The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-06

Modc Itself Felt by the Chicago
g p,rI Lines and Their Eastern
AIIies-Rumor Regarding INC
Movement.
A movement in 500 line stock has come
to light which points to an eNceeOl,is'l9
Ehrewd move to eliminate the ols'ui ''A-9
factor in the freight and passenger ra'o
situation between the Northeastern anu
Eastern roads from Chicago, which mas
baoorno famous this summer as sou li'ie
competition.' Though the 500 has A'S ~
entirely on American soil, II Is d % %
and connection of the Canadian F@CIlN'
s,,s+a,o onarated with the Canadian 1 "a
o;ec and the Duluth, South Shore ~ Az
,an+ic The controlling interest IN us Sc
cnrtties is held by the Canadian Z s'O'i-'
interests .4,,o+ion
From its peculiar geographical sitaS''io.l
+be 500 has been. in position "
considerable influence in the ldliio
,i+,,o+ion south of the Canadian pouiio-
Nv Racause of the fact that 1t Is III
arenood bv the Canadian Pacific ana ll''l
- -, ograements with the other hiles
connecting in the same territory the io''u
has b.an in a position to act as LIZ
lance IN every pinch in the passeilsei
and freight rate situations an aoV'i''"ee
lii, - has been in no way slow III
improving. ..ho Son
D,,ri,r the past eight months the 500
to, bacone prominent in NUMBER VI
oo,.os+s which have cost the ST FauI-
IT11;oooo lines and their Eastern coiileG-
60, an MINER Sc amount OF money -!
-, ,eta crisis the 500 has manas ca
+o get into the game with FaIes 49,
NOT befne han pered by any asl e NA4o-...
Or restrictions, have given 1t the mas
of the situation and have Drawn ~ -,
+ban-a fair share Of business LII 80 49,
Ia meet these moves on the part " 49,
500 the Chicago-St Paul l!ileS 60 tho
Nor+l7aastern lines competing LOT INC
80 h,,einnss have been obliged to meet
~ oil with their connections the rates
-,biob tbc 500 has put into erect i'i>o
80 rail making q condition OF ALLAH
bo+, burdepscne and excessively Us 80,
49, r,bioooo St. Paul lines have so oItth
oa1Iod for reductions IN tariffs on thelr
INJECTIONS east Ct Chicago on account
of these conditions that 500 me al az
retitfon'' has become famlilar anu - ~,
toctaf,11 cry. and has been factor Which
n
II Paul lines an unusual degree Oh III
BILE. .e,,-oz - enter
49,, :, ,rraaroents of the Western Passenger
sssocia ton and--has persiStenty rel ueeu
49, ioi,, In AM understanding In any way
curteilfng their liberty to- MAKE Sucii
rates as they saw fit on any anu an ~
casions, For this reason 1ne comp i'lo'i
of the srorfi has been burdensome ana sA-
n
boon N way of Ineetingv4t. on an even
Isis -D11rins-t44e- past summer season
10 canadian Pacific and 500 have oeen
,,aneo+edly reqIlested to join IN agree
meats terCing7 give "a reasonable oes rec
of security. against disruptions OF rates
hut the overtures have been decilnen III
each instance.
The situation being as It is the compel
Jrl, lines have resorted to new Inelhou
of securing an equitable settlement OF tue
conditions which have become so dlstastc-
fni Tnliyidual holdings of 500 line stock
have-beeu-tro ght Ilp-through brokers'
with tha ultimate purpose Of gaining a
sufficient auc1 Mt to influence the road
through the directors towards making
terms with the American lines. The plan
was explained yesterday by a st Paul
man who has been actively engaged IN
the matter and has recently acquired
several blocks of stock.
eve do not anticipate securing con-
trolling interest in the road" said he.
"AN We want is to gain sufficient voice
on the board NO prevent the road from
taking. a free lance course and to curta1l
its liberty in this direction. am not the
only st. Paul man Who has been in the
deal and you may state that the move
is being made with the ~gaPport of the
competing lines. 80 Eastern brokers have
been furnished with funds for the pur-
chase of every individual holding of 500
line stock which comes the market.
Agents are now at work securing options
on every availf BILE share and it is hoped
that ultimately sufficient will be ac
cumulated to maintain an influence with
the executive officials of the line. The
move is hardly past the embryo state
Vet, but it is sufficiently we'll formed to
give assurance of success. The American
lines could agree and maintain rates were
it not for the competition of the 500 and
for this reason agents of the prominent
financial interests owning competing lines
are securing 500 stock whenever offered.
IF the line can be partially taken out
from md er Car 6diau control then the
American lines can hope for a betterment
Of conditions and less disturbance. The
Gloss to the col Meeting lines east of Chi
cage and the Chicagc-St Faul lfTles this
season because Of this competition repre-
sents figure ' hich reaches into the hum
dred thousands"