, 1890-11-04
BIG DEAL AFL0AT.
Trying to Form a Genuine
Trans Continental Line.
The Union Pacific is Involved
in the Scheme.
Which is Being Worked by
the Vanderbilts.

CHICAGO. Nov. The following is
published here; j. P%ierpont Morgan's
present trip to the west has more signid-
canoe than is generally supposed. Al
though it is claimed bis visit has no other
object than pleasure and incidentally to
inspect the property of the Elgin, Joliet
& Eastern and Chicago, Milwaukee & st.
Paul, in which companies the banking
house of Drexel. Morgan & Co. holds a
controlling interest. yet men that are sup
posed to be well informed claim that
startling DEVELOPMENTS in the western
railroad situation will be made soon after
Morean's return to New York. The
opinion is that Morgan's visit means the
speedy consummation of another Wander
bilt deal more startling than the much
talked of Union Observation-Disclosures
deal. The fact is generally known that
Drexel, Morgan & Go. hold the control
ling interest in the Elgin, Joliet & East
ern belt line q the Chicago, Milwaukee
4 st. Paul railroads.
The latter has been compelled to take
sides with those opposed to the North
HGsltIu anu OulOu L dCilCt Which, Is uDl
whas Drexel, Morgan X Co. desire. Their
intention is to bring these roads into the
Vanderbilt fold. The opinion is expressed
that this will be done as soon as Morgan
has returned to New York. Those on the
inside who pretend to know say that be-
fore many days a traffic arrangement sim
liar to that existing between the Union
Pacific and Northwestern will be made
between the Northwestern and Milwaukee
& St. Paul, and it is ever predicted by
some that a consolidation Of the two sys-
TENS will be made. The attitude lately
assumed by the Cuion Pacific indicates
that something OF the sort will be done.
The Northwestern alone could give the
Union Pacific all the westbound traffic it
needs, but with the Milwaukee & ST. Paul
added, which connects with the Union
Pacific at Kansas CITY, Omaha and Sioux
City, the later would have all the eastern
feeders it needs SRd can defy all other
connections.
With the Milwaukee & ST. PAM and
the Chicago x Northwestern systems by
use of its connecting link the Vanderbilt
lines east and west of Chicago would be
able to transact through traffic without
going through Chicago and paying the
heavy terminal and transfer charges. The
contamination of the deal outlined in the
foregoing will give the Yanderbilts abso-
lutte control of a gigantic railway system
from New York to Ogden, and all they
would need would be the control of the
Central Pacific branch of the Southern
Pacific to give them an independent line
through from the Atlantic to the Pacific
coast, with terminals both at San Fran
cisco and Portland, Ore. the Oregon
Short Line of the Union Pacific already
furnishing an outlet to the latter point.
The fact that negotiations are already
going on between the Yanderbilts and
Leland Stanford and other owners of the
Southern Pacific with a view of obtaining
possession of the interest of those parties
in the Southern Pacific has already been
mentioned, and G. p. Huntington admits
there is a probability that the Vanderbilts
will succeed in acquiring control of that
property. With the Southern Pacific in
their control the Vanderbilts will be mas,
ters OF the situation and be able to dictate
terms to all other roads in the country.