The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-09-09
HE MAKES IT STICK
PRESIDENT sTICKNEY'S GRAIN
HANDLING SCHEME GOES.

Five Millions of European Capital Ready te
Effect the Consolidation of the Chicago
Great Western Railway, the Iowa De-
yeIopment and the Angio-Americar
Grain and Provision Companies-Line OF
Elevators From Kansas City to Liver
pool-Grain Buying and Grain Garry
ing Combined in One Colossal Plan.
ST. Paul, Sept s.-The Dispatch today
says: Some six weeks ago President A
3. Stickney Of the Chicago Great West
ern railway threw a bombsheil into the
camp OF competing roads at spec1ai
meeting OF the interstate commerce
commission at Chicago. This was the
first intination OF the existence OF sew
eraI gigantic schemes in the graln-caT-
ry5ug line which took root in the fertile
mind OF Mr. Stckney and ere made
practically public property by the re-
turn from Europe Of Ansel Oppenheim,
whose mission was TO secure the large
EIm Of money necessary to the promo
ton OF the project When il is stated
that Mr.. Oppenheim secured something
like 5000, 900, an idea Is at once con-
veyed OF the immensely Of the project
ss well as the confidence Of European
investors N American securities. w hen
before the interstate commerce coEnrnls-
zion, Mr.. Stickney to.td them OF the ex-
isteIice CT two corporations OF which
they probably had heard, but to which
they had attached no Importance,
namely: TIE Iowa Development COM
pany and the AngIo-American Grain
and Provision company. He went on TO
explain that the ownership OF the COM
panies and the Great Western railway
were practical Identical and that the
reason that the southwestern grain bus
mess was carried AZ lower rates, was
because the road was a grain buyer, to
az intents and purposes, and was haul
Ing its own property. But President
Sticbney did not tell the commission,
because IL was rot necessary, that the
great plan was just then in embryo,
and that at that very moment Mr.. OPP
penheim was in London engaged in
showing capitalists the great opportI-
mites which lay in a great railway and
elevator system Of which the Chicago
Great Western railway, the Iowa De-
velopnent and the AngIo-Amzriean
Grain and Provision companies were
10 be nucleus. This ne explained TO their
satisfaction, and now ne is back n St
Paul with the money necessary TO the
fuptherance OF the plan
1t may be briefly stated that II IS tia
intention Of the enterprise to erect a
series Of great elevators, reaching from
the west 10 the seaboard, the first OF
which is now in process Of construc-
ton at Kansas City. One each at St
Joseph. Omaha, Leavenworth, Topeka
and Minneapolis. with two large term
ntnals at St Paul. one at Buffalo and
one probably 81 Liverpool, win be nee
essary 70 the scheme.
It IS understood that the three corpor-
Huons viii be practically consolidated. /
and between buying and handling. VIII
largely control the grain and provision
trade Of the southwest.
The precise details Of the deal ara dif-
fcult to be reached, as the officials and
those concerned are reticent until the I
terms are mora thoroughly settled, but I!
II is certain that the great dream OF /
President Stickney'S life seems in a far /
way 10 be realized, and very shortly.