Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-04-16
SILENT AS TO DEAL
Neither Gates Nor Belmont
Disposed to Talk.
CONFERENCES TODAY
STATEMENTS By ONE OF THE
MORGAN FIRM.
To Effect That Louisville and Nash
vile is Now One Of Their
Properties.
TODAY

NEW YORK, April 16-Further progress
was reported today in the settlement of
the Louisville and Nashville matter George
W. Perkins of j. P. Morgan & Co. and
John W. Gates, who claims control of
Louisville and Nashville. were in confer
ence during the morning at the Morgan
banking house
1t is assumed that the lines of the agree
ment between the Gates and Belmont rar-
ties were discussed. but OF this and all
matters dealing with the situation Messrs
Perkins and Gates were silent
Samuel Spencer, who said yesterday that
the Southern railway, of which he is the
executive head, had no interest in Louis
Vile and Nashville, also called to see Mr..
Perkins He had nothing to add to his
statement of yesterday.
A semi-official statement, credited to q
member of j. p. Morgan & Co., to the eff
feet that Louisville and Nashville is now
a Morgan road, and that its policy will be
dictated by Mr.. Morgan was discredited
by one of the latter's partners this morn
ing.
Position Of j. P. Morgan & Co.
Morgan & Co. will act as trustees CT
the Louisville and Nashville road" said
this partner. THAT Is :.l we have been
asked to do and we do not propose to so
outside our province. We are to be the
stewards of the property and will manage
it for the best interests of the stockhold-
ers"
The regular monthly meeting of the
Louisville and Nashville directors is sched-
uled for tomorrow in this city, 1t is alto
gether unlikely, however, that the meeting
will be held, as the directors are scattered
all over the country, and it will be almost
Impossible to gather quorum.
August Belmont had nothing to add today
to his brief statement of la NIGHT NAV
be stated, however, that the Belmont in
terests do not admit having lost control of
the Louisville and Nashville Mr.. Belmont
declines absolutely to discuss this point and
has nothing to say regarding the statement
that he too will turn over some Louisville
and Nashville stock to j. P Morgan & Co.
Prospective Change in Directorate.
A statement of Harris, Gates & Co. that
they bought control of Louisville and
Nashville implies that they actually hold
physical possession Of over 100000 shares of
the stock including the stock now out on
time contracts and deliverable some two
or four weeks Off Efforts to get a definite
statement from the Gates int erest regard
ing this phase of the situation We're futue.
This naturally gives rise to the suggestion
that some changes may soon take place in
the Louisville and Nashville board-that
Mr.. Gates will be permitted to name
eral directors. From the highest possible
source, however, comes the statement that
no change is likely to be made in the Louis
vile and Nashville directorate until Mr.
Morgan's return from abroad Mr.. Morgan
is not expected back until the early sum
mer.
Local Interest in the Deal
The excitement in Wall street yesterday
occasioned by the wrestling of the Louis
Vile and Nashville railroad from the con-
troll Of the Belmont party by John w.