, 1880-02-16
Tho New System Of Management by Pool
and Combination.
Growth Of Roads and Eusiness-New Alliances
Rise In Value ol Stocks.
yast Debts-lnaated and iFatertd Ststks On Which
Tho Public Is Aads to Pay interest.
1iwt1p flerd{ft.

IatIIHA III ulaSV gVuuECA suo PflCc " lFAIlHpnENs
tion to go per ton, and n fnrthcr reduction was
euu madc To n ucr ton. Tho tust OF tr,napprt-
ire, SOW, ord ,sh"n. w ,rtn.r hI.,h,.n,. ,.a
not lcas thnn 20 cents ton per mile. The cost
oftrnnsportation by rnil IL ordinarily ono md a
qu"rtor cents per milo. The money savc'l by tho
ut1t.n ~ ,"aou 40 aupte"eu w
ne mV'uea between mo produeer anu me con-
simcr. Tho railroad tuflcaRe Of to-day IL cstl-
nmm' n. sepfesehs!ns va!se or sovun:oN'uo'
aacse 10 o,g nsolesi ,, AZ tno e.oee .. ths cen
N our whole territory ratio half of what now
exists In Illinois, we will bnye u,ifoauo Of l00-
ON. carrying Il t,nna,,e and value Of Trutvhl nf
au'' gfoatcr propoft'ons.
THE nAtli.oAp INTEREST.
An enormous capital has been Invested In the
railroads nj the Ijnjtet Htntrs, Mixing aj,nw.
nncc for ni wnterc1s, atnr,f thor, viii ve, ~.
vG m"'n y, tcF" w Se1 fo ~
tho of tho @ ao'n.rx % n n,nrt~ f
tbls sinulc tfcscr,nton Tho rccent trt,nn,,I1o,,s
hut r,nrn,frcnt ,nnvctncnt rno5e IN Tho rra nj
rsi,coa,l b,mrd n tho slape of Sasoliaations or
1T ~ aa p1srstx IT, xust @ .ae ,a, eanta thr
nslt two rrsrs ~ ,,,ira m ,ra ~ y iMcs IT, -
p, ssn',!tlop, gnscq.,ert9pon tho imam
@ Enarnns @ Ai s,1s of oney hayo Been % Io.t ' n lii
n, ,i. ~ ~ n = ,s q III 1s,n T. III pritss
~ ,trf.a, % ~ ~ !nt3 WY 70 ~ - H.
t. . nu s'aa values g. !esn
,ss ,rr.',,, ,a WHY. III. I'm, ~ ~, m .nM,; u.
tno u!!nr1annt @ ;sia to f.o 1T p present
ps havo I recvcre s I 1para . thin S oneaSulf Of
i ihsi1 il, ioss in va,ae: but Whether present
risn,a te ,nc 10 ,, soo t exten,, st 1sed 9
is;a tb contrv has ae ,arSev tn ~ pno sSo
4tI$nis i,a5 ;n Pss ss1 y IsSst ~ ssEs Hey @
t Au1is s, nnc u sa.ao. . suppnsing tnaL, " Mo
% and the " r1tio IT, ~ ';,t,ntin IT, eaI,w%,
,r sI uMsG e., " n1'lTn , u ~ ~ @ tn
m!ics. "ss'es"'' ''''s'' u ''''eS Will Do i'''''
'''''''' THE NEW RAILWAY sysrrn.
This new system really begun il August, l1?s,
Sus as Kdn sye Soc @ oSf?sH snx If ne
%Ay" and ,.Rolug SLOW" Something like thirty
w. rni!soas q ae ~ the new sys.
by which they were once known. ever. two
ntonths HOT aKo. they n5s nyotyetl ~ In The comtina-
@ ti"i McssTs j., sanaert s ssott: Gsild Jcwett
tendency which forces railroads Into COM
a4 I'1 rc l!wy tn S ill., Or 1 s Ea tSt
even the trand Trunk Of Canada coming Into
tM9 arrEesns ;f T. ayinx , sharo tG , kecR II
Railway systd,n 5stweo tho Atiantic const ea and
tho Mlsslssippl RtveE WIS under the absolute
control of four men. Tho motto Of these tnen
bus!rlcss.m, hut that aFrccncnt was not kept, OF
coirsc. Tho roatls WHICH bnth d0ll1d asd tAn:.
aerb!!t ta1ied 10 co9tnnl haES since beGn snnhIcd
up ny these men. vanderbilt began BY tnktnx
tno L9ke LIZ shorc and Mlsalgln Centrs!. the nIst
iix for n ln,s!ncss mt ln.IIe e,,purh for Iva.
i.nke shnrs stS,ck IN is77 sofi ~ iov ns iB, In
iSS IN july. at d.: md in Febr,,nry. lgst. Il loi
vi VIII Il A. An I per rcn, ii aiveu % in ss ,o nrn,s
wcrc Sl .$i with dividend of Der cent it is
obviot,s taat vanderbilt nnderstdod I'D Ills bis busi- +
III II 1wIfh Tfha WiNhj,ras' f@nwt r,l hnas +ho