  In this paper, we consider the elliptic collinear solutions of the classical
$n$-body problem, where the $n$ bodies always stay on a straight line, and each
of them moves on its own elliptic orbit with the same eccentricity. Such a
motion is called an elliptic Euler-Moulton collinear solution. Here we prove
that the corresponding linearized Hamiltonian system at such an elliptic
Euler-Moulton collinear solution of $n$-bodies splits into $(n-1)$ independent
linear Hamiltonian systems, the first one is the linearized Hamiltonian system
of the Kepler $2$-body problem at Kepler elliptic orbit, and each of the other
$(n-2)$ systems is the essential part of the linearized Hamiltonian system at
an elliptic Euler collinear solution of a $3$-body problem whose mass parameter
is modified. Then the linear stability of such a solution in the $n$-body
problem is reduced to those of the corresponding elliptic Euler collinear
solutions of the $3$-body problems, which for example then can be further
understood using numerical results of Martin\'ez, Sam\`a and Sim\'o in
\cite{MSS1} and \cite{MSS2} on $3$-body Euler solutions in 2004-2006. As an
example, we carry out the detailed derivation of the linear stability for an
elliptic Euler-Moulton solution of the $4$-body problem with two small masses
in the middle.
