The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1906-02-09
Alleged Combination of PennsyI-
Vania and Other Roads
THE FACTS SENT TO THE HOUSE
Resolution Was Adopted by the House
Facts Known are Those Gathered
From the Annual Reports Sent to the
Interstate Commerce Commission
by the House.

Roosevelt today transmitted to the
House the report submitted to him byt
the interstate commerce commission.
in response Il a resolution regarding
the alleged combination of the PEN
sylvania railroad company and cer-I
tain other roads nened therein, In
violation of the antitrust law. The
report says that the only definite,
facts known to h commission are
contained in the annual reports of
railroad companies, from which the
following data have been compiled:
THE Pennsylvania Railroad Conn.,
! pany has an authorized capital stock
of $500, 900, 900, of which $500, 515 300
has been issued and is now outstand-l
ing. This company appears to con-
troll and is understood to control all
the lines embraced in the Pennsylva-l
MIA system, so-called. The term
Pennsylvania system as here used in
| cludes the lines of the Pennsylvania
Railroad Company; the Pennsylvania
Company; the Philadelphia, Baltimore
and Washington Railroad Company,
and the Northern Central Railway
Company, but does not include the
Baltimore and Ohio Railroad Company,
the Norfolk and Western Railway,
Company, or the Chesapeake and Ohio
Railroad Company.
The Pennsylvania Company, which
controls all the lines of the Pennsyl-
x,orfo cxyctorn uyocf Of piffchYr0 and
Erie. has an authorized capital stock
of $50, 900, 900, of which $40, 600. 900 has
.bepen issued. All this issued stock
is owned by the Pennsylvania Rail-
road Company.
The Philadelphia, Baltimore, and
washington Railroad Company has
| issued S23, 493 $50 capital stock. Of
this the Pennsylvania Railroad Com
pany owns s23, AGO, IT'S.
The Northern Central Railway
Company has issued SIT, 1913 400 capt.
tai stock. Of this the Pennsylvania
Railroad Company own $9,401,950
The Baltimore and Ohio Railroad
Company has issued $50, 986, 464 of pre-
ferred and $124, 272 900 of common
stock. The Pennsylvania Railroad
Company and the Other companies
which it controls own an aggregate
of S2S, 4s0, 900 of Baltimore and Ohio
preferred and SAP, 900, 900 of Baiti-
more and Ohio common.
The Norfolk and Western Railway
Company has an authorized capita
of s23, OOO, 900 Of preferred stock and
$50. 900. 900 of common stock all Of
which has been issued. Of this Penn
sylvania Railroad Company and two
other companies which it controls
owns in the aggregate Sill 100000 O
Norfolk and Western preferred anc
$22, 100000 common.
The Chesapeake and Ohio Railroad
Company, with an unlimited author
lied capital stock has issued $500. O01
first preferred, SS, ZOO, 900 second pre-
} ferred and $62, 79s, 400 common stock
which is now outstanding. Pensylva
mia Railroad Company and two othe
companies which it controls own II
i. the aggregate SIS, $780, 900 Of b com
mon stock of the Chesapeake an
/ Ohio Railroad Company. The repor
z gives a list of the officers and dlrec
p TORS of the roads concerned n con
= cludes:
sFrom the general knowledge an
information of the commission IN
i , statement is warranted that, sine
o the acquisition by the P~ennsylvan'
+ Railroad Company, and the corps
- MES controlled by it, of the stock
y the Baltimore and Ohio Railroa
Il Company, the Norfolk and Wester
u Railroad Company and ChasapeaR
= and Ohio Railway Company, h pull
. lished rates Of the several railroad
IL named have been better maintaine
e and in some cases advanced. and Gu;
8 there appears to be less competit'o
e in rates between these lines than wi
formerly the case; but this is also trr
of competitive rates generally In OF
err sections of the country.
"As to whether the facts state
show or tend t show a violation
the act of Congress referred to
!" the resolution, the commission e
presses no opinion, as it is cnarg'
nv with no duty in connection with III
lat enactment and has no authority
determine a question arising tnef
under