New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-26
RAILROAD INTERESTS.
THE vANDERBILTS AND UNION fAOir ~


The rumors that the Vanderb!lts are trying 10 ga"
=, =. ,ha 1-nion Pacific Railroad In order 70
49,, clear line from coast to coast continue VIII"
area, nersistency FIRST It was !ntlmateu '"a' N
selection OF Chauncey NJ. Depew anu o''e'S a.
NTH the Vanderbi interests as receivers Va -
road uoud result in the VanderoiIts ee''ihs S
10 n.,s on tho line that It would eventually come
into their possession. More recently reports -
heen circulated to the effect that the 'a"'e'
,o,or.rg 10 have the mortgages upon the
IT,, ,o-ecIosed so that they could buy the properly
ov,rgbt ard reorganize 1t upon their own INES
w. ps,ur-ew Of South Dakota. has urged In the
United States Senate that the GoVerhhen' S"
,,recIose the mortgages on this ROAD ana assume
o,,ro and management OF the road When MI
r,anew was asked about The report yesterday he
EXPLAINED the position OF the Vanderb's IN the mat
ter by saying:
..1,ne vanderbilt interests do not wish and are not
,rv,ng 70 get the Union Pacific or any other lines
than those which they now have. The Union RACINE
receives an enormous amount or Uainc lfo" '"e
chicago and Northwestern In fact, without .he
6.b,caeo and Northwestern the Union Pacinc Hhe
lid hardly exist Now II Is to interest to nave
the Union Pacific in good shape 80 that traihc over
mo Chicago and Northwestern destined for western
points go right through When tne mo" Now
chic was first built K had no competltor5i law ev
there are the Missouri Pacific. the Northern Pache.
the Canadian Pacific and the Santa te a.! sruss mi
Tor the traffic. II the Union Pacihc Is not , wen
eouip2ed these roads will cut It all to pieces That
a. where interest lies. ana we 90 not seeh "
gain control Of the road ,,
7"As for Senator Pettigrew's PLAN that Is ABSURD
In the first place, the Government Is VIGOROUSLY a
moor business man. Then the road would be SUD
,ect TO the wh.rns and caprice OF every change OF
government. 4 manager would not dare 10 spend
any sum to improve the road to make 1t strong
contestant for pubic traffic wth) being hauled
m nv some Congressional committee for extrava-
rsnce The road would be manned by brohen-down
political hacks. and no order or discipline could De
observed The road would lose business and the
dstrc, Il runs through would suffer. The farmers
would be unable to get their produce to the markets
I'm time to compete with other farmers In the west
AIR Pettlgrews State Is agricultural one. ana the
very plan that he proposes. for the reasons that
have given would result In his State being prac-
Really cut of from legitimate compel itlon ana II
would suffer sorely for that reason We don't want
tho road but do want to II kept up so that
I, can serve as a feeder for us to the West.
HERE TO GET INFORMATION
The Board OF Managers OF the Joint Traffic Asso-
citation were waited upon yesterday by j. n. Fait-
horn and f. ~ Howe who were appointed by the
Western Freight Association with the concurrence
NJ the railroads leading from Missouri River terri
tory to Gulf Mexico ports to act arbitrator In
tho equalization OF rates TO these ports and 10 the
Atlantic ports
great deal OF grain has lately been diverted from