The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-25

amy one started bidding FOR It they would
ask prOhlUltivc price. Besides, Morgan
Interests would undoubtedly bid against
them.
There Is better chance to get a foothold
In New York Central, but the cost OF buying
enough stock tu sidctracA W i Vanderbilt
would Dee So enormous that this also IS
out ot the question, SO far n5 GuuIu Aud
Rock Island Interests are concerned. Nc has
been suggested that the kucEcfelers who
have Increased their holdings of New York
Central largely, may be In "a position some
time 10 give Gould what he wants, az.
suming that Gould is on Intimate terms
with the RoCkyfellers. This, however IS
too indefinite TO warrant serious attention
at tho present time. some thiuk Could
or other strong people are back uf the Pere
MnrQurttr's proposed extension TO But
'alo, which Is making good progress mt the
moment. The ST. Louis and san Francisco
is admittedly Interested, through some or
lis leading directors Ia this BnGAlo llne,
but report has II thRt PRESIDENT Aoakuin
OF Frisco Is moro inclined 10 side with Mr..
Morgan than with anybody else. Evidently
there are chances for sQmc very Important
developments on the railroad mup during
the next year or Two. 1t will probably mark
decisive victory, or II signal defeat for
MI Goulds ambitious plaus. There are
those who profess To believe that Andrew
Carnegie will turn mp in supper, ~ come
of the independent Interests. This is based
on the assumption that Mr. Carp0gi" may
some time OF other expect to return to
active business. At no time Is Wall street
without It's nlr castles, aud those mentioned
are some OF them.
Ro[rt h. Armstrong; the new assistant
secretary OF the treasury, was In Wall
street one dry this week heiug introduced
around a little. lie received hearty vel
come at a big bank in lower Wall street.
which usually tries 10 he as cordial as pos
sih'c 10 Uncle Sans representatives ana
which found berth for one OF them. This
set tongues going, hut there was really no
Significance In the Incident
The Impression that has got abroad mat
thc Northern Securities decision is liable
20 be handed down any day ny the United
States supreme court IS untouuded. The
bearing Is not yet finished but II will prob
ably he over soon, The attorney general
expects to lose this case, hut feels con
hdent OF winning the next and more lm1or.
/ tant ono brought by the government itself
/ The pending consolidation Of the Mercan-
I tile National Broadway National and
seventh National hanks has oCcIsloned
/ some sly wiults In banking circles. Charles
I w Morse Is the most active factor In
/ bringing about the merger. Mr. Morse and
his friends paid something Ike 1925 "a
share FOR controlling interest In the
, Broadway National although the book
value was alleged 10 he under 5000 The
Chomlcal NruopM, II ~ stated on tnlr Au.
thority would have given sometMuc near
the hook value. When Morse got control
| the municipal election had not yet taken
place and Morse felt morally certain. it Is
said. that Tammapy hall would be con
4 tinped IN power thereby rendering ~ pos
sillp 70 add largely 20 the deposits ~ the
bank which he had inst bought TNmmBny
was defeated and Morse's enthusiasm has
wRned n good deal. II what hear e true.
lie bought few shares OF Mercantile Ma
tioual and found people there who were
not ayerse to the consolidation notion.
what wall street would Ike 10 know IS
whether Morse ny the latest turn Of Mo
wheel win improyo HE nosition Brt Mr..
Morse declares that no huvs purely tor IN.
vestmcnt and not To turn r hank over. His
friends saw that he still homes 70 build nm
one Of the higFest agCrNrations Of banking
! canital IN the CITY. Those who are watch
ing the three grouns-the ROckefellers Nor
Z gan and MorsN-grow suspicious that sooner
or later Morse'a interests VIII no turned
over 90 one ~ the other two which will
I Il he9 AZ tho moment Il looks more Ike
the Rockcfellcrs