New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-15
RAILROAD INTERESTS.
MONTREAL BROKERS GET EXCITED.
THEY DISCOVER A STORY THAT GEORGE GOULD.
RUSSELL SAGE AND OTHERS ARE AFTER
THE GRAND TRUNK.

THEY DISCOVER STORY THAT GEORGE GOULD.
RUSSELL SAGE AND OTHERS ARE AFTER
THE GRAND TRUNK.
Montreal. June 14-News received here TO-DAY from
London. that Duncan Mcintyre formerly vice prcsl'
dent the Canadian Pacific railway, and L. j. Forget
a wealthy Montreal broker. purchasing blocks OF
Grand Trunk Railway stocks from the English share
holders led to the discovery OF sensational railway
stbry. II Is that the men named and other weai'h,
Montreal men had formed a syndicate with russell
sage and George Gould. OF New-YOrk. ana c'her
American capitalists. for the purchase OF the enurc
GRAND Trunk system of railways. On 'Chnnge ana on
the street this afternoon the report caused the greacs
sensation among brokers' and investors III RAILWAY
stocks The stOclr Of the lately decrcd Grand Trunk
went balooning
1t Is known that while much Grand Trunk stock Is
owned this side Of the Atlantic. still the oihcers
and the board OF directors, who absolutely control
the working OF this road. arr English, Win mead
charters In London. With executive so distant the
road has never competed 1t should With the
Canadian Pacific. its most dangerous rival III 'he
middle OF May Mr. Foxwell, OF New-f0rk came mere
and met Mcssrs. Duncan. Mcintyre and l.. ). Forget
by appointment Mr.. FoAwell represented george
Gould. The purchase scheme discussed and they
decided that the interests Of the shareholders would
be more benefited with the ownership and management
In America. A week later second meeting was held
ut the savoy Hotei New York, attended by Russell
Sage, George Gould, Mr.. Foxwcl ani the Montreal
men, The NEWCOMERS offered to put up all the
money necessary to control the stock and at meet
Ing few days later the details were decided on
M,ssrs. Mcintyre d Forget were TO go TO England
and secure as much stock possible. When con
trolling interest WAS obtained the head Offices were
to be- transfcrre. TO Montreal, and tie new board
was to consist OF two Montreal men, with Duncan
Mcintyre AS president two Engsnm men,, ana nv" on
their mission from NewYork on the steamship Cam
pana ten days ago and the news received from theo
.dare tnf..a Tint thaap mt
tircy successful.
Ii is also stated that Messrs Gould and FoSwsl ll
SUMMONED TO join their conferrees ana VIII
sail for London on saturday. ~ show low gisan'ic
the scheme really /, from financial standpoint II Is
but necessary to state that the value OF the com
panys stocks and bonds Is, In round figures, ABOUT
t29j 100000
Railroad men generally regard the transaction re-
ported from Montreal rs In the highest degiee I'm
probable. There has not beer the slightest mtlmhtlph
of such IDEAL" In any financial or railroad circles
IN New-York, nor have speculative movements lore
Swallowed In the least the possibility of the rumored
development. Shrewd say that in the first place
the condition the money market is such rs TO pre-
olude the likelihood Of any attempt at the consunina
ton Of a transaction OF this magnitude. Its purpose
In no manner would harmonic with the plans ana
objects known to be- entertained by Mr. Gould ana
his associates whose entirely committed
TO the development Of their Southwestern properties
The Gnassl condition of the Grand Trunk Of Canada
also is not OF character TO invite large invest
ments by capitalists.
Ev. skinner one Of the directors Of the Canadian
Pacific Railroad. when in regard 10 the story
BY . Tribune reporter last night said
al do not believe that there Is word OF truth
In the story. II such deal had been made woud
I'm all probability have heard OF 1t. l would luSi a.
readily believe that this Is burning rs TO believe
that an American syndicate had secured cOntrol OF
the Grand Trunk Railroad. While those Enghsnmeii
who own 1t have no more money than the law allow
them TO possess, do not think that they would give
mn the control OF their road.
Tribune reporter last night tried TO see Mr.:
Gould or Mr. sage. Mr.. sage, however. was fouhd
TO be ont OF the city, and at Mr. Gould's house no
one could be aroused TO the door bell.