The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-07
N. Y. BANKERS AFTER
BRAZIL RAILROADS
May Get Leases Of 800, OO0,.
900 Government Lines Held
by English and French.
AMERICAN CASH NEEDED

rlans are being worked u in this
city and In Brasil for the execution Of
n Of the greatest financial coups In
White Management Corporation. a New
York engineering and banking company,
are under way for the gaining Of N
troll Of all the Government owned rail-
way lines In Brazil, capitalized At more
than 500. 900. 900.
These railways. although owned by the
Brazilian Government and officially des-
ignated as he Brazilian State Railways,
are operated and financed by foreign
companies. mostly Of British and French
origin. They are sadly In need Of new
funds at this time to carry on necessary
development and to provide for the re-
Mobilization Of their equipment. Owing
TO the war they are unable to obtain
this money in Europe. AZ a result they
have turned to the United States. the
only country which has money to spare
for such purposes. II Is probable that,
II the negotiations are successfully con
cluded. these properties will forever pass
out Of French and British management
and will hereafter be operated and
financed by Americans with American
funds.
Not since Percival Farquhar. AFTER the
failure OF his scheme to establish a
transcontinental system In this country.
entered the South American field with =
plan to link together Brazil. Paraguay
and Uruguay with IN elaborate system
Of railroads and steamboat lines. Il Is
said, has such an opportunity offered
ts~.tf a. AnAl,... ula 49, --A--n.l-.
as does the present situation In Brasil.
About 1000 Miles Of Track.
Indeed. it Is believed that the proper
ties which the J. @. White Management
Corporation plans to finance and prob
ably operate are even morn extensive
than the FarQuhar properties. consisting
as they do of some 5000 miles Of rail-
road radiating in fam shape from Rio do
Janeiro.
Members OF the J. q. White corpora
ton. when questioned yesterday regard
ing their entrance In the Brazilian field.
would say nothing regarding the re-
ports. They admitted. however, that
ports. They admitted. however. that they
had formed within the last eight months
a new corporation. known AZ the Latin
America Public Works Corporation. for
tne purpose OF carTylIB on oevoiopfHeH,o
In South America. This concern Is capi-
talized at 1000. 600. 4 majority Of It's
stock Is held by the J. q. White Manage
ment Corporation and J. q. White Il Co,
Ltd. OF London. The Latin America
corporations special agent. J. W. Nc
Crosby, is now In Brazil. and. II was adj
mitted at the offices OF the j. g.. White
Management Corporation. has broad
powers to act.
The negotiations OF the ]. q. White
Corporation are being conducted directly
with the brazilian Government. II Ia
reported on good authority that the plans
nov under way provide for the aking
over by tho j. q. White interests which
are closely allied with those OF J. +.
Morgan 4 Co, Thomas w. Lamont OF
that firm being a director OF the ]. q.
White Management Corporation. FOR a
satisfactory financial consideration OF the
u%uexpired leases OF the Brazilian rail-
roads held by French and British inter
ests. The brazilian Government would
then turn over tho lines 10 ne Ameri-
cans. allowing hem to 90 ahead with
such reconstruction and new financing
as fuay be necessary,