New-York tribune., 1884-02-18

lumber busines on tho Rock Island and has satisfied his
own stockholders of the Justice Of his seeingcar policy
Il may well for him to try to find out something
about the policy OF that company as to the elevators
which owns at Chicago and conform 1t with the policy
of the companies which tho Northwestern and, and
Mr.. Vanderbilt control He will discover that
no director officer or agent the company mas any
interest direct Indirect in them or their use and tnat
the large rental paid for their use goes dec cc oio
treasury OF the company. He Will do wei 10 asccrlam m
then whether not the options held lttle Whe ago ~
the Northwestern TO buy elevators were tnaue a
able 10 William H. Vanderbilt instead or 10 the company.
Again Mr. Vanderbilt will find that no director ON esr or
agent Of the Rock Island Company Is ntGreied GreG
over its railways; and that all profits arising iroin any
nersTt GerT "ia %ch it. the company fear tnat
he will look into the matter carefully he viii
S that o c ncp portion on
he controls goes to keeping the wolf from the door Gf
Vanderbilt II he shall 50 discover viii ne 'aDIsh
a like state OF things on the Rock Island when the
Northwestern and himself shall hold the proxies Of the
sharehOdersi"
NOT DFPRECIAIISG PROPERTIES.
"Mr. Vanderbilt says in OF his interviews
Gable md Porter were going to make the
Northwestern roads worthless would buy every share
before anything Of that sort should occur Is THIS as
threat buy majority Of he stock the Rock sandr
The friends of the mana cement control majority Jl The
stock investment, ans Mr. Vanderbilt c2nnot huy IT,
Have you or Mr. Porter deprecated the yaiue OF any
Not that know OF" Mr. Cable replied. g Mr. Porter
was president OF the omaha Company when Mr. van van
drrbl bought the control paying for II ABOUT $lJoUo
COO Both he and the Idblic know thai when MI fOrler
more than it has ever been since 1t controlled by
'the Northwestern and Mr.. Vanderbilt The trut1 is
that NaLderbilts grievance against Porter IS thd ne
made the Omaha valuable and that it has deprecated
largely under the management OF Wand rbt ana FuD9t
mates, who cant be deceived IA to ie c9Iosl'oh ol @
As to the roads have managed am willing at
any time 10 compare results witn roads cont0led Dy nm
In one OF his recent interviews lie says: believe tha
the majority should rule, hut II own malory believe
tna persons m ~ ns V W@r Shore se at even less than its
worth, would do with 1t the same as ana WIN ,le
Nickel Plate. would offer II to the Now-YOrk central at
Just what it cost Inc and 10 more. lf maze
hty cents OF the transaction there would be grum-
bling There was nothing compulsory IN Lake Shore
taking Nickel Plate. suppose night nave made heaps
of money out OF IT, tut di not. II was tie same WIN
make dollar IN those transactions. That IS the
way l have always done business. II New or
| we're to buy it, stockholders would say
L rascal; think great d.al oi my g191 name;
some facts. He believes that the majority should RUE
demands that surrender to siXforteths OF the
stock The right to select the e. Ire board to the exclusion
Of representation FOR the remaining thirty four 0iet3;
His great generosity displayed in turning The Nickel
Northwestern at what they cost does not bear close
scrutiny The Nickel Plate at the rate at which Mr. Van
drrbilt purchased the Ol worth ABOUT NiOO-
600 aud to-day is worth about $7,20000O. showing
q depreciation in the valuo OF the entire properly
he saws in Lake Shore taking Nickel Plate o. cGtrs
D0t yet is remarkable that when Mr. Vanderbilt hi
which he controls takest without compulsIon.'
JAY GOULD AS AN APpARrn0N.
"But Mr. Vanderbilt The purchase OF Nickel Flae
wa, due combination OF circumstance and 4s et-
fectcd quickly hardly knew Oh it before II
OYcrP"
"Tbcrc was but circumstance The applritOn OF
Jav Gould appeared at his fOOtDcard in the small hours
when ghoss r0up home TO churchyau aud gave Van
de bill notice that he would meet BIN 1t FhilpPi or some
OF her place or all places oug,EUre from Buffalo 10
Chicago. ReNult-the Nickel Ptc bought % quick
" that he hardly knew of 1t before II was over, This
siigests question, VIII the 50c6h0ders the Rock l3
Hand wish 90 transfer the care or their property rom
board which has produced such satisfactory results in
the pa, to who be scared by tht ghost OF an
other who is dead My experience with Rock slands
stockholders satisfies me that they very practical
set OF people. who into the Sp!r OF net e2rungr,
dividends, surplus earning and such things, but who
have little sympathy with persons who are AFRAID VI
ghosts
Your question drew away from mis- at1tenc1t In re-
gard TO the Omaha At the rate AZ which Nandetb paid
for chat was worth about - e,5UUOJ0. II Is now
worth about II .OOOOOO or course the wagner sleep
ing car and other Vanderbilt reforms were introduced,
vii what eject upon the of tue company youcdu
dct-rlul.c wen as can. Ii, regard Tor his good
name encourages TO make suggestion or two for
the hrneht that sls 70 the companies Mich
lie controls OF lis Wagner sltcplhScar stock and bis Ia
tore s IN fast freight lines and elevators 81 actual cost
would add lreaiy 10 the estimation In which that good
name will held by the stockholders OF the New-l YORK
Central Lake Shore, 3ci gan Central Cleveland, Coun
bus Cincinnati and Ind '0JpOis, Cb.coEo ana North
western Omaha, and possibly other afflicted corpora
tons"