El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-07-18
GREAT RAILWAY
COMBINATIONS
Alleged Plans Forming For
Three Great Transcon-
tinentaI Systems.
ALL LEADING ROADS
North Aud South Seem to be Involved
In These Enormous Projects And
A Year May See the Formation of
the Greatest Railroad Organiza-
ton Ever Known.

ton Ever Known.
The New York Tribune says: One
of the certainties of the not distant
future, in the opinion of Wall street,
IL the establishment of q transconti-
mental railway line under Vanderbilt
control.
The Boston & Albany, the New
York Central and the West Shore are
the Vanderbilt lines linking New York
and Boston, the great cities OF the east
ern seaboard, with Buffalo: and Buffalo
is Joined to Chicago by the Lake Shore,
the Michigan Central and the Nickel
Plate.
The Chicago & Northwestern, which
is practically Vanderbilt road,
sire Uches westward from Chicago to
Omaha, where it meets the Union Pa
cific, q controlling interest in which
the Vanderbilts are credited with hold
ing. The western terminals OF the
Union Pacific are Granger, Wyo., and
Ogden, Utah. AT both points the road
connects with the Oregon Short Line.
From Granger the Short Line runs
northwest to Huntington, Ore. where
it connects with the Oregon Railway
ana Navigation line. extending to the
Pacific coast at Portland, and from
Ogden branch of the Short Line goes
sout to Milford. Utah, from which
place the Utah & Pacific is being built
into California, it is reported, with a
view to enabling the Union Pacific to
gain entrance to San Francisco.
The Vanderbilts are COMMONLY I'M
derstood to control both the North
western and the Union Pacific.
The Union Pacific in turn controls
tue Oregon Short Line, owning $780,
C23, 200 Of S27, 400, 100 capital stock. and
the Oregon Short Line virtually con-
trolls the Oregon Railway and Navisa-
tiou company, owning more than Sl6,-
600, 900 of its 1924, 600, 600 common stock,
u controlling interest in Gil, 600, 600
preferred stock, however, being held
by the Union Pacific, Northern Pacific
and Great Northern.
The voting power of the Oregon
Railway and Navigation company
stock. it should be said, is lodged with
the Central Trust company OF New
York, the preferred stock having the
right TO nominate ten directors and the
common five. With these several con-
trolls within control, Wall street ar
CUES it will not be beyond the power of
William K. Vanderbilt to realize the
am bition which he is everywhere be-
neved TO cherish of coalescing these
connecting lines into a vast system
from ocean to ocean.
While It is well understood that q
cordial understanding exists between
the New York Central under the broad
management of William K. Vanderbilt
and the Pennsylvania under the guild
ance of its new president, A. j. Cassatt,
this understanding extending to the
development of plans for division of
territory in New England and to an
agreement to act together in the main
tenance of rates, no one now believes,
if indeed anyone ever has believed that
q consolidation of these two great sys-
TENS occupying such part OF the fields
east of Chicago would be effected.
are working in harmony east of Chica-
60 so they Eay By and by be found
competing on basis of good faith and
for rumors are beginning to be heard
with increasing persistency that the
Pennsylvania, like the New York Gen.
sral, is contemplating an extension of
its lines to the Pacific. The Atchison,
Topeka and Santa Fee is the road which
report has it will be com bined with the
Pennsylvania to form the second great
transcontinental system.
The Atchison is in itself an enormous
system with it's nearly 1000 miles of
length and It's capital of 1898, goo. 600
and S126 100000. but it is an era of
colossal con- hin ations and it is well
within the bounds of possibility that
the two systems may coslesce.
The Atchison has clear line all the
wav from Chicago to Moiave in south
ern California. 1t uses the Southern
Pacifc's tracks for the sixty eight
miles between Mojave and Bakersfield.
from the latter place reaching San