Arizona republican., 1899-01-28
PLANNING EXTENSION
The VdndcrbiIfS Anxious to
 Reach Pacific Coast.
Movement to Effect a Consolidation Of All inc Lines in Which They Are iniere Sied.

New York, Jan 27-The re -ent sen sati-nal risa in the value Of the stock of the New York Cent. al railroad has been accomplished by a number of rumors as to changes and oombina- tions which will greatly enhance it's value. The officials of the New York | Central have denied that there is any plan On foot to make any substantial change in the property, but people in Wall street insist that something i'm Icrtant is under way; and certainly those who have followed stock quota tons and reascn from them have good ground to believe that something un- usual may be contemplated.
 Within the last two weeks there have been a series of most important conferences at ithe G~and Central Sta tion. William K. Vanderbilt. who conceived and executed the consoli- dation of the Lake Shore and the New York Centr3l. has been a central figure in these conferences. He has called to consult with him railroad men from all over the country. Tcge her with C-rnelius, his brother, he has been daily in close consultation with the operating officials as well as the men Who control the sock Of the Chicago &, NorthWest ern, the Union Pacific and
 
 reason to believe that gigantic conn tinatf0n Is proposed that will give the Vanderbilt interests a through trans continental line with fhe New York central as the parent company. There IS ground to believe that the plans for such consOlidaticn are already drafted and will be announced in time
 The fact that the consolidation of the Lake Shore, the Michigan Central and the New York Central has proved so satisfactory is Icioked upon as an Incentive for the mcn who perfected it to extend thefr scope Of operation, and an argum3 3nt tc use With those who are opposed to it. The Chicago & North western is now a Vanderbilt line: the Vanderbilt interests in the Union Pacific are dominant, and Ghe Oregon snort Line is contrCllei by the Union Pacific. The benefits Cf c,nsolidat on are shown mere clearly to the Wander bilt officials each day, and many peo- pl0 think that this new plan of con solidstion is nearing perfection.
 The Vanderbilts have been anxious for long time c9 establishing d.-s rect connccticn with San Francisco. 1 They recognized that tfle satisfaction Of tha first and sec3ld mortgages of the Central Pa-1fc would require an Sl l L than would be needed 70 build an inn measureably better r-ad through an I easier country than that traversed by Hu1tington's line. Aceord.ngly they are determined to build an extension from Ogden to San Francisco. With rails at $17 a ten and other material co spcndingly low, they can con- StTu,t su h a road fer ha tie amount that it will take to get the Central Pa cific out of the hands of the govern ment
 Just in wtat dir-ction from Ogden t5w3rd Cal fOrnia the proposed eX- tens on will be carried no one on the outside knows. On this p-int the New York central folks keep their council closely. It has been stated that the road would be carried sicuth through the Utah coal fields with one branch entering the San Joaquin valley through Walkers pass, while another would find it's way over the Mojave desert, and from thence into southern Califcrnia. These, however, ara merely the surmises of wel-informed men. The only positively ascertainsd facts that the New York Central is about to mako California the objective of the great system it has built up, and that in doing so it will construct a road which will prove a genuine competitor Of the Southern Pacific system