The Montgomery advertiser., 1905-08-08
TALKING OF
 A RAILROAD J. P. Mosan Consults Mt.
 MOOsevelt. HANK0W LINE IN CHINA Americans Large Holders Of
 the Stock. Pending Peace Negotiations, Relating Somewhat to Subject, Also Come
 Up for Discussion Be-
 tween the Two.

oyster Bay, Aug. u Pierpont Nor gan of New York had a conference to- day with President Roosevelt lasting an hour and a half. The President himself Is authority for the statement that it related practically entirely to the case of the Hankow Railroad Tn China, a controlling interest in which is owned by J. P Morgan & Co. In ciden tally. and as relating in measure to the railroad interests held by Amer jeans in China. the pending peace ne gotlations formed a topic of consider aion between the President and MT '. Morgan
 MT. Morgan came to Oyster Bay un- heralded. While his visit was by ap- pointment, nothing concerning 1t was permitted to leak through official sources until after he had gone. Mir Morgan came to Oyster Bay in | his yacht Corsair. One of the Presl- dents carriages was In waiting for him. and he was driven directly to Sag | o'clock. He remained for luncheon with the President and Mrs Roosevelt and for some time afterward
 The suggestion was made that Mr.
 Morgan's visit, and that of Secretary Shaw a little earlieer, might be more | than a CO., o-incidence. but it can be said | authoritatively that they had no rela- ton at all with each other. Secretary Shaw and MT. Morgan did not meet ana the purposes of their visits were entire | ly different.
 The President and MT. Morgan dis cussed fully the Hankow Railway con | cession. Several months ago the same l question was taken up by the President | and his Cabinet and considered thor | oughly An effort Is being made by | the Chinese Government to purchase | the concession from the American Chi na Development Company. which owns | the railroad and the contributary con | sessions.
 The Hankow Railroad.
 The railroad now is in operation be- tween Hankow and Canton. a distance of only about thirty miles, but the company, which Is absolutely controlled l by American capitalists. owns conces' sions and has made surveys for several
 hundred miles of railroad lines.
 proposition has been made by the Chi nese government to the American China Development Company to pur- chase the Hankow Railroad and the extension of concessions It Is under stood that the price offered Is about S7 ,0OO, 900. Some of the American hold CTS of the stock are inclined to accept the proposal, but the European hold CTS, who have a minority of the stock ! mist, as they claim. :n the interest l of various foreign countries, tndt tHt
 railroad and its concessions be not sold. but they they remain In control of the Americans.
 In behalf of the latter 1t is argued
 that a railroad in the heart of China operated by responsible and aggres' sive American business men in connec' tion with the American steamship lines
 would beof enormous advantage, not
 only to the American producers of al
 kinds but to all the civilized world
 generally. It Is said King Edward o1
 Belgium. who owns some of the stock
 takes this view of the situation and Is
 vigorously opposed to yielding to the
 proposition of the Chinese government A meeting of the board of directors oi the American-China Development Com
 pany is to be held in Jersey City or
 the 29th instant. and 1t is expected
 that at that time a determination vii
 be reached as to the acceptance oi
 China's offer #
 MT Morgan at the conclusion of thu conference was conveyed In carriage
 to his launch and went immediately tC
 the Corsair, which sailed about l o'clock.