Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1898-12-29
RAILWAY NOTES.

The Chicago & Northwestern has Is
sued leailet illustrating the old and
new ways of seeing Mexico This com
pany is to start a personally conduct
ed tour through Mexico and the south
ern states, leaving Chicago February
8. 1t will be under the direction of ].
j. Grafton, who has made q tours
through the land of the Aztecs.
At Beloit Wednesday evening an ex-
ira freight train going west and a pas
senger train going east collided with
considerable force in the yards of the
Chicago, Milwaukee & ST Paul road.
The freight should have waited at Be-
lott Junction for the passenger to pass.
Both engines were damaged and the
tender of the freight engine was forced
back into the car behind it, Engin-
eer Crowley of the freight engine
jumped out of the cab window and il
was thought when he was lifted from
the ground that he was badly hurt, but
his injuries are slight. The accident
was due to the freight crew overlook
ing the time and the presence of the
passenger train. Baggageman Delos P.
Jackson of Madison was quite badly
shaken up.
1t is reported that a combination of
the Vanderbilt system east of Chica-
go with the Chicago & Northwestern
and the Union Pacifc system may be
under consideration. The New YorN
Central will, under such a scheme. ex-
change its 312 per cent. collateral trust
bonds for Chicago & Northwestern pre-
ferred and common at 200 and 15o and
for Union Pacific preferred and COM
mon at Zoe and 80, respectively The
mileage of the New York Central sys-
TEN would then stand at 1926. with
a bonded debt of S492 600 600, $348. 000,-
600 31a per cent. collateral trust and
$100,000,000 stock The grand total Of
fixed charges would be S31 ,555 600 Ac-
cording to the latest published returns
and estimates the net earnings after
rentals and taxes, would aggregate
$46,350,00 for the system. leaving
balance of S14795,00O after lXed
charges, or about 10 per cent. on y
York Central stock.
The report that the Vanderbilt lines
east of Chicago might be combined
with the Chicago & Northwestern and
the Union Pacific is by no means a new
one and seems to be not improbable,
although the joining OF forces is not
likely to be effected for a good while
to come The consolidation of the New
York Central and Lake Shore roads,
it is understood has shown results so
satisfactory to the interests which
brought it about that they are planning
to extend the plan to the Michigan
Central and other lines of the Wander
bllt system, While the Chicago 4
Northwestern is not actually part OF
the system, the Vanderbilts virtually
control it and their holdings OF Union
Pacific securities are so extensive that
they are influential in the direction OF
that railroad system. BY increasing
their investments in Union Pacific TO
an extent necessary to give them con
troll they would have fine route TO the
far west by the New York Central and
the West Shore to Buffalo, by the Lake
Shore and Michigan Southern, and the
Michigan Central thence to Chicago,
from Chicago TO Omaha by the Chicago
q Northwestern and from Omaha west
ward by the Union Pacific. The Union
Pacific is still regarded as most likely
TO be the purchaser OF the Chicago &
A e q
its own subsequent absorption by the
Vanderbilt system would give the lat
ter an alternative route between Chi
cago and the far west. as the Alton eX-
tends from Chicago to Kansas City, the
terminus of the Kansas City branch or
of the Union Pacific. which Joins the
main line at Cheyenne