New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-15
SELLING THE c. H. & D.
FINAL OWNER UNKNOWN.
Morgan Firm H'W Probably Get
Control of Trust Shares.

That the Cincinnati. Hamilton and Dayton
systematic Great Central Route"-is soon to
pass under the control Of one or more OF the
larger railway systems seems probable from the
developments of yesterday affecting the prop
erty. Referring to recently published reports,
The banking firm Of II B. Hollips & Co made
this announcement:
The statements bearing upon the proposed
transfer of the Cincinnati la milton and Day
ton 10 other interests are mostly incorrect. The
company is in process of changing hands but 1t
would be premature to make public the details
at this time. There have been no differences
with any one. and the transfer will be made
without opposition.
The entire Hollins interest in the Cincinnati.
Hamilton and Dayton. it was learned later. has
just been sold to J. P. Morgan & Co.
The Cincinnati Hamilton and Dayton in 1904
purchased control of the Pere Marquette Rail
road, and the two roads acquired the entire
capital stock of the Chicago, Cincinnati and
Louisville. through the issue of Joint collateral
trust bonds. The Cincinnati, Hamilton and
Dayton also took up its preferred stock
leaving outstanding only the IS. 100000 common
stock, or 10000 shares of which 5000 were
purchased last fall by a syndicate. the managers
OF which We're George W Young chairman:
Dumont Clarke. president Of the American Ex-
change National Bank: Valentine P SNYDER.
president Of the National Bank of Commerce;
George H Norman. Of Boston. and Lawrence
Flerce- The 5000 shares were placed in the
hands Of voting trust for FIVE years. the trus-
tees being F. H. Prince Mark T Cox, George
H Norman, George W. Young r. r. Gown.
Eugene Zimmerman and ". G Oakman. II
B. Hollins & Co. 1t is said after the acquisition
OF the block OF 5000 shares by the original
syndicate, became subscribers for a majority
81 per cent of those shares The Original
syndicate has loans outstanding, secured on the
STOCK II is understood, TO the amount Of about
% per cent Of its cost. and the syndicate man
ayers few days ago called on tho syndicate
subscribers for payment Of the balance of their
subscriptions. representing this 55 per cent or
about 100000. on September 30
The Hollins party, # is said has recently been
negotiations for the sale OF the Cincinnati Ham
iton and Dayton system to a big railway a
slep which the voting trustees have opposed I'M
less the purchasers would take the entire 65 600
shares now deposited with the United States
Mortgage and Trust Company; and within
week the voting trustees themselves have en-
tered upon similar negotiations One of the vot-
ing trustee denied yesterday that there was
any friction with H. B. Hollins & Co and
added: We have. a matter OF fact two
propositions for the Cincinnati Hamilton and
Dayton from financial groups. who are NOT
dealing as railroads, although I presume they
ing with Holns & Co, but with us"
Inc fact that II. B. Holiins & Co. have dis
tAiSiA SUDooiipll IlSHIS Tor a ma
Joflty OF the syndicate's stock holdings to J. p.
Morgan d Co, considered with the statement
by the Holllns firm that the transfer of the
Cincinnati Hamilton and Dayton to other in
terests will be made without opposition" is
regarded as signifying that J. P. Morgan & Co.
will take up the minority substitution also and
become the owners of the entire $4,000 shares
now held in the voting trust. What disposition
they may make or this stock cannot yet be said
Opinion in Wall Street inclines TO the Erie as
ule PROBABLE ultimate purchaser, although the
Pere Marquette would be parallel and COM
peuhg ROAD with the Erie Railroad between Chi
cago and Buffalo II is also suggested that the
cincinnati, Hamilton and Dayton system NAV
be taken over by the New-York Central and
PENNSYLVANIA jointly as the Reading control was
acquired by them.