The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-09-09
70 BUILD ELEVATORS.
President Stickney Borrows Big
Money Abroad.
FIRST STRUCTURE Is GOING UP.
New Factor la the Market Which IL Like
ly to Control the Southwestern Grain
Trade-Eievators To Be Erected In Kan
sss City, st. Joseph, Omaha, Lesvenworth,
Topeka. Minneapolis. st. Paul, and Liv-
erpool-Big scheme Made Public.

Topeka. Minneapolis, st. Paul, and Liv-
erpool-Big scheme Made Public.
st. Paul, Sept 9.--The Dispatch says:
Some six weeks ago President Stickney
of the Chicago Great Western railroad
threw a bombshell into the camp OF
competing roads at a special meeting
of the interstate commerce commits
sion at Chicago. This was the first
intimation of the existence Of several
gigantic schemes in the grain carrying
line which took root in the fertile
mind of Mr.. Stickney, and are made
practically public property by the re-
turn from Europe of Ansel Open
helm, whose mission was TO secure the
large sum of money necessary TO the
promotion of the project. When 1t rs
stated that Mr.. Oppenheim secured
something like s., O00. .00O an idea is at
once conveyed OF the immensity Of
the project. as well as the confidence
of European investors in American Sc
curites.
Opening of the Scheme.
When before the interstate commerce
commission MIR. Stickney told them Of
the existence of two corporations OF
which they probably had heard. but
to which they had attached no import
ance. namely, the Iowa Development
company and the Anglo American
Grain and Provision company. He
went on to explain that the ownership
OF the company and the Great Western
Railroad company were practically
Identical and that the reason the road
got the southwestern grain business
was because the road was a grain buy
er. 20 all purposes. and was hauling its
own property But President Stickney
did not tell the commission. because
II was not necessary. that the great
plan was just then i'm embryo.
And at that moment Mr.. Oppenheim
was in London engaged in showing
capitalists the best opportunities which
lay in the great railway and elevator
system. of which the Chicago Great
Western railroad. the Anglo American
Grain and Provision company and the
Iowa Development company were to be
the nucleus. This he exploited to their
satisfaction, and now he is back to st
Paul with the money necessary to the
furtherance of the plan.
VIII Erect Line of Elevators.
1T may ne DlltllN lidl II - liS
| intention of the enterprise TO erect a
series of elevators reaching from the
| east to the eaboard. the first of which
is now in process OF construction at
| Kansas City. one each at st. Joseph
Omaha Leavenworth, Topeka, and
| Minneapolis. with two large terminals
at St Paul. one at Buffalo, and one
probably at Liverpool. will be neces-
sary to the scheme.
1t is understood the three corpora
| tions will be practically consolidated
| and. between buying and handling
will largely control the grain and pro-
vision trade of the southwest. The
precise details of the deal are. difficult
| to be reached. as the officials and those
| concerned are reticent until terms are
more thoroughly settled, but ii is GER
tain the great dream OF President
| Stickney's life seems i'm a fair way 70
| be realized and very shortly.