The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-22
YERKEs' REPRESENTATIVES EN-.
GlNEER A COUP BY MAKING
A PURCHASE
AN ALLEGED SLIGHT is
SAID TO HAVE BEEN CAUSE
United Electric Railways Make a De-
nnand Which Is Turned Down-Spey-
ers Then Make the TRANSFERABLE
Circumstances to Be Reported to the
House of Commons.

| LONDON, Oct. Ely p. Morgan
| met his second defeat in this country
within month";" says the Star "The
first was the Cunard subsidy; the sec
ond was the smashup of his great
London tube scheme"
A dramatic development in the fight
for the control of London's tube" rail-
roads occurred today, when it tran
sp1red that Speyer Bros, who are
financing Charles T. Yerkes' plans.
had bought control of large company
hitherto allied with the Morgan scheme
OF transportation, thereby not only re-
duclng the scope of the Morgan pro-
1ected line by many miles, but actually
threatening it with legal obliteration.
Inc latest move in this Morgan
YerkeS rivalry was announced at to-
| days session of the house of commons
tubes" committee. Sir Edward Clarke,
as counsel for the London United
Electric railways, withdrew the bill
providing for the construction of that
part OF the road covering the district
westward beween Hammersmith and
Chapman and the city. The Morgans
had originally intended to cover these
points, as the London United already
mad certain powers from the amalga-
nation effected a year ago and the
Morgan project had passed through
parliament under the title of the Lon
don United and Piccadilly and City
| railway.
Morgan Interests Surprised.
Balfour Browne, who is counsel for
the joint bills, expressed surprise in
behalf OF the Morgan interests at Sir
Edward Clarke's announcement, which
left him scarcely half the length of the
road over which he had been arguing
for nearly year, and requested time
TO consult his principals. Amid SEN
sation the committee adjourned. Mr..
Browne then announced that the Nor
gans were ready to go on with such
road as they had left, namely, between
Plccadilly and the city, and that they
would take the earliest opportunity to
Introduce new bill asking for the
powers which they had so unexpected
ly been deprived of by the detection
of the London United.
Counsel representing the Yerkes in
terest demanded that the Piccadilly
and City road also be withdrawn as it
had no legal status, having been pre-
sented to parliament as part of the
London United scheme, which since
this morning was non-eXistent; in 9TH
er words, declaring that the Morgans
now had no legaliZed tube project at
all.
Counsels for the Morgans demanded
q fClu lCI Ol ILLS pOlIlI Tile WnOIe
mouse or commons, saying the COM
mittee was not entitled to deal with the
new state of affairs.
The chairman Sir Lewis McIver, af-
ter long consultation with the other
members Of the committee, said he
would have to report the circumstances
to the house authorities and post
poned his decision until Thursday.
Due to Misunderstanding.
The Associated Press learns that a
curious chapter of misunderstanding
led up to what Mr.. Yerkes terms his
coup" The promoters of the London
United say that, though they were
willing to pool their interests with the
Morgans, they believed they were bet
ter fitted to control the traffic man
agement of an English line than the
American firm. Sir Clinton Dawkins
Ga partner in the house of J. P Nor
gan & Coz, through whom the negotia-
lions were conducted refused to agree
to this, and the United officials then
demanded control of the arrangements
of their own section of the line which
was also denied in way, it is limited,
that people took to be singing, and
Sir Clinton went to the United States
1t is intimated that the promoters were
indignant at what they considered to
be their i'll treatment and cabled to
Mr.. Yerkes offering him the road Mr..
Yerkes thereupon cabled them to go to
the SpeyerS and shortly after Mr..
YerkeS' return the Speyers bought up
the road, thus blocking the Morgans'
scheme.
London Papers Pleased.
The fight for the control of Lon
don's tube" railroads has caused
very unusual amount of comment and
discussion in the London newspapers
this morning. On the whole satisfac-
ton seems to be felt at the discom-
future of the Morgan group, whose ex-
penses in pushing their bill through
parliament are estimated to approach
100000.
The Daily News says: "Under the
new conditions the more modest
schemes of the British promoters may
have better chances of success"
On all sides the necessity is urged
of some central advisory authority to
deal with the transit needs of London,
instead of the present chaotic proce-
dure.