The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1902-07-30
eolsT LINE 10 ABSORB The |. Z \.
me Report is Believed in Finan-
ciaI Circles in Baltimore.
Reasons Why Such a Deal is Probable
Would give the Coast Line Totai
Mileage Of 8, 400.
RaItimore Sun says: J:

anrdav,s Baltimore Sun says:
me BIO advance in the price OF
s4be q tlanfic Coast Line Railroad Com:
nany,s common stock has stirred up
sFl,a ranort shat the company IS nego-
f;;sssSi;n0 orthe absorption of the Louis
= he and Nashville Railroad, walcn IS
now controlled By ]. PSerponJ Morgan
Co, Of New York. On Fr1day of
last week the common STOCK soiosoI OF
sae gtinaore Stock Exchange as S 1o5,
Z yesterday sales were made at loS.
Within FEW months It has risen Irom
slsse report that the Coast Line
gs,osnnany EiE get the louisville and
I sashyiille was freely discussed In
nancial circles here yesterday ana
the general Impression pFeFalled 5naG
H IS we'll founded.
ssT think M Morgan has already,
prsctieally turned the road over TO the.
fsnast Line. said a member OF one OF
the leading banking firms.
Henry Walters and Mr..
ziehaeI jenkins, who cen5Toi sne
affairs of the Coast Line, are out or
TIE ci Mr.. Walters IS thought TO
Be ID New York and would likely con
ducs the negotiations with Mt. Nor. or,
ran 81 his representa5iVe T. 5en-s
gsiigs left altimore THURSDAY with has
5 ffaTr,iiIv FOR White mountains, where ne.
ayneefs To remain until September
tTr Walters is Yice-president OF the
goass Lire Railroad Company and.
nresidens Of the parent company. Mr..
I aT,iri;,,s7 So director Of the former.
and gica-presidsnt Of the latter. MI
Waldo Newcomer, another Coast Line
5ffSscial. IT no north on his vacation.
ThaS the Atlantic Coast Line may
buy the louisville and Nasnvlile IS.
considered quite possible by leaaang
nanciers Of the city. Ihe two roads
do not parallel anywhere and baEe
playsical connection at Augusta, ga,
through she Georgia railroad, which
rms from Atlanta to Augusta and
which IS leased iointly By them: q:
Sach deai 1t is said, would elm
mate that hostility IN Tennessee and
Kentuc which has been aroused by
lie ruusor that the Louisville and
Nashville Will be merged with the
Southern railawy. These roads paratiei
ard are competitors 20 both states,
and, following the report Governor
Mcmillan Of Tennessee has threatened
to call special session OF the legisla-s
sure to pass a law that would prevent;
a merger. Is is not believed Eere fhat;
Morgan eyer contemplated aeon
solidabicn Of the two roads: 1t Is
thought however that when he pur-
chased the Louisville and Nashville he.
had Ii view its transfer to the Coast
Line.
Nessrs. Morgan & Go. manage the
Son5hern Railway and have been
Working IN complete harmony with the
Coast Line. When the latter absorbed
the Plant system. it gave the Southern
yaluabls trackage prlVileges. Thea
purchase and division Of the Cape
Gear and Yadkin VALLEY railroad by
the Coast Line ard Southern and
Messrs. Morgan & Cos acquisition OF
the Charleston and Western Carolina
raj lroad and It's subsee uent delivery TO
5he Coast Line are cited as the best
evidence Of the most friendly relations
between the two interests, The ab-s
sorption Of the Louisville and Nash
vile would give the Coast Line con
fraI Of the railroad situation IN the
south east Of the Mississippi river.
The system would be operated In such
harmony with the Southern Railway
is IS said that it would practically be
equivalent tosa merger.
The outstanding stock OF the Louis
vile and Nashville amounts TO $50, :
COG, 200. and if TIE plan Of Morgan d:
~ - ~ 81 "a :. e-1,< - f>r ic on rrfo al