The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-22
MORGAN PLANS BLOCKED
Charles 7. Yerkes Secures Control of
London Railways.
ANNOUNCEMENT CAUSED SENSATION.
Opposition to American Management by
London Stockholders Caused Sale OF
Part OF Morgan Interests.

London. October 2l,-Dramatlc develop.
ment in the fight FOR the CONTROL of Lon
don's tube" railroads occurred today,
when 1t transpired that Spcyer Brothers,
who are financing Charles L. Ierkes plans,
had bought contol Of Jorge company
hitherto allied with the Morgan scheme
of transportation. thereby mol only feuuc,
ing the scope Of the Morgan projected
line by many miles, hut actually threaten
ing 1t With legal obiteration. Inc ldte%
move In this Morgdn Nerkes rivalry. was
announced al today session OF the house
OF commons tube commission Sir Ed
ward Clark as counsel for the London
United Electric RAILWAYS. withdrew thd
part of the road covering the district west
ward between H0mmersmiSh and Picca-
dllly and south ward between Chaplain and
the city The Morcans had originally In
tended TO cover these points as the Lon.
don United already had certain powers
from the nmalgamation effected year ago.
and the Morgan project had passed through
parliament Under the title Of the London
United and PicCadillY and City railroad.
Balfour Brown. who Is counsel for the
Joint bills. EXPRESSED surprise In behalf OF
the Morgan interests at Sir Edward ClaFk'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 sensation the committee adjourned.
Mr. Brown then announced that the Nor.
rs they had left. namely, between Picca-
diily and the city. and that they would
take the earliest opportunity 10 introduce
new bill asking for the powers which
they had heen deprived of by the de-
lection Of the London United.
Counsel representing Nerkes' interest de-
manded that the Plccadily ed city also
he Withdrawn. AS II had no legal status
London United scheme. which, since this
morning was noneNlstent: In other words,
declaring that the Moreans now had no
legnized tube project at ALL
Counsel for the Moreans demRnde a YER
dict on this point from the whole house
Of commons, saving the committee was
nor entitled TO deal with the new state
of affairs.
Tho chairman. Sir Lewis McIver after
a long consultation with the other mem.
pers OF the committee. said he would have
10 report the circumstances to the house
authorities and postponed his decision until
Thursday
The Associated Press learns that cur.
lous chapter Of misunderstandings led up
to what MI Herkes terms his coup" The
promoters OF the London United say that
though they were willing to pool their
interests with the Morgan syndicate. they
Delieved tney were better fNted TO con
trol the traffic management OF an English
line than the American firm. Sir Clinton
hawkins "a mariner in the house of ]. 8.
Morgan X COB. through whom the neKotia.
lions were, conducted refused to agree 70
TINS ana the United officials then demand
ca control of the arrangements Of their
own section n the line which was also
denied IN way. II is hintcd. that people
took TO he sighting and Sir Clinton went
10 the United States, n is intimated that
the promoters nre indignant al what they
considered 10 he their III treatment, and
rabied 70 Mr. Yerkes Offering bin the
ROAD. Nh Nerkes thereupon cabled them
70 20 10 the sneyers and shortly atter
Nj Aerkes return Sneyers bought mn fine
load. thus blocking the Morgan scheme