The times. [volume] (Richmond, Va.) 1890-1903, 1902-11-12
railroads REPLY
TO ]. merger \ 4: R|' CHARGE il ! |! !!
.outhern, A. c. |. and I. 8 N.
Answer Kentucky Comp ANT.
COMMISSIONS JURISDICTION
COMMISSIONS JURISDICTION
=. c. L Reply Contains Interesting Par
,iculars in r. & .rd TO tbs Absorption
OF = & N.-Morgan is 6ng'-
neer'ns the Deal.

.fBy Associated Press.l

" WASflINGIU.> .>..s,i.efs lL-Sev~ral
more Of the railroads which were made
defendants III the &otnp,tl. -
Kentucky Railroad Commission. charE-
ing merger OF interests which threa tened
to place the entire Southern territory
under the domination OF single nfm.
filed their answers with the Interstate
Commerce Commission to-day. The dn-
swers in the main, like those OF the I'LL
nos Central and Texas Pacific filed yes
terday. deny the allegations.
& The Louisville and Nashville Railroad,
however, goes further. and It's answer
styles the complaint mere fishing oiii.
and disputes the Jurisdiction Of the IN
terstate Commerce Commission over such
fact. The Louisville and Noshsilie's an
swer says the commission has no right
nor title to nstitu1 or prosecute the
complaint: has no Jurisdiction to require
the fling Of copies OF contracts or ar
engagements with other common carriers
except such as relate to the traffic al
fected by the interstate commerce act,
which. the railroad says. does not Apply
to the contracts. arrangements, etc. re-
ferred to In the complaint: nor 1urisdic-
ton to inquire into personal transactions
OF individual stockholders. nor to ascer-
tain whether any particular individual or
firm has acquired majority or any
other proportion of the capital stock or
railroad. The answer denies that j.
P. Morgan and Company have acquired
control OF majority Of the Louisville
and Nashville stock, and says the COM
mission has no jurisdiction to inquire
into the motives of or objects Of any
one selling or purchasing shares, nor
whether the stock OF the Louisville and
Nashville is con trolled by voting trust
with Morgan and Company at Its head
The Atlantic Coast Line Railroad ad
NIT. contracting with the Morgan Com
.pany to purchase by December 3lst next.
and that the Morgan Company has con-
trected to deliver to the Atlantic Coast
Line by that date 306fn0 shares OF the
capital stock OF the Louisville and Nash
vile for s7o.Gt,.nN0. and that the Louis
vile and Nashville has assented thereto.
The Southern Railway Company the
Southern Railway Company In Kentucky
and the Southern Railway Company OF
Indiana. IN Joint answer. deny that the
two last named line. are under the
management" OF the Southern They
admit that about June a. 1900 Morgan
and Company and the Southern Railway
made an agreement with practically all
OF the holders OF bonds secured on prop
critics then belonging to Louisville. Evans
vile and the St Louis Consolidated Rail-
road Company. whereby II was proposed
to reorga nize that road to vest Its con-
troll in the Southern This plan was ex-
5plained by foreclosure sale. II Is also
admitted that In pursuance OF an agree
ment the Southern Jointly with the Louis
VILE and Nashville has acquired 1888
shares OF the capital stock of the Chi.
caeo. Indianapolis and Louisville Rail
road Company.
The Cincinnati. New Orleans and Texas
Pacific not only denies the Jurisdiction
Of the commission but submits that there
's no law Of the United States or of the
States mentioned IN the COMPLAINT which
forafds the same person or firm to hold
stock In two or more railways"