The Savannah morning news., 1902-04-13
The conferences in New York.

New York. April 12.-As a result of
several conferences held to-day, there
very general conviction that con-
q tro Of the Louisville and Nashville
road has passed or will pass into the
q cortrol of the Southern Railway.
n representatives of the Louisville and
E Nashville and Southern roads, and a
q member of the Gates faction, were in
Fl consultation early in the day, and
Il later John W. Gates was closeted for
i almost an hour with George w. Per-
4 kins at the office of j P. Morgan &
\ Co. Neither Mr.. Perkins nor Mr..
Gates would say what passed between
them, but it was admitted that the
Louisville and Nashville situation was
discussed in it's several phases.
The most authoritative report dealing
with the recent course of Louisville
and Nashville is substantially as fol-
lows:
Some time ago Southern Railway in
tesests, alarmed at the increasing
strength and prosperity of Louisville
and Nashville, made an offer for a
majority interest. The offer WAS de-
cned so report has it, by foreign hold
ers Of L. and N, who held the balance
Of power.
Went in for "A squeeze"
Recently when L. and N. Increased
Its capital stock by 5000 600 Mr. Gates
and his associates saw an opportunity
TO squeeze" the insiders by buying
louisville in the market and Great
ing scarcity in the stock. To what
extent the Gates faction succeeded is
still matter of conjecture, but it is
A not dOUbtp1 IN
uon to swing a large block of stock
either way.
Conditions seemed ripe for an at
Tempt to gain control of Louisville
ana Nashville, and Southern Railway
interests as represented by Morgan &
Co. authorized the Moore Brothers to
ACQUIRE as much of the stock as pos
sole IN the open market with the I'M
aesanding that this stock would be
taken over by the Southern road.
Banking interests in which the
@oores are especially prominent have
eeen heavy buyers of Louisville and
nashville, and one bank in particular
IS sad to have called a number of
Gans this week so as to accumulate
lle money for its purchases of Louis
,uIe stock. Wall street believes that
soHe sort Of community of interest"
cedi between Rock Island and the
oou'nern Railway will follow the
mango IN Louisville and Nashville
ownership.
May Go to the Rock Island.
Ihe Evening Post discussing the sit
says: WASH --io
g.. AN Indications seem to point to the
.aV5 mat the control of the Louisville
t tla nashville Railway is now so held
1 flpl II can be turned over to the Rock
b tsiand Railway. The matter had not
NV. eu determined at the close of bust
as Today. and facts are as lacking
roo. tneV have been since the excite
b ,,l' IN Louisville and Nashville shares
W9 sT" some days ago. Opinion In
&c a. street is in nebulous condition
br4 VINO now controls the company.
h. there is conviction that control
aT5 passed from the Belmont interests,
fao. mat John w. Gates has been a
'' .,g,, IN its passing.
tio1 mere appears to be good founda-
n eI Ior the opinion that Mr.. Gates
HE now be in position, by throwing
dsoiS Slock one way or the other. to
Cow what interest shall hereafter
NM, ',iol Louisville and Nashville. Not
t aTodt uoubt is felt that the Moore in
stoo,. VIII secure his proxies or the
|'Vck he holds"
Cbocto ing to the Evening Post the
MOI road was purchased for the
Dart e. interests by Speyer & Co., as
tensop 'ne plan for Rock Island ex-