St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-27
Russell Sage and His Allies
Engineering a Big Rail-
way Deal.
st. Paul to Be the Western
Terminus of a Great Sys-
tenn of Roads.
Two Ohio Roads Engage in a
Little Fun Of Remarkable
Character.
Certain Northwestern Rail-
roads Giving Extra Commits
sions to Ticket Agents.

MEN 1OHha OCls EOs-1AO u g.
In these days of big railway combina-
tons Wall street keeps a very sharp
outlook for possibilities. and when 1t
was announced on excellent authority
yesterday that Russell Sage was ell
gagged in a deal of this sort, with an in
teresting history attached to it, there
was some lively scurrying around for
facts and figures, which. owing to the
well-knOwn reticence of MIR. Sage, were
lamentably scarce. Not very long ago
the legislature of Connecticut granted
an extraordinary charter to a number of
gentlemen, prominentamong whom was
Mr.. Sage, who declared that the
company they represented would
have a capital of $50, 00O, 900.
With the usual liberallty of Connecti-
cut when granting charters, the state
legislature gave the new company per-
mission to build, operate, acquire by
purchase or lease, railways, steamboats,
and steamship lines, and to acquire,
hold and dispose of bonds, stocks and
securities issued by CORPORATIONS or by
government. state or local authorities.
1uS Mluc SCODO vi IlllO ilo VI "a
permit the corporation to do almost any
thing in a financial way, and Mr.. Sage
almost atOnce proceeded to do as much
as his shreWdneSS would allow MN to
do. Associated with Nj. Sage In this
company are Sidney Dillon and Eugene
Zimmerman, together with George
Gould and, it is said, Gen. wager
Swayne. The milk in the c%OcOanut, as
ov~Io;noI hu ovoaIlant QuthOrltv lS
this: The first three gentlemen men
toned are deeply interested in the Gin
cinnati, Hamilton & Dayton. the Wheel
ing d Lake Erie, and at least half a
dozen of their
CONNECTING LINES.
The two roads mentioned would form
a very important nucleus for an extern
sion of their connections to the East
and West. The COnnec ticut charter, it
is declared, was obtained for the pur-
pose of combining these roads aud en-
abling the incOrpOrators to bring under
the ownership and management OF the
Connecticut company a great many
miles of valuable railway property, with
terminals at st. Paul and some South.
ern port, or, possibly, st. Paul ana
Baltimore. The plans are now being
put into active operation, it is said. and
llG COMMUNICATION i ~ ShNSNO0 AN
comparatively short time. The control
of tile new COMPANY. say the gOsSlps.
will extend Over the Cincinnati, II anil
ton d Dayton, the Wheeling q Lake
Erie, the Dayton, Fort Wayne & Chi
cagO, the Iowa Central and the st. Paul
& Kansas City. The Iowa Central
reaches Peoria, ILL.,. and will, IN con-
nectiOn with the st. Paul & Kansas
CITY give the consolidated lines an en-
trance to st. Paul. 1t is the intention
of the company, it is said, to acquire or
build a line from Indianapolis to a con-
nection with the Iowa Central at Peoria.
MIR. Sage is vice president of the low
Central and is the holder of a large
block OF its stock. The Louisville, New
Albany q Chicago will give the COM
pany a line from Cincinnati to Chicago
and from Chicago to Louisville. Inc
company will be able to compete
WITH THE GREAT TRUNK LINES
for the business in the Northwest, and
will be in a position to extend connec-
tions to St. Louis. 1t was rumOred that
C., P. Huntington was concerned in this
scheme, but the rumOr could not be YER
flied, 1t was in Connecticut, however.
that he secured his charter for the New
mort News g. Mississippi Valley COM
pany, The refusal by those concerned
TO converse about the proceedings OF
the company led many to place reliance
in the reported plan of the combination
to unite the Northwest with the At
lantic. Mr.. Sage, who is supposed to be
the most deeply interested in h
| scheme, declined to talk about 1t. He
refused, however, to deny that such a
general extension of the roads In
which he Is interested was con-
| templated. One of the persons who
| have been in the confidence of MIR. Zim-
norman said that the project has been
under consideration for several months:
| 1t had been decided that the interests of
the Cincinnati, Hamilton Il Dayton
| should be advanced with the utmost
! rapidity after the blow which had been
| given to the road by Henry S. Ives, and
| the wholesale charter was suggested by
| MIR. Sage. whose interests in the Wheel
ing & Lake Erie and the Iowa Central
seemed to place him IN a position to
| afford the desired outlets to the Cincin-
natl, Hamilton d Dayton. When the
through traffic arrangement will be
made the speaker was not in a position
to say, but he declared that it would
probably go into effect at the latest by
| Nov. 10.