New-York tribune., 1901-05-04
P. r. R. AND ATCHlSON.
BELIEF THAT THE FORMER HAS MADE
OFFER FOR THE LATTER-yANDER-
BIITS AND UNION PACIFIC.

In spite of official and semi-othcial denials.
there is a growing feeling that the Pennsylvania
has made direct offer 10 the Atchison. Topeka
and Santa Fe directors for the control Of that
property. 1t is popularity believed that the offer
includes a , per cent guarantee on the common
stock
E P Ripley. president of the Atchison road.
said yesterday:
/ do not know whether any one is aiming 20
secure the control Of our company or not. I
have not tried to analyze the present upward
movement of our stocks. 1 never attempt TO
fathom the mysteries of Wall Street. The Atchi-
remained independent. Its shares are worth.
every cent of their present quotations The
movement toward consolidation of smaller roads
by larger ones has become important, and con-
Germs every railroad man. l have heard abso-
lutely nothing official regarding the rumored
buying of our stocks by Pennsylvania interests
1 am inclined to doubt the accuracy Of the re-
port"
Other rumors regarding these two roads
to the effect that the Pennsylvania Rail-
road would offer 31a per cent bond for Atchison
common stock This is believed to be unfound-
ed. because even if a controlling interest in the
Atchison had been secured. the Pennsylvania
company would not depart radically from its
usual method of financing such purchases.
An influential official of the New-YOrk Central
Railroad. in the confidence Of William K.
Vanderbilt. declared positively yesterday that
recent purchases of Union Pacific stock had not
been for Vanderbilt interests.
The relations between Mr. Hartman and
Vanderbilt interests of the most cordial
character" said this authority. L am at loss
to explain the sensational movements of Union
Pacific stock upon other grounds than il is
wildly speculative. There is no use denying that
the same character of community control that
mas been round eHectfve in the East and the
Northwest is to be extended to the Southwestern
and Central Western group OF railroads No
doubt all these roads will be greatly benefited
by this coalition of interests. and there has
been recently great deal of buying for this
/ purpose The public have been Wild and illOg-
lcal buyers of these securities. and they have
peen largely instrumental in effecting these hucJ-
uatlons- The purchases of Atchson Missouri
/ Pacific, Union Pacific and the roads OF that
/ group can all be accounted for in this way.
No actual mergers and combinations are re-
sarded as imminent. No doubt interests allied
/ with the Pennsylvania. the New-York Central
/ ana the big trunk lines have been more or less
/ active IN this direction. but there has been no
/ bitter war over control and 1 believe that the
control OF these properties is vested to-day just
/ Where 1t was before this movement started. It
may be. however. that strong financial interests
IN the East have added largely to their holdings
( tor the purpose of having voice in the man
/ aSement or the properties. and also for invest
! nent. The West is developing rapidly. and will
/ grow in richness. To those who look ahead and
can aHord 10 wait those stocks were cheap and
the purchases Of such quantities naturally forced
/ the price up"
l. n Hartman was quoted yesterday say
/ ing: / nave not let go any of my holdings in
Union Pacific. There is really nothing to be said
/ on the subject There is no news
HosWeI Miller, who resigned several weeks
ago rrom the Craftsmanship Of the St Paul board
/ of directors. is also director Of the Union Pa
/ CHIC Railroad. Yesterday he said:
/ There is no significance whatever to be at
/ tached 10 my resignation from the Union Pacific
J Union Pacific
+ thlnklng could be Of some benefit TO the St
: FauI company l found 1 could not be of bene-
| NJ ana nave got out, without. however. any i'm
patrment of our pleasant relations with the
| Union Pacific people"
! Union Pacific interests yesterday declined 10
/ discuss Mr.. Miller's resignation