The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-04

From Seattle TO New York Over Con-
solidased Railroads.
CHrcAGo, Nov. 3-The following is pub
lished here: Pierrepont Morgan's present
trip TO the West has more significance than
Is generally supposed. Although it is
claimed that his visit has no other object
than pleasure and incidentally to inspect
the properties of the Elgin, Joliet q East
ern and the Chicago, Milwaukee q St
Paul, in which companies the banking
house Of Drexel, Morgan q Co. holds the
controlling interest, . person supposed
to be well informed, says that startling dis
closures in reference to Western railroads
viii be made soon after Morgan's return
to New York. The opinion Is that
Morgan's visit means the speedy consum-
nation of another Vanderbilt deal more
startling than the much talked Of Union
Pacific Northwestern DEAL It is fact
generally known that Drexel. Morgan &
Co. have sold the controlling interest in
the Elgin. Joliet & Eastern belt line and
the Chicago, Milwaukee q st. Paul rail-
road, and that the latter has been COM
PEELED to take sides with those opposed to
the Northwestern and Union Pacific,
which is not what Drexel, Morgan & Co.
roads into the Vanderbilt fold. The opin-
ion is expressed that this will be done As
soon a. Morgan returns to New York.
Those on the inside pretend to know
that before many days traffic agreement,
similar to that existing between the Union
Pacific and the Northwestern, will be made
between the Northwestern and the Mil
waukee q st. Paul, and it is even predicted
by some that consolidation of the two
systems will beAmade. The attitude lately
assumed by the Union Pacific indicates
that something of the sort will be done.
The Northwestern alone could give the
Union Pacific all the west-bound traffic it
needs, but with the Milwaukee & St Paul
added, which connects the Union Pacific at
Kansas City with Omaha and Sioux City,
the latter would have al the Eastern feed
ers it needs. and could defy ali other con-
nections.
The Elgin, Joliet 4 Eastern viii furnish
q connection for the Eastern Vanderbilt
lines and the Chicago and Northwestern
system. and BY the use Of this connecting
line the Vanderbilt lines east and west Of
Chicago will transact through traffic WITH
ont going through Chicago and paving
heavy terminal and transfer charges.
The contamination Of the deal outlined
in the foregoing will give the Vanderbilts
absolute control of gigantic railway sys-
tenn from New York to Ogden. Utah, and
al they would need would be to control
the Central Pacific branch Of the Southern
Pacific to give them independent lines
through from the Atlantic to the Pacific
coast, with terminals both at San Francisco
and Puget sound. the Oregon Short Line,
Of the Union Pacific. furnishing an outlet
TO the latter point.
The fact that negotiations are already GO
ing on between the Vanderbilts and Leland
Stanford and other owners of the Southern
Pacific with view to obtaining possession
Of the interests of those parties in the
Southern Pacific, has already been mem
toned, and C. p. Huntington admits that
there is : probability that the Vanderbiits
win succeed in acquiring control of that
property. With the Southern Pacific in
their control the Vanderbilts will be mast
ers of the situation and be able TO dictate
terms to Ill the other roads,