New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-25
WISCONSIN CENTRAL LEASED.
THE SoRTHERN PACIFIC ssouREs CONTROL
OF IT'S LINES.
HOW THE DEAL WAS coxsUM'1ArED--EEAIu a.A's
OF THE OPERATING LEASE.

OF THE OPERATING LEASE.
r,ny,aaslnbia. March PA reporter OF Inc
1uanirera today learned from o weilknown rail-
- van that the Northern Pacific Railroad Com.
,orv has at last secured eont-oi OF the Wisconsin
Central railroad, and through it an enlance -
CHICAGO. The directors of The company Wni no.u
sn4eial meeting in New-York on wednesday "
aunrove formally the lease, but 1t VIII De purely
formal matter. as the directors are unlb on Gi;
opestion. and the company is already IN prac''0"I
control Of the Wisconsin Centralns lines -.
= The Iuouirefs viii give the following oeealiS
NJ the lease; &C. @. Wheeler, formerly genels.'
manarer of the Atchison. Topekn ana Sanu, =
road. has spent three months ia an eAstnins" ~.
of the property, connections and accounts VI ODs
wisconsin Central Company. He went over WY
mile Of the main line and its allied prancneN, 'n
ouired into Che resources and trafhe conne0aOns
and finally made detailed inventory Oh 'no p.Op
ertv The result Of his investigator mas ~
compiled in an exhaustive report wncn WIZ ~
submitted to the board on wednesday,
r. "a he racites tho reasons why the acquisl
A.. 90 tho wisconsin Central road win De al
a. .otono IN the Northern Pacific Company
The Chicago Burlington and Quincy, the NORTH
,vest and 81. Paul, and other lines cenWlne
a. Chicago are reaching out westward for trailO
nd
parifc Coast, and become transcontnenOAi hne9
No. Corad,on Pacific has Chicago outlet, ana &c
hove all tbe Pacific Coast lines. III the Noftnefl
pooieo is n maintain its position 1t must have
oo,,oI tnctlitjes and, Mr.. Wheeler sees no other
liz hut the WISCONSIN Central that can anoro
tho Northern Pacific It's needed outlet Inc
"a b. savs "a in rstclass condition. 1t poses Uses
GOOD terminals, has growing local trade, ana J
soI,- .unnorting. With the influence OF the Inter
state Commerce law to steady rates ne BELIEVES
the road will be o profitable one. sho-. t,,nc
a The lease is for comparatively snorV " ia,
either for thirtythse or 1nf5sd Vet Il is
operating lease that is, the Northern rsclno - y
operate the road and pay as rensaL 90 e ~ stndv
tie gross receipts President oaxes u sSuL,
ing the detailed reports presented by Mr. Whe s Is.
" the arr aunt and direction Of traiiio end OF th'
operating expenses has come 70 the concIusion ti ~
tbe Northern Pacific can operate the f9ad iEr ~
ner cent and a4 the outside for ST. lie peAeVe
The Northern Paciho can mako profit on the lees'
INDEPENDENTLY OF the advantage acctuing 70 UNI
company from tho possession Of through nne
of ooure all the Northern S tha P% Wscopsn Cen
trails lines, instead Of being divided up oetmeei
ali the roads running between Chicago ana 81 faul
The Northern Pacific makes no ggsTantee a. 70 ob 4,
cations and in fact. guarantees nothing at oil eN
cept the prompt payment Of the rental
The lease will add 70 the Northern Iaeii i, s 81,
wisconsin Central Railroad. Isl miles Q
with IL also comes the possession o
the extensive terminal facilities at EnlcagS
formerly owned by the Chicago and Grcao Mes'ef =
Railroad. which are constantly increasing ~
value. as wen as the very valuable terminals Of
q The Northern PaciHo executive committee
TO which the lease was referred, has studied mos
carefully Mr.. Wheeler's report, and VIII repor
nnon IL fayorably and the opinion Of the othel
members Of the board has already been expressed
in favor Of tho measure"