The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-04-05
RAILWAY COMBINATIONS
SEVERAL IMPORTANT DEALS SAID
TO HAVE BEEN COMPLETED.
New S2O,OOO.OOO Trunk Line - The
Erie Taken by the vanderbilfs.

Rumors of important railway deals are
again In circulation. The New York World
says; "a new twenty-millon-doIlar trunk
line system between Chicago. New York
and Boston. with an annual earning ca
pacity of nearly 100000 net. has been
completed by the transfer of the stock of
the Bennington & Rutland Railway TO Per-
cival w Clement. president of the Rutland
Railroad. The deal means that President
Clement. working i'm harmony with the
Vanderbilt interests, has completed a
freight line between this city and Chicago
having a greater water and a shorter rail
haul than any of it's competitors. 1t will
be. i'm fact. the differential line of the New
York Central road between New York and
the West. The fixed charges are less than
100000 annually. 1t Is estimated that the
capacity will be about five thousand tons
per day. Freight leaving Chicago for New
York or Boston will be taken by Rutland
transit boats formerly Ogdens Transport
Company to Ogdensburg. thence by rail
over the Rutland Canadian Railroad (now
being completely, thence TO Rutland. VT,
over the Champlain division OF the Rutland
Railroad, and thence 70 Troy. over the
Bennington & Rutland Railway. From
there to New York IL Will be sent over the
New York Central. The Boston freight will
take the same route to Rutland, where IL
will be sent over the mountain division OF
the Rutland road to Bellows Falls and
thence to its destination by the Boston &
Maine the Fitchburg lines
The New York Herald says: According
To fofa xVol ofr int
ests in close touch with the Vanderbilt
and Morgan factions. one of the first and
most important results of the Vanderbilt
Morgan-Cassatt alliance for the joint con-
troll of Eastern railroad systems will be
the cementing of new coal combination
which will include both the anthracite and
bituminous companies. and bind them to-
gether in a powerful trust that will have
absolute control of the American Goa
trade. The final step toward the compile
tion of this project was. IL is said. the &C.
QUESTION by the Pennsylvania Railroad oil
sufficient Norfolk & Western stock to make
1T factor in the management of tina
property" ft -
The New York Times SAYS: Control OF
the Reading Railroad has been acquired
by the Vanderbilts. Not only is the vas
mileage. with the extraordinary coal-lanC
holdings of the Reading company. taker
over by the Vanderbilts, but two Other
high Valley and the Erie systems are to bs
merged into the Reading. and the Reading
with these acquisitions, becomes the prop
,erty of the Vanderbilts. This assures th'
settlement of anthracite coal troubles-th'
| uniication of anthracite coal-mining ant
transportation interests. On this accoun
alone the deal has tremendous conse
| quence. In 1t, however, are other and ever
| greater elements. BY this transaction
practically every disturbing factor Is re
| moved from the anthracite syndicate. No
| only are competitive corporations brough
| into harmony, but financial interests re
Gently antagonistic, dangerously close e
| OPEN warfare, are harmoniZed. William
| Vanderbilt himself has decided this alb
| sorption deal In some very high fnancia
| circles the theory prevails that his pur
| pose has been to acquire the Reading. lie
| high Valley and Erie in combination, 70
| the purpose of directly annexing them Z
| the New York Central"
President Yates. of the Buffalo, Roches
| ter & Pittsburg Railroad, confirms the re
i port that negotiations are in progress 10
1 the merging of that road with the New
/ York Central system. Mr.. Yates denies
/ however, that the arrangements for tn
i transfer have been completed.