The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1903-04-21

le2p,ains hls shIt Dy saying tnat con
di...ons then and now are entirely dif.
ferent and that the Union Pacific Is
in danger Of becoming involved in lit
igation from which It may never ex-
tricate itself and which must have
an injurious effect upon the property.
This is mentioned simply as a Wall
street theory and as one OF the Incl
dents growing out Of the Northern
Securities decision.
Il is more than probable that the
litigation begun by James r. Keene
against the Hartman interests for
control OF Southern Pacific will be
dropped. At FIRST blush 1t would ap.
pear that the decision foreshadowed a
victory for Mr. Keene in the higher
courts. but inasmuch as a victory
there would be a boomerang against
himself he is quite likely to draw out.
although nothing positive is known
The Southern Pacific company is IT,
self a holding corporation and has
been subject to attack for years by
the authorities OF Texas and other
states .or alleged violation of the
state and federal laws prohibiting
buying competing lines. Mr.. Keene
10 still a heavy owner OF the stock Of
the Southern Pacific company and II
he carries his litigation 10 a success.
full end he might be destroying his
own corporation. Mr. Keene will go
long ways to win a campaign but
he has never yet been accused of
pursuing a course injurious to his
own pocketbook. Mr.. Keene, by the
way, will soon sail for Europe to be
gone most OF the summer He has
leased an estate a short distance from |
London and proposes TO enjoy a sea |
son Of complete rest from business |
cares. He has a stable in England |
and will take an active interest in
the races there. Mr. Keene hurt his
knee thirteen weeks ago and his leg
may be stin for the remainder of his
life in consequence. Mr. Keene is now
64 years old His general health is
good-better in fact than it has been
for years.
J. Pierpont Morgan has twice de-
ferred his departure for Europe. He
now expects to sail on Wednesday.
the 22nd instant, although he may
conclude to remain here a while lon
ger. He has been invited TO a dinner
to Count Spec Won Sternberg. the
German ambassador. on the evening
OF the 22nd and has given half
promise to attend. Mr.. Morgan has
important social as well as business
connection in Germany. as he is a
personal friend of the kaiser he will
strain point to show courtesy to his
representative in this country. Mr..
Morgan has been under terrific strain
for six months. greater than at any
time during his life and he shows the
effect Of it, His step is not as elias.
tic as formerly and his fiabby cheeks
denote a loss of physical vigor. His
eyes have the same glare as ever and
his manner is more brusque. II pos
sible. II he gets away he expects to
remain in Europe for at least three
months
The principal parties to the nego-
tiations for the purchase of the Fris-
co system by Rock Island have stead
lily declined to explain why the deal
fell through. They have been ex.
tremely careful to avoid PERSONAL
ties and to all appearances they viii
continue to be friends and to operate
the systems amicably II is by no
means certain even that the deal is
on permanently, although the owners
have thus far failed TO reach an agree
ment as to the exact terms OF sale.
There is room for both roads oper.
ating independently and without in
terierence with one another. although
in conjunction they would make
and compact combination.
There are persistent reports of close
relationship between Rock Island and
Atchison. Ohicials of both roads de-
ny point blank. however, that there is
a union OF ownership or the remotest
OF such a deal
The last break in the stock market
increased the total shrinkage in Sc
curities by at least sSOO.OO0.OOO This
is a big price to call upon the market
to stand in payment for mistakes of
a single group OF fnanciers determin-
ed upon bending the law to suit their
own purposes regardless Of conse-