The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-01-05
LIGHT ON THE ALTON DEAL
RockefeIlers. GOulds and Wand erbii I
Join Hands.


An interesting story oncerning the
RockefelIers and the Alton deal is current
in Wall street. The Rockefellers own a
controlling interest in the Missouri. Kan
sas and Texas road. and both John D
and William Rockefeller are on the ooard
Of directors The lire extends from Ca
weston TO ST Louis. Its earnings nave
not been satisfactory in size. and the best
prospect Of improving the property IN THIS
respect seemed TO its controlling interest
10 lie in. securing for their railroad an QUIZ
let in Chicago. So awhile ago the Rookie
felers entered syndicate OF which Henry
Bulge Of Hallgarten & Co. and Edward
d. Adams were other members, TO take
over the 81. Louis, Peoria and Northern
road which IS already built from ~
Louis 10 a point beyond Peoria, Ills. and
70 construct from the point mentioned
n clinton. Ills. a distance OF 100 miles.
road 70 De known as the 81. Louis and
North Shore line At East Clinton 1t
would connect with the Chicago, Mil
waukee and s.. Paul, and the Chicago and
Northwestern roads over the tracks OF one
Of which the trains of the Missouri, Kan
sas and Texas would be carried TO the
outskirts OF Chicago. There connection
would be made with the tracks Of the Chi
cago Terminal company. giving the MIS-
souri, Kansas and Texas cars direct en-
trance into Chicago.
The syndicate organized also the La
CIede Construction company 70 build the
St. Louis and North Shore tine. but no
construction has yet been undertaken BY
it. b. the building OF this Rockefellers
would have been enabled TO get their cars
all the ay to Chicago, where among other
advantages the Missouri. Kansas and
Texas would have a chance 70 carry grain
to the gulf: and MI Adams. VINO is in
terested 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 and
Alton road came into the market. The
Alton IS a well equipped property and che
shortest line between Chicago and Calves
ton, 1o47 miles in length. IS that over the
tracks OF the Chicago and Alton and the
Missouri. Kansas and Texas and roads az
filated with them. The BOOKSELLERS en-
tered the syndicate for the purchase of the
Alton. the amount of their subscription be-
.rg said 10 have been 10000. Having
tnus arranged FOR q satisfactory and i'm
mediate extension OF their road from s..
Louis 20 Chicago. they naturally were not
81 anxious as they had beer 20 promote
the construction % the line from Peoria
norThward. and i Is said that they have
within the last few days Withdrawn from
the Adams-Budge syndioate-ao;. how
ever. without a protest OF he part OF
their associates. A representative OF NJ.
Adams said yesterday;
we do not deny that The Missouri. Kan
sss and Texas IS IN the Chicago and Alton
syndicate. but We do affirm that the Rocke-
feilers are still in The s. Louis and N0r,d
Shore line. and The construction Of tA8t
line viii 60 on just the same"
The Chicago and Alton. & is said. viii
after its purchase IS Effected ne man
aged By a joint board ot directors repre-
seutiug the several interests Of ne parties
participating IN IFS acquisition The syn
dicate was formed. it IS understood. by 2
z. Hartman, who has represented in the
rcSot- atoms Tith The Atoms owners more
especially the interests o. tbe Union Pa
cifc and the Illinois Central The wander
bits VII be Interested IN ths Alton man
aEemsat through their large holdings IN
the Union Pacific. = uot. INDEED, a. st ls
reported. through the presence - -ae
Michigan Central as one % The controlling
have a share IN the conduct y tire A.scn.
through Mss0Er., Ka-sas and 7 Vas. and
the Ci0uids VI have = corresponding s.
tarest through .Esir Missouri Pacific rozd.
K * 5~iisved that tas taxing over @ ths
Alt5a marks the arst 70casisa wasn these
tarse graf financial ir-e-sz Fs9c<-fsller.
Vanderbilt and G+oal5-haye Joined forces
in rsfl-rsv director