Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1901-02-03
BIG RAILROAD DIAL.
The Southern Pacific Gobbled By
the Union Pacific Road.
a GIGANTIC SCHEME.
The Absorption Gives the Hartman
syndicate Control Of the Hunt
ingion Holdings A Line
from Atlantic 10 Pacific.

New York, Feb 2.-Anothor railway
transaction, reaching. It is believed,
much further in IT, ultimate result.
than any Of the deals which have thus
far marked the closing Of the old and
the beginning Of the new century, be-.
came known just few minutes before
the closing Of the market Friday after.
noon when the trunsfer Of the control
Of the Southern Pacific company into
the hands of syndicate in which the
Union Pacific interests prcdominate,
was announced The transaction com.
pletcs the last link necessary for the
establishment of "a transcontinental
railway under single control. This
control is at present vested in +. n. llar.
riman. The new route includes the FOL.
lowing lines In an of which except the
Southern Pacific, Mr. Hartman is on.
cially connected
Starting 40 san Francisco, running
over the Centul Pacific end of the
Southern Pacific direct 10 Ogden, thcn,e
first over the Union Pncihr 20 Kansas
City and thence over the Chicago and
Alton to Chicago. or second. over the
Union PuiGc o. Omaha and thence over
the Dubuque and Sioux City branch of
the Illinois Central direct a. Chicago,
wher fhr EIlfmur. aud Ohio connects
direct to the Atlantic Salb1ard Thee con-
troll of the Sutharn pardr just trans.
forrcd includes the large holdings con-
tr'liel hy Speyar s. Co., and also the
Huntington htlue, Tho price secured
Tor these holdings is NOT known james
Spyer, when questioned, would make
only the following concise statement:
eve rcy.yed % satisfactory oiIer for our
holdings of Southern Phcihc stock and
have accepted g."
From a reliable source however. IL
may D, stated that holdings Of the
Huntington estate In the Southern Pa.
cifr have been acquired by the same in
forests which purchased the Spcyor
stock and tbat the two blocks IN con.
ncctinu with resent purchases IN the
open market which have been RESPONSE
Ole Tor the sharp advance IN Southern
Pacific securities. have given the pur.
chaser, a working control OF the South.
om Pacific company
The syndicate j. composed. in the
first place. ~ the capitalist. who have
becn behind Hartman, including Kuhn.
Loeb q Co., who, it viii be- recalled.
have very CLOSE relations with the Penn
syluuia railway interests, and second.
the Rockefeller Interests. represented by
the National City hank
There is good authority for saving
that the Huntington stocks were trans.
fcrrcd some weeks ago The amount
OF such holding, Is not a matter Of pub.
lic knowledge They were bcqucathcd
by Mr Huntington, Mr.. Huntington
receiving two-thirl. and n r Hunting
ton one-third, subject 90 the condition
that such shares should not IN whole or
in part Boz disposed of during the life
time of either except with the consent
Of both such lcgatees or the survivors Of
them
| About one year age, before the death
Of Mr. Huntington what was known a.
| Spcycr.IIuntington syndicate acquired
according to published reports. Crockei
holdings par value s2g.Oo0.0OO and
Stamford holdings, S3OOOO.OOl and th,
| Hubbard holdings 100000 II wa.
also reported at the time that the syn
dictate has purchased the SHrlc, hold
iugs ot s360)o.O0), but this was sub
-cquently denied. At the last anuua
meeting Of the Southcru Pacific Mr.
| Huntington voted nnc.tenths Of Oh,
stock which included the proxies %
/ Spoyor s. Co and their friends
The total authorized stock Of th
Southern Pacific Is sgu.O0O.0l0 iuclud
ing s5G2,lgoO exchanged n 1850 So
Central paciGc stock. The southern
Pacific company owns uo stock in fcy
but principally through ownership O.
stock and partly by lease, 10 opcmtcs
great system Of roads extending fru
san Francisco 20 New Orleans thence b
company's steamer, 20 New York. etc
and 10 Portland. Ore, TO Ogden. Utah
with branches
, The importance Of the new deal grow
when viewed In connection with the a,
QUESTION In November last by the South
ern Pacific Of the Pacifc Mail Steam
ship company with lis immense distril
! uting power on the Pacific coast
3 The acquisition Of the Southern p,
cihc is merely another move in the con
V,auftlt. "a tut..st ,.,ft...