The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-02-12
SEATTLE 70 CHICAGO.
Thee VIII Be lie Terminals Of
the great Northern.
TWO MosE LINES TAKEN IN,
Jim Hill Sail Ercrn England WITH
Money to uIhil His Plans.
The Silver Spike.

CHICAGO, Feb u.-fspacial President stick
ney, OF the Chicago, s. Paul { Kansas citys
who is in the city, when asked waat truth there
was in the report about the absorption @ his
road by the Great Northern, ssio 40 wAy no. sc
liberty to talk ebop. the matsfr at resent ex-
cept to say that the consur nation ol sucn
deal would be good thing ootn for AIs COM
pany and the Great Northern ard greatly en-
nance the value of both properties.
President Hill, of the Great Northern went to
Europe few weeks ago and there is great spec
ulatioD as to his object. It is reported that he
went abroad for the the sole object of complet-
ing the extension of his road from Helena,
Mont, to the Pacific coast. While that no
doubt was one of his objects, it is now stated on
good authority that his principal reason was to
enter into negotiations with English capitalists,
to whom little over year ago he guaranteed
payment OF interest on the bonds OF the St. Paul
road, to induce them to transfer to him their in
tercst 1t is also said that Stickney is in entire
accord with Hill, and is rather anxious that the
Great Northern should secure control OF his
road.
From all that can be learned Hill has attained
his object. and has secured controlling interest
not only in the Chicago, ST. Paul & Kansas City,
but all the capital necessary to complete the Pa
cific coast and western extension of his road.
Hill, it is learned, left England yesterday, and
is now ON his way back to this country
Commenting on the reported negotiations, the
Tribune says The acquisition of the Chicago,
St. Paul d Kansas City will give the Great
Northern long desired direct outlet to Chicago,
and make it one OF the largest and most import
ant railway systems in the country. 1t will be
in position to defy the competition of all the
existing roads in the Northwest, and
will be able to dictate terms to them. Its
lines win extend from Chicago direct
to the Manitoba state line, and also to the
Pacific via Helena. 1t has direct outlets to Du-
luth and the Lake Superior country, and the ac-
QUESTION of the Chicago, st. Paul & Kansas City
will give it direct line from Duluth to Kansas
City via ST. Paul. Besides this, present indica-
lions are that the Great Northern viii get con-
troll of the Pacific Short Line, which, when fin
ished, will give it another transcontinental line
from Chicago, Duluth and ST. Paul via Sioux
City and Ogden, Utah.
MINNEAPOLIS, Feb lit is rumored here
that the Great Northern has gained control OF
the $500 road" and that the Kansas City has
also fallen into its hands. This gives them a
Chicago connection.
CHICAGO, Feb. ia morning paper SAYS that
the negotiations OF Calvin S. Brice for the pur-
chase of the Louisville, New Albany & Chicago
road, were not on behalf of the Erie & Western,
as reported, but for the Richmond Terminal,
which would thus be given an outlet from Chi
cago via Cincinnati and Louisville, forming an
other trunk line from Chicago to Newport News.
NEW YORK, Feb. l1.-President Inman, of the
Richmond d West Point Terminal Company,
returned here today. He is one of the party
which went South with Gould. Concerning the
reported purchase OF the Monon he said: 81
don't wish to say much about the Terminal deal
with the Louisville, New Albany & Chicago in
its present state of affairs but can
say that l don't think we will make the
purchase. Probably a close traffic alliance
will be formed Boise is now in the West.
The matter is wholly in his hands, and will
probably be settled in a day or two" Inman
was asked what the idea of his trip South with
Gould was, and he said: "The establishment
of a Southern trans-continental line. You see
our system reaches to the Mississippi and taps
Mr.. Gould's Southwestern system in several
places. His system of roads would take US to
the Union Pacific, and We had Dillon along as
representative of the latter line
Hunt, second vice president of the Louisville,
New Albany Chicago, said this morning: 81
have heard nothing of the purchase of our road
by the Terminal company, only the Lake Erie
d western. AS regards the former, though,
can't say ] consider the story as altogether
without foundation. The East Tennessee, vir-
ginia Georgia, which is part of the Terminal
system. has passed to the Louisville Southern
road. This gives her entrance to louisville,
and there is no doubt that our road will give the
Terminal Company valuable Chicago connec.
ton"
The Post says President Rallstone, of the
Farmers Loan and Trust Company; Olcott OF
the Central Trust Company. aud Stewart, of the
United States Trust Company, are reported to
have been appointed committee to appraise
the assets of the North American Company, with
view to settlement with the stockholders of
the Old Oregon d Transcontiuental Company
This viii probably furnish light on the present
value OF North American stock, which will be
received with great deal of interest.