The Portland daily press., 1900-01-08

Ths vsaderbiis. are After the Boston q
Maine.

The vsnderbtfts are After the Boston q
Maine.
| nNew York, January 6-Tbe Tribune to-
| morrow will say II 10 absolutely con-
firmsd that the Pennsyrvsnia railroad has
secured block OF ten thousand shares Of
the preferred stock OF the Baltimore and
Oaio railroad. It is further said that
the Pennsylvsnia hss secured large
block OF stock In the Chesapeake and
OHIO. This road ss generally looked up
on as being controlled By ]. Pisfpont
Morgan and hIs associates. 1t 10 now
said that tbs insrxer Of tho Chesapeake
and Ohio will tie with the Baltimors and
Ohio and that the Norfolk and Western
will also come In under the same merger
Then, owing TO the heavy holdings of
Pennsylvania interests In Baltimore and
Ohio ttook. IL 10 said the two roads. form
erly rivals, will be operatsd In absolute
harmony and, the Chesapeake and Ohio
and the Norfolk and Western eliminat-
cd, every thing will BE- serene In the rail
road situasion In that section Of the
country.
| In New England the lease Of the Bos-
ton and Albany to the New York Central
is formally known. The negotiations OF
the Boston and Maine, which owns the
Maine Central railroad to take over the
Bitchburg have bssn officially admitted.
| Ihts leaves the New England territory
divided between the New York, New
Haven and Hartford, the New York Gen.
tral and the Boston and Maine interests.
The alliance between the New York
| Central and the New Haven. owing to the
entrance Of William Rockefeller into the
board Of the New York Central 10 oou-
plote. and merger Of the two properties
may bs looked for In the end. Tho
Pennsylvania may be a disturbing factor
in such a combination. owing I, Its CLOSE
traffic connections with the New Haven,
except for the fact that absolute harmony
exists between the New York Central and
the Pennsylvania. This is demonstrated
in that the Central did not oppose the
acq quisition OF the Chesapeake and Ohio
stock on the part of the Pennsylvanis
| and taoitly helped the road to clarity the
rate situation In that section. A merger
Of the Boston AMI Maine with all its
leased lines into the New York Central
has been talk OF, but so far as can be
learned, nothing has beun actually accom-
plisned, and while many railway men sx-
pect such com bination in due time, 1t
Is not expeo ted that 1t will mature for
some time. IL became generally known
yesterday that ths Lake Shore which un-
der the consolidation scheme OF the New
York Genital recently became practically
an integral part Of that sy stem. has taken
over the Lake Erie and Western, which
was formerly regarded as the property OF
the late Calvin 5. Brice.
II was generally understood soon aftsr
the death of Mr.. Brice that the Van.
derbilt interests had acquired all OF the
lake Eris and Westei n stock held by his
estate and by his immediate business as
soei atss In the company. Sinos then the
same interests have apparently been
picking up that stock In the market for
within day or two about G.0Do shares
Of the preferred stock and an equal
amount OF the common are reported to
have been transferred to the name Of W.
X. Vanderbilt. Thess 120. 900 shares oon-
stisuts majority of the capital stock. 1t
IS understood that the new owners and
their representatives will at once take
places on the directory and that hereafter
the road will be operated as part OF the
Lake Shore system - -..
The Cleveland, Cincinnati, Chicago
and st. Louis-ths "Big 4" rosd-which
IL is announced is now fully controlled
by the Wander Its. oooupisd In part the
same field with the Lake Erie and West
ern. The total mileage Of the Big -Four
system is 2, 234 miles.
The Press tomorrow will say: W. X.
Vanderbilt has made plans to extend the
New York Central sys to m in the West
IL may be announced authoritativeiy
that he has acquired control OF q majority
Of the d 1ck Of the Lake Erie and " est
ern Railroad company, that the line viii
be operased In connection with the Lake
shore and that this week W. II. New
man, the president OF the lait " company,
will be elected Its presidsnt. Ths Lake
Erie and Western company owns 725
| mil % Of railroad and leases 167 mi les,
and among the iInportant cities that 1t
toucnas are Sand usky, Ohio; Peoria, Ills
Indianapolis, Ind, and Michigan City,
Ind. 1t further may be announced au-
thoritatively that the vanderbilts have
scquired by purchase enough more shares
Of the Cleveland, Cincinnati, Chicago
and st. Louis to give them u majority OF
the stock Of that company. This line
bilt property, but the present plan is to
A., Ill -