The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-11-09
Hill and Vanderbilt Seek to Con-
troll Oriental Trade.
GREAT FUTURE RECOGNIZED.
\ Really Transconttnenta1 Line
Fvsn the Atlantic 10 the Pae'nc
the Ambition Of the Two Master
fuI Ffnanciers-R~vtew Of the
Situation ~ IL Now
Aroused Capital Turns Westward

II Is now generally accepted tact ina,
tire two great railroad giants OF the Unit
ed States, II noi % tae woriG. HUI ara
Vanderbilt ars. in active training for the
greatest erycrt Of their lives in securing
a really iranscontiDeutal line from tide
water on the Atlantic 10 tide water on TIE
Northwest Pacific coast, In order TO meet
the rapidly increasing trade OF this coun-
try with China ard other points in the
Orient in general
Mr. HiiI was the first TO foresee the pos-
sibiiilies and appreciate the full. CONNER
cial Importance OF this traffic and az has
for years bent his best energies to securing
the lines and waterways necessary 10 ac
complish results with Seattle as his piy
otai point Of departure for the Orient The
great financiers os the country are begin
ming to realize. az the results Of Mr.. HITS
an0rs. that this field for Investment ard
extension Is not only growing but viii be
limitiess in the course Of few years.
Hence. the yanierhiits whose close con-
sentative methods have heretofore confined
their field of operation between the At
lanfic coast and the great lakes. have az
last beer aroused 10 action and are now
seeking 10 secure control Of the Inks that
viii furnish them with an unbroken line
from New York TO Astoria az the mouth
OF the Columbia river To this end they
are making strenuous efforts 10 get control
OF the Oregon Short Line and the O. r &
N. and Mr.. I'm Is making an equally Wig
orons attempt 10 prevent their doing so.
The struggle therefore. for the North
west Pacific coast terminals is today be-
tween James J. HiIl and the Nanderollts
Mr., Hin. who has given every evidence Of
being master mind ut railroad diplomacy,
played "A trump card recently in securing
nominal control Of the o. r. e. "
Htirx Shrewd Move.
Mr.. Hin has figured II out TO his own sat
isfacilon by personal observation that
when the Oriental trade IS once fully deyel-
oped II VIII necessitate a s.Do-ton ship
sailing eut OF Seattle harhor every day OF
the year. to properly handle the business
and, With this possibility ever before his
mind he has been shrewd enough 10 lump
In al the right time and secure control OF
The Pacific Coast Company with ali OF lis
railroads, great wharxes and magnificent
coal fields This Is said TO ne part of ais
gigantic transcontinentai and Oriental
scheme His further ambition IL said 10
De to possess a line direct To the Atlantic
coast. and In fursherauce of this he has
been making overtures TO secure control
OF the heavily mortgagea Baltimore &,
ONO road. which would give him an initial
Iine from the seaeoast 10 Chicago and
leave gap between Chicago and ST. Paul
OF little over go miles 10 be filed 40
SOON as cohtfo' OF some one or other of the
many roads between those points can no
secured. With this chain Of roads COM
piefed. Mr.. Eiill would then actually pos
5ess the only ira nscontinental line from
sea 10 sea. for II is fact that at the pree-
ent time there Is no tTanscontneDtsl line
that goes east Of the Missouri In this re-
snect only the Canadian Pacific can claim
TO BIO literally a transcontInentai line.
NH vs. Vanderbilt
This IL said 10 be tile project on which
Mr.. Hlil Is at work and in which he Ia on
posed ny the Nanderbilts. who are seek
ing tn accomplish the same plan nv wnv az
Portland. with the mouth Of the copumhfs
as their Pacific coast terminal Mr. r.
Hammond. who built and Is operating tn.
Astoria e. Columbia river line between
Portland ana Astoria Is said To he ra,or,.
bic To the proposition. and Ia be working I'm
the interest OF the Nanderhits. The Van
derotts own the Lake Shore & Ntrhic~,n
southern. which takes them into Chicago.
they also control the Chicago G Narth
western. which carries thens on 10 Omaha
and from there they go over the Union pa
cifie 10 Ogden In Utah and Granger IN wv.
o,hihN- ~ THESE points the control OF the
Nafsiereilts ceases and their efforts are nor.
said 10 to centered In getting ira o-a,.nn
Short Line 10 take them 10 Uiinttny+o, a..
the q. K 4 y. 20 carry them Ia pny.lars
where they would Connect with III As.N,t
road 10 the mouth OF the e,olurhia =,
toris II Is said to be the intention re ~
NanderTits tn erect elevators and wharvn.
or canacitv Ia meet the prospective graz,
and Oriental trade s'''"
Control of the q. u. 4 "
The financial combinations cnn.ro,,,,,x
the affairs of the . H & n may no
summed M about as follows. No, varx
long ago the .. K. & n Carrnanv wac
controlled by The preferred sfockhel1nrz
representing about 81 e0 600 That stoek
was owned by the Great Northern Nurth-
ern Pacific and Cfsion Paclnc. each ha,-
Ing one~thtrd. iiiil at that time controlled
the Northern Pacific and consoa,,entl,
twe-thirda Of the q. H. & y stock .rhts
accounted Tor the reelection OF \ J.
Mohier To the presidency of The latter
company The common stock az the com
yany. amounting To about xis 90 nAa ,,i,t