Los Angeles daily herald., 1889-09-16
RAILWAY GOSSIP.

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RAILWAY GOSSIP.
Matters Of Interest During the Past
Week.
There is very little news in connection
with railway affairs in these days. Times
have changed since two years ago, when
the average railway reporter thought
that day lost whose low descending sun
saw no new transcontinental line created
out of the genius of his imagination. The
dullest day would turn out two or three
branches or connections in different Sec
tions of the State from the various exist
ing lines. The Coast is likely to see sew
eral years come and 60 before such a
state of affairs will come again.
The Santa Fe and its fortunes still
forms the chief subject of gossip among
railway men, although since the resigua-
ton of President Strong and the filling
of his place by Marvel, nothing has
transpired which throws any particular
light upon the situation. The bulk OF the
Santa Fe stock is held in and around
Boston, and recent issue of the Traveller
gives expression to the belief that the
road is slowly but surely working into
Gould's hands. 1t says:
"Ths announcement is coming one of
these days that Mr.. Gould has secured a
representation in the Atchison directory.
Gould's brokers-the very ones who
worked his Texas-P Pacific 'deal'-are buy
ing Atchison stock today, and it is not
merely for trading purposes, either. The
gentleman who made the prediction to
us of the Could Huntington control says,
further, on this same subject today: Il
am told on the very best Of authority
that Mr.. Gould borrowed $4,000, 900
only short time ago, and that he has
been using this money chiefly in buying
Atchison. Mr.. Gould bought 10000
shares of Atchison early in July and Mr..
Huntington bought 80, 600, and both have
been buying it all the way down from so.
am not taking hearsay simply now, but
facts that come to me so straight az to
leave no room for doubt. All this stock,
of course. is distributed among brokers
and nobody can possibly know how much
Gould and his friends hold, but conf.
IDENTIFY believe that even now he is in
possession of enough to dictate the make
up of the directory and, what is more,
1 look for the placing in the board, at
an early day, of men whom he shall
choose. The control of the Atchison
system would be of immense value to
| Gould, and his operations of it, in con-
nection with his great Southwestern
system, offers immense possibilities in
the way of financial returns. This whole
deal is not, by any means, a new one to
the insiders on Atchison, but it has been
working out for long time. The con-
summation is now near at hand. Wait
and see what is coming" In making
reference to this same subject the New
York indicator, says: "The bears need
not take any comfort to themselves
out of the theory that toe buy
ing of Atchison yesterday was merely for
the covering of shorts. We are reliably
informed that the purchases made by
Mr.. Brandon were for the account OF
Jay Gould, and it is evide mt that the
Atchison is to be taken care of without
it's having to 60 into the hands of re-
ceiver. There is also talk of the new
President making an all-round reduction
in wages. Considering that the Missouri
Pacific is about to increase wages, the
Atchison may find trouble in making a
reduction. He will have to cut down
expenses some other way"
The conviction appears to be general,
however, among the best informed rail.
road men of this city that there is no
probability and hardly a possibility Of
the california connections falling into
the hands of the Southern Pacific. No
one doubts that in time these connec-
tions will prove Of immense value. The
only question is, by what means can the
road manage to pull through the temper
ary embarrassment. President Marvel
will soon pay a visit to the Coast and
carefully inspect every branch of the
Southern California system. There is no
probability that anything new will de-
velop until after this visit.
The excursion business, especially that
in the so-called tourist cars, seems about
to undergo the long-expected improve
ment. During the summer the monthly
excursion parties have been carried for
the most part in single car. Those
coming in now fill three or four cars, and
the indications are that the increase will
be constant hereafter.
The Southern Pacific is doing it's duty
in the way Of advertising the msrvels Of
the state, and 1t is believed that as soon
as the policy of the new President be-
comes defined the Santa Fe will 60 into
the business with its customary vigor.
Assistant Ticket Agent P. H. Springer,
OF the Southern Pacific, who left for the
East last week, had in charge large
amount of interesting matter, which he
will deliver to N. g. Neimeyer, at Chi
cago, for distribution. Mr.. Neimeyer is
the company's general Northwestern
agent. The company is anxious to
|legitimately advertise this State, and re-.
quest all who have contributions regard
ing California to send them to it's Offices,
from which they will be distributed to
Eastern points. The company has q
corps OF men at present compiling ma
terial for advertising purposes.
The Board of Trade and the Chamber
Of Commerce Of this city shipped sew
eral thousand copies Of their respective
nam nblafs To Ghicaao Last xaak 70 ho