New-York tribune., 1899-07-12
GREAT RAILWAY PLANS.
THREE TRANsCONTINENTAL LINES
TALKED OF.
ONE UNDER VANDERBILT CONTROL an
OTHER UNDER PENNSYLVANIA. AND
THIRD UNDER THE q. AND o..
GREAT NORTHERN AND
NORTHERN PACIFIC.


One OF the certanties Of the not ds'ah' iu-
ture in the opinion OF Wall Street, is the es'aO-
usbr,ant Of a transcontinental railway line un-
der Vanderbilt control. The Boston anu ~
banv. the New-York Central and the west
shore are the Vanderbilt lines linking New-York
and Boston. the great cities Of the Eastern sea
board. with Buffalo; and Buffalo is joiheo 10
Chicago bv the Lake Shore. the Michigan Oeh-
tral and the Nickel Plate
The Chicago and Northwestern which u p'"o
tically Vanderbilt road stretches west"1lu
from Chicago to Omaha, where u nlee'
Union Pacific q controlling interest III VIM"
also the Vanderbits are credited WIN holu'i'e'
The Western termini of the Union racine aie
at Granger. Wyo. and ogden. Utah AT oo'i va
which points the road connects with the O.o-
gon Short Line. From Granger the snort LINZ
runs northwestward 10 Huntington ore'' "hele
It connects with the Oregon Railroad ana >aF'-
cation Line, extending to the Pacific coast at
Portland; and from Ogden branch OF the
Short Line goes southwark TO MILFORD OIah
from which place the Utah and Pacihc is De-
ing built into California, IT is reported with
view to enabling the Union Pacific to gain en-
trance to San Francisco.
AS already said the Vanderbilts are commonly
understood to control both the Northwestern
turn controls the Oregon Short Line, owning
S26 023 700 Of its s27 400 100 capital stock. and
the Oregon Short Line virtually controls the
Oregon Railway and Navigation Company. own
ing more than Sl6OOOOOO of its S24OO0OOO COM
mon stock a controlling interest in the
S11 900 900 preferred stock however. being held
by the Union Pacihc Northern Pacific and Great
Northern The voting power OF the oregon Rail-
way and Navigation Company stock. II should
be said is lodged with the Central Trust Com
pany, OF New-York the preferred stock having
the right to nominate ten directors and the COM
mon hve With these several controls within
controls Wall Street argues II will not be De-
yond the power OF William K. Vanderoilt 10
realize the ambition which he is everywhere pc
lieved to cherish Of coalescing these connecting
lines into a vast system extending from ocean -
ocean. -,
While it is well understood that cordial
understanding exists between the New loih n
Central under the broad management Of Will
lam K Vanderbilt and the Pennsylvania, under
the guidance OF its new president A J. Cassat'
this understanding eXten ling 70 the deNeIop-
ment Of plans for division II territory IN -SeH
England and 10 an agreement - act toge'neI III
the maintenance Of rates-nO one now oeheVe7
IT, indeed. any one over has believed that coIl-
solidatiCn Of these two great systems, occupylns
such an important part of the field east or
Chicago would he effected As these natural
rivals in business are working In harmony east
Of Chicago, they may hy-and-D Dy ne 1ouhI
CO npeting on a basis Of good faith and mutual
regard in the Western country, for rumors are
beginning 70 he heard with increasing persist
encv that the Pennsylvania, like the New YORK
Central is contemplating an extension of its
lines TO the Pacific. The Atchison, Topeka and
Santa Fe is the road which report has II W.
be combined with the Pennsylvania 20 form the
second great transcontinental system.
The Atchison is In itself an enormous system,
with its nearly 700 miles Of length and Its
capital stock Of 1898 900 900 and bonds out
standing to the amount Of Sl26WOWD; but
this is an era Of colossal combinations. and II
Is well within the bounds Of possibility that the
two systems may cOalesce The Atchison has
clear line all the way from Chicago 70 MoJave'
in Southern California. i uses the Southern
Pacifc's tracks for the sixtyeight miles between
Moiave and Bakersfield from the latter place
reaching san Francisco by the line acquired ~
II last year. the san Francisco and San joaquin
Valley road Recently the buying OF Atchson
has been for the account Of substantial Inter
ests The ROckefellers are heavy owners or
Atchison securities. and II is a significant tact
that the Rockefelers nave within the last
| month been active buyers Of Pennsylvania
stock.
A third transcontinental line. It is believed
bx not a few observers OF the trend Of railway
| ownership and affiliations. will some day he
/ formed by the consolidation Of the Baltimore
/ and Ohio the Great Northern and the Northern
Pacific: but this combination is thought 10 be