,
Tens and twentles OF thousands shares
OF the stock were thrown upon the mar
ket by demorallzed holders, and the
sellers seemed indifferent as to what they
got for the STOCK as long AS some one else
would pay them something Tor It,
For minutes the tape was given up to
headlns quotations When hoU used Tor
Reading Northern racine quotations
were sent out, Ior Northern Paclhc shared
the panic Win Reading ana broke almost
as badly.
In the stock Exchange the groups
which trade In Reading and Northern
Pacific ad1oin each other. Long before
the opening the brokers began to gather
IN these groups and discuss the situation.
Away over In another part OF the room
was smaller knot OF men
This was the New England crowd, for
IL was understood thaC Cnese 1hree stocks
wou!u, 10 larSe eACent tlonopoIlze Ihe
trading ana Ine eNclUeLheho'
w neh business hnally opeheu one-nall
Oh ths cIo"u ol proheIs in inc TI,, EAchange
was IN IIese Uhree eTo"Gs' Sl w ME walt,
lhs ior tne uloP VI Glo CnaIi .LiaLi saneI
tne DroAerS sVoou aliiloS1 qu'Vering WIN
oAGIOeHIenO' SJ
ne enormous !li shIiiAaSe III NtoB heauInB SO,
r' cuT!DleS' CouPleu WIN Cne InparSlelleu
selIins " Tne sVOTN' s DLousn" aoUuU
Panlcky Ieeiins' NO C9orousn e3Pl1na- ma
ZION Oh one ulLIGulVY az h"u Deen niaue' DuS
every one IeID OlaI one VI Une Greatest OIL
Aherlo4h corPo~IuClons ~ was III uanEer ger
1he olliLious sLlence Oh Uhe PStG ol me
company managers auueu W 'He nlys-
teFy anu lucieaseu Uue panic