The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1899-07-13
RAILROAD CONSOLIDATION
Lane urder the Control
Of tho vanderblls said 10 BE q
Certainty IN the Near Future

Tfanac1nNnrnial Lane Nhdtf the AVnt'"i
Of tho vander8lls Said TO BE a
Certainty in the Near Future
NEW YORK. July l2-The Tribune
rays. one OF the ceralniies OF the not
distant future. In the opinion Of Wall
rret 10 the establishment, o. trans
continental railway line under Wander
Oh, conwol. The Boslon s Aibaay. the
New York Central and the West Shore
afe the Vanderbilt lines linking New
York and Boston, the great cities Of me
eastern scaboard with Bunalo and Bui.
talo Is Joined TO chicago by tho Lake
shore, the Michigan Central and the
Nsckel Plate,
The Chicago s Northeastern. which Is
practically vandcib.& road, stretches
westward from Chlcago to omaha. where
8, meets the Union Pacific. oonUolling
interest In which also the vanderbll,s are
credited wath holding The wcs;ern ,erm-
lnl o, the Union Pac.ac are Granger,
wye. and ogden. Utah, at bo,h points
thc road connecting with the Oregon
Short Lane. From Granger. TIE Shor,
Line runs nor,hward 10 Huntington.
ore, where Il connects wlth the o, II,
4 a. line. extending 10 the Pacific coas,
a, Portland; and from Ogden branch OF
the shor, Line goes souihward to MI.
ford. Utah. from whloh place the Utah
q Pacific Is being built lpso California, 1t
Is reported. with view to enabling the
Unloo Paciae to gain entrance to san
Francisco,
As already said the vandcr6ilts are
commonly understood 10 control both the
Northwestern and Union Pacific But
the Union Pacific In tum controls the
Oregon Short Line. owning s9e,aea5oo ot
l,s s2iteO 100 capital stock and rhe Oregon
short Line virtually controls the oregon
Railway \ Navigation Company, owning
mcre than sis.oO0OOO Of It's $4,000 ODo CON-
mon stock. controlling interest in the
81. 10000 preferred stock, however, being
held by the Union Pacific, Northern Pa
ellie and Great Northern. The voting
power OF the oregon Railway & Navlga.
tion Company stock, It should be said is
lodged with the Central rrus, Company,
OF New York, the preferred stock having
the right to nominate 10 directors and the
common Ave. With these several con.
trolls within controls, Wall street argues,
1t viii no, be beyond the power OF viii
lam X. Vanderbilt to realize the ambition
which he Is everywhere believed TO cher
ish. OF coal> sclng these connecting lines
Into vast system from ocean TO ocean.
While II Is well understood that cor
dial understanding exists between the
New York Central under the broad man
agement OF William N. Vanderbilt and
the Pennsylvania, under the guidance Of
rs new president A, j. cassatt, thk
understanding extending to the develop
ment Of plans for a division Of territory
In New England and to an agreement TO
act together In the maintenance OF rates,
no one now believes, II indeed any one
ever has believed, that consolidation Of
ghese two great systems, occupying such
an important part OF vhe field east of
Chicago would be effected, AS these
natural rivals in business are working in
harmony east Of Chicago, so they may
bye and bye be found competing on a
basis Of good faith and mutual regard in
the western country, for rumors are be-
ginning to be heard with Increasing per-
sIstenly that the Pennsylvania, like the
New York Central. Is contemplating an
extension Of MS lines to the Pacific. The
Atchlson. Topeka 4 Santa Fe is the road
which report has II VIII be combined
with the Pennsylvania to form the sec
ond great transcontlneutai system
The Atchison Is In itself an enormous
system, With lts nearly 1000 miles q
length and Its capital stock OF sessOOO,Oa
and bonds outstanding to the amount Of