Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1900-10-27
SOUTHERN PACIFIC DEAL.
u Il ssIa the vaadsrbiis Have secured
csatroI sf That Head.

~ II said the Nanderhttta Hass secaroa
CsatroI ef That Rs.a.
\ New York. Oct. S6.-Thers Is = well
bundled correct rumor here that the
sanderbilts have obtained control Of
the Southern Pacific system. Negotia-
tons aiming at this accomplishment
were begun two years ago but were sum
marily disposed Of by @. p. Huntington.
The property was his. he said. and own
ing it, be proposed 10 keep it. He want
ed no alliances which could 10 any ez'
tent make him dependent upon interests
other than those for which be himself
stood. Thus important deals 10 which
New York. London and Berlin houses
had committed themselves were dis
posed Of.
The death Of Mr.. Huntington brought
about complete change in the situa-
ton. The personal equation disappeared. !
a German syndicate. bidding for large
block Of the stock In September. was not
without encouragement that It's bid
would be accepted for iOO.O 600 shares en-
bloc at an average Of ti9 per share. For
reasons. which on business basis were
considered satisfactory both here and at
London. however. the bid for this lOO..
900 shares was rejected.
The control Of the Southern Pacific
system. Il can now b. said. has been en-.
gineered by American fnAnciers not
hitherto identified with the property.
Conspicuous In the syndicate obtaining
the new control are William X. Wander.
bilt. T.. II. Hartman. james g. Hill,
Norman b. Ream and James Speyer.
the latter ~ the associate Of Mr.. Hunt
ington. having been eonspicuously IN.
fueutial IN the direction Of tbs com.
pany's affairs for years past.
Within the past week Wall street be-
came excited over the discovery that
control Of Mr.. Huntingtons Pacific
Mail property had passed 20 Mr.. Harri.
man and his associates. including James
J. Hill and W. X. Vanderbilt Erpla.
nations given 20 the currency have
aimed 90 represent that only Mr. Harri-
man had become controller. that Mr..
/ HIS interest and Mr.. Vanderbilt's in.
terests were relatively insignificant.
However, that may be-. Il is certain that
in the Southern Pacific deal whereby
| Vanderbilt interests viii control,l the
| corporation 81 the Pacific Mail Steam
ship company can b. Of vast interest.
Aside from the Vanderbilt ambition to
establish and maintain a transportation
line from the Atlantic coast at New
York 20 san Francisco, and thence 70
the far east (uade practicable by the
New York Central, Northwestern.
| Union Pacific and Pacifc NALL the tax
ing over % the southern Pacific Is an
accomplishment greater than any other
coalition hitherto forecasted.
II is believed by practical railway
managers that with the Southern Pacific
railway system under direct Wander.
bilt control. there VIII be- at once com
plete disposition Of most Of these ele-
ments which hitherto have been inter.
fearing with far western and southwest.
ern traffic rates.
Vanderbilt control Of the Southern
Pacific, declared one authority, Evil
produce actual revolution In southwest
ern railroad business We will have
fair dealings. Secret rate cutting will
stop. Instead Of deception. secret cut
ting. disturbances. losses and reprisali
we can have profits In certain way
of finance engineering nothing during
the past twenty years has been Of .
+ much consequence rs the possibility
that William X. Vanderbilt takes owe
; the Southern Pacific and puts Il on 4
, level with the Union Pacific. Chicag
and Northwestern. and New York Cen
trial.
Acquiring control Of the great South
ern Pacific system approximately 500
miles, Is an accomplishment whic
/ makes relatively Insignificant the r.
/ cent turn over by the New York Cen
trial of the Hoztnn and Albany property