The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-23
Other Roads Were After the
Oregon Short Line.
THE U. P. HAD TO TAKE IT
The Acquisition Makes It One OF the
Chief Factors in Transcontinental
Business-The Crows Nest
Pass Extension.

10 increase the common stock Tor the
purpose of making the e%xchang for
OREGON chor, rtna s,ooL ro,iar
800
mas recehtiy peeh issued recitihs '"e
action Of the directors. and the stock
holders. TO whom IL was addressed. will
r,aa, n, ~, vorL c,,, To- IN a.,
- ="
reject or ratify TINS plan. Inc reasons
assigned for this act are about as fol-
| lows.
-
An oi 'he auxiihry properties requi-
site to the rounding of OF the reorgan-
lied Union Pacific system. such as the
| rrnion pao,eo Coal tho pac,eo
EXPRESS company STOCK. the occioentai
a oriental steamship companys STOCK,
anu many branches ana otner proper
TIES nave peen acquired without Great
ing any Indebtedness peyohu the >sV'-
ooo,oo0 nrst mortgage ponds, issued uh-
DER the reorganization Inc company
Is, IN nhahclahy strone'
without any 1oating DEBT. ana with
considersple resources. TO secure con-
troi OF the oregon snort Line mas at
an times peen one OF the problems De-
lore those IN charge OF the ~reorganlza-
ton. While not quite one-third In
amount or the stock OF the Short Line
was secured in the interest OF the
| organization became complete, liberal
purchases an the open market had to be
made at prices considerably above the
ruling price for Union Pacific stock, to
acquire control, but even with this IL
was not found possible to secure an
actual majority until some of the Bos-
ton holdings were purchased in large
blocks a couple of months ago. by
which the Union Pacific secured con-
troll of the recent election. Without the
Short Line the Union Pacific would be
greatly embarrassed, through the COM
petition of the other lines through Den
yer connecting with the western roads
To Salt Lake and Ogden.
1t is stated on good authority that
several railroad lines have coveted the
outlet to the Pacific secured by the ac-
QUESTION of the Short Line, which
comes with the control of the oregon
Railway & Navigation system. n IL
was only by prompt and decisive ac-
ton on the part of the Union Pacific
hackers that such a contingency as
losing these connections was averted.
The earnings of the Short Line have
shown a development t~ustifying the
permanent acquisition of this system.
and when the deal is finally consum-
mated the big Union Pacific system will
forever, by reason of its geographical
position. be the chief factor in trans
continental business.
On the crows Nest Pass extension
from Lethbrldge. Northwest Territory,
west 10 hootenay Lake, Is. T., trains
are runnlng as far as Cranbrook. 200
miles. from kuskonook on Lake
hootenay. the cars VIII be taken by
parges uoWn the Iake ana the hootenay'
river TO Nelson, ~; e: where connection
VIII De made with the companys Co
lumDia ana hootenay branch, mus CIV
ing traf1c arrangements both ways to
hossland without breaking bulk. The
mas Two years in which to
the line 10 Nelson. n Vice
PRESIDENT Shaughnessy states that the
terms VIII De carried out TO the letter.
from LetnDrldge the line runs via NC
Leod ana Plncher creek. After leaving
the crows Nest Pass, which lies on
the boundary line between Alberta ana
BRUSH Coiumpia the lsne follows pref
y CLOSELY the stream known as the Mid
dle FORK, AFTER taxing a southerly
course along the Mlcha river To the
region OF the Elk river. Crossing the
hootehay river INTO the East kootenay
mIhihs country II goes up the west
slde or the river Tor 90 miles to Gram
urooh' 'hehce IL crosses the summit or
the Purcell range OF the Selkirk noun
Jams 10 Moyle river whlch II follows
TOT % mics untll IL strikes the Great
river valley Following mat river to the
head OF hootenay IA the gold mines.
n"ue" a peen heaiu' ne
Crows Nest Pass. The road possesses
great advantages in that IL esta blishes
a communication ween the gold and
the coke which is required for smelling.
IL also goes up the East K~ootenay
mountain which is most prom
Using. The country crossed by the rail-
road is mountainous. but the valleys are
wide. and contain much land good for
agricultural purposes. besides fine graz
ing lands. The lake and waterways are
navigable the year round.
From Morrissey creek, about Al miles
west of the summit. II is intended to
build a branch eastward up the creek
about -four or five miles TO the coal de-
posits. A branch to Port Steele is un-
der consideration, to run up the east
side of the Kootenay river to Winda-
mere, thence west across the river and
up Toby creek: thence over the Sell
kirk range to the foot of Duncan lake.
and from there ND the Lardo river TO