The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-04-08
rbo Pesqlt Of Several Conference That
We're Held in That City
Yesterday.
8IT TWO LINES IN THE SOUTHEAST
c.rb Would be the Result of This Deal. Be-
Isygd in Atlanta That the Southern
VIII absorb the Plant and
A. {. l.. Systems.
t3v the Associated Press.)

NV York, April 12.-As a result Of
several conferences held today there is
,4rz. general conviction that control
s the Louisville and Nashville Road
e.. PASSED or Will pass to the Southern
Railway.
representatives Of the Louisville and
N.-hriIe and Southern roads and a
member of the Gates faction were in con-
s|Itltloa early in the day and later
Holm ". Gates was closeted for almost
an hour with George w. Perkins at the
Office of J. 2. Morgan and Company.
Neither Mr.. Perkins nor Mr.. Gates
would say what passed between them,
but ii Was admitted that the Louisville
situation was discussed i. its several
phases
The most authoritative report dealing
with the recent course of the Louisville
and Nashville is substantially as fol-
lows.
Sometime g Southern Dailway in
rl~aetr. alarmed at the increasing
strength and prosperity of Louisville
uLl NASH me lildle an oiltI " q iud-
tartv interest. The offer was declined
ly foreign holders OF Louisville and
Nashville, who held the balance of pow
"Eecently when Louisville and Nash
Vile increased its capital stock by S.
WuH93 Mr.. Gates and his associates saw
an opportunity to squeeze the Insiders
by 0uving Louisville in the market and
creating a scare in the stock. To what
extent the aGtes faction succeeded is
still a matter of conjecture, but it is not
doubted that they We're in a posilcn to
sWiu@ a large block of stock either way.
'ICGditiOns seemed ripe for an at
Tempt TO gain control of Louisville and
Nashville. and the Southern Railway in
rert-ts, as represented by Morgan and
Company. authorized the Moore Broth
e-s TO acquire as much of the stock as
possible in the open market, with the
understanding that this stock would D6
taken ever by the Southern road.
banking interests in which the Moores
are especially prominent, have beer
heavy buyers of Louisville and Nash
Willie. ana one bank in particular, is said
to have called a number of loans this
week so IS to accumulate the money fol-
its purchase of Louisville stock. Wal.
Street believes that some sort of a com
muuiJv Of interest deal between Rocl
Island and the Southern Railway viii.
follow the cl'ange in Louisville and
Nashville ownership
The Evening Post discussing the situa.
ton i'm Louisville and Nashville, says:
"All Indications seem to point to the
TACT that the control of the Louisville
anil Nashville Railway is now so held
t.a- IL can be turned over to the Rocl
Island Railway. The matter had no
been determined at the close of bushes:
.o.aE and facts are as lacking as they
nav" been since the excitement in Louis.
"A" and Nashville shares began some
days ago. Opinion in Wall Street is il
a l.auIOus condition as to who now con
Trolls the company, but there is convic
,'u That control has passed from tn,
Belmont interests. and that John w
"-'"s has been a factor in its passing
mere appears to be good foundation
"E the opinion that Mr.. Gates may nov
DEE In q position, by throwing his stool
'-' way or the other, to decide what in
.-'7t snail hereafter control Louis
't- and Nashville. Not much doubt i
. mat the Moore interests will Sc
0..e ms proxies, or the stock he holds.
.tfdlng to the Evening Post tn,
.a..aW road was purchased for tn,
Moore interests by Speyer & Company a
.a'' ot the plan for Rock Island ex
tens ON.