The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-30
TRUNK Line MERGERS
SENSATIONAL REPORTS OF BIG
RAILROAD DEALS STARTLE
THE BUSINESS WORLD
ABSORPTION OF THE B. G O.

Pennsylvania Company Said to Have
Acquired Control of That Prop
erty-New York Central Reported
to Have Taken Holding of J. II.
Morgan In Big Four and Chesa-
peale "a OhiO-OmciaIs Reticent.
NEW YORK, Nov 29.-Extraordinary
accomplishments have been completed in
Eastern trunk lire railway affairs, ac-
cording to recent reports. Changes are
brought about in three important rail-
road systems. The Pennsylvania COM
pany acquires control OF the Baltimore
d Ohio W. X. Vanderbilt, in the inter
est Of New York Central, takes holding
of J. P. Morgan in the Cleveland, Gin
cinnati, Chicago & st. Louis and Chesa-
peake & Ohio. The two deals have been
accomplished together. The executive
heads Of the Pennsylvania and New
York Central have worked together. It
is probable 5hat either the one great sys-
TEN acquired by the Pennsylvania, or
the two important properties acquired
by the New York Central will be forth
with attached In open corporation merg-
ers.
OFFICIALS REIlCENT.
PHILADELPHIA, Nov. 29-Oficials of
the Pennsylvania railroad today declined
to say anything regarding the statement
printed this morning to the effect that
that company has secured control of the
Baltimore s Ohio Railroad company
William ~. Patton, assistant to President
Cassatt, was questioned by q reporter
for the Associated Press and said
There is nothing to be said. have
seen publications of this sort before, con-
Meeting the Pennsylvania company with
various deals They all turned out the
same way"
WALL STREET VERSION.
NEW YORK. Nov. 29.-The following
explanation was current today on the
authority of Wall street interests con-
Cerned in the recent heavy buying of Bal
timOre & Ohio stocks:'
"a block of Baltimore & Ohio preferred
and common stocks has been purchased
by A ]. Cassatt and associates in the
interest of the Pennsylvania railroad.
This stock. with the holdings of ]. ].
Hi, places the control of the Baltimore
& Ohio IN harmony with the management
OF the Pennsylvania The New York
Central road is not concerned in the deal
except through w. K. Vanderbilt, who,
as an individual is one of the syndicate
formed TO acquire an important interest
in the Baltimore q, Ohio :'tOck. Some of
the largest buyers Of the stock said that
their purchases We're delivered to and
paid for by Kuhn, Loeb & Co., and that
banking managers, both of the Baltimore
q Ohio syndicate and Of the so-called
Hartman syndicate, are included in the
new purchasing syndicate
IN THE DARK.
Mr.. William Saloma4l, chairman Of the
finance committee of the Baltimore &
said: 90
Il know nothing about the reported
deal 4-have heard nothing about it,
Chauncey NJ. DepeW, chairman of the
board OF directors Of the New York Cen
trail railroad, says that he knows nothing
concerning the reported Baltimore & Ohio
deal.
CANNOT BE CONFIRMED.
BALTIMORE. Nov. 29.-At the general
offices of. the,,BaltimQre & Ohio Railroad
company in this city it was said this
morning that nothing is known concern
ing the alleged deal by which the Pennsyl-
Vanla company Is said TO have obtained
control Of the Baltimore & Ohio. President
John K COwen, of the Baltimore & Ohio,
is in New York, and Vice President Muir
ray is in Pittsburg. No other person
about the building is authorized to discuss
matters OF TINS nature, but Well-1nfOrm-
ed official said that no one at this point
would be likely to be informed as to the
truth Of the story at this, time, because
ali transactions in the stock took place
in New York and n6tsih Baltimore
'Our business he added sis to run
the road. Thus far all of our orders have
emanated from Mr.. COWen and Mr. Muir
ray. If the road has changed hands, or If 1
1t is about to do so, We would know moth
ing about it until the general public also
knew it,
DEAL. IS POSSIBLE.
CHICAGO, Nov. $50 far as know
none of the Baltimore & Ohio stock own
ed by the Chicago syndicate has been
sold" said Norman Ream today. Mr..
Ream represents in the Baltimore & Ohio
directory the Chicago holdings in that
property. Further than this he declined
to discuss the story.
From those close to the Chicagoans
who are interested in the Baltimore &
Ohio 1t was learned that the local syndi-
cate does not hold the balance of power.
and that it would be possible for the
Pennsylvania people to purchase a ma
jority of the stock independent of the
Western shareholders.
MIR. INGALLS, CANNOT SAY.
CINCINNATI, Nov. 29.-President NJ
z. ingalls,, when asked regarding the
story concerning the absorption of the
Baltimore & Ohio by the PENNSYLVANIA
and of the Cincinnati & Ohio by the r q
Four, said he knew nothing about such
a scheme.