The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-02-07
A new MENACE
TO RAILROADS
THE MERGER RESOLUTION COMES
TO NAueHT-MoRE SERIOUS
THREAT MADE.

$50 ID b
WASHINGTON, Feb. THE Penn
sylvania Railroad and the roads which
it controls through their directorates,
namely, the Baltimore and Ohio, Ches-
apeake and Ohio, Norfolk and West
ien. Northern Central, the Philadel-
phla, Baltimore and washington and
the Washington and Southern. were res
leased from the threat Of proceedings
against the Pennsylvania for having
brought about merger Of those roads,
hut an hour later the Pennsylvania,
Baltimore and Ohio, Chesapeake and
Ohio and Norfolk and Western were
threatened by even a greater legisla-
tive danger. When the House met.
! the response Of the Interstate Com.
metce Commission to the Gillespie
resolution calling for Information as.
TO the Pennsylvania's alleged merger
was received from the President Of
/ the United States. AS indicated in
jthese dispatches, the Interstate Com.
merce Commission simply transmitted
thu information which has been com.
mon property for a long time. namely,
the amount Of stock held by the Penn
Isylvania Railroad Company in all the
other companies, an amount in each
case considerably less than majority
Of the stock
The COMMISSIONS Report.
The report. after citing the resolu.
tion Of the Senate. calling for the in
formation, says:
The only definite facts known to the
commission believed TO have bearing
upon the subject matter Of this reso.
luton are those appearing in the an.
nual reports filed by the companies
named In compliance with Section 90
of the Act to Regulate Commerce, ex-
cept as the same facts. or some Of
them, have been disclosed from time
to time In proceedings before the com.
mission. From the latest Of these re.
ports, covering the year ended June 30,
1905, the following figures and other
data have been compiled
Tie Pennsylvania Railroad Company
has ali authorized capital stock Of
S4OO,OoO,OoO, Of which sSO251S, 900 has
been issued and is now outstanding.
This company appears to control, and
is understood to CONTROL all the lines
embraced in the Pennsylvania system,
so called, having an aggregate mileage.
Of 1O999S6Imiles and gross earnings
for the year named ofS2sS ,l72,59s, The
term Pennsylvania system as here
used includes the lines Of the Pennsyl-
vania Railroad Company, the Pennsyl.
vania Company, the Philadelphia, Bal.
tlmore and Washington Railroad Com
pany and tile Northern Central Rail-
road Company, hut does not include
the Baltimore and Ohio Railroad Com
nany. the Norfolk and Western Rail-
way Company or the Chesapeake and
Ohio Railway Company.
The Pennsylvania ompany. which
controls all the lines Of the Ponnsyl.
vania system west Of 'Plttsburg and
. 4 . j. . .Ha .
Erie, has an authorized capital stock
Of sSOOOOO0Oi Of which 100000 has
been issued. All this isstIed stock is !
owned by the Pennsylvania Railroad
Company,
s The PRIlads lpbia ltln9re and
sSyashihgta1s ailroad Comp Il A Az &!
5autEoFiS seoplta a
sf walsh 5so 8a
Rad nov az apfiiIp 1f hi e
sued siosf tha Penhs lNauia ''lilfpnq|
csmnans owns ss8 aoa7
r6e Northeu ceu.al RnlNag Com
pune has au authorized capital stock
oi Ss0ow0oo al which ii7l9a. loo