The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-10-20
The Vanderbilts Want a Trans
continental Road.
CENTRAL PACIFIC INCLUDED
In the Negotiations Now in
Progress With Huntington
Long Cherished Project.

The shipping public on the Pacific coast
Us watching with keen interest the cut
come of the reorganization Of the two
great transcontlnental systems, the Nor
Uhern and Union Pacific. Good authority
In the East has announced q new scheme
In connection with the Union Pacific.
Ever clnce the famous traffic contraist
was made between the Union Pacific and
uhe Chicago and Northwestern railroads
whereby the former secured the r.eft
to dictate the through rates from the
West to CLIicago and the latter the
through rates from Chicago to points on
the Union Pacific west Of Omaha, rumcrs
nave been current that the Vanderbiits
would sooner or later secure full controf
Of the Union Pacific property. A plnn for
the reorganization Of the Union Pacific
is now in course OF preparation and the
preliminary steps already taken indicate
beyond a doubt that when the Union
Pacific gets out of the hands OF tAe
rejceivens 1t Will be controlled and op-
Grated by the Chicago and Northwestern,
which is one of the Vanderbilt roads.
The reorganization committee, which
has Just been announced, has amOng its
members Cllauncey M. Depew, president
OF the New York Central, and Marvin
Hughitt, president of the Chicago and
Northwestern. These two able lleutenants
of the Vanderbilts will no DOUBT be able
to control the other members Uf the COM
mIlttee, who are mostly presidents OF
trust companies holding Union Pacific
securities. 1t is believed the Vanderbats
now hold majority of the Union Paciiic
securities. At one time Jay Gould held
a controlling interest in the Union Pacific,
and this 1t Is said, has been absorbed
by the TandeTlbkts.
A dead Is said to have been made De-
tween George Gou.d and the Vandervilts
whereby the former Is to be given con-
troll of the Kansas Pacific, which IS 10
bo operated by the Missouri Pacific, wViAe
the latter will take the main tine or une
lSUnion Pacific from Omaha west and
make II a part Of the Chicago and Nortn-
western system. The VanderDltB nave
no use for the Kansas Pacific, as they
haye no line to Kansas City to connect
with it; and besides, the 1nadn line OF the
Union Pacific from Omana VIII have
them an outlet to Denver, via the jules
burg cutoff.
with tho Union Uacific in control OF
the Chicago and Northwestern, the lat
ter wlll have q. direct ami independent
line from Chicago through to Ogden and
Salt Lake, with o. branch line to Denver,
Wihich will give II a great advantage
over the Burlington and Rock Island
roads, which rum only to Denver. ShouEd
the Vanderbltts also be abe to keep the
Oregon Short Limo In the Union Pacific.
they wiz have independent lines from
New York through to Portland, Oregon.
The most startling rumor which mas
SateTy gained currently Is that the Wander
bits took stlla further than the acqiisi-
tion of the Union Pacific and Oregon
Short Line. Their great aim and object
is said to be the control of a line through
to San Francisco, and to gain this end
It is said they are now negotiating With
C. p. Huntington, with view to secur>
ing control of the Central Pacific branch
of the Southern Pacific. AS mas
been Frequently stated, the SoutRi-
ern Pacific has been making strenuous
efforts altely to divert a,c the business
1t couId from the Central Pacific 10 ITS
Southern 1ino via New Orleans. by
doing TINS 1t gets the entire haul IRON
the Palalhc coast to New Orleans. Wn.-e
on business going over the C9atrai fd-
cIhc II gets the haul only from Oeuen 10
San Francisco. The Southern Pacific has
mo- longer any use for the Centra. Pa
cfic except to keep composition out OF
California. Mr.. Huntington and The other
Southern Pacific magnates know quite
wel that if the Vanderbilts want Ene 70
San Francisco they have the means 10
build one, and consequently they woe,lu
prefer, no doubt, to give up the Central
Pacific to them as In THAT event the
Southern Pacific will continue to hold
the terminals from Lathrop TO SAP Franz
icsco and thus continue to control tine
Pacific coast railroad situation so far as
coast terminals are concerned.
The new plan for reorganization OF The
Unicn Pacific Is said to provide fer the
raising OF $i00O0,0OO on which per cent
interest and co;mRlssion WIFI be allowed.
| But before any definite action is taken q
| determined onelaug'nt win be made upon
| congress to secure some action that VIII
relieve tho nov company from the burden
| Of llhe government debt.