The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-10-27
SOUTHERN pacific RUMORS.
vAxDERBILTs SAID TO HAVE Sc
CURED CONTROL OF PROPERTY.
Detailed Statement of How the Deal
was Accomplished - Mr.. Tweed
Knows Nothing of It-Jsmes }.
Hill Named a. One of the Parties.
NEW YORK. Oct. 2s-The Times says:

NEW YORK, Oct. 2G.--The Times says:
The vanderbiits have obtained control
OF the Southern Pacific system. Negotia-
tons aiming at this accomplishment were
begun two years ago. but we're summar-
lily disposed Of by c. p. Huntington. Ihe
property was his, he said, and, owning II,
he proposed TO keep It. He wanted no
alliances which could only in extent
make him dependent upon others, for
which he himself stood. Thus the import
ant deal, TO which the New York, Lon
don ana Berlin houses had committed
themselves, was disposed OF.
The death Of Mr.. Huntington brought
about complete change In the situation.
Tho personal equation disappeared. A
German syndicate, bidding for a large
block of the stock, In September, was
not without encouragement that It's bid
would be accepted for 10000 shares en-
bloc at an average OF az per share. For
reasons, which on q business basis we're
considered satisfactory, both here and
Mt London. however. the bid for this
10000 shares was rejected.
The control OF the Southern Pacific sys-
tenn. II can now be said. has been OBJ
tanned by American financial interests not
hitherto identified with the property.
Conspicuous In the syndicate obtaining
the new control are William X. Wander
bilt. E. II. Hartman. James j. Hill. Nor
man r. Ream and James Speyer, the lat
ter. ss the associate of Mr.. Huntington,
having been conspicuousiy influential In
thu direction OF the company's affairs for
years past.
Wall street Excited.
within the past week Wall street be-
cume excited over the discovery that con-
troll OF Mr.. HuntingtOns Pacific Mall
property had passed to r.. II. Hartman
and his associates, Including James j.
Hill and w. X. Vanderbilt. Explanations
given much currency have aimed to rep
resent that only Mr.. Hartman had be-
come controller, that Mr.. Hilrs interests
and Mr.. vsnderbits interests were rel
auvely Insignificant. However this may
be, II II certain that In the southern Pa
oafc deal whereby vanderbilt's interests
will cnntroD the corporation OF the Pa
cinc Mail Steamship Company can be Of
vast Interest.
Aside from the Vanderbilt ambition to
esfabiish and maintain transportation
Inc from the Atlantic coast 20 San
Francisco. and thence to the far East
,de ~ shs SeT pa s2ss and
Pacific Mail. the taking over Of the
Southern Pacific is an accomplishment
creator than any other coalition hitherto
forecasted.
1t il believed by practical railway man.
ayers that with the Southern Pacific rail-
way system under direct Vanderbilt
control there will be At once a complete
which hitherto have been interfering
with far Western and Southwestern traf-
fic rates.
Rste-CattinG VIII stop.
vanderbilt control OF the Southern
Pacific" declared one IN authority yes
terdsy. will produce actual revolution
in Southwest railroad business. We VIII
have fair dealing Secret rate cutting
will stop. Instead of deception. secret
cuts disturbances. losses and reprisals,
we can have profits In American rail-
way fnanciering nothing during the past
twenty years has been OF so much conse-
auencc AZ the possibility that william X
Vanderbilt takes over the Southern Pa
clnc and puts u upon a level with the
Union Pacific, Chicago n Northwestern
and New York Central Acquiring con-
troll Of the great Southern Pacific system
Approximately 5000 miles) Is an accom-
pliahment which makes relatively inslx-
rlfcant the recent taking over by the
New York Central OF the Boston & AL
bany property.
Mr.. Tweed. View of n.
NEW YORK. Oct 26,--tn an interview
today relative TO the current report that
the Nanderhlts have obtained control of
the Southern Pacific railroad Charles VI.
Tweed an official OF the company. said
Mr. Vanderbilt may have bought stock
Ia the open market. but 80 far as ! know
the control % the road has not changed. =