The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-02-06

interstate commerce COMMISSION III iS-
Spouse to resolution regarding the al
legged combination of the Pennsylvania
Railroad company and certain other roads
named therein in violation of the anti
trust law
Interstate Commerce commission,
WASHINGTON, February 2, 1906.
1.-THE President: The interstate COM
merce commission has the honor to sub
nit the following in response to your re-
quest of January 20, inclosing resolu-
ton adopted that day by the House OF
Representatives, which reads as follows;
Resolved, That the President of the
United States be. and he is hereby re-
uuested If not incompatible with the pub
lie interests, to report to the House OF
Representatives, for Its information, all
the facts within the knowledge OF the in
terstate commerce commission winch
shows or tends to show that there exists
at this time or heretofore or within the
last twelve months has existed, combl-
nation or arrangement between the Penn
sylvania Railroad company, the Pennsyl-
vania company, the Norfolk and Western
Railroad company, the Baltimore and
Ohio Railroad company, the Philadelphia,
Baltimore and Washington Railroad COM
pany, the Northern Central Railroad COM
pany and the Chesapeake and Ohio Rail-
road company, or any two or more oil
said railroad companies, in violation or
the act passed July ?, 1890, and entitled
AN act to protect trade and commerce
against unlawful restraints and monopo-
lies, or acts amendatory thereof
"rhe only definite facts the commission
believes to have bearing on the subject
matter of this resolution are those APP
pearing in the annual reports filed by
the companies named, in compliance with
section 20 of the act to regulate COM
merce, except 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 ending June 30,
1905, the following figures and other data
have been compiled:
Statement of Holdings.
"The Pennsylvania Railroad company
has an authorized capital stock of $780,
100000, of which $3O2,5l3SOO has been is
sued and is now outstanding. This COM
pany appears to control, and is under
stood to control, all the mileage of 49,
999.S6 and gross earnings for the year
named of $23S ,52S. The term Pennsyl-
vania system as here used includes the
lines of the Pennsylvania Railroad com
pany, the Pennsylvania company, the
Philadelphia, Baltimore and Washington
Railroad company and the Northern Cen
trail Railway company, but does not in
clude the Baltimore and Ohio Railroad
company, the Norfolk and Western Rail-
road company or the Chesapeake and
Ohio Railway company.
1.-The Pennsylvania company, which con-
trolls all the lines of the Pennsylvania
system west of Pittsburg and Erie, has
an authorized capital stock of $50, 100000,
of which $4,000 900 has been issued. All
this issued stock is owned by the Penn
sylvanla Railroad company
The Philadelphia, Baltimore and Wash
ington Railroad company has an author
lied capital stock of $25, $50, 45O, of which
$2S. $50 has been issued and is now
outstanding. OF this issued stock the
Pennsylvania Railroad company owns
| $23, 49O,775.
The Northern Central Railway company
has an authorized capital stock of $40
100000 of which 400 has been issued
and is now outstanding. OF this issued
stock the Pennsylvania Railroad company
owns 50 4O1, $50 The Baltimore and Ohio
Railroad company has an authorized cap
ital of $50, 100000 of preferred stock, and
$125 100000 of common stock of which $59,-
ESQ, AGA Of preferred and 1924 272,060 of
common have been issued and are now
outstanding. OF this issued stock the
100000 of preferred and $50, 300 of com
mon. The Pennsylvania company owns
SIS, 100000 of preferred and $11.044,600 of
common and the Northern Central Rail-
way company owns sl0OO,000 of preferred
+, and $751; 500 of common the Philadelphia
Baltimore aud Washington Railroad COM
pany owns 81 100000 of preferred and $751;
/ 600 of common. 1t thus appears that the
Pennsylvania Railroad company and three
| other companies which 1t controls own
| am aggregate OF S2S. 900 of Baltimore
| and Ohio preferred and $422, 900 of Bal
timore and Ohio common.
! The Norfolk and Western Railroad COM
pany has an authorized capital of s23,-
! 100000 of preferred stock and $66,00O,OO0
! of common stock, all of which has been
/ issued and is now outstanding. OF this
issued stock the Pennsylvania Railroad
!, company owns $5,500,000 of preferred ana
/ $20S30000 of common, the Pennsylvania
/ company owns 100000 of preferred and
4 81. 100000 of common: the Northern Central
Railway company owns SoOo,oOo or pre-
/ ferred and Sl0O00OO of common. 1t thus
/ appears that the Pennsylvania company
and two other companies which it con-
trolls owns In the aggregate $llOOo0OO OF
! Norfolk and Western preferred and W.
$4,000 of Norfolk and Western common.
! The Chesapeake and Ohio Railway conn
pany with an unlimited authorized capital
& Stochi lldSlSSutu 20 @Ou,Vp III PiNA''tN -,
! SS.0O0O0O second preferred, and So, $50, 400
common stock, which is now outstanding.
/ OF this issued common stock. the Penn
! sylvania Railroad company owns $10,lSO,-
! eco; the Pennsylvania company S4,OO0,0OO'
and the Northern Central Railroad COM
/ pany 81 600. II thus appears that the
/ Pennsylvania Railroad company and two
other companies which 1t controls own
. in the aggregate 15630,000 of the common
stock of the ChesapealSe and Ohio Rail-
way company.
The foregoing statement shows the ex-
+ tent to which the stock of the several
+ railroad companies named in the dis
cussion is owned by any other railroad
| company named therein.
Officers of Various Roads.
! An addition TO these facts officers of
Various roads referred to show the names
of the officers and directors of the sew
cral railroad companies named in the
| resolution on the 30th day of June, 1905,
as follows;
| company-President, A. j. Cassatt; first
vice president. John P. Greene; second
vice president, Charles e. Pugh; third
vice president. s. NJ. Provost; fourth vice
president. Samuel Rea; fifth vice presi-
dent, John B, Thayer; sixth vice presi-
dent, Henry Tatnal
Officers of the Pennsylvania company
President, A. j. Cassatt; first vice presi-
dent, James McCrea; second vice presi-