Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-28
TIE CONSULTATIONS scuEME.

TIE CONSOLIDATION SCHEME.
The Rock Island's Pr0spsctiVe G0b5iin0 OF
the Omaha Line--Zhe Ncrth,cestern Must
Build an Independent Fine to 81. Paul.
The Chicago Tribune thus discourses
upon the reported conolldstion scheme.
"It the prevailing opinion that the Chi
cago, Rock Island & Pacific Railroad com pany
will soon gain control of the Chicago. St. Paul,
Minneapolis q Omaha railroad. Vice Prssi.
dent R. r. Cable and General Ticket and Pas
seuger Agent E st. sohn, of the Rock Island
went to st. Paul yesterday, and 1t Is believed
sition. The Chicago, st. Paul, Minneapolis &
Omaha railroad consists of the following
lines: Elroy, Wis, to Omaha, 594 miles; River
FallSJtO Hudson, Wis, 10 miles; Junction to
Saltwater, Mimi, 4 miles; Menominee
railroad, miles; JuHctiou to Cable, Wis,
100 miles; Mankato TO Blue Earth City,
Mimi, a miles; Worthingtoii to Sioux Falls,
D. T., 90; Huron Lake to Woodstock, D. T.,
a; Luzerne Doom, IS milee, and Coburn
junction to Jackson, Neb, l6 miles, making
total mileage Of 963 miles. The company
was organized June 1, 1880, by the Gonsolida-
ton of the Chicago, sc. Paul d Minneapolis,
the North Wisconsin, the. st. Paul & Sioux
City, and their main lines and branches.
By THE TERMS OF THE CONSOLIDATION
the company was authorized to issue bonds
not exceeding sl5. COO per mile, preferred
stock not exceeding $4,000 per mile, and
common stock not exceeding $4,000 per
mile for any railroad thereafter acquired.
Under these conditions the st. Paul and
Siouy City and Sioux City and St. Paul rail.
roads were bought, and an issue of bonds
o! s., GOO per mile was made on the 60S miles
thus acquired, in addition to SIC, 900 ger mile
already outstanding. In the consolidation
the lines of the Covington, Columbus and
Black Hills and the Omaha and Northern Ne.
braska railroads were acquired, and are now
part of the system. The company leases the
ST. Paul, saltwater & Taylor's Falls and also.
the right Of way over the Illinois Central lire
from LIE Mars TO Sioux City.
THE PURCHASE OF fnIs 7sU2D
by the Chicago, Rock Island & Pacific ex-
plains why Mr. H. Z. Cable, vice president of
tie Rock Island, purchased the stock of the
Chicago, Portage s. Superior railroad, and al
so why Mr.. Cable received such strong sup.
port from the Chicago, st. Paul, Minneapolis
81 Omaha, which has for some time past been
after that road. The Book Island at present
has no connection with the ST. Paul aud Oma-
ha road, but the nsiruction Of the Portage
will give it q connection from Chicago, ard
thus make the Rock Island direct conpet;-
tor with existing lines out Of Chicago for
Northwestern business. The acquisition of
this road will prove
SEVERE BLOW TO THE CHICAGO & NORTH
WESTERN,
as the st. Paul Il Omaha road has been one of
its most valuable feeders and is used as its
outlet to st. Paul fron. Elroy, Wis. The st.
Paul u Omaha road has losg zen considered
a portion of the Northwestern, and it was gen.
orally believed that it would ultimately fall
into its hands. The Northwestern would
probably have secured this property had it not
been for the fact that a large portion of its
stock is held for the owners of the Rock
Island. Five of the Rock Islands directors
are also directors Of the st. Paul e. Omaha
road-namely: David Bows, r. P. Flower,
Porter, the latter being the president of the
Chicago, St. Paul, Minneapolis & Omaha
Several of these gentlemen are also direc-
tors of the Chicago g. Northwestern, but they
no doubt preferred to throw the property into
the hands IF the Rock Island because Wander
bilt has secured SO large an interest in the
Northwestern, and they evidently did not care
to extend Wander 5ilt's jurisdiction over the
st. Paul d Omaha line. Aside from the power
full competition which the Northwestern will
have to encounter from the Rock Island in it's
northwestern bust ess, it will also be COM
PEELED to build a new line from Elroy to st.
Paul in order to preserve it's direct outlet to
that point. This new acquisition will give the
Rock Island about $500 miles of road
HOW 1T EFFECTS SIOUX CITY.
Referring to the above the Sioux City
Journal says;
supposing this oft repeated rumor to be
correct it will introduce new and lively COM
petition iuto the railroad business of this
part of the northwest. Just what the effect
will be Is not plain. The Rock Island is
credited with controlling the Burlington, Co.
dar Rapids and Northern, which road is build.
ing west toward Worthington. This will fur.
nish good Chicago line for that part of the
road, and for the Sioux Falls
line. But how the Rock Island would
utilize the Chicago business that crosses from
the st. Paul lines to this city is not clear. Ger
taiDiy, If the Rock Island has bought the st.
Paul lines it cannot afford to let the Chicago
business of northern Nebraska go and come
over the track of other companies as is now
being done, and line from the city east to a
Chicago connection will be necessary. It will
not be necessary to map such lire until the
reported sale Is confirmed
DAILY WEATHER BULLETIN.
OFFICE CHIEF SIGNAL OFFICER,