The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-02-06
.PENNSY DOESN' 7
CONTROL ROADS.
B. and o.. N, and w. and
G. and O. Not InCIli.
ded in System.
REPORT SHOWS
NO COMBINATION
Interstate Commerce Commission
States Pennsylvania Railroad
Has Not Violated Anti
Trust Law and Refers
to the Improved
Conditions.
Az Assoclatcd press.,

tBy Associated Press,
WASHINGTON. ID. g.. February o.
President Roosevelt to-day transmitted
TO the House the report slt6mitted to him
by the Interstate Commerce Commission,
in response to q resolution regarding th.:
alleged combination of the Pennsylvania
Railroad Company and certain other
roads named therein, in violation OF the
antitrust law. The representative says
that the only definite facts known 20
the commission are contained In the
annual reports of the railroad companies.
from which the following data have been
complied.
The Pennsylvania Railroad Company
has an authorized capital stock of 400
o00.010. of which S3D2. .5l3. 900 has been is
sued and is now outstanding. This COM
pany appears to control, and Ia under
stood to- control, all the lines embraced
in the Pennsylvania system, so called.
The term Pennsylvania system as here
used. includes the lines OF the Pennsyl-
vanln Railroad Company, tho Pennsyl-
vania Company. the Philadelphia. Balii-
more aud Washington Railroad Com
pans and the Northern Central Railway
Company, but does not include the Bal
tlmore and Ohio Railroad Company. tho
Norfolk and Western Railway Company.
or tic Chesapeake and Ohio Railway
Company.
The Pennsylvania Company, which con
trolls all the lines of the Pennsylvania
system west OF Pittsburg and Erie. has
an authorized capital stock of 5000. 900
OF which 100000 has been Issued. All
this issued stock is owned g the Penn.
sylyanla Railroad Company.
The pliiadpfphfa Iairirnorc
ington Railroad company has issued SO,
te;fSo capital stock. OF this the Penn.
sylvnnia Railroad Company owns 49,.
sso,7T5.
The Northern Central Railway Com
pany has issued srs,1s3.4oo capital stock.
.of this the Pennsylvania Railroad Com
pany owns s9,4ol,a5o.
Interest in Virginia Lines.
The Baltimore aud Ohio Railroad COM
pany has issued s5s.sss4si of preferred,
and tlci,272,o5o OF common stock The
Pennsylvania Railroad Company and the
three other companies which 1t controls
own an aggregate of s2s,+so0DO of Balti-
more and Chic preferred, and s42,a1oGc
of Baltimore and Ohio common.
The Norfolk and Western Railway Com
pany has an authorized capital of s23.-
common stock. all of which has been
issued. or this. the Pennsylvania Rail-
road Company. and two other companies
which 1t controls, owns in the aggregate
sil.c0.OC0 of Norfolk and Western pre-
ferred and E22.S3orOo Of Norfolk and
Western common.
The Chesapeake and Ohio Railway COM
pany. with an unlimited authorized capi-
tai stock, has issued $500 first preferred.
$3.50 second preferred and s62, ,7so, 400 COM
mon stock. which is now outstandlng
The Pennsylvania Railroad Company, and
two other companies which it controls.
own in the aggregate si56310Oo of the
common stock of the Chesapeake and
Ohio Railroad Company.
The report gives a list of the officers
and directors of the roads concerned, and
concludes:
Pennsy Improved Things.
From the general knowledge and infor-
nation of the commission. the statement
is warranted that, since the acquisition
by the Pennsylvania Railroad Company
and the companies by it. of the stock
OF the Baltimore and Ohio Railroad
Company, the Norfolk and Western Rail-
road Company and the Chesapeake and
Ohio Railway Company, the published
rates of tho several railroads named have
been better maintained, and in some cases
advanced, and that there appears to be
less competition in rates between these
lines than was formerly the case: but
this is also true of competitive rates
generally in other parts of the, country"
"As to whether the facts stated show,
or tend to show. Il violation of the act
of Congress referred to In the resolution,
the commission expresses no opinion. us
1t is charged with no duty in connection
with that enactment, and has no author
ity to determine question arising there
under"