Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-10-30
FOR Il Decide.
The Union Pacific and western
will Pool Issues.

The Union Pacific and North ESTER
will Pool Issues.
Chauncey M. Depew, representing tn
Vanderbilt interests, has confirmed thu
report of an engagement between the Chi
cago and Northwestern and the Unior
Pacific roads. He says the agreement will
run ten years. During that period eacf
road will give the other all the business i,
can. The Vanderbilt interest in the North,
west is large. Depew, who is a director o.
the Northwestern. says: THE report that
the Vanderbilt interest intends the extern.
sion OF road to Southern California il
untrue. The substance of the present
agreement is. the two companies are en-.
gagged in a compact that will afford mutual
facilities for hauling transcontinental
freight and passenger traffic."
Gardiner M. Lane, second vice-president
OF the Union Pacific, says the agreement
with tile Northwestern was made October
18th, to take effect November LIST and COD.
tinue ten years. In addition to the North
western and Union Pacific are included
several other small railroads., which were
practically branches of the Northwestern.
The rates now in force remain UNCHANGED,
unless competition compels a change.
Charles Francis Adams, president of the
Union Pacific, said: 1.-THE contract was
formally executed in accordance with q
vote OF the board of directors of the two
companies by Hughitt and myself Monday
last. 1t stands to-day, therefore, an exc.
cuted contract. and binding on all the CON-.
panies concerned. 1t practically brings to-
gether in close association two OF the
railroad organizations of the West.
ownership OF the lines east of Chicago
will practically make, for all the urposes |
OF traffic and transportation, a line from
tide water at New York, Bosom, New Or. |
cans and Galveston to San Francisco, |
and Puget Sound. Two trains |
will run daily westward. ALI freight trains
will be billed jointly from all stations on
10th roads. Tn Northwestern will build
'hlrty.six miles necessary to connec it's
with the line running from Cheyenne
20 Fort Laramie as SOC as possible, and
liter that neither company will build a
ilngle mile more than the development oil
ne country in the Northwest requires"
Vlcs-Presiden Sykes of the Chicago &
northwestern railroad, tonight said the
ontract with the Union Pacific, formally
'pproved by the directors OF both roads.
uns for ten years. but is not an exclusive
arrangement between both roads in the I
ense OF either road refusing to handle the
usiness OF other competitors. The Rock .
sland q Burlington have western connec- I
ons, OF their own, and the Northen Pacific G
nd Atchison have their Chicago comes. /
ons, so that the alliance between the {
"rthwestern and Union Pacific ia simply c
the line of similar arrangements madeby
Their systems. The arrangement does not G
east of Chicago. v
In regard to the stat sment that the Van. I
'rbilts were largely interested in the stock &
the Union Pacific. and that their inter. a
ts would soon be represented in the
'ard OF directors, he said: II know noth.I
9 about their investments, but if it ia
that this agreement will result in a
If company having representa- tives in the
hon Pacific management, 1 will sayn moth. d
OF the kind has been mentioned. They a
Q in no way interested in the reported ex- NJ
of the Union Pacific toward Los cl
lgeles or any point on the Southern Paci- m
coast"
Vice. President Bond of the st. Paul road b,
id ii the agreement was an exclusive con. b,
ict it would hurt the other roads. lch