Clarke courier. [volume] (Berryville, Va.) 1869-1997, 1901-05-29


Try them. Only 25c at G.. Blen.
cowe's drug store.
ly managed, TO be had for the ask
ing, but its stock was in the market.
and so Mr.. Vanderbilt bought great
blocks of 1t. When the Pennsylva-
MIA management found out what he
WAS doing, they wanted an explana
ton, which was promptly forthcom-
ing. In effect it was this: That by
CO operation the Central and the
Pennsylvania could in a great meas
ure control traffic between the At.
lantic seaboard and Mississippi val
ley. This admirable theory. which
was practically advanced in the
nature of proposition, struck the
Pennsy vhnia president, Mr.. Alexan-
der Cassatt, so favorably that he rec
commended it to the Pennsylvania
management and bought big blocks
of Central.
The railway mileage owned and
controlled by the New York Central
system, aggregating $4,000 nils
aud including the Lake Shore and
Michigan Southern, the West Shore.
the Delaware, Lackawanna and
Western and the Chicago and North
western. was further increased bv
the addition of the Boston and Al
bauy; while the New York. New
Haven and ford. with it's 1000
miles OF track, IN sympathetic hands
gave tn Central and PENNSYLVANIA
practical control of all the East. the
Boston aud aud Maine system. with
2,244 miles. being then at their
mercy.
In order TO completely control the
Atlantic seabOard from Maine 10
Florida 1t was only necessary now
for the Pennsylvania to absorb.
either 10y purchase of stock or by Sc
curing dominating influence in d.
rectorates, such systems as the Nor
folk X Western, the Chesapeake <
Ohio and the great Baltimore x
Ohio, with Its more than 5000 miles
of tracks. These little morsels were
well within the capacity of the Penn
sylyania to digest, and the deal"
ended with total of more than IS
600 miles to its credit, aggregating
with the Central's holdings nearly
$4,000 miles.
Mr.. Vanderbilt and Mr.. Cassatt
joined forces to the mutual advan-
tage of their respective systems the
Central and the Pennsylvania ob.
tanning JOINT control of the Chesa-
peake and Ohio aud the Pennsylva-
MIA alone securing the Norfolk <
Western.
But absolute control over all the
great southern roads was not ac-
quired without the cooperation of
another magnate, who, though not
generally known AS IA railway man,
held IN his hands the guiding reins
to more iron horses than were pos.
sessed either by the Central or the
Pennsylvania. This driver of iron
steeds was none other than the great
Banker j. Pierpont Morgrn, whose
success in consolidating various lines
and combining diverse interests has
given rise &c "a. saying that he not
only re-orgaHized them but "re- Mo
ganized" them. Mr.. Morgan held
the destinies of several railroads in
his grasp at that time and has since
increased his controlling interests
until he personally dominates more
than 10000 miles. These roads
comprise the Philadelphia and Read
ing, Central of New Jersey, Lehigh
Valley, Erie, Atlantic Coast Line,
Southern railway, Queen and Ores
cent route, Mobile and Ohio, Cen
trail of Georgia and two or three
smaller lines. Thus it came about
that, Barkis being willing, there was
formed the great triad consisting of
Vanderbilt, Cassatt and Morgan.
who actually hold today the fate of
the eastern United States in their
hands through their domination of
the railway situation.