| Show HOUn Time Tho of the Cho Probable New NI York Jan dispatch to time the Tribune from Ildon London says The reconstruction ot of the London Go Globe finance corporatIon lon now seems probable as a result of at tire the reent recent flurry nurry In tire the raining mining market and time the failure of oC sixteen or twenty operators A t scheme I of reorganization hu has been accepted In n I principle by br creditors ot of tire the corporatIon and Lord when a meeting ot of the shareholders II is hell held this thit wok week wi will ProbablY m be to pre present i sent n a more favorable statement melt ot of 10 ha and resources than his hues ben been ox eX Strong interests are behind tins this movement since tire the Wt West Austral lan Inn market has bon been and other undertakings h hare beel been b by the ot of the company which wal was a 1 group roup of overcapitalized over oer capitalized enterprIses I I Lord Dufer In anti his friends en can convince the tho shareholders that there thoro has not been mIsmanagement to Fa say uth Ins lag ot of fraudulent n a legal Inquiry 00 may be avoided and time the company mi may be wih with or winding ot of the voluntary up tire the business The and share hare shareholders holders wIth tire the o of chI the creditors ma may time situation luRton and n a new Ind nd speculative of stock pr pro mating mR may escape dote scrutiny Humor mongers interested tel In helping on this inure hoc ben been dl disposing ot of the and street under underground ground to varIous Alous Time The Yerkes syndicate was time the first wih with bu buying the contracts ot of flint enter enterprise prise held by the London and secondly Lonn railway winch had virtually supplied the capital for tire the Waterloo City llO line was to have purchased them Tires nt mutt having been ben con fIrmed a second ot of capitalists tl ha his been ald and armed wih with for finishing this electric enterprise The Gobe Otobe moldings In prete trence Ald and 01 ordinary 1 nar ot of thIs up un finished line exceed 00 and time the total ehart share II iS like Tire The transfer ot of cn Con interests Is II clearly clearl lo too com coin complex plex R a matter to ie be worked out abrupt I II The ho processes ot of the elec lines urgently needed by tire the me Inc met t lols have become n a serious problem Ordinary investors are frightened fright ened by y time the cost st of oC the work nn and on can trot be baited b by I 4 pr per cent preference fhe projectors of these are aro hoping that good wi will come from tire the scientific inquiry or ordered by the board of trade respecting the vibrations nt at They are convinced that Lon Lord anti and hIl associates can ORn cannot Central London line not saddle upon tire the lne responsibility lS I II I for to inn In tire the West Welt Find from deep level thorns and amid the they are that tIre the methods methode ot of required by bylaw law wi will be condemned One ot of thee is II tire the Iron lining which largely Increases the cost of constructIon o tire tho tubes tubeR A 4 of tins time tho of the th depth ot of time the turn tun tunnell nell nels wOllI would tend to chepen cheapen electric ri rail railways ways below the surface can cannot ln not understand how either electric power or gravel gravelly strata con can be heM held nc ac for tor the Hn |
