The Savannah morning news., 1901-05-03
THE GIANTS AT WAR
VANDERBILT AT OUTS WITH GOULD
AND HARTMAN.
UNION PACIFIC THE QUARRY.
PENNSYLVANIA RAILROAD AN IN
TERESTED PARTY.

Vanderbilt and the Pennsylvania
Trying to Frustrate Gould and
observation-disclosures Backs the For
mer Crowd and Kuhn, Loeb a Co.
the Second CombinatiOn-Nray
Mean Big Change In western
Railroad Mnps-Pennsyivnnia nnd
New York Central Need Union Pa
ciHc and AtchisOn.
New York, May 2.-Discussing the Union
Pacific situation, the Mail and Express
has the following:
From the current tremendous market
movements in Union Pacific and Atchison
stocks, big advances occurring in each to-
day, it became clear that fight is going
on between great money interests over
the establishment of trans-contlnental
systems.
1T now appears that this fight centers
around the plans of George Gould and f..
II. Hartman to establish vast network
of roads from the Atlantic to the Pa
cifc ocean, and William X. Vanderbilt and
the Pennsylvania Railroad people, seeing
what was up. have made up their minds
to Illustrate them.
on the one hand are said to be Kuhn.
Loeb g. Co., who are identified with the
Union Pacific management, while Mr.
Morgan is believed to have lent his inftu-
ence to the Vanderbilt and Pennsylvania
forces.
THE Rockefellers, who are identified
with Mr.. Gould in the Southwestern deal,
are said to have stood aloof from the
Union Pacific incident and TO have done
tl.g. -. 1,fff fpfE h
Morgan, with whom they are associated
in many affairs"
Continuing the Mail and Express says;
"Following the discovery that Messrs.
Gould and Hartman wanted to control
the Union Pacific, carrying with 1t the
Southern Pacific, 1T became plain that the
Missouri Pacific and Illinois Central might
be substituted for the Chicago and North
western as the Eastern connection of the
Union Pacific, thereby greatly injuring
the Vanderbilt position in the West.
''In order TO protect the Northwestern
and New York Central, William X. Van
derbilt started to accumulate large
amount of Union Pacific and Messrs.
Gould and Hartman learning this, also
bought enormous quantities of this stock.
The PennsyIvanin's Needs.
Meanwhile, the Pennsylvania, having
post the Burlington to the Northern Pa
ciic and Great Northern. also had to fix
up its Western fences. It bought large
quantities of Atchison. This road gives
through line to San Francisco out OF
Chicago. Good authorities assert that the
Pennsylvania began buying Atchison
stock many months ago but did not think
1t was necessary to get enough stock to
exercise control, If need be, until the
Gould and Burlington deals developed.
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 shoul-
der 10 shoulder as they have to-day. 1t
is believed they are acting in close har-
mony in the matter of the control of the
Union Pacific and Atchison.
''If the enormous buying Of Union Pa
cifc has secured control of that property
i'm the interest of the Northwestern, New
York Central and perhaps St. Paul, there
is no necessity for controlling the Atchi-
son; but If the Union Pacific has been
lost to Gould and Hartman, the heavy
accumulation of Atchison to-day would
indicate that that company is needed as
an outlet to the Pacific coast for both
the Pennsylvania and Vanderbilt lines"