Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-10-23
YERKES BLOCKS MORGAN.
Secures Part Of Latter's London Tube
Railroad Route.

London, Oct pa dramtaic devel-
opment in the fight for the control of
I.ondon's tube railroads occurred, Tues
dav, when ii TRANSFERRED that Speyer
Bros. who are financing Charles T.
Yerkes' plans. bad bought control of
q large company hitherto allied with
{ he Morgan scheme OF transportation.
thereby not only reducing the scope of
the MorganS projected line by many
miles but actually threatening ii with
legal CELEBRATION.
The latest move in this Morgan
Yerllea rivalry was announced at Tues
DAYS session of the House of Commons
tubes" committee by Sir Edward
Clarke. who as counsel for the London
United Electric Railways, withdrew
tho bill providing for the construction
of the road. which up to this morning
have always been part of the Morgans'
line ard covered the district westward
between Hammersmith and Piccadilly
and southwark between Chaplain and
the city.
The Morgan plan had originally in
tended to cover these points. but as the
London United already had certain
powers from the amalgamation effect
mad passed through Parliament under
til, title of The London United and Pic
cad:lly and City Railroad, Balfour
Browne who is counsel for the joint
biilr. expressed surprise in behalf of
the Morgan interests at Sir Edward
Clarke's announcement, which left him
scarcely half the length of the road
over which he had been arguing for
nearly Il year. and requested time I"
consult his principals.
Amid II sensation the COMMITTEES adj
iourneI. Mr. Browne then announced
th;t the Morgans We're ready to go on
vita such road rs they had left, name
" between Piccadilly and the city, and
thai they would take the earliest or
Do. unity to introduce new bill ask
ing FOR the powers which they had so
uue xpectedly been deprived or.
Counsel representing the Yerkes in
tercst demanded that the Piccadiily
and City Road also be withdrawn. as
it had now no legal status. having been
presented to Parliament as part of the
London United Scheme, which since
this morning was nonresident.
Counsel for the Morgans demanded
n verdict on this point from the Whole
House. saying the committee was not
entitled to deal with the new state or
affairs.
The chairman, Sir Lewis Mcives.
after long consultation with the other
meI7,bers of the committee, said he
weld have to report the circumstance
~ he House authorities and post
pcrnd his decision until Thursday
The Associated Press learns that "a
curlous chapter of Observation-Disclosures
Iad nm to what Mr.. Yerkes terms ms
.co,p." The promoters of the London
limited say that though they are Will
nis f., nool their interests with the
No~eans they believed they We're better
Gtfed TO control the traffic manage
,nc;tt Of an English line than the
American firm. Sir Clinton Dawkins
| IA oartner in the house OF j. ;. NOR
! gan & CoD. through whom the neso-
tiatiors we're conducted, refused 10
agree to this and the United oiiiclais
tine, demanded control of the arrange
,ents Of their own section of the line.
! which was also denied in n way. IL Is
bi,,4ed. that people took 10 be sight-
/ inc and Sir Clinton went TO the Unit
! ad states. 1t Is :iitiIaated that the
n,,op,oters were indignant at what they
/ cnt sidared TO be their i'll treatment ana
cabled TO Mr. Yerkes Offering him the
,.o,a Mr.. Yerkes tiiereupon cabled
i the7,, IN 90 to the Speyers and shortly
ofter Mr. Yerkes' return the Speyers
bought UP the road, thus blocking the
No-gans' scheme.