Show FOR A WHOLE T RAILROAD iA r i Scheme cf J Pierpont Morgan to Scoop In tna Ie I Baltimore and Ohio y < CAI I 0 0dr 6dy LOS ANGELES TO SALT LAKE BY RAIL eVo i h InWI WI I Hor rlk treat the Noad 10 8nlrrn tit and b lu to Cont WI th if bf tlurt tine at Illlroiil U An Associated IrcBo dispatch from f I 6 New dkO today Sept 27 says that It life World of that city announces that IS q J Ilerpont Morgain In about to popage Is In u struggle for tile conlrot Ir the Ill Ad A Baltimore nnd Ohio inilvuy The light 0101 1 will como offer o lobcr 1 when Mr no 11 Mornnn according to Rood authority tie will try to seize the nopcily through G ell IN I foreclosure proceCdlnes In The receivers of tho road will In I CI both of the Baltimore Interests nnd r cTtaln Nivv Voik Interests endeavor sato sa-to forestall Mr Morgan On October I I tile Interest coupons on H7U00 of r1 1 londs of the Chicago division the th main line held by J P Morgan and company vlll have been three months raIn ra-In default Under the agreement made I I h left Iolgal area company took the i bonds foreclosure rocccdlnes could I o Iroodlng cnuh ISO nol begin unlll ninety days after such It I wsr detauli U rrIII t is asserled In Wall street that Mr Morgan will lose I no time In dt beginning suit lo lake the road Ill That Mr Morgan has been Waiting br I for tills Is shown by the fact that al xpr though Chailes II Cosier of the I net inking house like I secured permission I J for tile Federal court for receiver c e hll for thoo branches of the rood In Sir Ohio million And Illinois n receivers II have wt been named Mr Moran lerl does liot wnnl 10 tko control of n lot lit of nonpayIng branches Inle lie can cot Ml tit main line It Is I said In Wall Ie file ec that Speycr area company who r Inv advanced money to the llaltl nc mOle and Ohio company And the Italll 11 moi Interests rei rcsenled by Ihe re M ceivers will oppose Mr Morgan tooth a a and nall Their plan It Is I said will 1 I be 10 default on col tain Interest pay 1 f mentA duo October 1 to other parties 00 nnd thus give on opportunity to con hr car he Molgan suit for foreclosure n Up 10 the Present the reer of ne the Baltimore and Ohio have defaulted dful ed 10 the extent of about Jl000000 of 1 tho annual fixed charges In Addition los dividend amounting to IjCO tie 11 nlnUm have boo passed nod to re mnln 1 unpnld till the < Washington am bratic slid Ilattimore 7 brlch nld Ballmoro and Ohio pro erred Blocks ao This gigantic legal battle will be hit between J P wi 0 helon 1 Morgan Rod company to nnd various capitalists who are friend I II to that great houso on the one side I It ill what may bo termed a syndicate the at members of which In part are Speyer I I and company and other prominent New York bankers on the oilier 0 ranged wllh them the Ilalllmore later V n ota in the road It can be staled In conclusion that aI I tonclllon the Ilalllmore and at Ohio will be retained In Its entirety as 41 It t J a system hut nt this Ume there Is I every rlon 10 heleve that I I IM I a land ultimately company directed by J 1 Morgan I I t to A null of the Union Tiiit compLiiy COl IY of New Yoilc trustee of the Haltlmoro 11 anti Ohio 5 per cent of 1V5 PItlsburg it nnd Connellsville second consolidated 11 montage for foreclosuie of the Inert I mor aMi > B which was enteied In tile Unl rl Ud Stales court In tills city a few days I ago In which It Is J claimed that the 6 110000000 Haltlmoro and Ohio lives th 0 1O are a lien part pirru wllh the 1 JJJCOOOOO eonsollduled 5 per cents of ill US Is I by far the most Important con oil troversy which lids up to this time is ailseli between the creditors of the Hllllmore and Ohio company and because I be-cause of the large amount Involved the result will have a very Important u bearing upon the reorganization of the property r The suit Is I the result of the default of Interest due Aug let on the bonds 11 Issued under the mortgage The mortgage 0 mort-gage deed provides that In case there I shall be default In the Interim pay He lell for ninety days the trustees shelf t thpmorf shal foreclose the mortgage upon tile mrtt I tel request of the holders of onefourth it of tile bonds outstanding A large num IV br or the bonds fanned by thfl If Itallfincre and Ohio the bill raym I are Ill tile bands of Speyer and earn I pany New York bankers Since Aug I I18J6 the bill also Bay the trurtten V has I Inn directed by the holders oC I neore than onecluarter In ainount at 11 the outstanding bonds to take the riftefiBaij slots to foreclose the meet gage r In this portion of the controversy J e It Morgan and company the inercall tile trust company of NeW York anti receivers Cow en and Murray appear to t be on the not side and Ilessrs Speyer and company In position lint H 1 a I anticipated that when It comes to a final settlement It will bo J P Morgan and company against the field J 11 Morgan cot only reprerents the i consolidated mortgage bondholders but tlio Sterling and other Inortgoices vhlch are prior liens to tile consolidated consolidat-ed mot tgage nnd unless name compro Mina In reaclied will It Is understood untagonlze arty plan of reorganization I vhith mny be offered by the receivers I It Is stated on the authority of a inker nho Is largely Intereted in Ilaltinnom and Ohio bonds And other FUrItievi Italt Ao n after receivers Cowen and Murnty took charge at tllq property J P Morgan and company verr solicited to take an active filter art In the affairs of the company and to advance the necessary funds to put ot the road on it sound basis and thut i I after R culNory ownrafriation of the nffftirn of the mad Mr Mrrgan detUncd to Iyet nor ninney air toar t I meet whom he named were retirtA treat the cononanys mervico These xtre John J Cowen long the general counsel of the roulnow note of the re eHvers n It moon and William F I rick of the board of directors And Thom I Ultia second vice president s I Of those rmntioned Mr Frlck father InInw e r the take Robert Garrett mid I Mr King dronlwl nut month Boat and Nfr Ilacon mill It Is no longer dinled go about November 1 Mr Morgan i domand Alas derlined nt the time It man made filed Speyer mul company and serne other Now York bankers Place were Induced to take Mr Morgans |