The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-01-12

STANDING, the IOltOWlHS lines are low De
neved to be the only ones included:
Railway Lines Capital Stock
New Yark Central ................ Sis, 900 900
Lake Shore Observation-Disclosures. $1,000 800
Boston & Albany Observation-Disclosures. 25,050,001
Delaware & Hudson. 81 zoe co.
Del, Lackawanna & Western. %, 20oGJ0
Big Four SS,4l0,S32
Norfolk & Western. S9,000. 000
Chesapeake & Ohio. 65,549. 100
Baltimore & Ohio.................. 105, GOO 600
Chicago & Observation-Disclosures. 63,1S4 81
Illinois Central. 52,Jt0. 900
Northern Pacific. ...........,...... 155. 900. 90
n. Y, New Haven & Hartford. 476l2. 200
Lake Erie e Western. 49,. % $50. 90
The objects of the consolidation are
these:
The combination will undertake at
once the re-establishing of rates ard
their maintenance on a permanent ba
sis. 1t will do away with the payment Of
commissions on passenger business.
1t will begin at once TO cut down the
expensive passenger and advertising de-
partments of the railroads
1t will abolish the so-called fast freight
lines" which are expensive and unre-
monerative parasites
1t will do away with the selling agen-
cies and the various subsidiary companies
owned and operated by officials of the pa
rent companies.
1t will abolish the travelling freight
agent as far as possible. as he is uniyer-
sally voted "the root of all evil"
1t will resist the demands Of all big cor
porations for rebates. and it will, follow
ing the lead of the Baltimore and Ohio
Railroad, cooperate with the Interstate
Commerce Commission in the mainte-
nance of laws and rates.
1t will establish both the anthracite
and bituminous coal trades on a perma-
nently profitable basis.
It will abolish differentials at the At
lantic seaports and establish a grain tar
if from the West to the seaboard based
on the prevailing market price of the
cereal.
1t will take up and provide for a settle
ment OF the labor question as far as pos
sible.
One Of the final steps leading to the
development of Mr.. Vanderbllts scheme
has been the requirement by the Lake
Shore of the Lake Erie and Western
Railroad. Soon after the death OF Cal
win S. Brice. Vanderbilt interests acquired
all the Lake Erie and Western stock
held by his estate in the company.
Since then the same interests have been
picking up more stock in the market.
for $1,000 shares Of the preferred stock
and an equal amount Of common have
been transferred % the name OF W. X.
Vanderbilt Theses 10000 shares consu-
tute a majority Of the capital stock.
Il is understood that the new owners
and their representatives viii az once
take places on the directory and that
hereafter the road viii be operated as a
part of the Lake Shore system. Will
lam II Newman. President Of the Lake
Shore. is TO succeed BBrice as President.
Another deal which is approaching con
summation ana which explains the great
activity OF the stock OF the Chesapeake
and Ohio Railroad last week s. the clos
or union between the Big -Four system
and the Lake Shore and the formation %
a sub-aIIiace between the Baltimore and
Ohio the Chesapeake and Ohio. the Nor
folk and Western and the Pennsylvania
Railroads.
The Wall Street News Bureau. which
IS regarded as good authority on the
plans Of the MorEan-vandersslt interests.
yesterday printed mo following state
mert which il believed q be inspired.
I'VE understand Oh undouate3 author
irv thar there VIII be 10 consolidation
Of the Cleveland. Cincinnati. Chicago and
s.. Louis CBlE Four and Chesapeake and
Ohio Railroads as has been r1meretl
would be the case While such prolecs
may have once been under co1si5srst don
rs ne interests controlling the tWo prop
critics ire abandonment has become neces-
sa~r on account q ;he change ia rels-
tieus berweea the New YORK Central and
tho Pennsylvania Railroads which Wa
dete-apea last summer The O. @ q. and
= Louis Riu BE united more closely vita
the New York Central system.
The buying = Chesap AXE and Ohio
or some tirne past has been foT ;he &C.
couns q a syndicate With which william
K Tanse-bH, aas Pennsglvania Haii-
road interests are equally connected =,
Is understood trst the chesapeake ard
ono VII - o7sra.e5' laaeoea5eaily bur
rs sznsrzaiD VII ~ bold IL tae l9.ut r.
,e-sst n Ire Nsw York central ard Pea
r.zyITzEis Rsilra5
~sr This plan further step nav -
saksa y .ae maintenance g rate har-
n as ~ the South
Rer-y F1nk. President . re So-so.k
aas western Rairoad Company .sai5 ves-
,erdag
xaz rot p-ssert n any coafsrez-e
~ railroad presidents az sse Faa8aTf-As
tara 81 '4as1rsaaF ~ Fnssg sat Z
Enow aosasnE of aay t4A r. rnaeti <
- arrse agaa rates tos sss8 caas sr@1s~
zer.a.1zz