The Montgomery advertiser., 1903-05-29
PEACE STOPS LOSS
WAR OF RoCKEFELLERS IN
 WOLVES HUGE INTERESTS.
Bitter Fight on Western Union i. Ended-Brothers' Quarrel Said to Have Started
 It All

New York Special to Chicago Chronicle Wal Street Is discussing an amazing story story of war in the stock market be- brother. William Rockefeller. which has nnaiy been patched up after a decline in stock values of several hundred millions of dollars.
 The recent bitter fight between the Pennsylvania Railr lad and the Western Union Telegraph Company, owned by jeorge Gould, John D. Rockefeller's ally; the Dear attack on Pennsylvania ard on St Paul and the resignation from the directorate of the National City bank of John D. Rockefeller, Jr.. are incidents of the contest. By the peace compact arr ranged between John D. Rockefeller and sx,vsn,o A: ;; oassatt. president of the Penn Telegraph Company will not be molested further and MT. Rockefeller becomes the largest subscriber to the $75.0 900 syndi- cate to underwrite the new Pennsylvania stock issue and the stock market fight ceases.
 Stock Sells at High Figure.
 In quarters where the news became Known today the greatest surprise was expressed and 1t was thought that under tnis impression the public would subscribe loerally for the stock at par, and as matter of fact before its issue 1t sold at lSo on the curb It was freely predicted mat It would become a cond Standard Oil stock The stock had paid per cent Aoa iidHg years. III lSUt the dividend was cut to 1 per cent quarterly ana subsequently, to one-half of 1 per cent cent quarterly. The stock broke from l3o to 53 This break extended over a period of nearly two years
 When the dividend was first passed rumors became current that there had been quarrel between John D. Rocke- Teller. Sr., and his brother William over tne part the latter had played in the that John D. Rockefeller blamed his brother for havTg allowed his name to De connected with the scheme. Men in the financial district believe that the bit terness of the fight between the Penn sylvania and the Western Union Tels- graph Company was really caused by the split between the two Rockefellers. Says Rockefeller Was Not Dropped.
 This theory was deprecated today. how ever. by President James Sti'lman of the National City bank in a conversation with reporter. In reply to a question as to whether John D. Rockefeller, Jr, had been dropped from the board of directors because of the conflict between the two Rockefellers interests, President James Stiilman of the National City bank re- piled:
 Dropped is not the proper term to use. That would imply that there is friction, and I do not want to convey any such impression. MT. Rockefeller's relations with the board were pleasant. The true cause of his retirement is the fact that he did not have time to attend to the duties of a director. He therefore re- tired some time ago"
 MT. Stillman declined to give any further particulars and referred the re- porter to young MT. Rockefeller himself, but he could not be seen tonight.
 Grows Out of Copper Raid.
 The friction which is said to have exist ed between John D. Rockefeller, sr., and his brother, William Rockefeller, began at the time of the famous bear raid on Amalgamated Copper. generally attribus ed to William Rockefeller. The Amaiga- mated Copper Company was fioated by the National City bank. The promoters of the company gave the public to under stand that the project was one of Rocke- fellers, Sr.'s. and had his support
 John D. Rockefeller has been lending his whole influence to support MT. Gould and the Western Union. while William Rockefeller, Kuhn, Loeb & O.. Speyer & O., allied with the National City Bank have recently formed a syndicate to un- derwrlte the last issue of Pennsylvania stock and to protect 1t in the stock mar ket from attacks led by John D. Rocke- Teller. Jr. Now 1t Is said peace has been made between the warning factors and that John D. Rockefeller Joins the Pennsylvania syndicate.
 There are many who also believe that the weakness of St. Paul, which is owned by John D. Rockefeller. Sr, and James Henry Smith in large part has been due to attacks by William Rockefeller Kuhn Loeb X Co, and the Stillman faction. The great weakness of the stock market at this time and the liquidation entailing losses of hundreds of millions of dollars are all attributed by many to this war of the f1nanciers