Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-09-24
ELECTRIC SPARKLEs.
Jay GouId's Eye on the Northern
Pacific.
A MYSTERIOUS DETROIT MURDER.
How Mr. Willard May Lose the Fruit Of
Years-Cured by Constant Prayer
Terrific Explosion in
Louisiana.

NEW YORK, September 23.-The startling
story was started on the street yesterday
that it is the purpose Of Mr.. Gould aud Mr..
Huntingdon, of the Central Pacific, to Sc
cure control of the Oregon Transcontinental
Company, and thus get possession Of the
Northern Pacific. How correct this may
be cannot be judged by persons not in Mr..
Gould's confidence, but the following
theory is put forth by the street people;
The Oregon Transcontinental Company
own more than forty million Of Northern
Pacific securities, and with its stock selling
at 90, Or under; controlling interest could
be bought for about
Twelve Millions ofDollars,
and the purchasers would virtually become
the owners OF the Northern Pacific and
Oregon Navigation Company. The advsnt.
ages OF such control to Mr.. Gould and Mr..
Huntington are apparent, as it would
make them masters of the whole California
trade and the Transcsntinental wheat
traffic.
The Oregon Transcontinental was organ.
lied by Mr.. Willard, to take from the street
large block Of Northern Pscifc aud to
prevent its absorption by Mr.. Gould or any
other person who might want to get posses
Gould has purchased any large amount of
Transcontinental, he has been enabled 10
do it through tie
Extravaganza OF Mr.. Willard.
1t is not known that at least 30 miles Of
the Northern Pacific cost $4,000 per mile
more than the estimates, and that two or
three millions borrowed money have been
spent in equipment. The floating debt OF
Northipg Pacific is variously estimated at
from eight to fifteen millions, for which
Mr.. Willard will soon have to provide. In
order 10 get the money for this purpose,
Oregon Transcontinental began selling
Northern Pacific stock last week. II was
absorbed by some great operator, who fur
ther sold the market and depressed prices
after the Oregon Company had marketed
sufficient stock. Mr.. Wizards plan was 10
Issue n Second Mortgage.
debenture o. income bond for $4,000, 900,
which was to be taken at par by the Ore.
gon Transcon influential Company, and paid
iOr with the cash realized by the sale OF
stock ard thus relieve Mr.. Wizards com.
pany Of that mnCh floating debt This
was the arrangement on Thursday night,
and it was believed the great deal in Pacific
was over, and the public announcement OF
the above facts would put the securities OF
the road at much higher figures. Iester.
day morning, however, large selling orders
were found in the market, and they con-
tinued all day and were attributed 10 Mr..
Gould.
1t will! be remembered that Mr.. Willard
Caught Mr.. Gould short
OF Pacifcs once and would not settle with
him. 1t is street tradition that Mr.. Gould
never forgets man who treats him in that
way.
The Mail and Express OF to-day says on
this subject: There has been a rumor
this afternoon of financial trouble
impending, but particulars have, as usual,
been lacking. The idea that the Gould
Huntington party may be buying
control of Oregon Trans Continental
has gained strength during the after.
noon. A Northern Pacific man said: Il do
not know whether there is anything in the
story or not, but it is attracting considera.
Bile attention for a story without some
foundation in fact. The volume Of busi.
ness is so large that nobody can keep track
Of what is done. For my own part, con-
slider such a scheme entirely feasible for
men like Gould, Huntington and Wander
bIt. Mr. Vanderbilt is supposed to he IN.
terested.'