St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-19
A GREAT DEAL IS ON.
Though the Sale of the Union
StockyardS Is Again
Denied.
The Big Stiekney Railroad
Scheme Is in Live Stock
Interests.
Council Dallies With and Fails
to Act on the Eight-Hour
Question.
Though Employees Get the
New Pay for the Month
Past.

With reference to current dispatch
from Chicago, saying that a trust has
been formed into which would be
merged the stockyards at Chicago, St.
Joseph and Kansas City, Mo-, together
with the st. Paul Union stockyards, a
GLOBE reporter yesterday saw Gen.
Mark ID. Flower, president of the last
named company, who said:
1.-The st. Paul Union Stockyards comp any
has not entered into any trust whatever. L
can reiterate my reply to similar report
published few weeks ago, that overtures
had been made by New York parties for per
mission to make a sale of the yards. l
brought the matter to the attention of the
principal directors and answered that the
property was not for sale. No renewal of
those oyertures has been sought for or made.
The GLOBE published my denial just as I
gave it,
That there is another phase to the re-
port. and one which is devoid of the
trust feature, is evident in certain bust
ness circles. A gentleman who is well
posted on railroad and live stock mat
tiers said last evening:
1t is well known that great business en-
terprise, grand in its extent and adaptability
to the purposes for which IL is intended, has
been entered into by Mr.. Stickney and a
number of his st. Paul and Eastern financial
Chicago capitalists that are closely identified
with the live stock and packing business.
That enterprise is the railway transfer and
stockyards at Lyons, on the outskirts of Chi
cago. Thus their interests were affiliated
several months ago, and friendly relations
have been more firmly established among
he Chicago men aud the principal owners of
the western stockyards that have been men
TONED. 1t IS quite likely that in the course
of years Mr.. Stckney's Chicago enterprises
and these Western yards will come under one
general management but that would not
diminish the interest of the crescent manage
ment III The ST. Paul enterprise. On the COLI
trary, it would intensity that interest and put
the st. Paul men into stronger relations with
other great stockyards and live stock opera
tlons. Adjoining the city line of Chicago is
Lyons. where vast system of railway trans
fer tracks is now under construction These
tracks will extend into the stockyards por-
ton OF the enterprise so that the TWO depart
ments will intermingle. An indication of
the immensely of the plant is gained
from the fact that the sewerage
construction Ito follow the work on the main
body of the transfer) will involve an outlay
OF million dollars. and another million dol
lars Will Re necessary TO build a separate sys-
tenn OF water works connecting with Lake
Michigan and independent of Chicago. All
this Will take long time, during which
those interested are more than likely to MAIN
tain these friendly relations 10 which have
referred, but general consolidation with
the western stockyards would be question
of years, although it is likely to come The
Chicago, St Paul & Kansas CITY railroad. in
which Mr.. Stickney is so deeply Interested. is
fecelYlng direct benefit from its interest in
the live stock situation and is recognized as
very successful handler OF live stock, as
well as other freights.
Another report that Western cattle
owners were forming gigantic trust to
control and enhance the prices of their
holdings has very light foundation.
About as soon as the leading cattlemen
OF one section get together for such
purpose the leaders of another section
will be ION the market with stock" and
the strife would then be to see which
| could sell first. Furthermore the in
| Vulnerable small holders of the country
| cannot be brought into trust scheme,
but their stock would worry a
syndicate just as good wheat
crop would at harvest time. Supply
and demand generally governs the
principal food products of this country,
and trusts to govern them would be
likely to work as disaStrously as many
of the attempts that have been made to
corner wheat and corn from time to
time. Chicago newspaper men may
| originate trusts, but it would take many
well-drected millions of dollars to make
minority of their trusts successful.