The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-13
MORE CONSOLIDATION.
Two Transcontinental Lines Talked
About-Possibly Three.

New York, July 12-The Tribune
says: One of the certainties of the not
! distant future, in the opinion of Wall
street, is the establishment of a trans,
continental railway line under Wander
! bilt control. The Boston & Albany, the
New York Central and the West Shore
are the Vanderbilt lines linking New
J York and Boston, the great cities of
| the eastern seaboard, with Buffalo;
and Buffalo is Joined to Chicago by the
Lake Shore. the Michigan Central and
| the Nickel Plate.
The Chicago & Northwestern, which
| is practically Vanderbilt road,
stretches westward from Chicago to
| Omaha, where it meets the Union Pa
cific, a controlling interest in which also
| the Vanderbilts are credited with hold
ing. The western termini of the Union
Pacific are Granger, Wyo., and Ogden,
| Utah, at both points the road connect
ing with the Oregon Short Line. From
Granger the Short Line runs north
westward to Huntington Ore, where
it connects with the Oregon Railroad &
Navigation line, extending to the Pa
cific coast at Portland; and from Og-
den a branch of the Short Line goes
southwark to Milford, Utah. from
which place the Utah & Pacific is being
built into California, it is reported,
with a view to enabling the Union Pa
cific to gain entrance to San Francisco
AS already said, the Vanderbilts are
commonly understood TO control both
the Northwestern and the Union Pa
cific. But the Union Pacific in turn
controls the Oregon Short Line, own
ing SIG, 023, 700 of its $27. 460. 100 capital
stock, and the Oregon Short Line viz
tually controls the Oregon Railway &
Navigation company. owning more
than SIG 900, 600 of its $4,000, 0G0 common
or linz nj CT IN he eli
100000 preferred stock, however, being
held by the Union Pacific, Northern
Pacific and Great Northern.
While it is well understood that a
cordial understanding exists between
the New York Central, under the broad
management of William K. Vanderbilt,
and the Pennsylvania under the guild
ance of its new president. a. J. Cassatt,
no one now believes. if indeed any one
has ever believed, that a consolidation
of these two great systems, occupying
such an important part of the field east
of Chicago. would be effected. As these
natural rivals in business are working
in harmony east of Chicago, so they
may by-and-by be found competing on
a basis of good faith and mutual re-
gard in the western country, for rumors
are beginning to be heard with increas-
ing persistency that the Pennsylvania,
like the New York Central, is contem-
plating an extension OF its lines TO the
Pacific The Atchison, Topeka & Santa
Fe is the road which report has it will
be combined with the Pennsylvania to
form the second great transcontinental
system.
A third transcontinental line, it is
believed by not a few observers of the
trend of railway ownership and afiilia-
tions, will some day be formed by the
consolidation of the Baltimore & Ohio,
the Great Northern and the North Pa
cific, but this combination is thought to
be further away than either of the
other two.
New York, July 12.-Rumors are cur
rent in Wall street that the Goulds are
about to consolidate their southwest
ern railway properties. The principal
story is to the effect that the first step
will be the absorption of the Texas &
Pacific stock by the Missouri Pacific.
to be followed by similar merging of
the Missouri Pacific with the Wabash
road. The st. Louis Southwestern, it
is said is to be annexed to the Missouri
Pacific.