Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-05-03
GOULD AND Vanderbilt
IN A BIG RAILROAD Fight.
A CONTEST FOR SUPREMACY THAT
REACHES CLEAR ACROSS
THE CONTINENT.
THE WHEELING & LAKE ERIE
TO HAVE AN INDEPENDENT EN-
TRANCE INTO PITTSBURG.
WILL NOT USE b. e. o.

NEW YORK, May 1.-THE Commercial
Advertiser says:
Friends of E. H. Hartman assert
with much confidence to-day that the
syndicate of which he is the head has
not lost control of the Union Pacific
railroad. This claim is significant, be-
cause persons closely identified with
declared within the past three days that
tLey could not tell anything about the
situation.
THE confidence manifested by Mr..
Harriman's friends to-day is based
largely on the supposition that in the
competitive buying of last Tuesday the
Gould and Hartman interests secured
enough of the Union Pacific shares to
restore their holdings to the majority
point
Discussing the Union Pacific situa-
ton, the Mail and Express has the fol.
lowing:
From the current tremendous mar
ket movements in Union Pacific and
Atchison stocks-big advances occur
ring in each to-day-it became clear
that a fight is going on between great
money interests over the establishment
of transcontinental systems.
1T now appears that this fight CEN
tiers around the plans of George 7.
Gould and E. H. Hartman to establish
lantic to the Pacific ocean, ard Will
lam X. Vanderbilt and the Pennsylvania
railroad people, seeing what was Up,
have made up their minds to Illustrate
them.
With the Gould and Hartman peo-
pie on the one hand, are said to be
Kuhn, Loeb & Co., who are Identified
with the Union Pacific management,
while Mr.. Morgan is believed to have
lent his influence to the -Vanderbilts
and Pennsylvania forces.
THE Rockefellers, who are identifisd
with Mr.. Gould in the southwestern
deal, are said to have stood aleof from
the Union Pacific incident and 10 have
done nothing which could be criticised
by Mr.. Morgan, with whom they are as
ISOLATED in many affairs
Continuing the Mail and Express
says:
In order to protect the Northwestern
and New York Central VIM K. Van
derbilt started to accumulate a large
amout of Union Pacific, and Messrs.
Gould and Hartman learning this, also
bought enormous quantities of this
stock.
Meanwhile, the Pennsylvania having
lost the Burlington to the Northern Pa
cific and Great Northern, also had to
fix up its western fences.
Now, it is asserted, both the New
York Central and Pennsylvania, which
entered into close alliance two years
ago, never had such need to stand
shoulder to shoulder as they have to-
day 1t is believed they are acting in
close harmony in the matter Of the CON
troll of Union Pacific and Atchison
There is another serious side of the
fight. The Pennsylvania has been try
ing to prevent the entrance of the Gould
lines into Pittsburg. A recent despatch
from that city stated that the Wheeling
& Lake Erie would not be so extended,
but that the Pennsylvania would allow
Mr.. Gould favorable track privileges
over the B. & o.
1t is officially stated to-uay that this
offer viii not be accepted. but the
Wheeling road will be extended into
Flttsburg as rapidly as possible This
will directly benefit both the Wabash
and the Missouri Pacific. giving them a
large steel and iron tonnage Mr.. Car
negie, before selling out to the steel
trust made contract to deliver vast
amount OF his tonnage aggregating
more than 100000 tons year. to the
Wheeling roads. Mr. Carnegie was
himself to build an important line to
Underwater, presumably at Baltimore.
He is understood to have made an
offer Tor the Western Maryland rail-
road. Now it is asserted that Mr.. Gould
intends to carry out some such plan in
order to prepare for any fight that he
may have with the Pennsylvania and
Vanderbilt people
Mr.. Gould has further irritated VIM.
K. Vanderbilt by planning an extension
OF the Wheeling road to the vicinity OF
Cleveland When the new link of the
Wabash in Northern Indiana and Ohio
is built the Gould system will have
direct line from Cleveland to Chicago
parallelling the Lake Shore all the
way"