El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-07-18
LINK AND FIN.

Francisco by the line acquired by it
last year, the San Francisco and San
Joaquin Valley road. Recently the
buying of .Atchison has been for the
account of substantial interests. The
Rockefellers are heavy owners of At
Gibson securities, and it is a significant
fact that the Rockefellers have, within
| the last month, been active buyers OF
| Pennsylvania stock.
| A third transcontinental line 1t is be-
lieved by not few observers of the
trend of the railway ownership and sf-
iliations, will some day be formed by
OHIO, the Great Northern and the
| Northern Pacific, but this combination
is thought to be further away than
either of the other two. 81
/ The Chicago Chronicle says, Con-
solidation has now reached the roads
south OF Chicago. From official sources
| it is learned that the Southern railway
company and the Monon which con-
meets Louisville and Chicago. will soon
be under one ownership. The deal for
the amalgamation of these two proper
ties ia said to be nearing q close.
/ -
heard some weeks ago, but at that time
| the Louisville and Nashville was also
presumed to have been negotiating for
the Monou.
| In addition to theiabsorption of the
Monon the Cincinnati Southern fs to be
purchased by the Southern or the
syndicate representing it, which syndi-
which bought the Alton, the St. Louis
and Northern short line, the MOnon
and several other short lines and which
is headed by E. D. Adams, chairman
of the board of directors of the Chicago
Terminal Transfer Company.
When the syndicate has finished its
| work there will be three or four of the
larger railway systems running south
and southwest from Chicago that will
Monon deal, which is the latest one,
goes through the syndicate will con-
troll those two systems, the Missouri
Pacific. St. Louis and Iron Mountain,
Texas and Pacific, st. Louis and North
ern Short Line, Alton and the Kansas
City, Pittsburg and Gulf. The last
named road is now in the hands of o
and will be bought in by the Hartman
poolers.
The roads named are only the fresh
acquisitions of the syndicate, for the
latter, being represen tative of the
Vanderbilts, coz trolls all the roads un-
der this ownership. among which are
the New York Central, Boston and
Albany, Lake Shore, West Shore,
Michigan Central. New York, Chicago,
and ST. Louis Nickel Plate), North
western and Union Pacific.
The Hartman syndicate, it is learn
ed from good sources, has controlling
interest in the Chicago Terminal
transfer property by the purchase of
5000 shares of stock from the
Deutsche bank of Berlin. These
shares were preferred stock and were
quoted at the time of the deal a. about
| so. The syndicate has planned to use
interests of other properties recently
acquired.
The terminal company's road forms
belt Of track around Chicago and it
owns also the Grand Central passenger
station at Harrison street and Fifth
avenue. The new manager of the
| terminal com pany, J. N. Faithorn, will
assume his duties Saturday.
The authorized capitalization of the
Chicago Terminal Transfer company is
S13 900, 900 common stock, SIT ZOO, 900
| per cent non-cumulstive stock and &c.
500, 900 first mortgage per cent bonde.
The St. Louis Globe Democrat says:
Officials of the Santa Fe railroad de-
| nounce as stock jobbing scheme the
report that the Pennsylvania and San
ia Fe systems are to be consolidated
for the purpose of forming great
| transcontinentsl line. A high official
of the road said yesterday there was no
truth in the rumor.
"The Santa Fe and the Pennsyl-
vsnia systems are On friendly terms"
he said. land work together q great
deal. If the Vanderbilts should ever
form a transcontipental line. then it
would be possible to talk of the Santa
Fe and the Pennsylvania coming to-
gether, but at present there is no pros
pect of a consolidation Of their inter-
ests."
The Santa Fe has well-organized
system of nearly 1000 miles of track.
It runs westward from Chicago to
Mojave, CAL, whence it uses the South
ern Pacific tracks to Bakersfield. The
| road runs from Bakersfield to San
Francisco Cd the San Francisco and
San Joaquin Valley road, which it &C.
quired last year.
The Santa Fe has on it's pay rolls at
the shops in Cleburne $40 men. This
is exclusive of the trainmen, who num-