The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-07-25
BANKERS TRIANGLE
The Reported Railroad COmbi-
nations Said to be
A Scheme to Bolster up the
Bankers Triangle.
"Jack the Ripper Taken
Into Custody.
Plagued With Flies --- Tired
of Life.
Taken
Jack the Ripper"
Into Custody.

CHICAGO, Ill, July ia lOca
paper prints the following: The bank
er's triangle to neutralize the bad
effects ofthe collapse of the Interstate
Commercial Railway association has
kept Its literary bureau busy all week
telegrsphing reports of gigantic rail-
road combinations, changes in owner
ship of roads, etc. Their object is to
create the impression that the roads
which have withdrawn from the asso-
citation and stand in the way of its
success, will soon be in control. of par
ties who will act in harmony with the
association, and carry out the behests
of the bankers triangle even to the
extent of joining j. j. McCOok's trust
scheme. The reports that the Alton is
likely to change ownership before long,
and that the Burlington 81 Quincy is
about to obtain control of the Burling-
ton s. Northern, and the i'm
preston that these roads would soon
be stopped from doing any mischief, or
prevent the establishment of high
rates. There is no possible chance
that the Alton will be sold. 1t is not
for sale except at price far above its
actual value. Neither Jay Gould nor
anyone else would want to buy the
road at the figures at which it is now
held by its owners. Its stock is not in
the market, and cannot be raided and
forced down like the stock of the wat
cred and overburdened concerns.
President Blackstone who controls a
majority of the stock of the Alton is IN
Europe, and not expected to return be-
fore fall. No one else can negotiate
the sale of the stock he holds for him,
and it can therefore be seen that the
/ reports that negotiations were going
on for its sale were spread for the mere
purpose of affecting the stock market.
The same is the case with regard to
| the reported purchase of the Burling-
| ton & Northern by the Burlington s.
Quincy. The later virtually controls
the Burlington & Northern
now and would have moth
| ing to gain by purchasing
it outright. Another story given cur
rency by the bankers literary bureau
/ is that the text of the bill which is to
| be introduced at the opening of con-
| gress in December involving the most
| gigantic scheme for railroad consolida-
| tion eyer candidly discussed is now be-
ing put into type, and Chicago firm.
Rand. McNally s. Co., is engaged in
| publishing the maps illustrating the
consolidation of railway lines and
| tracts of country which are to supply
the proposed system with business
This scheme embraces a consolidation
of the Union and Northern Pacific
roads, and the Canadian Pacific Office
That the whole thing is visionary is
shown by the fact that the Canadian
Pacific is a Canadion government road
and cannot be consolidated with Amer.
lean roads. Mr.. Mentally says he has
firm is preparing no maps for any such
scheme. The report is undoubtedly al
elaboration of the statement that the
Union Pacific is interested in the con
struction of a line southwest from a
point on the 800" line in Wisconsin tC
Sioux City and Omaha. and thus in
connection with the Canadian Pacific
form a short line through to Boston.