, 1881-01-30
4uochburn's Emphatic Denial OF
the Sale OF Minneapolis 10
Northwestern.
n,nial Of Northern Pacific People
:. that They Mesn to snrrender>
to St. Paul 81:
,.1,rom ef. the Canadian Syndicate as
FORMULATED by the st. Raut
Members.
1ns;aa History Of the Great Continental
geheue-An Alliance with the
Erie.
, R,,, 1utx;iew uith Tho Engineer Of The. Job
Its Projectors aupts. :.

. M, 1uta,iew uith The Engineer Of The. Job
Its Projectors aupts. =:
rur CONTINENTAL SCHEME.
1hara is, evidently" "much cry and little
-, in the Continental Railroad scheme,
".s;o,, It is ALLEGED, is to run doubte-track
rn.d ~ mn airline from New York TO
nna,,a tSr with spur to Chicago No railroad
e..s,,,a has been proposed for many years
ssn tsnt +sceiyed 50 much putting within few
,s aa~. AZ {hIs cue, aud it is evident that some
one well yersed III advertising such sehe'nes
!. uniting IN good work with some Ee"spa-
~ writer's in New York, whence the seisa-
tjrnaI accounts are tcieEraphed 10 Tue leao-
tno Western papers. TIE TRIBUNE rev
Jays aso published {: long Interview WIN
shlnn Humphreys, President OF the "aoash
Railway, one Of the foremost railway mag
nates in The country, anu who. as @ leaolns
-np,,ner Of the banking firm OF y. II.
Worgaf,. T. Co., OF New York. is no
douht well qualified to speak intelligently
+,r,n s,,rh subiects.-.Mr. Humphreys Showed
ttat the building Of such road rs is conte1n-
,)nt.d by the Continental operators Is ell
trry iuprac,icable, and could IN no way
enuuete with the old established routes,
that The cost of its construction through Inc
u,onDtains of New Jersey and fennsylSalla
y,,uId be so high that Its projectors conlo
never hope to secure any Interest oil their III
vps,,aeut. Bcsides, Mr.. Humphreys showed
that road that left Chicago sixty miles to
The north, with simply spur to this city,
vop,d uroye of no benefit to Chicago but re-
r>ff f11tSi
polut- Since that time nearly every ral'roao
manager in the city has been questioned re-
zardrhs the feasibility Of the scheme, and all
asree with ar: Humphreys. and ridieuie tue
idea Ut Carrying out a scheme like that pro-
possd and make it OF any benefit to shippers
and producers, .o,,;,ar+ ;, ,,nooar
ofa Western .railrond, yesterday, that the
road was built ;ts proposed, It would prove
OF 10 benefit to the people. The regular rate
on Grain from CAicagu.to New YORK is at
present 70 ceuts. Now, il the MeW ROAD
would COME In and make rutt OF }o cents,
to the same figure, aud even ioWer, u
necessary. Thus bottom rates would soon
be- rearlst1l. anu the old roads, wiki their
large aud profitable local business to fall
back upon, would certainly get the upper
hand ot road constructed without regard to
pend almost entirely upon its through Dust-
ness The tinai OUTCOME twbllid. therefore
be that fiie PARTIES who lnyeSIeu their money
in the enterprise would either sell the road
to oneof theolt eenpane5 OF elttef"-lho
pooling Arrangement with the other lines,
which would leave th8 matter, as far as coi,l-
re,ttjun is CONCERNED, just the. saiue as II
no such road had ever been constructed.
i is not ut all probable that the parties en-
gineeriug this scheme are actuated by 4 sole
% In nf%rf TN hfTt TA
lief from the alleged railruad oppression.
Capitalists are not apt to invest thelr money
for any such purpose as that Another thing
which lou1s tishy about this matter IS the
fact that not single prutninent railroad man
OF capitalist is named III connection "l:l IL
lzed abuut ten years agy for file pntpose o.
building railroad from New York through
New Jersey, PENNSYLVANIA, and Ohio, as Tar
west rs Omaha. The same amount. OF blow
Ing about the Importance or the: scheme: was
aons aons 1nsn t rs S;c ana o} s6sne he
bubble, It has now been revived,
and the same old tactics are BE-
ing pursued. It Is claimed: that tha
capltal stock of the Company Is .Sl0o, W., ,oo;;
and to raise sucE an amount solne sollu
backing would certainly be i!eeded. Not q
single name Of prominence or financial stand
Ing can be found among its present OFFICERS
and Directors. As far as can be learned thelf
names are as follows: Jay I. Snead, tresl'
deut; S. D. Cozzens, Vict-President; 40.
James F. Abbott Chief Engineer; and Leyi
CnalnbeIlain, William StonebacK, Warren r
Noble, Thnnlas r. Johnston, IL s. Weus,
William Il. Wood, Rnbert S. Dwiegins, J. 3.
Stewart. and George E. harrington, Dlrec-
tors. Mr. Snead, the President OF the Com
known about him. James f. Abbott, the
Chief Engineer. was assistant with Mr: Us
ttrberg, the Rockford, Rock Island l. st
Louis Railroad wrecker. He was the
engineer and one Of the constructors
known about the others named. Thest
parties either mean to pursue the tactics that
were pursued IN securing tie money for the
Rockford. Rock lsland l. St lonis, and In
lerest English and German capitalists IN the
seneme, or else they are acting i'll the Inter
est Of solne one of the existing trunk lines to
gain certain ends or concessions"
MI. Jay 7. Snead, President and James +;
Abhott Chief Engineer of the Continental
ka'lroad Company, are at present IN the clty,
ana are donlclled in Parlors 3, ), !, and u
1land Pacific Hotel, to work up the schelne
az this end, and make arrangements fol
grating PARTON Of the proposed route: a
lAhCSE representative called upon them
Yesterday to find ont what they are up to, and
"lat truth there is In the published reports
az eueal was Eeticen1, and Woutt say
-. AtkCs 11E ellup!y StHteu LlSlt LIE SCnGl1lS
WIS bona fde one and would be carried oui
as proposed. lie was very sorry. he snid+ te
See SO able and bright man rs Mr.. Uumph'
IFSs throwing mud upon his scheme. air
humphreys had no cause to be unfriendly
as ne Continental line wp}!lu be no com
pslltor with the Wabash. lie then referred
aereporter to Nr. Abbott, who, lie said. was
oe1tes sersed in the affairs Of the new Com
RanS, and would give all desired infor1na
aoh. Nr: Abbott commenced t. 1alk yer1
eeintilusiastically Of the proposed scheme, de
nngl, glowing colurs the many adran-
ages 10 be derived BY the people from new
Ane That was fully $50 miles shorter than any
Existing route, and that would be able t
carry all the business between the West and
FAST and make Impossible such freight
winter. y
,-Atter he got sufficiently exhausted to al
~" tne reporter to put III word the fol- Ow
AE question was pTop0unde1:
no~ does your Company mean to secure
s1M9s9QQate terminal facilities at New j 1ork AM
ea'GGaeo to handle such immense traffic" ~
q: Uoh't talk ahout this" he said. 1T j
~ ~ soon to say anything about THAT matter
naen the time arrives we shall find n
~ rpapie 1n getting all the terminal facilitle
a.aBat. understand,''. said the reporter
mat az the terminal facilities on the New
Jersey side Of the Hudson for miles up' ut
aaeadS taken up BY existing railroad com
ea4iss, and here in Chicago new ter,nina
0+t 1%1$zA 1t an