St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-24
BOLD BID FOR BUSINESS.
The Canadian Pacific Is Hard Up,
but Gets Into Chicago Just the

iSOlID FUR S1NEISS.
The Canadian Pacific Is Hard Up,
but Gets Into Chicago Just the
Same.
New YORK, Nov. ga London
cable says: canadian Pacific shares
were pressed for sale yesterday and
to-day OH rumors that the board had de-
fermined to build branch to Detroit.
The Standard says that the company is
again hard up for ready money is be-
yond question: Your correspondent is
Informed that the company has Ger
tainly decided to build the Detroit
branch, but that there is nothing in this
fact adverse to the company'S interests.
It is claimed that the decline is fully ac-
counted for by the ignorance of the
company'S strong position, and the gen.
eral weak condition Of the market.
CHICAGO, Nov. 23.-1he report that
the Canadian Pacific railroad has made
arrangements to run trains into Chicago
is corroborated by the commercial agent
in this city, }. Frances Lee. In answer
to inquiries Mr.. Lee said: "The Cana
dian Pacific has made all arrangements
TO that end. 1t is now building road
from London to Windsor, Ont. to con-
meet. at Detroit with the Wabash sys-
TEN. 1t will run trains to this city over
the Wabash tracks, and will have
terminal facilities here in connection
with that SYSTEM ''Ilave any arrange
ments been made for reaching Chicago
from the Northwest, say from st. Paul.
as reported?" Il know of no such az
rangements, and do not think it has
been thought Of. / do not sec what
object there would bc-such a
scheme" The 800" route is
our great card for the Northwest
trade, but there is an enormous bust
ness from Chicago To the seahoard, the
New England states and New York,
and that is what we are coming here
for. BY connecting with the Wabash
system the Canadian Pacific will be
able to get here and compete. for that
trade. | have heard some talk about
coming into Chicago over an elevated
system of roads. Don't you think it
would be an excellent idea? Let all the
new roads, say, combine and build ele
waited roads over which they could run
their trains right into the very heart of
the city. There would be an enormous
saving i'll the purchase of q right OF way
and other expenses. Such q system
would be to Chicago what the under
ground system is to London, England.
/
but dent know that 1t has ever been
seriously contemplated. have merely
heard it suggested. If there is such
scheme in connection with our road
in contemplation | don't think
cago who could give you reliable
Information concerning it. L do not be-
Iieye the matter has ever come up for
. serious consideration by our road"
''IIow soon will you be running your
trains into this city," 1--WE expect to
have everything in shape in about Il
year from now We will probably be
running trains in here by this time next
year." The Wabash railway enters
Chicago by way of Bement, leaving the
main line at that place, l}3 miles south
of this city. In approaching Chicago
from that direction the Canadian Pacific
has stolen march on the people who
were naturally expecting it to make an
entrance from the north. and were. it is
understood, ready to make a hard fight
against it. BY the building of ITO miles
of track between London and Windsor,
and its deal with the Wabash, sthe Can
adam company covers Il wide scope OF
territory, and puts itself in position to
compete strongly for the rich carrying
business from Chicago eastward.
DENIED BY VAN HORNE.
Special to the Globe.
MONTREAL, Nov. CIV. C. Van
Horne. president of the Canadian Pa
cific railroad, when asked to-day about
report that the Canadian Pacific has
completed arrangements TO enter Chi
cago by means of its newly acquired St.
Paul line stated the report was false.
THE EXTENSION A NECESSITY.
MONTREAL, Nov. 23.-At the adj