The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-04-06
A GIGANTIC COMBINE
no CONSOLIDATE ALL THE BIG
RAILWAY SYSTEMS
IS SERIOUSLY DISCUSSED.
sorTHERN RAILWAY TO BEGIN THE
MOVEMENT.

10 Be the Greatest Combination OF
CanItaI known in the History OF
EjDouce-Names of the Giants of
Finance, Morgan, Hill, RockefeIler5
could. Vanderbilt and Others
V.oeIx Used-To Be Based on Nor
xan's Idea of Community OF IN
terests-The Southern Preparing to
Anxorb some of Its Western Lines.
>-ou, York. April 5.-Reports that huge
railroad combinations are in process OF
formetion were widely circulated here
4o-dav Detailed statements concerning
,na man already published looking to the
combna ton of all the great railway sys-
+ens of the United States, under the con-
troll of one company, were given, but as
q general thing prominent railroad oln-
,io1s and bankers declined to discuss the
matter According to all accounts the
enterprise involved the greatest combina-
tion of capital known in the history OF
finance. 1t was said the company would
he formed under the laws of New Jer-
eav for the purpose of conducting gen
araI freight and transportation business
+broughout the United States, that the
company would hold controlling inter
est in all of the great raft
wav systems, and that the man
agement of the road would be Vestep
in the controlling company. According 10
the proposition each road would preserve
its identity and corporate existence but
the af-
fairs of all. BY this policy it was claim
ed large sums of money could be saved
as result of economies in management
and the stoppage of rate cutting The
names of men like j. P. Morgan, William
K Vanderbilt James ]. Hill, Edward H.
Hartman, George ]. Gould, john u.
Rockefeller, Jacob H. Schiff and James
Stillmyan were freely used. One report
stated that the first step in the proposed
plan would be the securing of control OF
the stocks of the Chicago, Burlington and
Quincy the Erie, the Great Northern and
Northern Pacific and that provision would
be made for the acquisition of other prop
critics in the immediate future.
Community of Interest Basis.
Discussing the amalgamated road sys-
tenn the New York Press tomorrow will
say:
"All that is aimed at, according to the
best authority obtainable is a community
of interest. The close amalg gamation on
community of interest basis was first
brought about through the efforts of j.
Pierpont Morgan. As a result of this
close union of interest ruinous rate wars
are already at an end, not so many high
priced officials are needed as before, and
one can buy a ticket on any trunk line
in almost any one of the large offices in
the cities. However, that a single COM
pany will be formed under the New Jer-
sey laws to take over all the railroads
of the country is not considered seriously
by well informed railway men,"
General Officers Deny the Report.
Cincinnati, April 5.-All the general Of
fcers located here deny the report of the
amalgamation of the Cincinnati, Hamil-
ton and Dayton, the Monon, the Cincin-
natl Southern and the Southern Railway
under the j. Pierpont Morgan syndicate.
This consolidation has been agftated in
connection with the pending renewal of
a lease of the Cincinnati Southern to the
southern Railway, but the officials of the
two lines whose general offices are here,
deny that anything has been done that
Will warrant the announcement of con-
solidation or even terms for it.
One of MOrgan's Combines.
Columbus, o., April 5-A special to the
Dispatch from Cincinnati says:
gigantic amalgamation of four rail-
roads has just been effected. The roads
are the Southern Railway. the Cincinnati
Hamilton and Dayton, the Chicago, In
dianapolis and Louisville, and the Cincin-
natl Southern. ]. Pierpont Morgan is re-
puted to have formed the combine.