The Washington times., 1910-07-28

since, and at the valuations OF recent
markets all Of the lines involved show
declines Of from so to 80 per cent
4 ssu,Ooo,ooo Investment.
tt IS estimated that the total invest
Eent Of the Pearson group in United
States railway securities amounted 10
approximately 81, gl9, go The aggregate
capitalization OF the roads involving
about $50, go eco par value Is. of course
market valuation. so that this sum
would represent a fairly considerable
interest
No int nation was ObtainabIe yeSter-
day OF the amount Of the stocks trans
ferred 70 che hands Of the Kuhn-Loeb
interests I was said that the Interua-
uOual iltLfaStS represented by this
h0us~ lad taken out Of the market sit
Isa1iOu al Of the Rock Island, LehiEh
Valley, and Missouri Pacific to which
the Pearson group was committed Il
vas not said. however that Dr. Pear
son himself would be eliminated from
DsTLIClDa ton in Rock Island and Le-
nigh Vale affairs
An assoc ate Of the doctor declared he
believed mat Dr.. PeaTsOn's personal
holdings were intact, and at any rate.
in his opinion the doctors value as an
engineer would be sufficient TO keep him
IN the Rock Island board
The makeup of the Canadian and
English syndicate has never been fully
disclosed, but Wall Street has taken for
granted that II includes most Of the
Canadian and English CAPITALISTS con
ceEued in the Pearson South American
and Mexican enterprises
In the Pearson Project.
Assoc iated with the doctor in some Of
his Mexican enterprises are such men as
Sir Within Van Horne, chairman Of
the Canad an Pacific, Sir II. NJ Pellatt,
liam anL AllNander Mackenzie. and the
Hon & a Cox. also Of Toronto. Be
sides re English banking house Of
Sporting & Co. the London associates Of
DR. Pearson include P N. Horae-Payne
and y NJ Hubbard. Of London. In this
CITY " Lauman Bull and PCrCiTaI Far
quh9T have been associated with him
IN France he has brought into his en-
teTpriSs~ Edward Quellence and Jean
laval. OF Paris. and IN I =ICiun w. Yer
St-aSteu. Of Brussels. His Mexican prop
critics. which. besides the recently under
taken Mexico and NorthW eStern Tram
WAYS COMPANY and the Mexican Light
and Power Company, constituting
practical monopoly Of the public SeTv-
ice companies e MeNicO City. have
brought aim into association with q
number o. the Mexican government Of
fciaIs- Numbered among his directors
are Jose LimautOUr Mexican minister
Of finance his brother. Julio Imam
tour. ENRIQUE Cresl. Governor of Chihu-
ahua- and Landay ESCCnda. governor
Of the federal district OF Mexico
In Brazil the Pearson enterprises con
Stitute a mOnODOly Of the traction cleo
trio. and gas interests of Rio Jauetro,
in the Rio lie JaneirO Tranwav Light
and Power COMPANY Limited q similar
ENTERPRISE to the Sac Paulo Trarnv-sS-
Light and Power Companv. snd a com
Usny formed 70 develop the Port Of Ba-
hia-
4 director Of tbe Rock Island Com
nany denie5 cnphaticaIly that the dis
poSaI OF the svndiCatc'S holdings in
valve5 the passing Of control Of TIE
Rock Island ron the Reid-Moore in
tcrests- He added
The matter IS purely a market affair
Affecting the minority holdings OF some
Of the foreign stockholders. II has no
bearing on che real control OF the Rock
Island