The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-05
NEW RAILWAY SYSTEM
The Louisville and Nashville and the
MOnOn 10 Be Combined.
MORGAN & co. TO FINANCE TIE DEAL
Two Roads May Be Operated by New
Company Under the Mama OF the
New Orleans and Chicago.

chicago, May A new railway svstern
embracing the Chicago, Indianapolis and
Louisville (Monon) and the Loui,.v-.ue aed
Nashville viii, 1t is said. soon be in ope,.
tlon between Chicago and New Orleans IL
was learned today. according TO the Daily
News, that John w Gates and those work
ing with him have secured control of tae
Mononl This was done by buyiag $4,000.
UO03woith of stock in the open market and
by the purchase yesterday from Gene n
sam Thomas Of 100000 additional at T..
giving the Gates syndicate $4,000, 900 OF the
SAoVcOo0 capitIl stock Of the road. The
purchase is made with the idea of gaining
entrance to Chicago for the Louisville AMI
Nashville
new company, which will probabi;
DC called the Chicago and New Oleaus
hallway company, viii operate the two
roads
). T. Morgan & Co, according to tle
4Jaiy News, will finance the deal
The Louisville and Nashville has ab-ut
$50 miles of track south of the ohio liver.
while the Monon has about $50 miles noitn.
Inc new road viii have among lis cnist
points chicago, indianapolis, L1ulsylIn.
NushNHe, Nc mphiS, Birmingham. Auauai.
PENSACOLA and New Orleans. The amount
hecn decfd,'I ''oVA' II Is salu' mas nor yet
lne RECORD Herald tomorrow win say.
IL was stated IN hnancial circles tod v,
rnat John "A t;aies IA "a Vi pV VSi, t",.7'
purchased a three httns interest IN q.
~HlCago' indianapolis and Louisville roa,'
Inc report Is To the enrct that the
Gates people, having control OF born inc
Monon and the Ionlsvtlla a,'J %.n.t ,u
lines would consolidate them and there
uy provide a new through trunk line be
sorts and IEdianapoIis IonisyilIc ainc',.
natl, Nashville, Memphis and Other Santb.
ern cities
MIR. Gates loft hero Yesterday co. v.,,.
York Rnfore pninr, no stntoJ ,h,, 80
was nothing in rho story Of hts "',,,. ~
~ tho - -" ~ Gtol VI Ms pulChaSr
that rho nnrrh,.a , ~ 'nr,eiolV p'oo""'.
Ia liI PuiVu'St was uaue I"I Il. a.
Slul gan 70" as was the purchase OF the
l-ouisNlle ana NashfllIc.
d, nc story 5 not true SAID Mr.. Gates.
! 90 not own dollar Of Monon stock.
and, so far as ! know, none Of my frieuds
own any II Is true that several projects
nre being discussed. which, if brought
about. would give Chicago new trunk
lave been closed.
1t is understood, however. thar " the
sale Of the Monnn has not hccn actually
omploted 1t will he soon after Mr.. Gates
| reaches New York President McDowcu
| of tho Monon * m 70 nov i'm ronerltatio,
| win rcnresnntotivrs Of p Nnrrnn n
| g.; stotrd that / y N,rrnn A. "a will
dnance the JcaI and mi. may moan mar
th ,,,,.i, ,b ,,t,. III ANA IN
III PH,' u ~ ~ tn' i."Gl'Nt. ,S Nv -,
~ ~ .hv ""lvS l'"tne nnn 'uV
| qUeul tuIil"S over VI nc pt"PtiE !" " T.
| uolEhn was an part OF the oL!E 'hal pau
| to INK IT with me Monon, ialS b%ih-
| nc TACT MI Gates Statcment mat ne docs
| rot own a dollar worth OK Monou StocN
| Is easily understood.
The plan of financing Is said 10 he Tor
! he new company which may be- known
I as the Chicago and New orleans Railroad