St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-14
4 GauzY TnIc.

One of the greatest cock-and-bun stories
ever published is brought to the front by
! the Chicago Tribune. 1t makes the stale
ment that the Rock Island has acquired con-
troll of the Northern Pacific road. 1t dis
cuSseS the railroad situation of the North
west. and what the result of the Chicago
Burlington Il Quincy's entrance to the
Northwest will be, and then comes along
with the following as windup:
The Milwaukee 81 st. Paul has lately ac-
quired the Fargo & Southern, which gives if
independent outlet TO Fargo, where connec-
ton is made with the Northern Pacific, and if
Is stated that its directors are considering the
ACCESSIBILITY of building from Fargo into the
Red river country. During this time the
Northwestern and Rock Island have not been
idle. They perceived the necessity of seclIr-
ing independent feeders northwest from ST
Paul and Minneapolis, and came to the
conclusion that the cheapest way of secur-
ing TINS end was to obtain control of the
Northern Pacific. Both companies, it is
claimed, have since been buying up all the
Northern Pacific and Oregon Il TTansconti-
mental securities they could secure. and this
II is believed, accounts for the large rise i'm
the value of the securities of those lines
The startling report is now current that the
Chicago. Rock Island Il Pacific has acquired
controlling interest in the Northern Pacific
property. The fact that President Cable of
the Rock Island has lately started for trip
OF inspection over the Northern Pacific and
the Oregon Railway Il Navigation companies
lines seems to confirm these reports In
connection with this the recent reports that a
company headed by President Tyler of the
Grand Trunk intends to build a line from a
point on the Northern Pacific through the
Saskatchewan valley to q connection with the
Canadian Pacific has considerable signifi-
canoe The Rock Island has direct
connection with the Chicago & Grand
Trunk ut Blue Island and Chicago. and the
relations between the two companies have al
ways been exceedingly friendly. BY Joining
hands with the Rock Island the Grand Trunk
would secure from that road the bulk of the
Northern Pacific and Canadian Pacific BUSH
ness. as well as full share of the Dakota and
Red river wheat business. If the report that
the Rock Island has secured control of the
Northern Pacific should turn out to be true
these viii be fun in the Northwest The
Northwestern and Milwaukee & St. Paul
would find themselves in an unenviable posi-
ton, as the ManitOba road and the Northern
Pacific control all the Red river and much of
the Dakota wheat business which forms the
bulk of the business coming here from St.
Paul. Deprived of this business the St. Paul
lines of the Northwestern, Milwaukee & ST.
Paul and the Wisconsin Central would not be
worth much. 1t would at once compel them
to build new lines through Dakota and the
Red river country or to accept such terms as
the Burlington and Rock Island see fit to
grant them
All this sounds very improbable and is
like an Arabian Night story. The stocks
of tie Northern Pacific have been too well
manipulated for the majority to pass into
the hands of another company, and fur
thermOre, there is good reason to believe
that there is a lack of funds in the treasury
of the Rock Island company necessary to
buy the majority of the stock OF the North
ern Pacific company, and that the North
western is working in joint interest with
the Rock Island is entirely out of question.
There is such a weakness about this report
that very little consideration should be
given it.
DENIED IN CHICAGO.
Special 10 the Globe.
CHICAGO, Aug. 13.-lt was reported in
a morning paper that the Chicago, Rock
Island 81 Pacific had acquired a controlling
interest in the Northern Pacific railroad. and
that the Rock Island would thus secure a
full share OF the Dakota and Red river
wheat business, enabling it to compete with
the Burlington, which has now, it is said,
virtually acquired control of the st. Paul,
Minneapolis Il Manitoba railroad. Assist
ant Manager General ST. John of the Rock
Island road said to-day: ''You needn't take
much stock in the rumOr published this
morning that our company has secured con-
troll of the Northern Pacific railroad. Our
president has gone OFF on a vacation and
happened to travel over the Northern Pa
eific road, and that is all the foundation
there is for the rumOr."
The Order Affirmed.
WASHINGTON, Aug. 13.-The legal
nrinciDleS involved in the matter of tho