New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-04
ROCKEFEILERS AND THE ALTON DEAL
UNION OF THREE GREAT FINANCIAL. INTERESTS
IN RAILROAD DIRECTION


IN RAILROAD DIRECTION.
An interesting story concerning the Rocketellers
and the Alton deal current In Wall Street
yesterday. The Rockefellers own a controlling In
terest in the Missouri. Kansas and Texas road.
and both John D. and william Rockefeller are on
It's Board OF Directors The line extends from
Galveston to s.. Louis Its earnings have not been
OF satisfactory size and the best prospect of I'm
proving the property In that respect seemed 10 us
controlling interests TO lie in securing for their
railroad an outlet 10 Chicago. So Il while ago the
Rockefellers entered a syndicate. OF which Henry
Bulge OF Halgarten * Co. and Edward d.
Adams other members, 70 take over the 81
Louis Peoria and Northern road. which IL already
built from 81. Louis to point beyond Peoria, III.
and 10 construct from the point mentioned to East
Clinton H. a distance Of about one hundred miles.
d road to be known the ST. Louis and North
Shore Line. At East Clinton the line would CON
meet with the Chicago. Milwaukee and ST. Paul
and the Chicago and Northwestern ROADS. over the
tracks OF one OF which the trains OF the MISSOURI
Kansas and Texas would be carried TO the outskirts
OF Chicago There connection would be made win
the tracks Of the Chicago Terminal Transfer Com
pany giving the Missouri Kansas ana lexas cars
direct entence into Chicago
The syndicate organized also the "i.aclede Con
struction COMPANY" to build the st Louis ana
North Shore Line" but no construction mas ye'
been undertaken by IT. BY the building oil TINS
lined above the Rockefelers would have been en-
shled TO get their cars all the way to chicago
where among other advantages me MISSOURI nan
sas and Texas would have chance to carry gram
10 the Gulf: and Mr.. Adams, who IL Interested III
the Chicago Terminal Transfer Company. would
have secured good customer for trackase anu
terminal privileges from tina, company
Ru, few weeks ago the Chicago and Alton rOad
came into the market. The Alton Is a wen
equipped property, and the shortest me
Chicago and Galveston. l.40 miles IN iens'h' Is ''
over the tracks OF the Chicago ana Al'oh anu -"
Missouri Kansas and Texas, and roads aillla'eu
with them The Rockefellers entered the syndicate
for the purchase OF the Alton the amount OF Their
subscription being said TO have peen 49, 80,
naSias extenson of their road from ST. Louis to
Chicago. they naturally were nov SO .,a ~, ,be
Inc from Peoria northward and II is said that they
have within the last few days withura"n I'M, mi
protest on the part OF their associates. repre-
sentative of Mr. adams SAID and Texas
road is in the Chicago and Alton syndichte' pu, we
do affirm that the R9ckeefs sb ARE Sr ne and the
construction OF that line VIII go on Just t.e sa m
snrineaeld III the promoters OF the road are pre-
pairing TO push their project whether me li9cKe-
Articles of incorporation have been filed by the
St Louis and North Shore line The COMPANY ls
he AZ Springfield. The road Is 10 be Dullt Al Il
point between Peoria and Pekin near 1iove, 10
Fast clinton The fee paid 10 the Secretary OF
&c. vas 81; ODC The largest ever paid IN the his
tory OF the Office. -, II, . a..
The Chicago and Alton. II is said VIII s'ter ils
purchase IS effected. be managed by JOINT Doaru
Of directors representing the several interests par
ticinating I'm It's acquisition. The syndicate was
formed II is understood. by r. III. Hartman, VINO
has represented In the negotiations with the Alton
owners more especially the interests OF the Union
Paciic and the Illinois Central The Nanderbilis
will be Interested in the Alton management, thoue
their large holdings I'm Union Pacific, II not Indeed
a. IL reported, through the presence or the Mich
igan Central a. one OF the c0ntrolilhH group or
RAILWAYS The ROckefellers VIII have Il snare IN
the conduct Of the Alton. through Missouri. Kansas
Ing interest through their Missouri Pacific road
II is believed that the taking over OF the Alton
marks the first occasion on which these three
yresf financial interests Vanderbilt Rockefeller
and Gould-have Joined forces IN railway direction