Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-12-06
GOULD's GRIP.
It has frightened on Another Road.
This Time the Narrow Gauge.
He is also Reported to Have Bought
A Big Block of c. & A. stock.
From the Kansas City Journal.7

[From the Kansas City Journal.J
Gould is still buying railroads. His
latest purchase in Missouri is that of the
Kansas City & Eastern. better known as
the Narrow Gauge. 1t will be remem-
bered that it was reported several weeks
ago that the Burlington & Southwestern
had been negotiating for the Narrow
Gauge, but had not been able to agree
with the owners upon the price. The
report was in the main correct. The
Burlington & Southwestern wanted the
Narrow Gauge, and tried to buy it, but
did not succeed, and now this property
has fallen into the hands of Gould. The
negotiations were closed few days
ago, Could buying enough of the stock
to give him a controlling interest. A
meeting of the stockholders will be held
in this city next Wednesday,, at which
Mr. Gould is expected to be present in
person. The company will be reor-
ganized.
The Narrow Gauge is 43 miles long.
the eastern terminus being at Lexington,
and cost. including equipment. $780,
900. The amount paid for a controlling
interest is not known. but it is under
stood that the property sold well. The
Narrow Gauge is doing good business
all along the line, and is the principal
outlet for an lnexhaustible supply ol
coal at Lexington and in that vicinity
1t Is suggested that Mr.. Gould bought
the road to keep it from falling into the
hands of the Burlington & Southwestern
or any other company. However that
may be it will pay him to operate it in
connection with the Missouri Pacific, 8
branch of which also runs to Lexington
from Sedala. AS coal road. it can bt
made valuable addition To that part o
the Gould railway system which center:
here.
The journal has it from the best au
thority that Gould is about completing
an arrangement f + running Missouri
Pacific trains from Atchison to St. Jos
eph over the track of the Hannibal s
St. Joseph. This amounts to a virtu,
extension of the Missouri Pacific iron
Atchison to St. Joseph.
Another recent purchase of the rail
road king excites smile whereve
mentioned, though all understand tina
he has some object in view in buyin
what is known as the 'Corkscrew line.
a road bed In Doniphan county, ,betwee
Wathena and Atchlson. Just what b
is going to do with itdoes not yet appear
When Mr.. Mitchell. president OF tn
Kansas City extension OF the Chicago
Alton, was here few days ago. he CAV
the report that Gould had bought an II
terest in the Chicago & Alton broa
denial. He said Gould had not bougl
any c. g. A. stock. and that there wa
no prospect of his getting control of tn;
line. Yesterday. however, a gentleman
; who makes it Il point to keep posted
y railroad matters, told the Journal th
he had reliable information that Gou
has obtained control of a large block
c. & A. stock, agreeing to pay earl
ings to the amount OF eight per cen,
d and that there shall be no change in IL
organization of the company.
A Journal reporter was talking to
'e railroad man yesterday. who holds
prominent position, and who has studio
the railroad situation in the west for t,
- years or more. when this gentlem
I" said: I'm going to make prophec
The Kansas City & Council Bluffs W
tall into the hands OF the Chicago, Bl
~ lington & Quincy before very lor
That will give the c., B. & Q. Kaus