El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-07-25
BIG COMBINE
Of the New York Central and the
Pennsylvania Is Practically
Perfected.

Perfected.
Important steps have been taken in
the advancement of the alliance be-
tween the New York Central and
Pennsylvania railroad systems. AS
President Cassatt of the Pennsylvania
was at the New York Central's execu-
tive offices on the day of the formal
vote for the Boston and Albany lease
and suggestive interest was tpclted
thereby. 80 now.signifcance is attached
to the fact that President Galloway of
the New York Central was visiting
Philadelphia-.-an official return call.
This trip of the New York Centaal's
chief executive to the Pennsylvania
headquarters was quietly enough con-
Quoted. Mr.. Galloway ran over to
Philadelphia from his summer home
on the New Jersey shore. He was ex-
pected. Business of Importance was
New York OBSERVATION-DISCLOSURES poll
cy is cow operative. President Gallo
ways visit concludes details that prac-
tically perfect the deal through which
VIM. <. Vanderbilt's plans became
dominant in the entire eastern trunk
line field. Mr.. Vanderbilt is at bust
ness again. He has had conference
with the chiefs of his staff. He has
gone over reports treating OF matters
Oh large sequence ne uhS RlSou
new orders. he is ready to put extra
ordinary undertakings into operation.
And the trip of President Galloway
to Philadelphia plays an important
part in the long developing program.
Plans bearing on the project OF an
anthracite coal railroad combination
are somewhat involved in matters of
policy discussed in Philadelphia, but it
can be stated upon authority that the
much mooted coal deal is still good
time distant. Its arrangement will be
closer to next new year than to the
present date. Other eastern trunk
line affairs do not hang upon 1t, nor
are they handicapped by delay of it, as
once seemed likely to be the case.
What is Immediately accomplished is.
indeed, step toward the solution OF
the grave anthracite troubles, but In
other ways it is much more important.
Two at least of the anthracite proper.
ties are to come under the control OF
New York Central-Pennsylvani direc-
tors. The hand of Mr.. Vanderbilt will
show clearly in this which it is agreed
shall be one of the first of insignificant !
moves about to be made.
Another undertaking is the project
of tunnel under the North river, |
directly connecting New York Central /
and PENNSYLVANIA railroad tracks, a |
bOQD6l 1Or WHICH u lie lutihobco II ILL.,
chise rights already exists. A New
York OBSERVATION-DISCLOSURES authority |
speaks of them as assured" The es-
ia blisbmeut and use of such tunnel
would be more than the
token of actual alliance between the
two greatest of eastern trunk lines: 1t
would signify revolution in eastern
trunk line traffic.
New York terminal charges would
be brought thus to basis where New
York as an exporting and importing
port will occupy an advantageous 81
suation never hitherto thought of and
there would be bearings on New En-
gland freight traffic that might in
some way be controlling: A tunnel
projected by Mr.. Vandelbilt would
Tor which the Poughkeepsie
bridge was theotically intended. 1t
President Scott of the Pennsyl
Fania, by the way who original
ID the Poughkeepsie bridge
project. Through the use of
'uch a tunnel New England could have
transportation connections improved
ncomparably. Time between New
England and the south and southwest
would be greatly cut down. It is be-
ieved that Mr.. Vanderbilt will have
mother and especially important con-
erenee in New York early next week,
coming on from Newport to meet
'mong others President Cassatt with
Meeting an official statement out of the
may be made public-disclos-
ng extraordinary New York Central
evelopments.-New York Times.