The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-10-25

New York oct. 24.-The Times says:
Control of the Pacific Mail Steamship
company changes z. II. Hartman
succeeds Coils 2. Huntington. Mr..
Hartman and his colleagues have
taken over a majority of Pacific Mail
capital stock. Identified with Mr.. Har-
riman in this new big deal-one of in
ternatiOnal sIgnifiCance-ts William X.
Vanderbilt. Sequels soon TO follow Will
have far-reaching consequence.
Under Mr.. Huntington's direction the
Pacific Mail Stea mship company was
tender to his Southern Pacific interests.
fits operations subordinate to Mr.. Hunt
i1E,0u's great railway system. In its
new control the company VIII have
scope never hitherto contemplated.
Vanderbilt's Cherished Hope.
The acquisition Of the Pacific Mail
Steamship company makes possible the
immediate accomplishment OF Mr. Van
d.ruilts cherished plan of a continu-
ir- transpOrtat ton extraordinarily
under one management-frOm the At
laaHe through 10 the Pacific coast and
thence direct 90 the far east.
The New York Central system, link
Ell -o the Union Pacific by the Chicago
d Northwestern. with natural aUxiliar-
ICES already possessed. viii now connect
with Pacific Mail steamships for con
tH1'us transportation service to China
ana japan Philippine trade is. of
course tp he incidentally competed for.
Hter Mr.. Harrimans control-con-
tr.. In which w. X. Vanderbilt direct
~ tctpates-the Pacific Mail Steam
SNIP .'m-auys affairs will be revOlu-
J.'l1al- More steamShiDs-not one or
Two. nu, many-wiu be forthwith added
T.. -a7-y-7ra Most or Thorn
N.. He for Asiatic trade
Great Northern In It.
D. may Dee disclosed that James J.
Ill. "l the Great Nor-leru railway is
also interested ion Mr.. Ha-rimar's pro-
1ao-. Mr.. Hiu and AIr. Hartman nave
come mao close 8ffiliati0n i'm Chicago &
anon and IN Baltimore x Ohio reor-
Ea.lz.'f1l undertaking.. and Nh Har-
I''..H rs credited with giving more heed
80 -t-- Hills RAILWAY counsel than TO
..a' o. any Other transportation au-
IT,. .'E of the country.
-"H frei-Ht can be taken from The
e.. ~ New York across the continent
D. Tai without breaking bulk. and
81. -'"U-rd by steamship To China
s..t aian-all under bill of ladinE
-..~-Hl ug one centralized transpor-
l-...n interest. The Pacific Mail steam
s..N lna becomes thus practically
'" -am New York 20 Asia. 1t is.
therefore. Not improbable that before
--.~ there viii be a revival of the for
---.. reports of Consolidation-or what
.- .5stanee may he the same-between
--...aE systems from New York 10
..--..' Enia- Several shares have been
-''.a'.- on the New York stock ex-
e..-HIe. and Jhey have advanced sub
btantiaHy.
Have Purchased Stock.
-r- Hartman and Mr.. Vanderbilt are
s.-..7Q with having bought Pacific
--.- STOCK largely in the open market.
a.. having obtained at private sale a
..H Oh the stock from a representa-
S.l OF The Huntington estate. Suisse
-.'t- purchases on the stock exchange
- 1een responsible for the activity
5 1-.A strength. The stock bought from
20 huntington estate IS said TO have
;. ID taken over at an average Of close
ID 500 "a share
some important changes in the per-
so-4el OF the Pacific Mail Steamship
sl--IdnF are likely 20 be soon an
-o-A'ed- The board of directors as
10" constituted includes Henry Hart.
1I1-at Gates. Edwin Hawley. Samuel
:, 'lI4uas. Russell Sage. George J. Gould.
8 III. macy of New York. and X. p
l"eiin OF san FranciSco-the latter
De-AS vice president and general man