Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-07-12

More Talk Of the Vanderbilt Consolidation
Westward.

HHNN W. ~ HMNN NN AAANHH'"
says. ono of the certalntlcH of the not
distant future. IN the opinion % Wall
street. Is the establishment OF a trans
continental railway line under Nandef-
bit control The Boston a Albany the
New York Central and the Wost Shore
are the Vanderbilt lines linking New
York and Boston. the great cities " the
Eastern acaboard. with liunului and
Bunhlo n Joined 10 chicago by, the
Lake Shore. the Michigan Central aud
the Sickcl Plate.
The Chicago q Northwestern, which
~ practically q Vanderbilt road.
Omaha. whore Il meets the Union Pa
cliic. q controlling Interest In which
also the NundCrbiltH arc credited with
holding. The Western tcrminl of the
Union Pacific are Changer. Wyo and
ogden. Utah, nt both points the road
connecting with the oregon short
l.lnr. From Granger, the Short l.lne
runs northwestwurd 10 Huntington.
or, whore u connects with the oregon
Railway A Navigation line, extending
% the Pacific coast at Portland; and
from ogden branch ~ the short Line
goes south "a Milford. Utah. from
which place the Utah n Pacific ~ be-
ing built into California. 10 la reported.
with view TO enabling the Union Pa
cinc 90 gnin entrance tn san Francisco,
As already said. the NanderbilW are
commonly uudorHtood % control both
the Northwestern and the Union Pa
cihc But the Union Pacific. In turn
controls the oregon Short Line. own
Ing i2G.023. 200 ~ ~ ,2i,ie0l 100 capital
stock. aud the Oregon Short Line vlr-
tually controls the oregon Railway a
Navigation company. owning more
than SIG 600 ~ IT, 32iu0O,OO0 common
stock. q controlling Interest In the Sill
hold BY the Union Pacific. Northern
paclnc and Great Northern.
The voting power ~ the Oregon
Railway a Navigation compnny'H
stock, u should be- said. Il lodged with
the Central Trust company Of New
York. the preferred stock having the
right 10 nominate ton directors and the
common fvc. with these several con-
trolls within controls. Wall street
argues. Il will not be- beyond the power
OF william X. Vanderbilt 10 realize tho
ambition which he IN everywhere be-
licycd TO cherish ~ coalesclng these
connecting lines into a vast system
from ocean TO ocean
While Il ~ well understood that
cordial understanding exists between
the New York Central, under the broad
management of William X. Vanderbilt.
ana the Pennsylvania. under tho guild
uncc ~ ~ new president, A. J. CAS-
the development uf plans Tor u
division NJ territory in New England
and 10 an agreement 90 act together
IN the maintenance NJ rates, no one
now believes ~ Indeed any one ever
has believed, that consolidation ~
these two great EyHtomH occupying
such an important part % the field east
81 Chicago would be effected A. these
natural rivals In business are working
In harmony east u Chicago. 80 they
may bye and bye be found competing
on a basis of good faith and mutual re-
gard In the Western country, for ru.
murH are beginning % be heard with
increasing perHlstency that the Penn
Hylvania, like the New York Central,
la contemplating an extension ~ rs
lines 10 the Pacific. The Atchlsun. TOpc-
ka and Santa Fc Ia the road which re-.
port has Il will he combined with the
pcnuaylynnia 10 form the second great
trunscontinentnl system
The Atchlson ~ In itself an enormous
system, with It's nearly 1000 miles uf
length and H. capital stock OF sg8l-
100000. ana bonds outstanding 10 the
amount " &l2G,0oo,0000 but this ls an
era Of colossal combinations, and IL ls
well within the bounds OF possibility
that the two systems may conicsce.
The AtchlHon has 70 clear line ali tho
way from Chicago 20 Moiavc. IN south
ern California. II uses the Southern
Paclhc's tracks FOR the Gs miles be-
tween MOiayc and BnkyunCld from the
latter place reaching san Francisco by
the line acquired by 10 last year. tho
san Francisco and san joaquin Valley
road Recently the buying ~ Atchison
mas been Tor tho account uf auhatnn.
tlM interests. The ROckcfollars nre
heavy owners OF Atchlsuu securities.
nnd lt is significant fact that tho
Rockefcllcrs have, within the last
month, been active buyers OF Penn.
aylNunlu stock
a third Unconstitutional line. Il 81 be.
! llCvDd by not "a few observers of tho
trond OF railway ownership and afUlln.
! TONS, VIII some day Boz formed by the
consolidation ~ tho baltimore q Ohio.
| the Great Northern and the North Pa
clilc' but this combination rs thought
10. De further away than either OF the
| other two,