The sun. [volume] (Morris, Stevens County, Minn.) 1882-1895, 1889-03-14
Colossal Combination

One Of the Vanderbilt party, talking at
Chicago the union OF the Bee Line and the
Big Four systems, outlined the situation as
follows: 1t is reported that the Vanderbits
have recently purchased about fifteen thou
sand shares of the Big Four sto"k, the price
averaging 100. This merely gave them q
minority interest But their purpose has al
ways been held to be the ultimate capture of
the Chesapeake & Ohio now controlled by
c. P. Huntington. the Biz Four being con-
trol'el hy Mr.. Huntington, Drexel, Morgan
Co., George Bliss and NJ. +; ingalls,: To
get the Chesapeake & Ohio. they need the
Big Four, which feeds it. Hence the deal now
consummated. 1t will be extended by
making the consolidated lines Jointly
lease the Indianapolis & st. Louis
road, which has long len q bur-
den to the Bee line, its annual deficit amount
| ing to several hundred thousand dollars
And the new line that viii be token into the
| city will be the CLEVELAND, st. Louis ! Kan
sas City which is now in course OF canstrGC-
| ton. Mr.. Ingalls, will be president o. the
consolidated companies. The combination
will take the Big Four, with 33S miles OF
DAD, capital stock $10,00O,000 bonded
debt $1O,O0O,6OO; the C.. C., G.. 4 l, 739
miles OF road, capital $15 900, 600, bonded
debt $1O,630,O00, and the Cleveland, st.
Louis & Kansas City. 800 miles o. road, cap
ital stock $4,000, 900, bonded debt $10,-
| 900, 900. The leased lines go with the rest
of the property. 1t is not believed that new
| capital stock will be issued. Each line will
| go into the new combination on terms that
will give each line certain per cent of the
| earnings OF the combined lines
The Big Four secures st. Louis and Kan
sas City line. The VanGerbilts get q line to
KANSAS City. The Big Four's debt will be
ali refunded ty' 1890 into per cents. This
| line also contributes good terminals Mt both
Cincinnati and indianapolis. The gegeral
offices of the combined lines will probably be
located in Cincinnati. Having virtually ne
quired the Big Four" said an old railroad
man. ''they will soon reach out to the Ches.
| apeake & Ohio. The effect of capturing the
| Chesapeake y Ohio can hardly be accurately
measured. 1t is q goal well lwprth attaining .
Wabash, village in Cass county, was
| nearly destroyed by fire at Nebraska. A
| large merchandise store the News printing
| Office and the town hall were an ong the
buildings destroyed. 1t is thought the fire
was started by two burglars who were sur.
| prised in Ifs oct OF cracking q safe while the
| fire was in progress, but made their escape
Loqs $40, 900; partially insuprea. . 5s
Henry Steele, hostler in the employ o.
| the metropolitan Gable company Mt Kansas
City, who had pain ql experience in the FIRE
which destroyed the stables Of the Company,
/ gave it az his opinion that thFee men hal
| perished In the fire. They went in ahe8d of
| him for the purpose of saving, some of the
| mules, and he is positive that none OF them
| got out He himself was rescued in O faint
| ing condition. The debris now beingremov-
| ed is twenty feet deep, and it will be some
time before 1T can be positively aseertained
whether or not there were any lives lost