The Montgomery advertiser., 1902-04-13
ROCK ISLAM INTERESTED
That Road May Secure "Thel
 0ld NeIlable.."
! confersnes. .wss Held in the oahss efJ. P. 1rorsss | co. 1at NPasti- eip.at.> >.rs ssaesns s,n Dis
 eussias what Occurred.

New York, April l2-tSpecial.)--An in- dications seem to point tosths fact that tho control of the Louisville and Nash stile Railway is now. so held that'it cap he turned over to the Rock Island Rail-. way.
 The matter had not not been determined at the close of business today, and facts srs ss lacking as they have been, since the excitement in Louisville and Nash viIle shares, began. some days asp. :.
 opinion in wall Street is.in anebalcus condition. as . to twho now controls. the. company, but there is conviction that cortrol hass passed from. the Belmont ir- teresfs and that J6hi w. Gates has been a-fsctor in it's passing. < .ss' ..+} ..Mr. dates, was at. thel once. of J. F. Morgan & O.. today In a long confer epce with. the members of the firm which had not besn adjourned when the Stock Exchange closed. and ..after; it was adi iourncd the parties to the conference declined to. make any statement. Those present. were representatives of August Belmont of tho Southern Railway. John w. Gates and George w.. Perkins of J. P. Morgan X Go. '
 MT. Gates appeared to have almost secured control of Louisville and, Nash v:He stock without having had such in tsntion; tc have, then been heavy selT ,cr,i and, awakenings to the possibilities that ,haa. been ssithin his reach. .to have a assir made heavy purchases of the. st 3rk esnniSting with the purchases being snast a.ths same time by the Moore interests, acting for the Rock Island, Railway. Inese purchases were of. course, facliiJ sated by ahe naarketing of the ss.ooeooe of che. new Lo,iisvilie and Nashville shares. whsse disposition had been placed in the hands Of the chairtuan, August Belmont, by the dts ectors Of She company. i.3
 There appears. to be good foundation for, the opinion that Mr. Gates may now be in position by throwing his stock one way or the other to decide which interest shall hereafter control the Louis- vile and Nashville. Not much doubt is felt that the, Moore interests will secure his proxies or the stock he holds
 It is believed that the plans of the Moore interests to buy into Louisville and Nashville were known to two of the great banking housess of New York and that the purchase of the Choctaw road by Speyer & O., was made as part Of that plan. The 'choctaw road will serve as 4 connecting link between the, Rock Island and the Louisville and Nashville road, the latter connecting with the Choc- taw road at Memphis.
 A prominent man in somewhat close re- ,..ions with J. P. Morgan & Co. made the significant remark that there IS very important deal on foot In wnicn tnat firm is interested. but the detahs ot ~,n,cb could not be made public at present hacause it might interfere with the .,hsr,e When the question was put to hIr,, directly as to whether a majority o, inc Louisville stock had not been turn ed over to J. P. Morgan 6 Co., or ha' n..n acquired by that firm in the open market, he replied this inference "ien' be drawn, but he would not say anS'hihs to intimate that this was or was not true
 A leading director of the Louisville ,,on,nany said that he had no idea who owned the majority of the stock IL might be. held by either the Gates pool or by J. r. Morgan & O., for all he knew. hut he had no evidence to show this He admitted that the board had authorized the chairman, August Bel mont. to dispose Of the s5.ooooOo of new stock according to his discretion. and the director quoted said that he did not know what Mir. Belmont had done about 1t, but he felt certain that none of the directors had gone short of the stock