Omaha daily bee., 1883-12-10
A Strong Combination Between
the Stock Yards Company
and the Soutl Omaha
Land Syndicate
Millione or Eolei I Capital Center.
ing in OI.cha-ThC Eeginnirr
of Gigantic Boon.

otnef meeUlrg last evening al the hlliaTU
hotel, and transacted considerable i'm.
portant business.
Among those present were Alex Swan.
w. A. Paxton, L. Il. Ter, C. w. liamil.
ton, Il. b. Wood, Frank Murphy, Thos.
Swobe, j. i. Markell, Guy e. Barton, l..
Nj. Anderson, and j. ii. Donnclly, of
Chicago, and others.
1t was decided to name the organiaa-
ton the Union Stock Naros company. Of
Omaha. The capital stock ISL, COO. 600,
all Of which has been taken, and there
was considerable Of q scramble on the
part of certain enthusiastic members TO
secure noresharo thonthe had originally
subscribed for. il is also n fact that
several wealthy mon, who at first declined
to enter into the scheme. are nov very
anxious TO get hold Of stock in the new
company, but they are now unable to get
hold Of il.
Throughout tic whole meeting & very
strong interest was manifested in The
proceedings, and every man present was
very enthusiastic over the project.
MIR. W. A. Paxton, the president, was
also elected treasurer. The secretary of
the company is Mr.. }. Il. Donnelly, who
was elected a week ago. He is aChicago
man, and has wide experience in cattle
buying. He is also Interested al present
largely in western cattle. Mir. Donnelly
will hereafter make Omaha his headouar-
tiers.
The matter OF starting the stock
yards was thoroughly discussed at
the Saturday night meeting, and it was
determined to begin building the yards
in a few weeks, and to Immediately COM
mence preparations for the same by hav-
ing plans drawn, lumber purchased, etc.
An extensive packing house is also to be
erected, work upon which is also to be
begun at an early day, the intention be-
ing to have it completed at the same time
with the yards-early next spring-so
that the company can handle the cattle
business of 1854. The plan If to slaughter
beef here and ship it east in refrigerator
cars. 1t is also proposed to enter ex-
tensively into the canning of meat. The
stock yards on the east of the river, near
the Union Pacific JraIisrer, Lave LvoI,
purchased by this company. They will
not be abandoned, however, but will be
maintained for the business of Council
Bluffs and Iowa.
The Union Stock Yards company will
Greats a big boom for Omaha. The en-
terprisc is bound to make a big cattle
market here, as well as a Grain market,
and in time Omaha will no doubt rival
Kansas City in this respect. The
scheme is attracting a great deal of atten-
lion abroad, and particularly among
Chicago cattle men. When the yards
are opened all leading commission houses
will have agents and branch offices here.
Already many letters Of inquiry are
being received here
The Union Stockyards company is an
organization Independent Of the South
Omaha land syndicate, although many of
the stockholders III each organization are
interested in boihlenjerprises. The land
syndicate, however, is largely composed
OF Scotch capitalists, who were largely
induced to invest their money in the pro-
ject by Alex. Swan, the well-kown cattle
king. As already stated by THE BEE
they have purchased and paid for, owe
thousand acres Of valuable land in
n tract, and they propose to build a
%surburban town TO lie called South
Omaha, on the Union Pacific railroad.
This town is intended ior the employees
of the StocEYaIdG COMPANY a. well as for
the w~orkingmen Of OnG ha and others
who desire 70 secure q home al a small
cost onC on iayorGDlC tcrms. South
Omaha If to be q beautiful suburban
town, and viii be connected with tie
city 10y numerous daily trains each way.
The OMAHA waterworks are TO be ex-
funded to South Omaha rs well as to the
stockyarda.
The Omaha Belt railway, upon which
work has already began, is claimed to be
a sure thing, will encirclo the city, and
connect with the Union Pacific near the
Summit, ono Of tho principal induce
ments for constructing this road being
the building OF South Omaha and the
erection of stock yards and Strengthening
and packing houses. il is stated that
the Belt railway will be completed early
next spring. The b. d N. also intends
to build a track from Il point near belle
vue over to the stock yards.
The men composing the South Omaha
land syndicate are among the heaviest
cattle owners in Nebraska and Wyoming.
They have invested millions OF dollars in
cattle within the past two OF three years,
and have bought up and consolidated
many of the largest herds. Alex. Nc
Kenzie, a wealthy citizen of Peterborough,
Scotland, is n of the heaviest foreign
capitalists interested in this land and
cattle scheme. The Frewens, who are
Englishmen, and who have large herds
of cattle, which they personally manage
and superintend, are also members of the
syndicate. These are only a few of the
foreign capitalists. Among our home
people who are heavily interested are
Alex Swan and w. A. Paxton, both very
rich men.
The land syndicate, being the owners
of vast herds of cattle, will naturally
turn all their cattle into the Union stock
yards as fast as the demand calls for
them. This makes a very strong combi-
nation, and there can be no possible fail
IRE in the gigantic enterprise.
In tba " p1v anta,nn;.. .n,,,l