The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-04-06
AMALGAMATION
OF RAILWAYS
Transportation Lines 10 be
Merged Into One Great
System

New York. April 5.--Reports that
huge railroad combinations are in pro-
cess OF formation were widely circu-
lated here esday. Detailed statements
concerning the plan already published.
looking to the combination OF all the
great railway systems Of the United
states under the control Of one COM
pnny, were given. bur as a general
thing prominent railroad officials and
bankers declined 20 discuss the mat
tor.
According TO all accounts the enter
prise involved the greatest combina-
tion Of capital known IN the history Of
finance It was said the company
would be formed under the laws Of
Kew Jersey Tor the purpose Of con-
Quoting general freight and trans
portation business throughout the Uni
ted States. that the company would
hold a controlling interest IN an Of
the great railway systems and that
the management Of the roads would
be vested in the controlling company.
According TO the proposition ench road
would preserve it's Identity and cor
porate existence. but the new com
pany would control the affairs OF ALI
BY this policy, Il was asserted, large
sums OF money could be saved as "a
result Of economies In management and
the sroppagc OF rate cutting. The
names Of men like ]. Pierpont Morgan,
William X. Vanderbilt James j. HIN.
Edward II. Hartman. George ]. Gould.
JOHN ID. Rockefeller Jacob II. schlm.
and James Stllman were freely used.
one report stated that the FIRST pro-
posed plan would be the securing CON
troll OF the stocks Of the Chicago, Bur
lington and Quincy. the Erie, the Great
Nohthern and Northern aPcifc. and
that frovision would be made for the
acquisition of other properties in the
Immediate future
Discussing the reported amalgama T.
tion OF the railroad interests Of the
country. the New York Press VIII say
tomorrow;
Gan that II aimed at according 20
the best authority obtainable is a COM
munity OF interests. The close ANAL
gamation or a community OF interests
basis was first brought about through
the efforts OF ]. Plerpont Morgan. As
"a RESULT OF this close union Of interest
ruinous rate wars are already at an
end. not 80 many high priced officials
in the cities. However that a single
company viii be formed under the New
Jersey laws to take over all the rail-
roads Of the country Is not considered
seriously by well Informed railway
men"
Dispatches received In this city to-
night from Cincinnati stated that a
gigantic amaigamation OF four rail-
ways under the guiding hand OF j.
Pierpont Morgan had already taken
place. The roads mentioned We're the
southern railway, the Cincinnati, Ham
ilton and Dayton, the Chicago, Indi-
anapSlis and Louisville and the Gin
cinnnti Southern
Relative h~ rticular report
General SSmuel racmas president OF
tho Chicago. indianapolis railroad. to-
night said
AT the present time there Is little
10 say scout the deal / believe tie re-
port that committees of Clnc.auati,
however, IS little bit premature /
don't believe the amalgomation has
been effected yet.
1T is true that steps are under con-
sideration looking toward combina-
tion OF the roads mentioned. Think Il
win be effected, for all Of the interests
are favorable TO Il.
"It can scarcely be called an amalga-
nation Of the roads under the scheme
that Is under consideration II IS
merely "A GENERALIZATION Of power look
ing toward the best interests Of the
various roads"