The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-06
SALE OF The 6. AND A.
Means he n, K. a. 7. Extends Frsm
Hssslsn 10 Chlesls.
ANOTHER STEP TOWARD SNIP CHANNEL
Proof that Houstou, ~ . Fort, Would
ne the Naturai Outlet tor the
western Granary.

The New York World prints the follow
ing concerning the purchase Of the Chicago
and Alton by the allied interests. the
Gouids. Rockefellers and vanderbilts, who
are allies on this Deal only, however:
John d. Rockefeller AMI William Rookie
Teller have Just put through deal which
will give them trunk line connecting
their great lake interests with to guilt,
and which will eventually give item a
through grain route from The West to
Liverpool via the gulf. BY this new line
Il Is intended to divert millions OF bushels
OF wheat, oats and corn every year from
New York and other Atlantic ports to
Galveston and the ports on the Gulf OF
Mexico
The statement is made upon the highest
authority that behind the Hartman syn
dictate OF Union Pacific ana Missouri Pa
cific interests, which recently purchased
a controlling interest IN the Chicago and
Alton railroad. where the Rockefeller broth
ers and the Standard Oil The two brothers
headed that syndicate with a subscription
OF $1,000. 900, for which they are to have
in return track facilities which will give
their Missouri, Kansas and Texas system,
which runs between st. Louis and Calves
tom a through line from Chicago to Gal
weston by route shorter by several hum
dfed miles than any OF the competing sys-
tens. N4
At the same time the sentiment Is made
that the Rockefellers have withdrawn their
Influence from the syndicate organized TO
build rival Fne to the Alton between
Chicago and st. Louis, which was to be
known as the st. Louis Short Line.
John D. and William Rockefeller for
several years have been slowly developing
the Missouri, Kansas and Texas railroad,
with a view to eventually making trunk
line out OF 1t. They have, however, not been
able to make that road profitable, because
its northern terminal is at st. Louis, where
very little southbound traffic originates.
To develop this Missouri. Kansas and
Texas railroad the Rocloefellers entered
syndicate organized by Henry Bulge
OF Hallgarten & Co.; Edward D. Adams,
representing the Deutsche bank of Berlin,
and the Chicago Terminal Transfer COM
pany to construct a short line from Chi
cago to North Clinton Ill. This was to
connect with the St. LOUIS, Peoria and
Northern, the whole to be known as the
st. Louis Short Line. The Laclede Con-
struction company was organized to un-
dtsrtake the construction.
All the prelimbnaiies had about been ar
ranged two months ago, when President
A. e. Stilwell OF the Kansas CITY. Pitts
burg and Gulf came to New York pre-
pared to buy the Alton road. The Kan
sas City, Pittsburg and Gulf is the only
rival of the Missouri, Kansas and Texas.
Like the Missouri, Kansas and Texas sys-
TEN. the Kansas City, Pittsburg and Gulf
needed Chicago terminal to make 1t q
great and prosperous line. When Mr.. Still
we'll left Kansas City he had assurances
that the Chicago and Alton road was his.
He had only to come to New York to sign
a few papers.
Suddenly the whole deal collapsed. The
finanolers that were to ubnderwrite 1t We're
unable to do 90, they said. The Rookie
fellers had seen their golden opportunity.
To make long story short MT. Stilwell
went back to Kansas City and the Chicago
and Alton options expired.
Then it was that r. II. Hartman or
ganized the syndicate which has bought a
controlling interest in the Chicago and
Alton at SITS share. which is about IS
] above the market price. By means of this
dead the Union Pacific is to have favored
trackage over the Kansas City branch of
the Alton. and the Missouri, Kansas and
Texas trains are to have unusual facilities
over the st. Louis branch, shared by
George Goufds Missouri Pacific. The Chi
cago and Alton will throw all Its enormous
Influence at Chicago to originate business
for the Rockefelers Missouri. Kansas and
Texas.
| The terminus OF the Missouri. Kansas
| anu TEXAS is HI f1OubLuu hIu use Ol duutueT
road is necessary ito enable 1t to get to
Galveston. What the Katy wants is an
outlet to the sea and what Houston wants
lis an outlet to the sea, which will accom-
modate the wants of the Katy and the
other dozen roads terminating here. There
are many reasons why the roads should
render all possible aid to Houston in her
efforts to meet their wants.
1t has been asserted that the Houston
ship channel would be the natural outlet
for the great Western granary, and the
deal outlined by the World certainly
demonstrates that assertion to be true.
1t is an encouraging sign for Houston,
That ship channel project becomes more
OF an assured fact with every change made;
and il all the vast interests involved pull
together-why the channel is nearly as