Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-07-20
Big Consolidation Scheme Said
to be
INCLUDES UP. ANDO.S.L
And is Capitalized For Nearly One
Billion D0llarS--U. P. to Build
a Double Track.

New York, July 2O.-The Herald says:
A deal is under way involving the com
bination of at least four prominent rail-
roads and perhaps two or three more,
making a complete trunk line from the
Atlantic to the Pacific. The scheme in
wolves a merging of several of the prop
critics in which Kuhn, Loeb & Co., E. H.
Hartman and Speyer & co. are interest
ed, and, with their friends, exert a con-
trolling influence. Among these prop
critics are the Union Pacific. the Illinois
Central and the Chicago & Alton, the
Oregon Railway & Navigation
and the Baltimore & Ohio. 1t is asserted
in some quarters hat the Great North
ern will come in, but this is considered
doubtful, although James j. Hill is close
ly associated with several of the gentle
men who are prominent in the railroads
, mentioned. This combination will give a
compact system and will bring about a
revolution in traffic alliance. The Union
Pacific is the keystone. It's closest con-
nectiOn at present is the Chicago e
Northwestern, and for a long time it has
been the prevailing opinion in Wall street
that the Vanderbilts would attach both
the Northwestern and the Union Pacific
to the growing New York Central sys-
tenn. The new alliance assumes unusual
interest when 1t is borne in mind that
the Vanderbilts are represented on the
board of directors of the Union Pacific
and We're not aware until a few weeks
ago Of what was going on. The North
western directors have hurriedly consid-
cred the advisability Of extending their
Fremont branch to Ogden to a connec-
ton with the Central Pacific, whic is
controlled by the Southern Pacific. Cut
off from the Union Pacific, the North
western will find no road to turn to for
Pacific coast business that does not par
allel it for q considerable distance. Thus
with the Northwestern extending it's Ere
mont, Elkhorn & Missouri River railway
from Fort Casper to Ogden. in order to
fight the Union Pacific. and the Northern
Pacific forced to protect itself against
the Oregon lines. which have recently
been acquired by the Union Pacific, there
is likely to be a great time among the
great trans-continental roads in the near
= future. Thu enormity Of the scheme may
be judged by the capital and mileage of
the various companies as follows: Union
Pacific, mileage, 2.S51: capitalization,
$23l, OOO. 600; Oregon Railway & Naviga-
ton, l,O65 miles; capitalization. $55. 0OO,-
600; Oregon Short Line, 1.429 miles: cap
italiZation, $S1 900. 900: Illinois Central.
'"oo HiAACS 1aplNdllZdlloH 4l4U. 4UU, UUU,
chicago & Alton, S43 miles; capitaliza-
tion. $29. 400, 900: Chicago Terminal, 100
miles; capitalization. $44, 600, OOO; Balti-
more 4 Ohio (old company. 2.O3O miles:
Capitalization, 1924, 900. 900. Total mileage.
ll,44l; total capitalization, sos, 1868, 900.
IT is reported that the Union Pacific will
shortly begin the work of making its line.
from Omaha to Ogden and Pocatello a
double track. in order to meet the de-
mands of traffic which IS gaining and
Keeping pace with the development of
the great west. The first section of the