Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-01
TnB CT. RAILROAD.
FROM THE PINE WOODD OF WISDOM.
SIN TO CHICAGO.
Several Northwestern Roads Reaching Out
for the Rich P1um-An AmicabIe Settle.
ment Of the Controversy Apparently
Nesr at Haud-Probable Amalgamatioo
Of the . ST. p. & o., and c. b. I. q p.
Roads a. One Of tho Resulting 6uses.
Especial Telegram to the alobe.]

Especial Telegram 10 the 0lObe.
CHICAGO, Jen. 3l-The Chicago Times this
morning publishes the following: The fght
for the possession of the Chicago, Portage &
Superior railroad, which has been transferred
from New York on the one hand and from the
pine forests of Wisconsin on the other hand
to Chicago, where the contestants are now
congregated, shows less bitterness than on
Saturday. A compromise seems probable
Gen. Schofield. presides of the defunct COM
pany; Vice President Cable, OF the Rock Island,
who holds the paid up stock; Il. Porter, pres
ident Of the Chicago, St. Paul q
Omaha railway, and C. B. Peck.
general manager of the Chicago, Portage
& Superior road, were closeted together dur
ing the greater part of yesterday and last even
ing, and could not be interviewed. It was
pretty evident, however, from some facts and
circumstances, that plan of compromise Is
under consideration and that settlement will
be reached to-day seems altogether probable.
1t is believed that the compromise proposed
contemplates the delivery of the Chicago,
Portage & Superior road into the possession
of the parties owning the newly acquired in
terest and the withdrawal of President Sche-
field and his associates from the board of d.
rectiOn and management
PROBABLE CONSULTATIONS.
An important fact, forced to the surface
doubtless by this controversy, transpired yes
terday, and its mention will occasion surprise.
It is learned that proposal for the cOnsoli-
dalton of the st. Paul Omaha & Chicago
railway with the Chicago, Rock Island & Pa
ciflc, has been under consideration for several
months. Several of the directors of the Rock
Island road are also directors Of the St. Paul,
Omaha & Chicago railroad. Among the men,
bers are r. A. Cable, H. 81. Porter and Mr..
Flower. The stock of both roads is largely
held in common by these directors.
1t is reported on very good authority that
the securing of the Chicago, Portage & Supe-
rior Railway, together with Its land grant Of
4OO,O 900 acres, is alone necessary TO the con-
summation of the proposed amalgamation.
In that event the Chicago, Portage & Supe-
rior railway will be built but while the North
ern Division will occupy the relation of only a
local feeder from the plneries, and the South
ern or Illinois Division OF the projected line
will be virtually an extension of the st. Paul,
Omaha & Chicago railway. A link of about
$50 miles, portions of which are already
graded, would bring the st. Paul & Chicago
railway to a junction with the Rock Island.
few miles from Chicago. A traffic contract
exists between the st. Paul, Omaha & Chicago
and Chicago & Northwestern companies. The
proprietary interests of the two roads, how
ever, are not in accord, and it is said that an
abrogatlon of the contract is desired by par
ties in both interests.
have been investigating the above report
for myself to-day, snd / can vouch for the
correctness. There Is an i'll feeling between
Porter and the Northwestern folks, and he is
in full accord with the Rock Island people. In
fact, Porter and the leading men in the Rock
Island road control the Omaha line.
POINT GAINED.
II Is now fully determined that the Omaha
company receives the Chicago, Portage 3
Lake Superior land grant. To make the con-
solldation Mr.. Porter will probably retire
from the presidency in favor Of Mr.. Cable, OF
he has already offered to do So, and the
tempting salary Of $4,000 per year has been
rendered Mr.. Cable as an inducement for him
to accept This will leave the Northwestern
without line into st. Paul, but they
will not long be delayed in build
ing an independent line. am
creditably informed that there is considerable
kee and st. Paul circles, over this evident ag-
gres i've policy of the Rock Island road, as
there is already sharp competition in other
territory between these lines. This will prac.
tically give st. Paul the benefit of Two new
roads, one being the new route Of the Omaha
railway 70 chicago from 81. raul, ana the
other Ing the new route of the Northwestern
from Chica go into ST.. Paul. Whatever denials
you NAV hear, set this down as the ultimate
result. 1have the facts solid. Gov. Rusk sent
message to the Wisconsin legislature to-
day recommending bill for relief of laborers
on the Chicago, Portage & Superior railway
A bill was also introduced In the house ap-
propriating 5000 for the payment Of labor
ers and making 1t condition Of any new COM
pany accepting the forfeited land grant, that
It reimburse the state to that extent. It is re-
ported here that this measure Is almost eer-
tain to pass the legislature.
NO COMPROMISE.
CHICAGO, Jan. 31.-There is no compromise
as yet between the parties interested in the st.
Paul, Omaha & Chicago railway, and the
stockholders of the Chicago, Portage & Su-
perior railway in reference to the delivery of
the latter's property over to the
recent purchasers of one million dollars
of stock. President Schofeld of the Chicago,
Portage & Superior, who, with other officials
of the corporation, have been here since Sat
urday in conference within. r. Cable, of the
Rock Island road, purchaser Of the controll-
ing stock, left for New York this evening to
consult with eastern bond and stockholders.
Pending his return negotiations are held in
allegiance.
ON CHANGE IN CHICAGO.