The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-06-04
ooULD AeArNSr vAxDnRBrLE
Two Rnilrond Kings STRUGGLING for the Mus
terry Gouid's scheme for Trnnseontinen-
tnI Line Railroad stocks to he Affected.

tnI IlneLRntlroad Stocks 10 be Nnected.
Very few people properly estimate jay
Gould's wealth and power within the past
twelve months these have increased enormous
~: his losses have been few. and his profits I'M
mcnsc. OF course he was compelled to cNpcnd
great deal Of money in Washington during tho
winter for which he has received unsatisfactory
returns; stll he has added largely TO his wealth
and influence In the acquisition Of the stocks II
Western roads which have appreciated many
per cent. He is Mt present the largest holder Of
Chicago and Northwestern. Of Chicago and
Rock Island. OF Union Pacific. Of Kansns Pa
cilc, both stock and bonds OF Colorado Central
and OF the Utah Northern. Southern, and Cen
trail He Is also the third largest Older OF
Western Union Telegraph. the first two being
Mr. William II. Vanderbilt and the Hon. +. d.
Morgan.
Little over one year ago Mr.. Gould's chief
holdings were Of Union Pacific aud Atlantic
and Pacific Telegraph stocks. lie controls ut
present about five thousand miles of railroad.
and holds large lines Of stock nnd bonds in the
separate properties. Mr. WIN. II. Vanderbilt is
his only rival in railway ownership. and whilo
he Is the largest out-and-out owner Of railroad
stock and bonds. Mr.. Gould probably holds
about IA many shares on margin. Mr.. Wander
bilt controls the New York Central. the Lake
Shore the Michigan Central tho Canada South
crn, and. IL IL understood has the refusal
OF the Atlantic and Great Western. lio
controls about four thousand mil es Of railrond.
or WILL II successful at tho Michigan Central
election. Mr.. Vanderbilt can dictate terms to
railroads cnst OF Chicago: Mr.. Gould en- make
or break the tariffs oil the great trunk lines
ncross the continent. Mr.. vanderbilt r'oliz's
the danger Ia which lac ia suijuctel Low jay
Gould'S STRAIT ngical position. and hus hr"n un-
firing ui late In his Efforts Ia prevent him from
getting connection between BuilulO and Cui-
gngp. II is to thWHr Gould TINT y" his bought
Michigan Central. Canada southern. ultained
the refusal oi the Atantir and Great western,
nnd nurriuscd short INK ~ the Chicago uili
Port Huron Railroad. which a. Is now trying To
obtain possession Of through the medium 81 II
Western court
In fact. there Is but one road left TINT Mr..
| Gould could possibly get tho Toledo and Wa
hush-and 1t is doubtful whether il could
great ST ' t6roasR lnc u''' II Mr. Vanicrbii
surcecds IN preventing come ton be-,
! tween the Erie Hallway and Chrngp and
North western and Chicago and Rock Island
! IN the Gould interest H. Will probably demand
! that lake Shore and New York Central form the
eastern end q, the grcW thr9ush iIhr. u h" Il
| unsuccessful Gould viii be- likely to inlur' his
| properties greatly. Mr. Vanderbilt can du iit,ic
| - inluro ms ndv"rsnfy save IN the way 81
! breaking M any eastern connection. His an
! tagonist nan. bv turning the freight and pnsscn-
! gers 90 Chicago and Northwestern Of Chitp-p
! aud Rock Island. and of Kansas Pacific over the
/ penn- vlvaniu Central or the Baltimore and
/ ono, ini.ct serious damage upon Lake Shore
Tho situntion. To- say the lcnst Is y singular
! one: aud yet. ut the last moment. Mr.. Could
! may step over To tho Grand Central depot
/ and IN IN hour make millions 10y joining the
/ vanderbilt party. rs he did in Western Union
! last summer
But Mr. Ooulls power 10 make or mar is not
/ MON" Interesting To- holders of Lake shore and
| NV York Central. The Chicago. burlington
! nnd Quincy and the Milwaukee hnd ~. Pful
/ HUlr1ds run noury parallel for th" rr.p''r
/ pIu of tho distance with the Chicago uld 10 d,
/ Islan amt the Chicago and Northwestern r'-
| sp"t,yey Mr.. Gould has l"ok"l with di-ryor
/ upon bath oi tho former ,urunrdtions for rry-
/ ,rul years and "a diversion of tho trHfit of
/ Union Pacific over Rock l-lrnd and Northwest
| "ru. und lowering ut lu0il rates go roWpetlfiy"
! points. would burst The Iowa pool that has bern
! in rNi,trn'r Tor six years, aud knock the prices
/ of lltesc stocks many per cont.
/ Tnrrf rs no Immediate danger ~ this. Tor he
/ la. mot yet MARKETED u sufficient quantity IL
! Rock lelani and NnrjhWtstern. As soon ~ h is
! bug IL cmuii'd of tines" slorks. IL might not De
/ unreasonable To- expect that he would try 90 got
Thorn back cheapcr, ami also break down Bur
/ liugion and Quincy and Milwaukee, and st.
| Paul. The Illinois Central would probably
| como In FOR ahgr" ~ attention. II win be- both
| instructive and interesting 10 watch the vel
| opmonts OF the next few weeks. ms they will
| more clearly define the positions OF both Jay
Gould and VIM. II. Vanderbilt. SrIRADOUr