Show MORGAN PLANS COMBINE OF RAILROADS IN SOUTH LIKE THE NORTHERN MERGER r f J J J. J L A- L LL L L i Harriman Is Believed to tok k- k H Have Hae ve Turned Over Illinois Jill Illi- JI nois Central Holdings J 1 to Morgan Interests k NEW NE YORK Aug H. H The H.-The The return of ot J. J Morgan organ from abroad It I 1 Is generally generally gen sen- In n Wall all street will bo followed fol- fol 1 lowed owa l b by I Important d developments v In tho Southern railroad world orld There Is la little doubt douht that lurIng during Mr Morgan's Morgans absence In Europe George W. W Perkins the tho genius of or the tho office of or J. J P Morgan Co when tho the head hul of or the tho firm Is If away has haa been cn at work worle on a 0 lan Tian n. n l' l similar to that of or the tho Northern Securities company compan for tho the 1 amal or of the thc Southern roads which Mr Morgan organ and his trend friends control con- con 4 For this reason Mr r. r Morgan Is particularly f lar anxious to to have hwe the tho courts pass as speedily as possible upon the thc le legality of or the tho Northern Securities company If It the tho t. t courts declare that a n corporation has the tho same right as an Individual to hold a n majority ma ma- of or the tho stock of ot several railroad cor- cor and control them to suit Its own policy and purposes the vIrtual amalgamation amalga amala mation matlon of or all alJ tho Southern railroads will wilt become an easy matter Would Release Millions Millions of or dollars which Mr Morgan AA has haa been compelled to keep tied up In the securities of or individual roads will wUl then bo bc released for other purposes Jn IIa Having acquired possession slon of or the Louls- Louls vIlio 1110 Nashville b by exorcising exercising his option option op 01 op- op tion on shares at ISO lLO Mr bIr Morgan Morsan I Is now trying to arrange a method o of harmonizing It with the Southern Railway and his subsidiary lines wIthout antagonizing tho the governments go of or the tho Southern States State near nearly all nil of or which have havo stringent laws against the amalgamation of or competing ing railroad systems Mr Morgan at the present time lime controls nearly every cry Important railroad system In lii tho the South with the e exception of or the tho Illi Illinois lili- lili nois Central and Seaboard Air Ir Ir Line a new system of or roads roach recently put together by John Skelton Williams o of Richmond Va a I. Quits I. I C. C Thero are arc retorts reports that E. E II Harriman and his friends hays hav haBold sold Bold out their majority majority majority ma ma- holdings In Illinois Central In ordel order order or or- der del to devote their entire time and money to the development of or Union and Southern South- South era ern Pacific c. and that their holdings have he been en turned over to John W. W Gates In time perhaps to find their natural re resting Dla In tho the hands of or the Morgan Morsan syndi- syndi cate With Illinois Central Included In the tho Morgan system tho the great financier would hold tho the entire South completely In his control as the opposition of ot S Seaboard board Air Line Is only onh feeble at the present time although h Its l sponsors are aro ambitious 8 men and daring railroad financiers c s TT TT T r RAIL RAILWAYS V A YS INVOLVED IN SOUTHERN MERGER 1 4 4 4 Company i Capital Mileage f 4 4 Southern Railway i lj 4 f Mobile 1 tc Ohio i 4 74 AtI Augusta Southern 82 f Alabama Great Southern Northern Alabama t 4 f CIa CIn N. N Or T. T P P. P f Georgia Southern Florida 85 f 4 Louisville Nashville f Nashville Chattanooga St. St Louis 1 f Georgia la Railroad fI system r 9 5 f Other lines loaned and lea leased ed is 4 Chicago Indianapolis Louisville Monon lonon Monon 60 O f Atlantic AUl n Uc Coa Coast l line 2335 f Plant System railroads 2180 f ff f Say Sav Fla West est 1665 4 4 E. E C. C L. C.-L. J of or Florida FlorId f Illinois Central System 4 St. St Louis San Francisco 1603 1659 4 t Chicago 8 East Illinois f |