The Montgomery advertiser., 1902-10-22
YERKES DOWNS MORGAN
CONTEST OVER TUBES" PRIVI-
LEDGES IN LONDON.
The Latter's Company Threatened
With obliteration as Result Of
Move by Speyer Brothers,
Who are Backing Yerkes.

London, Oct. A.-Dramatic develop
ment in the fight for the control of Lon
don's tube railroads occurred today
when it transpired that Speyer Brothers.
who are financing Charles T. Yerkes's
plans, had bought control of a large COM
pany hitherto allied with The Morgan
scheme of transportation, thereby not
only reducing the scope of the Morgan
projected lines by many miles, but ac-
tually threatening 1t with literal oblitera-
ton. The latest move in the Morgan
Yerkes railway war was announced at to-
days session. of the House OF Commons
tubes" committee
Sir Edward Clarke, as counsel for the
London United Electric railways, with
drew the bill providing for the construc-
ton of that part of the road covering the
and Piccadiily, and southwark between
Chaplain and the city. The Morgans
had originally intended to cover these
points as the London United already had
end year ago and Mr.. Morgan's project
had passed through Parliament under the
title Of the London United and Picca-
dilly and City Railroad.
Balfour Browne, who IL counsel for the
joint bills, expressed surprise in behalf
of the Morgan interests at Sir Edward
Clarkes announcement, which lost him
nearly ham the length of the road over
year. and requested time to consult his
principals Amid a sensation the COM
mittee adjourned.
Mr.. Brown then announced that the
Morgans were ready to go on with sucn
road as they had left. namely, between
Piccadilly and the city, and that they
would take the earliest opportunity to IN
troduce a new bill asking for the powers
which they had so unfairly been deprived
of. Counsel representing the Yerkes in
terest demanded that the Piccadilly and
City Railroad also be withdrawn, as it
had no legal status. having been PIE
scented TO Parliament as part of tho Lon
don United scneme. since this morning
was non-existant; in other words, declar-
ing that the Morgans now had no legal
lied tube project at all.
Counsel for the MorganS demanded a
verdict on this principal before the House
of Commons. saying the committee was
not entitled to deal with the new state of
affairs.
The chairman. Sir Lewis McIver, after
a long consultation with the other men,
bers of the committee. said he would have
to confer the House authorities and post
poned his decision until Thursday.
The Associated Press learns that a Gu
rious chapter of misunderstanding led
Up to what Mr.. Yerkes terms his coup.
The promoters of the London United say
that though they were willing to pool
their interests with the Morgan syndicate
they believed they were better htted 10
control the traffic management of an
English line than the American firm.
SIR Clinton Dawkins Ia partner in the
house of ]. 8. Morgan Coz through
whom the negotiations were conducted
| refused to agree to this and the united
officials then demanded control of the
arrangements of their own section OF
the line. which was also denied in a way
it is limited. that people took to be sight
| ing and Sir Clinton went to the United
States 1t is intimated that the promo
ers are indignant at what they consid-
cred to be their i'll treatment and cabled
Mr. Yerkes offering him the road. Mr.
Yerkes thereupon cabled them to go tc
Yerkess return, the Speyers bought ur
the road, thus blocking. the Morgan
scheme.