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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 16, 1902
Page
1
In a Wall Street upheaval, the Southern railroad secures control of Louisville and Nashville for around 120. Morgan interests now dominate L and N operations, with Gates and Belmont factions shifting positions. The day features record Southern and L & N trading, with Rothschilds and Morgan allies purchasing large blocks as the market weighs the new boardroom power balance.
New York April 15. George W. Perkins of J. Pierpont Morgan & Co. states Morgan bankers will take control and deposit stock purchased by Harris Gates & Co to relieve the general financial condition, not for any railway benefit. August Belmont & Co. consented. Belmont approves Morgan control, denying Southern Railway any interest in Louisville and Nashville. Spencer of Southern rejects any future involvement with L and N.
In an eventful day on New York and Southern markets, John W. Gates and associates gained control of the Louisville and Nashville property from the Belmont faction and engaged J. P. Morgan & Company to arbitrate disputes. A Morgan led conference unfolded before 11 am, with Perkins, Hamilton, Belmont, Spencer, Hawley, Gates, Taylor, and Stetson among those present. Gates announced purchase of substantial L and N stock, insisting it was for investment, not speculation, and said there would be no corner in the stock.
The Augusta lockout over a King mill strike draws legal scrutiny in Columbia. State Solicitor Thurmond contemplates action against mill presidents for criminal conspiracy and combinations to coerce workers, asserting operatives stay within contract while mills seek wage pressure and labor displacement. Governor McSweeney is urged to intervene as cases focus on enforcing anti conspiracy laws.
The Convention of Editors opens in Hot Springs Ark with about 600 members present and more arriving. Delegates from the north northeast and northwest attend. The Iron Mountain special arrived with ten Bullmans and over 800 delegates greeted at the depot and escorted to Eastman hotel for headquarters. The first session begins at 10 30 o'clock in the Park hotel pavilion with prayers by Rev Julian Brown an address of welcome by Major George R Belding and talks by business leaders and government officials.
The twenty seventh annual convention of the Amalgamated Association of Iron Steel and Tin Workers opened in Wheeling West Virginia. The body went into executive session and appointed a credentials committee to review contested seats mostly due to missed strike assessments. The wage scale committee, meeting daily, will take about a week to finalize. A likely endorsement favors the scale agreement with major steel firms while intra party electioneering unfolds.
A large crowd in Eufaula Alabama on April 15 backed the Columbus Eufaula and Gulf railroad. Colonel Merrill led the session. W A Hawkins outlined plans. The city granted right of way and a depot site. In ten minutes $5,000 was subscribed. A committee of businessmen will canvass for more, aiming to raise $2,000 tomorrow. Payment terms are 10 percent on start and 90 percent on completion. Work proposed to begin May 1 and reach Eufaula within ninety days.
Havana April 1b A fidelity company posted a $100000 bond to secure the appearance of F C Rathbone former director of posts on his appeal The bond was refused at first but Rathbone s lawyers urge acceptance under the law and justice The court president has conferred with Governor Wood but no decision has been reached If not accepted Rathbone s counsel will seek a writ of habeas corpus
New York April 1 Attorney General Davies arrives from Albany to probe claims that the big beef packers conspired to raise meat prices. He cites Oneida County suffering and says packers may have exceeded legal powers, with potential restraint of trade charges and action to protect public policy.
Washington April 1 news records the selection of W. T. Knight as Richmond Va postmaster and the reappointment of General Stith Bolling as Petersburg Va postmaster. Bolling was backed by Fitzhugh Lee and strong republican support, while Maggie M Moora was reappointed postmaster at Yorkville DC despite local republican opposition. Moora has served since 1893.
A head end collision near Texarkana Arkansas between a passenger and a freight train injured two crewmen. Searsy Martin the firefighter on the passenger suffered internal injuries and Frank Hall the freight brakeman was badly hurt while several passengers were shaken but unharmed. The incident disrupted service with minor injuries reported.
Lang, a Houston state agent for the Houston Ice and Brewing Company, was found dead in a local Austin hotel room tonight with the gas turned on. It is believed a self-inflicted death, motive unknown. Also notes a birth for Countess Boni de Castellane in Paris on April 15, with mother and child reported well.
Four people found dead in Esther Kohen residence from illuminating gas fumes. Victims include Esther Kohen, 50, Henry Kohen, 23, Lena Kohen, 17, and Edith Flow, 16, with doors tightly shut and two gas jets burning. A visitor also present, date given as April. Police offer no firm accident ruling. Carnegie plans announce near Columbia College for a near million dollar gift to the institution.
President Roosevelt moves toward appointing a non partisan commission to investigate the conduct of U S troops in the Philippines following Senate testimony on the water cure and other alleged abuses. Cabinet discussion signals possible early action with a focus on fair inquiry amid campaign considerations. Secretary Root releases correspondence urging evidence gathering to fix responsibility for wartime violations. Court martial ordered for Gen Jacob Swath.
Partly cloudy Wednesday and Thursday with rising temperatures and light to fresh northeast winds along the coast. In political news the police board disapproved a key ordinance after a heated exchange between Commissioners Jones and Brotherton. General Torrance honored by Grand Army of the Republic. Georgia’s Democratic executive committee fixed June 6 for senatorial nomination. Legal actions loom as Macon Sash Door and Lumber seeks U S Supreme Court review. steamer City of Birmingham struck a dredge in Savannah harbor and all aboard were saved. Nationally, Roosevelt to probe alleged cruelty in the Philippines. Chinese exclusion bill faces doubt in the Senate. Russian Interior Minister assassinated. flour prices rise in England and African peace talks face a hitch.
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