The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-07-10
A RIG RAILROAD THREE
Vanderbilt, Morgan and
Rockerfellers Uniting
in B. & A. Deal.

William X. Vanderbilt, with a party
of friends, is up in Canada on fish
ing trio.
His absence from New York at this
time is construed by railroad men and
financial interests to mean that any
further changes in the New York Cen
trail will not take place until he comes
back.
Since the Boston and Albany was
taken over by the New York Central
the air has been charged with rumors
OF other gigantic railroad transactions,
ana they all are built up around the
name of Mr.. Vanderbilt In Wall
street, in the railroad world and among
financial institutions the name of Will
lam X. Vanderbilt has become one to
con9ure with for big transactions, and
while the majority of the stories that
nave been started are groundless, the
TACT stands out clear that Mr.. Wander
pllt mas established policy and that
ne is following it with persistent fidel-
lty When he came to take charge of
the vanderbilt interests after his broth
| er Cornelius retired he mapped out a
plan or consolidation and retrenchment.
ana he has followed it consistently
ana those who are in his confidence saw
that ne has not completed his task by
| long way. 1t takes time to bring out
these great changes, and the absorption
OF the Lake Shore, the Michigan Cen
tral, the Nickel Plate, the West Shore
ana the Boston ara Albany within the
snort space of his domination is re-.
garded as an exceptional achievement.
Inc great question to many is where
Mr., vanderbilt will stop. 1t is now
evident, and it has been substantiated
from trustworthy source, that per
maps three OF the greatest financial fac
toTs IN TINS country appear to be work.
ing together in harmony today and with
unity OF interest, and that certain
huge transactions have been completed
SIMPLY on account of this understand
ing. 1t is said that the understanding
To-Day between William K. Vanderbilf
j. Plerpont Morganand the Rockefellers
Is compete, and that their policy con-
| templates union of all their railroad
interests in the end when the change
can be consistently brought about.
ASIDE from this combination. il has
Deen shown that the relations of the
pennsylvania Railroad with the New
YORK Central-and that, of course.
means the triumvirate Of interests
haned-are of the most cordial andsym-
palmetto nature. The repeated stories
about. the New York Central, however,
are entirely unfounded Mr.. Wander
dit Mr.. Morgan, Mr.. galloway and
others interested have denied it abso-
iutely, but they admit that the under
standing between the two systems is
of satisfactory nature.
Chauncey M. Depew, chairman of The
board of directors of the. yanderbilt
system, who returned from E,ircne
Saturday, talked freely of the Wander
Dit plans. THE absorption of the Lake
Shore and the Michigan Central. the
Nickel Plate and the West Shore he
said, was simply the following out of
a policy that promised better things for
the roads. The trial has proved the wis
dom OF the undertaking. The abgorp-
tion OF the Boston and Albany was The
! logical result of traffic conditions in
New England. Forty per cent of orr
through traffic goes into New England
| When the New York, New Haven and
Hartford railroad secured control Of
the New England our only outlet into
! New England was with the Boston and
Albany and we only retained that nv
the closest kind Of traffic agreement
Then there was always the possibility
of that road falling into other hands.
ana thus we would have no way Into
| New England except through arrange
| ment with a competing line In self
defense. therefore, it was necessary to
| get Boston terminal and a line into
New England. 1t was a good bargain
for both sides. 1t gives US what we
need in New England, and at the same
time it guarantees to the Boston and
Albany stockholders just what the road
! has earned and is capable of earning
AS for consolidation of the New
York Central and the Pennsylvania
! that in the very nature of things is i'm
possible These two great lines AIN avs
1 have been and always will be keen
competitors for traffic. A perfectly cor
! dial understanding exists between the
two lines. and we hope will continue 10
do so. II prevents decentralization of
rates, keeps each keyed up to give the
Dest possible service, and healthy com
| petition between them, serves the best
interest of the public. The lines can
never combine, owing to the widely d.
Vergent interests and conditions. The
cordial relation between the two, how
| ever IS perfectly logical and the best
! thing Tor every one--the public, the
stockholders Of the roads and the lines
themselves"
plans for consolidation at present.
! The frank statements that have been
made not only by Mr.. Depew, but also
| by other officials in the Vanderbilt
system about protecting the interests
| of the Central in New England against
the New Haven, show that the rela-
| tons between the two lines are
strained. OF course the Morgan inter-
est In the New Haven and the Rocke-
Teller interest are friendly TO the Gem
| trai, but these are not dominant. The
| Tribune has pointed out the conditions
existing between the two factions In