The daily morning Alaskan., 1901-04-25
THE RUMOR IS DOUBTED
Morgan, Vanderbilt, Hill, Gould,
Hartman, Rockefeller. SchiR and
Stillman Said To BE Backing the
Most Stupendous Enterprise

New York, April 5.-Reports that
huge railway combinations are in pro-
cess of formation were widely circn-
lated here today Detailed statements
concerning the plan already published
looking to combination of all the
great railway systems of the United
States, under the control OF one com
pany were given, but as general thing
the prominent railway officials and
bankers declined to discuss the matter.
According to all accounts the en-
terprise involves the greatest combin-
alton of capital ever known in the his
| tory of finance. 1t was said the COM
pany would be formed under the laws
of New Jersey for the purpose of con-
] Quoting general freight and trans
portaton business, throughout the
| United States; that the company would
hold a controlling interest in all of the
great railway systems and that the
management of the road would be
vested in the controlling company. Ac-
cording to the proposition each road
would preserve its identity and cor
porate existence, but the new com
| pany would control the affairs of ALL
| By this policy, it was asserted, large
sums of money could be saved as re-
suit OF economics in management and
the stoppage of rate cutting.
] The names like J. Pierpont NJ organ,
William K. Vanderbilt, Jlmes ]. Hill,
Edward H. Hartman, George ].
Gould John D. Rockefeller, lac h H.
Schiff and James Stillman were freely
/ nrt tata hot he Htct
step in the proposed plan would be the
securing of control of stocks If the
Chicago, Burlington and Quincy, the
Erie, the Great Northern and Northern
Pacific, and that provision would be
made for the acquisition of other pr op-
critics in the near future.
Discussing the reported amalgara
ton of the railway interests of the
country, the New York Press will say
tomorrow:
"All that is aimed at according to the
best authority obtainable, is a com,
munity of interests. The close ANAL
gamation of community of interests
was first brought about through the
efforts of ]. Pierpont Morgan. As a
result of this close union of roads RI
| d
Not so many high priced officials are
needed as before, and one can buy a
ticket on any trunk line in almost any
one of the large Offices in the city
However, that a single company will
be formed under the laws of New Ter
sey to take over all the railways of the
country is not considered seriously bv
we'll informed railway men,"
| Dispatches received in this city to-
night from Cincinnati stated fot
| gigantic amalgamation of four rai' =
under the guiding hand of !. Pierp mt
Morgan had already taken place. The
roads mentioned were the Sort!;"r1
railway, the Cincinnati Hamilton and
Dayton, the Chicago. indianapolis and
Louis vile and Cincinnati South
ern.
Relative to this particular rep ,rt.
Samuel Thomas, president of the Chi
cago Indianapolis railway, tonight
said:
"At the present time there is little to
say about the deal. believe the re-
port that comes from Cincinnati, how
ever, is little bit premature do not
believe the amalgamation has been CT
fected yet.
1T is true that steps are under con-
sideration looking toward a cambir1-
alton of the roads mentioned. I think
it will be effected for all of the inter
ests are favorable to it. 1t can scarce
ly be called an amalgamation of the
roads under consideration. 1t is mere
ly Capitalization of power looking to.
ward the best interests of the various
| roads"