Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-04
TAKING IN The
CHICAGO 3 ALTON
Vanderbilt, Rockefeller and Gould
Interests We're Combined.
HARMONY FOR FIRST TINE.
How These Great Financial Interest.
Got Together on the propo-
siiion.

Ncw York. Jan. i-Thc Tdhual
says;
An interesting story concerning tho
l,octefclioru and c"Aiion dcai' ir cur
rent in Wall street. The Hockcfouors
own o. controlling Interest ln tho Ans.
romi. Kansas q Texas road. and both
John -. nrd William ijockcgciicr are
ou the board of directors. The line ex-
tends from Galveston 10 H. Louis. la
earnings have not hccu uf satisfactory
rizc and the hcat prospect " improving
a." property In that respect seemed to
100 controlling interests lao DE- In aruc.
Ing for their railroad un outlet 10 chi
cngo. So a while ago tho Rockcfellcrs
entered syndicate. OF which Iicuiy
liudgc OF llallgartcn and Company. and
Edward u. Adams were other meme
horr. To take over the st. Louis. Peoria
a northern rad. which h already built
from -. Louis to u point beyond pcu-
rlu. H., ana a. construct frum the
point mentioned to East clinton. H.. a
distance " about iOu miles. 10 road to
b. known ~ the ~ Louis aud North
shnrv Line. ~ East Cutun the line
would connect with the chicago Mil-
wnukcv q H. Paul and the chicago q
Northwestern roads. over the tracks ~
one ~ which the trains OF the Mis-
touu Kansas & Texas. would be-
carried tu the outskirts u chicago.
There connection would be- made with
the tracks ui the Chicago Terminal
Transfer company. giving the Missouri
Kansas 4 Texas cars direct entrance
Into chicago.
The syndicate organized also the La
cl"dc Continuation Company 20 build
the st. Louis nnd North shore Line"
hut NO construction has yet been un-
dertakcn by ~.
By the building of this piece Of road
ana by the other arrangements outlined
above the ltockefellerH would have
been enabled to get their ears all the
way Ia Chicago. whore among other adj
yuntngos. the Missouri. Kansas a Tex
~ would huy. chance to carry grain
To- the our. ana Sir. Adams. who "
Interested In the chicago Terminal
company. would have secured "a good
customer FOR trackage and terminal
PRIVILEGES from that company
liut a few weeks age the Chicago and
Alton road came into the market. The
Alton ~ Well equipped property aud
the shortest line between chicago ana
galveston. I .i01 miles In length. " that
over the tracks ~ the chicago q Alton
and the Missouri. Kansas a Texas, ana
roads affiliated with them. IN" l,ockr-
fellors entered the syndicate for the
purchase ~ IN" Alton, the amount OF
their subscriptions being said 10 have
been 5000. 600. Having thus arranged for
"a satisfactory and Immediate extension
NJ their Rad from st. Louis to chl-
cage, they naturally We're not 30
anxious 40 they had been 10 promote
the construction Of the line from Peoria
northward aud II N said that they
have within the last few days with
"A
cato-not. however, without u protest
on the part ~ their associates, \ rep
r~srntntlye 81 AIR. Adams said; we
do deny that the NJ, X. n u. IN In the
.. a a. syndicate, but We dc affirm
that the RockofellcrH arr Htill interested
in the st. Louis a North shore Lane.
and the construction Of that line VIII
$50 on just the same"
The Chicago A Alton, u II said. VIII.
after It's purchase u effected DE- man
aged hy a Joint board ~ directors rep
rrsenting the several interests partic-
ipatlng In itH acquisition. The ryndi-
cntr was formed. II N Understood, by
H. II. Hartman. who has represented
In the negotiations with the ATOMS
owners more cHneclnlly the Interests
~ the Union Pacific, ana the Illinois
Central Tho Nunderhllta VIII BE- IN
tarcst.d IN the Alton management
through their large holdings In III"
Union fnriNft " NOT lNh''AF w ~ ~
reported through the presence or the
Michigan Central as one 81 the con-
trolll1g group 81 railways, The lloclie-
feilort viii have a share In tho conduct
~ the Alton. through Missouri, Kansas
a Texas. and the Gouldn VIII have a
rOrreapondlng interest through their
Missouri Pacific road II T. believed that
the taking over ~ the Alton marks tho
first occasion ON which these three
great financial Vanderbilt.
Rockefeller and Gould-havc Joined
f,,.,s.r la rniltvuv direction