The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-05-04
4 THROUGH LINE.
RumOred Valuable Acquisition to the North
ern Pacific System.

CHICAGO, May 3.-Itis rumored that the North
ern Pacific has completed the purchase of the
Chicago and Great Western Railroad and the
Calumet Terminal Company of Chicago. The
Great western is simply a terminal company
with lines inside of the city limits and valuable
terminal facilities In the business center Over
this cOmpany's tracks the Wisconsin Central Sc
cured an entrance to the city, aud the Northern
Pacific will come in over the Wisconsin Central
line. The Calumet Terminal Company has dochs s
on the lake shore at Calumet, just south OF The
city, and the belt line connects them with the
Great Western tracks. The Chicago and Great
Western road controls 140 acres OF land In
Cicero and Chicago worth S1o,0o0.o00. The
company also owns depot valued at 81 900 900
here. The Northern Pacific Will, 1t is said, Issue
q new series OF bonds to the amount of $780,
ooo.oOo on these properties. Indications point
strongly TO a close alliance between this system
and the Baltimore aud Ohio, thus realizing Henry
Wizards dream OF great route from ocean TO
ocean. 1t Is believed that Willard Will person.
ally acquire considerable Interest in The property
III and around East Chcago.
The Western railroad situation caused by the
sweeping reduction in rates OF the Great North
ern, it is believed, Will be satisfactorily adjusted
at the Western Presidents meeting next Mon
day Nce-Prcsident Goddard could not be seen
to-day regarding the rumor of his resignation.
WINNIPEG, May 3.-The Manitoba aud North
western Railway Company, which has not been
IN very good financial position for years. has
concluded the sale of its entire land grant, con-
sistng OF 100000 acres, for triie over So an
acre. The land taken by a syndicate of
English and Scotch capitalists and a company
Will be formed for colonization purposes.
VIce-President Goddard of The Atchison will
not only remain with That road, in spite Of his
reported resignation, but he can remain with any
Increased or changed authority lie wishes. Said
President Marvel this afternoOn Il heard Of
the rumored resignation only few moments
ago. II was complete news TO me and conse-
quently | Judge there was a stretching of the
Imagination when the rumor started. Seriously
my relations with Mr.. Goddard aIe of the most
a "a rad und
he has only TO mention any change or increase in
authority he wishes 10 have II granted He
knows this and he also knows that esteem him
very highly and would under circumstances
agree 10 his reSignatiou.f
Vice President Goddard did not consider the
rumor worth denial, apparently and eontented
himself with saying: " You see / haven't quit
work. As far as there being any serious friction
between me and Traffic Manager Hanley 1t Is
pure bOsh."
NEW YORK, May Sit Is reported that the
object of GoUlds visit TO Mexico was TO ascertain
II II would pay TO connect the Texas and Pacific
with the CITY OF Mexico by building a connect.
ing line from a point 200 miles west OF Fort
worm TO the terminus OF the Mexican Central
A suit for the recovery of 100000 commls-
slons from Tie Oregon Improvement Company is
threatened. Frederick w. Gade went 10 Europe
IN December with what was practically an op-
tlon Oil SlO,0O0,00O consolidated mortgage
bonds al s95. Before the privilege expired the
price was reduced to $50. AT This price Gade
was not able TO complete negotiations, and no
bonds were sold under the agreement. The Off
GERS OF lhe lmpi 0Vement Company had not re-
celVed notice OF the suit Today Iirsld mt
Smith said that Gade had sent letter 10 the
company threatening TO Dring the suit. He
ADDED alter reading The original contract: Ii
Gade thinks he can recover commissions be-
not exercise lie is welcome 10 my money, / do
mol thlnk suit las been begun."