The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-02-05
PENNA. MERGER As !
BEEF TRUST PLEA
Continued From First Page.

Pennsylvania Railroad company owns
HThe Northern Central has an au.
thorized capital stock of $20,000,O0O, of
which $17, 1913 400 has been issued and
is now outstanding. OF this issued
pany owns $9,4O1, $50. 8. 3Ezs-. !
THE Baltimore & Ohio has an au-
thorized capital Of $60,o0O,00O Of pres
ferred stock and 1925 100000 Of COM
mon stock, of which $50, 1886, AGA of pre-
ferred and 1924, 272, 06O Of common have
been issued and are now outstanding.
Of this issued stock, the Pennsylvania
preferred and $30,293,300 Of common;
the Pennsylvania company owns S., OOO,-
900 Of preferred and 81, O44,600 OF
common, the Northern Central owns ST.
100000 Of preferred and $78l, 500 Of
common; the Philadelphia, Baltimore &
Washington owns 81 100000 Of pre-
eFFff and end aSoo Of fec mo
| vania Railroad company and three
others companies which it controls own
an aggregate Of $2s,4so,00O of Balti-
more & Ohio preferred and $4,000, 900
of Baltimare & Ohio common.
Norfolk & Western.
"The Norfolk & Western has an au-
authorized capital of $23,O00,0O0 Of pre-
ferred stock and $66,OOO,000 on com
and is now outstanding. Of this is
sued stock the Pennsylvania Railroad
company owns $5,500,O0O of preferred
and 500 100000 of common, the Penn
sylvania company owns $5,0OO,000 of
preferred and $l,5OO,OO0 of common;
the Northern Central owns 100000 of
preferred and 100000 of common.
1t thus appears that the Pennssyl-
vania Railroad company and two other
the aggregate $11,000,000 Of Norfolk
& Western preferred and $22,830,OOO of
Norfolk & Western common.
tThe Chesapeake & Ohio. with an
unlimited authorized capital stock, has
issued $4,000, first preferred, $500 sec,
ond preferred and $62, 100, 400 common
stock, which is now outstanding. OF
this issued common stock the Pennsyl
vania Railroad company owns 3d.,
$4,000,000 and the Northern Central
$1,5OO,OOO.
4 cit thus appears that the Pennsyl
vania Railroad company and two
1 other companies which it controls, owr
in the aggregate SIS, 100000 Of the
common stock Of the Chesapeake &
Ohio.
1.-The foregoing statement shows thu
extent to which the stock Of the sew
eral railroad companies named in thu
discussion is owned by any other rail
road company named therein.
Gin addition to these facts Of stool
ownership the annual reports above re
ferred to show the names Of the off
GERS and directors of the several rail
road companies named in the resolu
ton on June 80, 1905.
Less Competition
From the general knowledge an
information Of the commission the fur
Their statement is warranted that, sine
the acquisition by the Pennsylvani
Railroad company, and the companie
Baltimore g. Ohio, the Norfolk & West
s ern and the Chesapeake & Ohio, a
above set forth, the published rates o
the several railroads named have bee
better maintained and in some il
: stances advanced, and that there az
Z pears to be less competition in rate
4 between these lines than was formerl
; the case; but this is also true Of con
petitive rates generally in other part
: Of the country.
6 AS to where the facts hereinbefor
r stated show or tend to show a viols
! ton Of the act Of congress referred
j. in the resolution, the commission e.
= presses no opinion, as it is charged wit
& InO duty in connection with that enac
t nnent and has no authority to determin
8 a question arising Hereunder.
$ 6 All of which is respectfully sui
s mitted, 90 Martin a. Knapp,
B. /" Chairman. =