, 1877-04-08

THE RAILROADS: y
United TuEY STAND. "a, d
The difficulties between the Chicago Burlng
ton e. Quincy and. Jay Gould have been amica
| bly, settled, and instead Of disastrous war be:
tween the Union Pacific, Chicago, Rock Island
j. Pacific, and Chicago g. Northwestern, and the
Chicago, Burlington & Quincy Railways, the
friendship and harmony. between these lines
have been more firmly :cemented than ever. The
pool between;the threez Iowa Zines will not be
broken, but, on the contrary, new agreement
| has been entered into, placing 1t .on still more
solid and satisfactory basis than It has been
heretofore. and it Is the opinion of the
managers OF these lines that this arrangement
/ will last for years. .....-
As is well known, The difficulty between the
Chicago, Burlington q Quincy and jay Gould
arose from the fact that Afessrs. Forbes and Per-
kins, gu behalf Of the Missouri River Railroad
| in Nebraska, made strong fight against the
Union Pacific in order to compel it, to ro.rate
| with the former from and to kcarneyz Junction,
This was stoutly resisted by the Union Pacific,
because BY doing 50 its mileage would have
been greatly reduced, and much OF its earnings
| taken away. Messrs. Forbes 7and7 Perkins, Or.
| rather tho Missouri River Railroad in Nebraska,
brought the matter before Congress with the
hope that the Union Pacific might be com pcllcd
to pro-rate-. Volu1ninous documents have al
ready been laid before that body, ard elaborate
and lengthy arguments made bY counsel of both
sides. TIE issue has SO fur advanced that it was
the opinion that itwou1d be taken up by the
next Congress IN the early part Of the next
session. 1t looked rs if the Missouri River Rail-
road, in: Nebraska. would carry of the victory
Jay Gould: and the other Union Pacific people
were in rage, and as last resort, they conl-
nenced y var against the Chicago, Bur|ington,ts
Quincy Railroad. Not because this line had any
thing to do With the war between the Nebraska
Road and the Union Pacific, but because :Messrs.
Forbes aud Perkins, the principal stockholders
OF the former road, had also large interest in
the Burlington & Quincy, and both held proni-
gued By Jay Gould TINT, though the Burlington lin or
tE Quincy was not making theswar d.
rectly, it was interested in the difficulty
indirectly, and could stop the fight il it desired
to do so. But, after awhile, tile Union Pacific
against the Burlington I5 Quincy had no effect,
because the earnings on the through business
Of the three lines leading from this city to
Omaha were pooled. Jay Gould at once set to
purchase stock ot the Rock Island % and Nor,h,
western Railroads, and suddenly it trauspirel
that he had obtained control of both. NOW, he
lad the Burlington Road in corner, He could
use the two lines against it and wage an. effect
i've war upon it. The sagacity of the move was |
ut once shown BY a large decline in the stock OF
the Chicago, Burlington & Quincy. But Jaw |
Gould WIS too shrewd railroad man |
not to see that war between these |
would seriously cripple all Of them, and there |
fore before entering upon it tried to gain his +
point in more peaceable and less expensive |
manner: He knew that il he succeeded in |
destroying the influence Of Messrs. Forbes and |
Perkins With the Directors of the Chicago; Bur
1inston d Quincy, the -in1uencesof this road /
would be exerted to stop the efforts Of the
Missouri River Railroad in Nebraska from
prosecuting its war against the Union Pacific.
To this end he bent all his energies. Hc COM
lington d Quincy, and it became known that he
had gotten control of 5000 shares which had |
been held by Mr.. Moses Taylor, of New fork and
That he was also negotiating to obtain control
Of the stock of Mr.. Green, which is in the mar
,et This alarmed the managers Of the Chicago,
q Quincy, who could see no reason
shy they should sacritice the interests of their
:oad merely to pull the chestnuts out Of the
Ire 1or the Nebraska Road. About u week pre-
Harris, President Of the Chicago, Burlington g.
luincy, went to Boston to confer with the
Directors of the line in regard to the difficulty,
md bring about an amicable settlement. H
aoqred aay and night, and finally succeeded
interests, =. and to him, in: great
Measure, are the stockholdersss:of the road
Indebted for the favorable turn Of affairs.
About week ago the new Board of Directors
H1SNAAA |
1t this meeting the real fight came of Just as |
PREDICTED by TIE TRIBUNE at the time Of the
nnual meeting. It was shown that the B,irIinr-
on would have a hard road to t1arcl against |
he powerful combination formed against t, and |
hat there was some danger OF Jay Gould get
ing control Of this line as he had obtained Of
he other two Iowa roads. Messra. Forbes and
'crhns saw they had been pushed into q corner
nd that it. was best to make CONCESSIONS !
Negotiations were entered into with the lines
ontrolled by Jay Could. = which: finally I
esufted IN an aInicable settle |
1ent between the contesti1g narties.
he Union Pacific conceded some rights to the !
llssouri River Railroad In Nebraska heretofore
enlcd to it, and the latter agreed not to further
rosecute its case against the Union Pacific to
onpel 1t to pro-rate from kearneY junction. !
his done, Mr.. Gould had no longer any eause
feel unfriendly towards the Chicago, Burlino-
IN s. Quincy, and agreed to treat 1t the same >f
5 the Rock Island and Northwestern Railroads.
new agreement for pooling tie Interests Of
10 three roads was then entered into Finally
1e old officers Of the Chicago, Burlington 4,
uincy Railroad we're reelected, and everybody I
as happy and: contented. Mr.. Robert Harris. I :
resident OF the Chicago, Burlington & Quincy c
turned from the East yesterday and is much n
leased that the storm has passed without i
shtning having struck. = =
.~<s.
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