The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-05
The Vanderbilts, Rockefeners and
Goulds Join Forces.
ARE ALL INTERESTED
CONSTRUCTION OF ST. LOUIS 8
NoRTE SHORE MAY STOP.
An Interesting Story About the Deal
Westerns Extra Train to Ogden
Union Pacific Stockholders
Meeting Next Tuesday-Agent
Doolittle Back From ST. Louis.

New York, Jan. 4.-The Tribune says:
An interesting story concerning the
Rockefeller and the ALTON DEAL is
current in Wall street. The Rockefel-
lers own a controlling interest in the
Missouri, Kansas & Texas road, and
both John D. and William Rockefeller
are on the board of directors. The line
extends from Galveston to st. Louis.
Its earnings have not been of satiSfac-
tory size, and the best prospect of i'm
proving the property in that respect
seemed to its controlling interests to
lie in securing for their railroad an out
let to Chicago. So awhile ago the
Rockefellers entered a syndicate of
which Henry Bulge of Hallgarten &
Co, and Edward D. Adams We're other
members, to take over the St Louis.
Peoria d Northern road, which is al
ready built from st. Louis to point
beyond Peoria, Ills, and to construct
about a hundred miles of road, to be
known as the st. Louis & North Shore
lire. AT East Clinton the line would
connect with the Chicago, Milwaukee
& st. Paul and the Chicago & North
western roads, over the tracks of one
of which the trains of the Missouri
Kansas & Texas would be carried to
the outskirts of Chicago. There con-
nection would be made with the tracks
of the Chicago Terminal Transfer com
pany. giving the Missouri, Kansas &
Texas cars direct entrance. into Chi
cago.
The syndicate organized also the
'Laclede Construction company" to
built the st. Louis & North Shore
Line" but no construction has yet
been undertaken by it.
By the building Of this piece of road,
nv
above, the Rockefellers would have
been enabled to get their cars all the
way to Chicago, where, among other
advantages. the Missouri, Kansas &
Texas would have a chance to carry
grain to the gulf, and Mr.. Adams, who
IS interested in the Chicago Terminal
company, would have secured a good
customer for trackage and terminal
privileges from that company
But few weeks ago the Chicago &
Alton road came into the market The
Alton IS q Well-equipped property and
the shortest line between Chicago and
Galveston, l.407 miles in length, is that
over the tracks of the Chicago & Alton
and the Missouri Kansas & Texas
roads affiliated with them. The Rookie
teilers entered the syndicate for the
purchase of the Alton, the amount of
their subscriptions being said to have
been $4,000, 900. Having thus arranged
Tor satisfactory and immediate ex-
tension Of their road from St Louis to
chicago, they naturally We're net so
anxious as they had been to promote
the construction OF the line from Pc
oria northward, and it Is said that
theY have, within the last few days,
withdrawn from the Adams Bulge syn
dicate-nOt, however, without pro-
test on the part of their associates A
representative of Mr.. Adams said: I'VE
do not deny that the Missouri. Kansas &
Texas is in the Chicago 6, Alton svndi-
cate, but we do affirm that the Rookie
felleI-s are still interested in the st.
Louis & North Shore line, and the con-
Struction of that line Will go on Just
the same"
The Chicago & Alton. it is said. will.
after its purchase is effected, be man
aged by joint board of directors.
representing the several interests par
tcipating in its acquisition. The syn
dlcate was formed, it is understood. bv
e. H Hartman, who has represented
IN the negotiations with the Atoms
owners more especially the interests of
the Union Pacific and the Illinois Cen
tral. The Vanderbilts will be interested
in the Alton management. through
their large holdings il the Union Pa
cillc, If not, indeed. as it is reported.
through the presence of the Michigan
Central as one of the controlling group
of railways the ROckefelIers will have
e share in the conduct of the Alton.
through Missouri. Kansas & Texas. and
the GouldS VIII have a corresponding
interest through their Missouri Pacific
road. 1t is believed that the taking
over CT the Alton marks the first oc-
casiOn Oh which these three great
financial teTests-Vanderbilt Rookie
Teller anG Gould-have joined forces in
railway direction