Salt Lake Telegram | 1902-04-12 | Page 1 | Control of L. & N. Said to Have Passed into Hands of Southern

CONTROL OF L. L Ne SAID TO HAVE I S PASSED INTO HANDS OF SOUTHERN NEW YORK April 12 As 12 As a result of ot several conferences here today there Is a t. t very general conviction that control control con con- of ot the Louisville Nashville road Zoad has pas passed ed or will pass to the Southern South South- em ern railway The most authoritative report dealing dealIng dealing deal deal- ing with the recent course coulse of ot Louisville Nashville is substantially as a's follows Fome time ago Southern railway in- in tel tel-ests alarmed at the increasing strength and prosperity of Louisville Nashville made an offer for a majority major major- ity ty Interest The offer was declined l so o report has It by foreign holders of Louisville Nashville who held the balance of power Recently when Louisville Nashville Increased Its capital stock by Mr l Gates and his associates saw an opportunity to squeeze the insiders by buying in the market and creating a scarcity In the stock stork Banking Interest In which the Moores are especially prominent have been beel heavy heavy buyers huers of ot Louisville Nashville Nash Nash Nash- ash ash- yule ville and one bank In particular Is 18 said to to have hare c called lIed a a. number of ot loans this week so 50 ns to accumulate the money for or its purchases of Louisville stork stoCk Wall Wail street strett believes that some sort ort of ot ofa ofa ota a community of ot Interest d deal al between between be be- he- he tween the Rock Island and the South South- I 5 I ern em railway will follow the change In Louisville Na ownership The Evening Post says All indications seem to point to the tle fact that the control of the Louisville I railway is now so held that it can be turned over to the Rock Island rail rail- way There appears to be good foundation for the opinion that Mr Gates may now be In a by throwing his stock one way or the other to decide what interest shall hereafter control Louisville Louis yule ville Adding this to the Evening Post says Post says the Choctaw road was purchased for fOt forthe forthe the Moore interests by Speyer Coas Co 0 as part of ot the plan for tor Rock Island extension ex ex- tension I