The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1901-04-10
A Big Railroad Trust.
IN NEW YORK
OF A HUGE COMBINA-
gION.

New York, Apr,i 5-Repor's that
huge railroad ccm 5inat,ons are 10 pro
c<ss az fo,mas .. are widely circulated
fere ;cday. DsFa'ied st&1emeOts COZ
cernius tic piaa aiieadg paol:shed
!ookiog to tbc COO blDs,loa OF al thr
great railway sys.cos ot the Uaited
S;stcs nnder the coo:sol OF one eowpa
were g!vaD ou.. buT IS q general thing
prominent railroad (ffic:as aHd baokets
decline! 70 discuss the matter. Accord.
iug to ell account. the eotsrp,ite e
Involved the greatest eotn binatiou ever
known in the history of foaoce. l.
was eaid the company would be formed
uuder the laws Of New Jersey for the
purpose Of conducting general frel gbt
aod transportation business throughout
the United States, bat the company
would hold controlling interest 10 ali
OF tbe great railway system and that
the management, of the road would be
vested in the controlling company
According to the proposition each road
would preserve it's identity and corpor-
ate existence. bus the neu company
would cop;rol the affairs Of all By
this policy it was claiued large Sums of
uoDey could be saved as result Of
economy 10 management aud the
stoppaee of rate cutting The name
Of meD like j P Morgao. Wn K Van
derbi!s. James J Hill Eiward H Har-
rimao, George j Gould John D Rookie
felcr, Jacob Il SehiG aud Jas Stilinan
we're freely used Ooe repor, stated
that the first step in toe proposed plan
would De the securing of control of the
stocks Of 'he Chicago, Burlington auo
Quiocy, the Efie, The Great Nortbero
Pacific. aud that provisioo would be
uade for he acquisition of o.0er
properties 10 the i'm uGcdiate future
Discussing rbe amalgamsied road
system tbe New YORK Press tomorrow
will say 'All thas is almzc at, accord
log to tae oess au.hor,ty octalpsoie, is
community of !oseresr. The clcss
amalgam ator oo q ccmmuniiy otln'ere>t
basis vas FIRST brcughs about through
the efforts Of j P,erpcnt Morgan AS
a result OF this close ooioo Of iDter.s
ru:nous .ste vars are already at al
ere, 80, 50 maoy high priced offieiss
are needed as 5a:ore end ooe can buy
t.cke; on any iruuk lioe 10 aimosf asy
one OF the large ofioes ia the cities.
However. 'har q single company viii be
mea u'5er TIE New Jersey laws 10
t2ke ove. all The railroads OF tbe coun
= IS sor considered seriously by veil
irf rsued railway meu" :"
Dispatches received 10 Ibis CITY
saa,eh, from Ciocinna,i stated ;hat
g ga nc mslggra'ioo OF fcur railways
Under the guiding hard of J 2 Morgan
h.s &ready ,eken place 1he roads
e,ealioaed we're toe soutoern R .:iWsy
tie Cincnoatl. Hamilton and Dayton,
tie Chicago. Indianapolis apd l. us
vile and the Cioc,nuati Southern
Relative TO this particular report Geu
Samuel Tbenas. president of the Chs
cago, Iod,anapoils and Louisville Rail
rcad. tonighs said
"A: the present time there is little
to say about the deal believe toe
report tha, comes frcm CipcinDati, how
ever, is little biz premature. / dcn'
believe the amalgamatioo has been
effected IS yet.
ut is true that steps are uude: con-
sideratiou looking toward blnation
of the roads mentioned [ think it
will be efested, for ali the interests are
favorable TO it Il Gao scarcely be con
sidesed an auslgsmstloo of the roads
under the scheme in progress It is
merely oensralizasion of ooRer looking
towards the best interests of The various
roads "