Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1901-05-09
GIANTS All WAR.
Leading Railway Magnates En-
gage in Struggle.
Vanderbilt nnd the PennsyIvania
Railroads Owners ID is Said VIII
Fight Gould and Hartman
fOrCOntrol of the AtchIsOn,
Topeka & Santa Fe.

New York, May 3.-Discussing the
Union Pacific situation the Mail and
Express has the following: From
the tremendous market movements
in Union Pacific and Atchison stocks,
big advances occurring in each yes
terday, it becomes clear that Il fight
Is going on between great money in
terestS over the establishment of
trans-continental systems. 1t now
appears that this fight centers
around the plans of George j. Gould
and L. II. Hartman to establish a
vast network of roads from the At
!antic to the Pacific ocean, and w. X.
Vanderbilt and the Pennsylvania rail-
road people have made up their
minds to Illustrate them. With the
Gould and Hartman people on one
hand are said to be Kuhn. Loeb q Co.,
who are identified with the Union Pa
citic management, while Mr.. Morgan
is believed to have lent his influence
to the Vanderbilt and Pennsylvania
forces. The Rockefellers, who are
identified with Gould in the south
western deal, are said to have stood
aloof from Union Pacific incident.
Following the discovery that
Messrs. Gould and Hartman wanted
to control the Union Pacific. carrying
with it the Southern Pacific, it be-
came plain that the Missouri Pacific
and Illinois Central might be substi-
tuted for the Chicago & Northwest
e-n as the eastern connection of the
Union Pacific, thereby greatly in
juring the Vanderbilt position in the
west.
"1n order to protect the Northwest
ern and New York Central William X
Vanderbilt started to accumulate
large amount of Union Pacific, and
Gould and Hartman, learning this,
also bought enormous quantities of
this stock.
meanwhile the Pennsylvania. hav-
ing lost the Burlington to the North
ern Pacific and Great Northern, also
had to fix up it's western fences. 1t
bought large quantities of Atchison.
This road gives through line to San
Francisco out of Chicago. Good au-
thorities assert that the Pennsylvania
began buying Atchison stock many
months ago, but did not think it was
necessary to get enough stock to ex-
ercise control, if need be, until the
Gould and Burlington deals devel-
oped.
''Now, it is asserted, both the New
York Central and Pennsylvania.
which entered into a 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 mat
ter of the control of Union Pacific
and Atchison.
IF the enormous buying of Union
Pacific has secured control of that
property in the interest of the North
western and perhaps St. Paul, there
is no necessity for controlling the
Atchison; but if the Union Pacific has
been lost to Gould and Hartman, the
heavy accumulation of Atchison yes
terday would indicate that that com
pany is needed as an outlet to the Pa
cific for both the Pennsylvania and
Vanderbilt lines.
There is another serious side to
the fight. The Pennsylvania has
been trying to prevent the entrance
of the Gould lines into Pittsburg. A
recent dispatch from that city stated
that the Wheeling q, Lake Erie would
not be so extended, but that the
Pennsylvania would allow Mr.. Gould
favorable trackage rights over the
Baltimore & Ohio.
1T is officially stated to-day that
this offer will not be accepted, but the
Wheeling road will be extended into
Pittsburg as rapidly as possible. This
will directly benefit both the Wabash
and the Missouri Pacific, giving them
a large steel and iron tonnage. Mr..
Carnegie, before selling out to the
steel trust, made a contract to de-
liver a vast amount of his tonnage,
aggregating more than 100000 tons
year, to the Wheeling road. Mr..
Carnegie was himself to build an in
dependent line to tidewater, pre-
sumably at Baltimore.
He is understood to have made an
offer for the Western Maryland rail-
road Now, it is asserted, 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 irritatcd
William X. 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, paral!eling the
Lake Shore all the way.
'Mr. Gould's plans are furthered
by the backing of Mr.. Hartman and
Stuyvesant Fish, who are the leading
factors in the Illinois Central. The
Illinois Central has a direct line from
Chicago to Sioux City and Omaha,
furnishing connection with the
Union Pacific at the latter point"