Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-10-26
CONTROL At LAST
vANDERDILTs GET TIE SOUTH
ERN PACIFIC ROAn.
COULD NOT WORK HUNTINGTON
<.,;d IT Was His Road-His Death
Let in the New Lot OF
Stockholders.

New York. Oct. 26.-The Times says:
The Va%nderbilts have obtained control
of the Southern Pacific system.
Negotiations aiming at this accomplish
ment were begun two years ago, but
were summariiy disposed of by {. t..
Huntington. The property was his, he
said, and owning it, he proposed to keep
it. He wanted no alliances which could
only in the end make him dependent
upon other for that which he himself
now controlled. This important deal. to
which New York, Berlin and London
houses a committed themselves, was
disposed Of.
The death of Mr.. Huntington brought
about a complete change in the situation.
The personal equation disappeared. "A
German syndicate. bidding for a large
block of the stock in September. was not
without encouragement that its bid
YOU be accepted for 100, 900 shares en-
bloc. at an average of $40 per share.
For reasons which. on a business basis.
We're considered satisfactory both here
and in London, the bid for this 10o. 900
shares was rejected.
The control of the Southern Pacific
system, it can now be said, has been
obtained by American financial inter-
ests not hitherto identified with the prop
erty. The parties to the syndicate OBJ
tanning the control are w. X. Vanderbilt,
E. H. Hartman, James J. Hill. Norman
p. Ream and James Speyer, the latter.
as the associate of Mr.. Huntington. hav-
ing been conspicuously influential in the
direction of the company's affairs for
years past. Within the past week Wall
street became excited over the discovery
that certain of Mr.. Huntington's Pacific
Mail property had passed into the hands
of MI. Hartman and his associates. in
Guiding James J.. Hill and Mr.. and
bilt. However this NAV be, it is certain
that the Southern Pacific deal, whereby
Vanderbilt interests will control, the
corporation of the Pacific Mail Steam
shin company can be of vast interest.
Aside from the Vanderbilt ambition to
establish and maintain a continuous line
from the Atlantic coast to the Pacific
and thence to the Orient. the taking over
of the Southern Pacific is an accomplish
men greater than any other coalition
hitherto forecasted. 1t is believed by
practical railway managers that with
the Southern Pacific system under a di-
rect Vanderbilt control, there will be at
oiit d NolilHitle ulSptS!liCI VI lilDSl VI
those dement's which hitherto have been
interfering with far western and south
western traffic rates.
Vanderbilt control of the Southern
Pacific declared one in authority yes
terday, will produce actual revolution
in southwestern railway business. We
will nave fair dealing. Secret rate cut
ting will stop. Instead of deception,
secret cuts, disturbances, losses and re-
prisals, We can have profits. In Amer
lean railway financial records, nothing
during the past twenty years has been
of 50 much Importance as this deal. Ac-
quiring control of the great Southern
Pacific system approximately 5000 miles)
IS an accomplishment which makes rela-
lively insignificant the recent taking
over by the New York Central of the
Boston & Albany property