, 1890-11-27
Gould and the Standard Oil
People Have It.
GIGANTIC COMBINATION
Controlling Every Independent
Road West of Chicago and the
Leading Eastern Lines.

WIZARD ana those associated with him,
According to the Chicago Tribune. all
reports agree that tic combination con-
sisting of tho Nanderbil,s Jay Gould,
Drcxcl. Morgan e Co., and John and
William Rockefeller, of the Standard
Oil Company, has secured control of the
road. The Standard Oil Company has
bccn absorbing Northern Pacific stock
for some time, and so have Jay Gould
and other members of tho big syndicate.
Yesterday 100 600 shares of tho Northern
Pacitio's preferred stock were ira sferred
to tho Rockefeller brothers and q. b.
Wright, one of the leading stockho lders
of the company, seems TO have Joined
interests with them, which gives the
-Vandorbilt-S Standard Oil combi-
nation n controlling interest
The Northern Pacific is especially
valuable to the Standard OIL Company
because the latter's great refineries are
located at the eastern terminus Of the
Chicago &c Northern Pacific formerly
tho Chicago & Calumet Terminal at
Writings, near the soathern limits OF
this city. This belt line, which is owned
by the Northern Pacific, intersects every
railroad entering Chicago, and the
Standard Oil Company can distribute its
products among the various railroads
without having to pay toll for switching
and handling, which gives it an inn
mense advantage over its competitors.
In fact, its partnership with the Gould
Vanderbilt Morgan combination enables
IL to dictate terms to nearly every rail-
road in the country so far as the making
Uf oil rates Is concerned. 1t Is believed
the Standard Oil octopus has fastened
its tentacles on the Baltimore a. Ohio
and will soon get control oGthat COM
pany. The Baltimore IL Ohio joins the
Northern Pacific at Writings, where
the Standard Oil Company's works nre
located, and the two roads Jointly will
form an uninterrupted through Inc
from the Atlantic to the Pacific coast.
As there is but little doubt the Could
Vandcrbilt-S Standard Oil com bination
also has secured controlling interest In
the Pacific Mail Steamphip Company.
Union Pacific, Atchison, Topeka &
Santa Fe, and Southern Pacific railway
companies, the fact is demonstrated that
the giant com bination means TO control |
all the transcontinqntal routes, with the
exception of the Canadian Pacific, and |
thus compel all other roads in this coun-
try to submit to its dictation. 1t is now |
quito certain that before many weeks
this powerful combination of capitalists
will control every independent road west
of Chicago and all the roads east OF Chi |
cago except the Pennsylvania and Lack |
awanna. But these corporations will be
powerless against the combi eand will |
no doubt be compelled to submit to its
dictations
As soon as matters have become q
little more settled 1t is understood the
will demand an immediate
change in the management OF the prin-
cipal western roads and then will follow
the final contamination OF jay Gould's
great hobby the formation OF u gigantic
trust, TO take charge OF the
traffic affairs OF all tho roads in the
Tho following dispatch gives further
details OF the dongs of the Could
Standard Oil combination:
New YORK, Nov. 2J.-Eyery since the
first break in the Willard stocks, more
than week ago, rumors have been in
on Wall street that John ID.
Rockefeller and William Rockefeller,
the Standard OIL magnates, were
with the purpose of gaining con-
troll of the road. At first the rumors
were discredited. but they grew in
force day by day, and were supported
by the stock exchange announcements.
Northern Pacific stock flowed con-
stuntly into the Standard Oil building.
To-day the climax was reached, and
100 zoo shares of Northern Pacific pre-
tered in the hands oi Rockefeller Bros.
and the holdings OF &. Is. Wright, of
united with the RoCkefeI-
Ter interests, took the control of the
out of the hands OF Henry
Willard. Brokers would not believe II
at all at first, but before noon nearly
every body in Wall street was of the
opinion that the Standard Oil had Sc
cured control OF the Northern Pacific.
Direct information could not be OBJ
tanned. John ID. Rockefeller had moth
ing to say, and at Henry Wizards office
inquiries were referred to the Rockeiel-
ers.
viewed, said. II have not the slightest
doubt the Standard Oil Company now
lus control of the road. All the condi-
ions indicate il. The Rockefellers have
Dcen buying in the Willard stock for
'ome time und every body knows what
heir purpose Is.
1t is reported thct Henry Willard gave
10 his passage on the steamship Aller
which sailed from Bremen yesterday
md will not return to New York in the
immediate future.
The capital stock of tho Northern
Pacific amounts to $50, li3, 1893, or SCI, ,i3l
hares. OF this the North American
Company held 2lo, l5i shares OF common
tock and l27, fS0 shares of the preferred
tock. These holdings with the large
block of stock held by q. K. Wright, of
controlled tho property,
md ms Willard generally voted the ,
North American proxies and large
Imount OF proxies from German holders,
10 was tho most powerful factor at the
Innual elections. IL has been stated,
however, that Willard was aided in OBJ.
aiming control of the Oregon Trans
continental Company by the Standard
)il party, and that Colgate Hoyt
represented the Rockefeller interests
md North American companies.
At the elections OF Northern Pacific Tor s
wo years preceding the one just hell.
lizard WAS prominent in ali the ar ,
angements. He gave early information
II regard TO the ticket TO DO voted by
hose in control, and showed his interest
n many other ways. Ho was absent in
europe October III, when the last meet
ng was held, and no interest was shown
representative here. z. b. Wright was !
han tho ruling spirit and was appar- !
nifty in control. Willard was reelected
! director ana so were all tho members
" the board which had been working in
with him. What is more i'm.
,ortant is that the board of directors
hen elected serve tor three years, the
erm having been extended to that
'eriod ut meeting held June 10. This
caves the present board in control un-
II October is, 1893.
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