Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-10-24
ALL THE WORLD
WILL BE COVERED BY NEW
TRANSPORTATION SCHEME
GREAT INTERESTS COMBINE.
Across the Continent and Around the
World Under One Manage
nlent.

New York. Oct. 2i.-The Times says:
Control of the Pacific Mail Steamship
company changes, T.. H. Hartman sue
ceeding Coils p. Huntington. Mr.. Har-
riman and his colleagues have taken
over 4 majority of the Pacific Mail stock.
Identified With MI. Hartman in this new
deal is William L. Vanderbilt. SeQuels
soon to follow will have far-reaching
consequence. Under Mr.. Huntingtol's
direction the Pacific Mail mpan was
a tender to his Southern Pacific inter-
ests, its operations subordinate to Mr..
Huntington's great railway scheme. In
its new control the will have
scope never hitherto contemplated. The
acquisition of the Pacific Mail makes
possible the immediate accomplishment:
of Mr.. Nandeloilt's cherished plan of a
continuous transportation system, vir-
tually under one management, from the
Atlantic through to the Pacific coast and
thence direct to the far east. The New
York Central system. linked to the
Union Pacific by the Chicago & North
western, With natural auXiliaries already
possessed. will form one vast transpor-
tation line.
More steamships, not one or two, but
many. Will be forthwith added to the Pa
cific Mail service. Most of them will be
for Asiatic trade. 1t may be disclosed
that James ]. Hill is also interested in
Mr.. Harrinlan's project. Mr.. Hill and
Mr.. Hartman have come into close atiii-
iation in Chicago & Alton and in the
Baltimore & OHIO reorganization, and
Mr.. Hartman is credited with giving
more heed to Mr.. Hills railway counsel
than TO that of any other transportation
authority. Now freight can be taken
from the port of New York across the
continent by rail without breaking bulk
and sent forward by steamship to China
and ~Japan-all under a BIN of lading rep
resenting one centralized transportation
interest. The Pacific Mail Steamship
line becomes thus practically a mere
''division" in a Vanderbilt system from
New York to Asia. 1t is therefore not
improbable that before long there viii
be a revival of the former reports of
consolidation or what may be the same
thing. between the railway systems from
New York to California. Shares have adj
vanced substantially. Generally this inn
provement has been attributed to the
fact tha assurances have come from
Senator Hanna and others quotable as
authorities, that as s1on as congress
meets the Hanna-Payne shipping sub
sidy bill Will be passed.
No possible change in the political COM
DieNlOl OF the congress tlSClcu ltS\k
month will have bearing upon this pro-
gramme the present congress in its win
ter session having the power to enact the
subsidy legislation. though there are in
dependent observers who doubt the abl:-
itv of Mr.. Hanna to hurry through his
bill under any circumstances. However
this may be. the disclosure of Mr.. Harri-
mans control of the company makes
clear the fact that disconnting congress
sional action has not been responsible
for the advance in Pacific Nails quota
tons.
MIR. Hartman and Mr.. Vanderbilt are
credited with having bought Pacific Man
stock largely in the open market, AFTER
having obtained at private sale a DOCK
of the stock from a representative of the
HUNTINGTON estate, Subsequent pur-
chases on the stock exchange have been
responsible for the activity ana strength.
The stock bought from the Huntington
estate is said to nave been taken over
at an average of close to $50 a share.
Changes in the personnel of the IA
cifc Mail are likely to be soon an
nounced. The board of directors as now
constituted includes Henry Hart. Isaac
Gates. Edwin Hawley, Samuel Thomas,
Russell Sage, George ]. Gould, q. II.
Macy of New York. and r. p.
of San Francisco-the latter being vice
president and general manager. Messfs.
Hartman and Vanderbilt may enter the
directory. Edwin TawleE, for years one
of Mr.. Huntington's chief lieutenants.
can have the Pacific Mail presidency II
he wants it. Mr.. Hartman went west
and Immediately following his return the
deal may be announced. In Chicago he
will meet representatives of the Union
Pacific and Chicago & northwestern,
and if not James J. Hill personally, one
of the latter's Great Northern associates.
Under Mr.. Huntington's control the
Pacific Mail practically confined its re-
1ations with the Southern Pacific. Under
q Observation-Disclosures control, it will
have the business of various systems.