The times. [volume] (Richmond, Va.) 1890-1903, 1902-04-13
no One Seems 10 Know Juts
Who Has Bought the Road.
JOHN W. CAFES IN The DEAL
He Refuses to Talk and Every 0mcial
Processes lgnorance-The Atlantic s.
Coast Line and Plant System
May Go Under Southern.
Too-community Of
Interests !.
fBy Associated pre,,.,

y
NEW YORK, April. 12.-As . result -
a very general conviction that control toas
the Louisville and Nashville road. has
passed or will pass to the Southern Ra1i-
way.
Representatives OF tho Louisville ana
Nashville and Southern roads, aud =
member OF a Gates raction were in COM
sultation carly In tho day and later John.
w. Gates was closeted for almost an hour
with George w. Perkins at the Office OF
]. p Morgan and Company. Neither AIR.
Perkins nor MIR. Gates would say what
passed between them. but it was admittea
that the Louisville and Nashville situauon
was discussed in its several phases.
The most authoritative report dealing
with the recent course OF Louisville and
Nashville is substantially as follows:
Some time ago Southern Railway inter-,
ests,. alarmed at the increasing strength,
and prosperity Of Louisville and Nashville,
made an offer for majority interest
The offer was declined, so report has it,
by foreign holders OF Louisville and Nash-
vile, who held the balance OF power,
] Recently when Louisville and Nashville
increased its capital stock by 5000 900, alr.
Gates and his associates saw an oppor-
tunitv to squeeze. the insiders by buy
ing Louisville in the market and creating
q scarcity in the stock To what extent
the Gates faction succeeded Is sttff i ma Z.
ter of conjecture. but it is not doubted
that they were in a position to swing q
large block of stock either-vdy.
CONDITIONS RIPE.
Conditions seemed ripe for AH-attennps
VILE. and Southern Railway siriterestS.9aN az;
represented by Morgan & Company, aus
thorized the Moore Brothers to acquire
as much of the stock as possible in the.
open market. with the understanding that
this stock would be taken over by the
Southern road. 49,
Banking interests, in which the Aoores
are especially prominent, have been heavy,
buyers of Louisville and Nashville. and
one bank in particular Is said to have
called a. number of loans this week so as
to accumulate the money for its pur-'
chases Of Louisville stock
Wall Street believes that some sort oe
Rock Island and tt-- Southern RailwaS
will follow the change in Louisville.
and Nashville ownership
FACTS LACKING.
The Evening POST discussing. the sit.
uatlon In Louisville and Nashville, says.
:iAll Indications seem to- point to tbs
fact that the control of the Louisv1lIe
that it can be turned over to the Rock
Island Railway. The matter had not
been determined at the close OF business
to-day and facts are as lacking as they
have been since the excitement in Louis:
Vile and Nashville shares began some
days ago. Opinion in Wall street;s In
a nebulous condition as to who now con-
trolls the company. but there is conv1c-
on that conti'l has passei from the Eel
mont interests an1 that John W. Gates
has been a factor in it's passing
There appears to be good foundation
for the opinion that AR. Gates may now
be in a position, by throwing his stock
one way or the other. to decide what
interest shall hereafter troll LouisyilIs
and Nashville. Not mitch doubt is trett
that the Moore interests will secure his
proxies CT the stock he holds.
According to the Evening Post this
Choctow road was purchased FOR the
Moore interests by Speyer and Company
as part OF the plan Tor Rock Island eS-
tension.