Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1880-02-24
1u1 81. PAUL PURCHASE.


EV0VV6O 1UVtS ~ TA
Sioux City JohrrRi.
The st. Paul papers OF the goth throw
little additional light on the tr'psrtite
consolidation, whereby the st. Pau ana
Sioux City, Chicago, Minneapolis ana
a.. Paul and North Wisconsin railroads
are merged into n management. Inc
whole matter has y look u~nfavorablo to
ST. Paul interests aud the citizens are
a.;tated and uneasy. There is no con-
cealment of the fact that the change is
exceedingly regretted, in the fear that
the change bodies no good to st. Paul and
Minneapolis, and there are plenty to
contend that under the control of foreign
capital the Sioux City road will become
a part of the system which tends. to the
building up Of Chicago and Milwaukee
at the expense OF the leasing cities OF
Minnesota.
The Pioneer Press of the Goth says that
the general anxiety has been increased
from tho fact that the directors and rail-
road officials of the St. Paul and Sioux
CITY at ST. Paul have been kept in pro-
found ignorance of the important arrange.
ments which we're first made public through
the Chicago and New York specials to that
paper, and it was only the day previous
that ANYTHING like aulhorjtive information
could be obtained, though the consolidation
was effected near a week previous. One OF
the latest report. is that E. +. Drake will
be president of the new combination, which
is at variance with the previous m that
the place would be rendered a prominent
eastern railroad man.
A New York special to the Pioneer Press,
dated the 18th, rejterates the report that
the move throws the management Of the st.
Paul and Sioux City into the hand. of the
| Northwestern, but the paper editorially
says there is no truth in the rumor, and in
sists that the interests of St. Paul have been
in no way sacrificed or compromised in the
new arrangement, though this statement
hardly harmonizes with some of the fears
it gives expression to. David Dows, one Of
the principal maniDulators Of the CONSOLE.
dation, il a prominent director in the North
western, but for all that it may be q move
independent Of that organization.
What people are chiefly Interested in
ia the effect the change in management is
t. have upon the Nebraska extensions plan,
ned by the S.. Paul and Sioux City COM
pany. Gen. j. W. Bishop, general manager
Of the road, returned from New York on
Thursday. and he empbsticslly states Ina,
there will be no change in the general
policy, and that the negotiations have only
meant the enlistment OF additional capital
to carry out the existing plans Of the st
Paul and to further new enterprises. In an
interview with a Globe reporter Gen Bish
op said: I'VE have been getting friendly
aid, and in securing this new element. NJ
interest in the system represented by tn.
St. Paul and Sioux City has been eliminated
but every distinctive feature and every ligl
Of the road. aud through 1.-THE RIG hts of th,
city in which it has received such hearty
and substantial support. has been protected
All the extension projects decided upor
before these negotiations were in~supursted
will not only be carried out as original,
intended, but others of equal il not create
importance to the 81. Paul and Sioux CITY
road, and to the city Of ST. Paul, will be in
su sursted and carried forward to an earl!
completion, the result of the increased cap
ital secured and ability to do 90.