The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-23
Extraordinary Developments Ex-
pected From N. Y. Central.
OFFICERS In CONFERENCE
VIM. K. VANDERBILT TO DoMIN-
ATE EASTERN TRUNK LINE.
President Galloway of the New York
Central Visits President Cassett
of the Pennsylvania and Trans
acts Important Business-Anthra-
cite Coal Combine Discussed.

New York, July 22.-The Times says:
Important steps have been just taken
in the advancement of an alliance be-
tween the New York Central and Penn
sylvania railroad systems. AS Presi-
dent Cassett of Pennsylvania was at
the New York Central's executive Of
fees the day of the formal vote for the
Boston Albany lease, and suggestive
interest was melted thereby, so no sig
nificance attached to the fact that
President Galloway of the New York
Central was visiting Philadelphla-an
official return call This trip of the
New York Central'S chief executive 10
the Pennsylvania headquarters was
quietly enough conducted.
Mr. Galloway ran over to Phlleoal-
mia from his summer home on the
New Jersey shore. He was expected.
Business of Importance was transacted.
The new cooperative New York Cen
al-Pennsylvanian policy is now oper-
alive President Callaway's visit Is eX-
pected to practically complete the deal
through which William K. Vanderbilt S
plans become dominant in the entire
eastern trunk lines.
Mr. Vanderbilt is at business again.
He has had a conference with his chlefs
of staff He has gone over reports
treating on matters of large conse-
ouence He has given no orders. He Is
ready to put extraordinary undertake
ines into operation And the trip of
President Galloway to Philadelphia
places an important stress on the long
developing programme.
Plans have been arranged on the pro-
ject on an anthracite coal railroad
combine are somewhat involved III
matters in policy discussed in Philadel-
mia. but it can be stated upon author
+hn, 1,1tIph r1lnnta1 coal deal Is
still a good time distant. Its arrange
ment will be closed nearer next New
Years than at the present date.
other trunk line affairs do not hang
1Ipon it. nor are they handicapped by
delay of it, as once seemed likely to
be the case.
What is Immediately accomplished is
indeed. a step toward the solution OF
the grave anthracite troubles, but i'll
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-PennsylVania dlrec-
tors. The hand of Mr.. Vanderbilt will
show clearly in this, which 1t IS agreed
shall be one of the first of the slgnifi-
cant corporations moves about TO be
made.
Another undertaking is the project
of a tunnel under the North river di-
rectly connecting the New York Cen
trail and Pennsylvania railroad tracks
a tunnel for which. it is intimated
franchise rights already exist. A New
York OBSERVATION-DISCLOSURES authority
speaks Of them as assured The es-
Establishment and use of such tunne
connecting would be more than the
token of actual alliance between the
two greatest of eastern trunk lines; il
would signify revolution in eastern
trunk line traffic.
New York Terminal charges would
be brought thus to "A basis where New
York as an exporting and importing
port would occupy an advantageous sit
uation never hitherto thought of anC
there woulS be the charges of New
England that might in some way bt
controlled. The tunnel projected by Mr.
Vanderbilt would meet all those trans
portation demands for which the
Poughkeepsie bridge was theoretically
intended. 1t was President Scott of the
Pennsylvania, by the way, originated
the Poughkeepsie bridge project
Through the use of such a tunnel New
England could have transportation
connections improved incomparatively
Time between New England and th'
south and the southwest would b'
greatly cut down. 1t is believed tina
Mr. Vanderbilt will have another anC
especially important conference in New
York early next week, coming on from
Newport TO meet, among others, Presi
dent Cassett with President Galloway
Following that meeting in an officia
statement in an ordinary way will bt
made public, disclosing extraordinary
Sew York Central developments.