Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1901-03-26
THE GOULD ROADS
GREATEST OF ALL THE GREAT
RAILROAD COMBINES.
COVER ALL THE SOUTHWEST
George Gould Heading the New Plan
Of Consolldation-Death to All
Competition. s

New York. March 26.-George Gould'S
plan to become She head of a combinaI
ton of railroads capitalized at $500, 600 900
il progressing favorably, says the Worth.
His plan, the World adds, meets with
the approval and has the cooperation,
of J. Pierpont Morgan. the Rockefellers
and the Hartman syndicate.
Continuing, the World says:
THE unitication of the Gould system
of railways under the control of the
Missouri Pacific will include the Missouri
Pacific. St. Louis and Iron Mountain. ST,
Louis Southwestern, Texas and Pacific,
International and Great Northern,
Wabash. Missouri. Texas and Pacific ana
the Denver and Rio Grande. George
Gould has just bought a controlling in
terest in this latter railway and it is
intimated that he purposes to utilize it
as an important factor in the consolida-
ton of the greater Missouri Pacific sys-
tenn, of which he will be the head.
1T is known definitely that the roads
named will be included in the scheme of
consolidation. but it is probable that
when the negotiations now pending are
completed. it will be found that the list
will include the Illinois Central. Alton.
Chicago and Eastern Illinois. ST. Louis
and San Francisco and the Kansas City
Southern.
THE railroad securities company,
which was organized several weeks ago
by Kuhn. Loeb & Co.. E. H. Hartman
and George Gould. will acquire con-
trolling interest in all Of the companies
and will operate them as one combina-
ton. though their corporate integrity
will be maintained. The Rockefeliers and
George Gould have reached an agrees
inent whereby they will Immediately set
about the construction of railway from
Ell Paso. Texas. to Santa Rita. N. NJ,
and thence to Santa Fe. The Importance
of this new line in pan for extending
the power and scope of the Missouri Pa
cific can be readily understood whensthe
fact is taken into consideration that El
Paso is the western terminus of the Mis-
souri, Pacific. and the Santa Fe is reached
by the southernmost branches of the
Denver and Rio Grande. so that such an
extension would connect the Texas and
Pacific with the Denver and Rio GranGe.
very important link in Gould's chain
of southwestern roads.
This explains George Gould's recent
extensive purchase of stock in the Dem
yer and Rio Grande and also it's remark
a BILE strength of late in the stock mar
ket.
1T is generally believed that the pro-
ject to build from FL Paso to Santa Fe
is part of we'll defined plan on the part
of George Gould to extend the Missouri
Pacific system all through Colorado. Utah
and New Mexico. The Missouri Pacific
with the Denver and Rio
Grande and the directors of the latter
road having a traffic arrangement with
the Rio Grande Western, even if they
have not already undertaken to purchase
it, an outlet to the Pacific coast is as
sured to the Missouri Pacific via Ogden,
which is reached by the Rio Grande
Western.
THE arrival in New York from Lon
don yesterday of Ansel Oppenheim, the
first vice president and practical man.
ager of the Chicago, Great Western rail-
way, led to rumOrs that George Gould
contemplated purchasing the road and
adding it to the lines he proposed utiliz-
ing in his projected combination. Some
strength was lent to this proposition by
the fact that before Mr.. Oppenheim 50
hurriedly left London for New York, he
gave an interview on the railway situa-
ton in which he said: Coz
consolidation is becoming the order
of the day in the United States Com
petition has been so great there that
large financial interests have become
satisfied that the only way to maintain
a fair rate of dividends for owners of
American securities lies in the consoIida-
ton. So far as our line is concerned,
there are negotiations now pending
which may result in the road being alb
sorbed. But all can say at the moment
is that every shareholder will be pro-
tected.'
George Gould. when asked If he con-
templated purchasing the road, an
swered:
Most assuredly not and conveyed
the impression that he did not consider
the acquisition of the road material to
his scheme of railroad consolidation and
| extension"