St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-14
FOR WALL STREET.
The Break in the Western Trunk
Line Association.
Proposal of the Northwestern at Yesterdays
Meeting.
Vanderbilt Did it--Cable's Opinion--Rail-
way Strike.
Mr. Yanderbi,t did IT.

1t now appears that Mr.. Vanderbilt is the
person who caused the withdrawal by the
Northwestern of its Sioux City & Pacific and
from the association According to the
statement of gentleman who knows the
following on the facts:
A railroad official who claims to be well
posted states that the Northwestern people
had no idea of taking the action they did in
regard to the Sioux City g. Pacific until day
or two before the notice of withdrawal was
given. The order to do so came unexpect-
edly from Mr. Vanderbilt himself Now he
is of the opinion that Vanderbilt's action was
due to his desire to intensity the troubles
between the western roads and thus affect
the stock market. Mr.. Vanderbilt, the man
says, has lately been building the stock
market, and sold good deal of stock at the
high prices. He is now anxious to break the
market and force down the stocks to such
figures to enable him to buy the stock back
again at low rates. If Vanderbilt had mot
ordered the Northwestern people to take the
action they did in regard to the Sioux City &
Pacific at the time the meeting of the Western
managers convened, that meeting would
undoubtedly have effected settlement Of
all existing difficulties, and Mr.. Vanderbilt's
scheme to bear the market would have been
spoiled. The claim that the acquisition of
the Sioux City & Pacific by the Northwestern
is al bosh. The Northwestern controlled and
operated the Sioux City & Pacific before it
acquired it by purchase. If it had not it
could not have agreed when the Western
Trunk Line association was formed to put
the business of that road into the pool. The
plea that the Sioux City & Pacific business
could no longer go into the pool on account
of the purchase of that road by the North
western, was simply an attempt on the part
of Vanderbilt to shift the responsibility for
making more trouble upon the Rock Island
and Milwaukee & st. Paul. Another
was Of the opinion that the Northwestern's
action was not due to any desire for getting
out of the Western Trunk association. The
com pany, he thinks, had no idea that the
Rock Island and Milwaukee & ST. Paul would
construe its action as they did. On the con-
trary, the Northwestern, he thinks, was un-
der the impression that these roads would
enter protest against its leaving the asso
citation, and make strenuous efforts to in
duce it to continue to report its Sioux City
d Pacific as formerly. In this event the
Northwestern would have come in and de-
manded additional concessions for leaving
its Sioux City & Pacific business in the pool,
which was what it wanted. But its calcula-
tons were upset by the Rock Island and
Milwaukee & st. Paul setting up the claim
that the Northwestern had violated that par
of the agreement by which it and the Wa
bash became parties to the combination, and
that therefore the original agreement be-
tween the Union Pacific, Rock Island and
Milwaukee u st. Paul will now have to be
carried OUT.