, 1870-05-12
RAILROAD CONSOLIDATION.
A Continental Railway Predicted

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The New York press agree m regarding the
recent election by the Like Shore i Aich-
gan Southern Road n indicative Of gz=..1d
scheme Of consolidation, to resch from ocoal
to oceAn- We quote:
F5pm he Sese Fork Times.
The changes IN the Lake Shore allnninis-
TRITON, at the annual meeting, 1t Cleyel1nd,
| of the new men brought into control, are be-
| 6eyed to point to = combustion, Offensive and
defensrve, from New York 20 Omab2, tho
! powerful interests of New York Central. Lak3
Shore. and koek Island being in atcord,
aao, m;!i1eeiy, u the Chicago i North
| s1on be tus, It would seem to contradict the
Eumof OF !ast winter, that the Penusylvania
Company bad secured an alliance with the
Rock Island At all events, the managers Of
the last-named toaa, through largo owner
ship recently acquired in Southwestern, azo
supposed to command the - situatiun wcst Of
Chicago
From The y<au FORK Tribune.
We regard the election Of the otHcera OF tho
Lake Shore i Michigan Southern R1iIsav, yes
te1daY, at Cleveland, IS an important matter
to New York, - it secures the immense travel
tioas to this city Other interests, not OF Now
York, have been looking after hstconnection !;
now We have secured the traffic of the C.. c.,
C. i indianapolis, the Toledo, Wabash
l. Weste1n, with their connections, for
this city. and thesa long lines Of internal
business, are secured to our roads aud to cur
city and this is Cause OF congratu1a:ion in
this day Of enterprise and st-ife for trade and
commerce The Lake Shore, the G., C., c. Il
Indianapolis, the Toledo, Wabash i Western,
The chifsg9. &c; Ba.lnSsoa B ID I Quincy, the Chi
western. the Atlantic j Great Western. and
the Milwaukee i st. Paul are all important
feeders Of tha Ezie and the n. = Central and
Hudson, and these Ines all belong to New
York by reason OF their connections and mau-
agement.
Fyp4n kad 4St1n Tork EovM
The plans OF the great Railroad King, Com
modore Vanderbilt, are IN process Of slow but
steady Development The Lake shore election
Mt Cleveland, yesterday. is 4 another step
from the Atlantic to the Pacidc coast.
:. There are, it is true, two corporations, but
IN reality now only une great controlling
management, from St. Johns Park New
iosk, to Chicago. Yesterdays Lake Shore
election contaminated this great result Tho
Lake Shore election was in tho interest Of the
Vanderbilt party Mr. Torrance, tho Commo-
dores aon-in-law, will now return from Europe
and Assume the management in detail OF tho
Lake Shore Road.
will probably take place in June, by placing
the Rock Island, Northwestern, and St Paul
Roads-the three great railway corporations Of
tire West-under one management, that of
Commodore Vandethi1t- This will form vir-
tua1 consolidation OF these three lines, practi-
cal1y consolidating them with the New York
Central and Lake Shore
II Vanderbilt and his party have fully deter
mined upon consummating this scheme, it is
folly for the public to shut their eyes to tho
future, or to argue thatit cannot be carried out,
for the Commodore has l1initab1e resources in
cash, credit, power, influence. aud an indomit-
able iron will The notion of 50 per cent digl-
dend On New York Central was 1anshed at
when first broaebed, 81 d visionary suggestion.
The Commodore, however, has paid not only
SO Per cent, but scrip dividend Of over 100
per cent, on New York Central and Hudson
River, and Is now paying 8 per cent cash di7i-
dend, both On the scrip and original stock
It IL well known that Vanderbilt, Tracy,
Mitchell, Sage, Baxter, and a few OF their
friends control the Rock Island, Northwest
ern, Milwaukee A,St- Pau1 Roads, aud that this
programme OF general consolidation OF tho
three roads, in haIuony with New York Cen
Inl and Lake Shore, will be ultimately con-
summated-
With these 1000 miles OF road west Of Chi
eago working tremendously to throw all their
traf6c over the Lake Shore and New York Cen
tEal lines, then it il estimated in the pro-
gr7mme Of the Vanderbilt and other great
railway magp2tes th2t the shares OF the Lake
Shore and New York Central Companies Will
be worth at least 1875
The preceding win furnish our rcaders with
some ideas to direct theit Judgment in regard
to the future cpurse OF the stock market