, 1890-11-06
A BIG RAILROAD DEAL
Vanderbilts Reaching After
Western Connections.
MORGAN'S VISIT TO THE WEST
If Successful the Vanderbilts Can
Dictate to All Other
Lines.

Chicago, Now 3.-The following Is
published here: ]. Piorrepont Morgan 5
present trip to the West has more sig
niiicance than is generally supposed,
ALTHOUGH II is claimed his visit has no
other object than pleasure, and Incl
dontally to inspect the properties of the
Elgin, Joliet Il Eastern and Chicago,
Milwaukee 4 st. Paul, in which COM
panies the banking house of Drexel,
Morgan & Co. holds the controlling in
tercst Yet men supposed to be well
informed claim that startling develop
ments in the Western railroad situation
will be made soon after MoTgan's return
to Now York.
The Elgin, Joliet e Eastern connec-
tions are all Vanderbilt lines from Chi
cago, win the Milwaukee n 81. Paul
and Chicago Il Northwestern systems,
and by the use of this connecting link
the Vanderbilt lines east and west OF
Chicago will be able to transac,
through traffic without going
through Chicago and paying heavy
terminal and transfer charges. Thc
cousummation of the deal outlined in the
foregoing will give the Vanderblts alb
tenn from New York to Ogden, Utah,
and all they would need would be the
control of the Central Pacific branch OF
the Southern Pacific to give them indie
pendent lines through from the Atlantic
to the Pacific coast, with terminals both
at San Francisco and Portland, OR. The
Oregon Short Line of the Union Pacific
is already furnishing an ioutlet to the
latter poidt
The fact that negotiations are already
going on between the Vanderbilts and
Leland Stanford and other owners of
the Southern Pacific with view to ob-
tanning possession of the interests in
those parts and in the Southern Pacific
has already been mentioned. There is q
probability that the Vanderbilts will
succeed in acquiring control of that
property. With the Southern Pacific In
their control, the Vanderbilts will be
masters of the situation and DO able to
dictate terms to all other roads in the
country.
means the speedy consum nation OF
another Vanderbilt deal more startling
than the much talked of Union Pacific
generally known that Drexel, Nor
gan IL Co. sold the controlling
interest in the Elgin, Joliet &
Eastern belt lines, and Chicago,
Milwaukee < 81. Paul railroads.
The latter have been compelled to
take sides with those opposed to the
Northwestern and Union Pacific. This
is not what Drexel, Morgan Il Co. de-
sire, Their intention 10 to bring these
roads into the Vanderbilt fold. The
opinion Is expressed that this will be
done US soon as Morgan returns to New
York.
Those on the inside pretend to know
that before many daysa tariff agree
ment similar to that existing between
the Union Pacific and the Northwestern
will be made between the Northwestern
and the Milwaukee 81 ST. Paul, and II IN
even predicted by some that a consoli-
da ton OF the two systems will be made.
The attitude lately assumed by the
Union Pacific indicates something of the
sort will be done. The orthwestern
alone could give the Union Pacific all
tho west. bound traffic il needs, but with
the Milwaukee & st. Paul added, which
connects with the Union Pacific at Kan
sas City, Omaha and Sioux City, the
latter would have all the Eastern feeders
ii needs and can DEFY all other connec-
tiOns.