New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-07-09
A BIG THREE IN RAILROADS
GREAT FINANCIAL FACTORS WORKING
IN HARMONY.
W K VANDERBILT. !. P. MORGAN AND THE
ROCKEFELLERs CO-OPERATlNG-MAf
EXPLAIN BIG TRAFFIC con
SOLIDATION.


sOLIDATION.
William X. Vanderbilt with party OF friends
is up in Canada on a fishing trip his apsehce
from the city at this time Is construed Dy ron
read men and financial interests 20 mean tna'
any further changes In the Nf@NforK CeH
tral will not take place until ne coIheS
hack Since the Boston and Albany WAS
taken over by the New-York Central the ar
has been charged with rumors OF other gigahtlc
railroad transactions, and they all are Duli'
I'D around the name Of Mr.. Vanderbilt In wall
Street in the railroad world and among imam
o,oI ,rstitut,ons the name Of William X. Nan-
derbut has become one TO conJure with lot ols
,rorsoctions and while the majority OF the
stories that have been started are groundieSs'
the fact stands out clear that Mr.. VanuerpHi
~ os.oblished q policy and that he is follow
,~ q with persstent fidelity. When he came
to ta,e charge Of the Vanderbilt interests al'er
his brother Cornelius retired he mapped OUT
rlan of consolidation and retrenchment' ana ne
hoe followed II consistently. and those who are
ir his confidence say that he has not coHple'eu
,ts toel, b, q long way II takes time to bring
-. +bos. Great changes and the absorption or
the Lake Shore, the Michigan Central the
Nickel Plate. the West Shore and the Boston
and Albany within the short space OF his doihi-
nation IS regarded as an exceptional achleNe-
ment ~
The great question 10 many Is where Mi.
Vanderbilt will stop. 1t Is now evident anu II
has been substantiated from a trustwor'hy
source that perhaps three or the gredteS'
financial factors in this country appear 10
be working together in harmony to-uay anu
with q unity Of interest. and that GER
rlotod simply on account Of this understand
tho II is said that the understanding to-day
between William X. Vanderbilt j. PierpohI
,forran and the Rockefellers Is complete anu
that their policy contemplates a union OF all
their railroad interests in the end, when 'he
change can be consistently brought ABOUT
Aside from this combination II has been shoN'
that the relations Of the Pennsylvania Ram o"N
with the New-York Centra-and that OF COURSE
means the triumvlrate of interests hameu
OF the most cordial and sympathetic nature
The repeated stories about the New-forK oeh-
trol however are entirely unfounded Mr' van
derbilt Mr. Morgan. Mr. Callaway and others
interested have denied II absolutely put 'he'
admit that the understanding between the TWO
systems Is OF a satisfactory nature
NEw-ENGLAND OUTLET NEEDED.
Cbauncev NJ. Depew chairman OF the Board
of Directors Of the Vanderbilt system. VINO re-
turned from Europe yesterday talked freeV VI
the Vanderbilt plans. The absorption Oh ''
Lake Shore and the Michigan Central the
Nickel Plate and the West Shore, ne saiu
"was simply the following out Of policy tha'
promised better things for the roads the tria
has proved the wisdom II the undertakihs
The absorption OF the Boston and Albany was
the logical result OF traffic conditions In Ne" .
England. Forty per cent OF our through tram
goes into New England. When the New 1oiA'
New Haven and Hartford Railroad secured CO.."
troll of the New. England our only outlet lh'o
New-England was with the Boston and Albany,
and we only retained that by the closest KIM ~
traffic agreement. Then there was always 'he
possibility Of that road falling Into other ha"u''
and thus we would have no way into NeH"-Ehs
land except through arrangement with con"
netting line In self-defence therefore, IL was
necessary to get a Boston terminal and iihe
into New-Engand. 1t was good bargain lo'
both sides 1t gives us what we need In Ne"
! England and at the same time II guarantees
10 the Boston and Albany stockholders JUS.
what the road has earned and is capable u
! earning.
"As for a consolidation OF the New-Iork Ten
! traI and the Pennsylvania. that In the very MAJ
urc ~ things is impossible. These two great
| lines always have been and always Will be Keen
| councillors for traffic. perfectly cordlai uh
| derstanding exists between the two lines, anu
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