Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1901-02-02
FROM HAMBURG
TO HONG KONG.
The Vanderbilts Control Steamship
And Railroad Lines Half Way
Around the Globe.
SOUTHERN PACIFIC DEAL.
Separate Managements of the Union Pacific
And the Southern Pacific Will Probably
be Maintained-The Deal Game as
Surprise.

San Francisco, Cal, February g.
President C. M. Hays, of the Southern
Pacific company, when asked if h,
, thought the sale Of the controlling in
terest of the company to the Hartman
, syndicate would lead to importan
changes in the management or policy
said: THE Southern Pacific, will 81
ahead very much as if no change haC
taken place. Its interests in traffic
sense are pretty we'll defined, and not
to be disturbed by any new or revolu-
tionary policy. I do not think the sale
means one set of officers for the Union
Pacific and the Southern Pacific The
two roads are big properties, and can
best be handled by separate sets of Off
GERS, as at present" Referring to his
own position, Hays said he had no rea-
son to suppose that it would be dis
turbed.
William H. Crocker said: "The VAN
derblt railroad and steamship inter-
ests will now have a direct line be-
tween Hamburg and Hong Kong across
the American continent. Whatever the
| Vanderbilts do they do we'll, and if it is
possible to improve the service of the
Southern Pacific roads the new con-
trollers will do it. With the increased
connections of the Southern Pacific,
San Francisco stands in a fair way to
rapidly improve in Importance as a
shipping point"
Third Vice President J. C. Stubbs of
the Southern Pacific, a warm" personal
friend of Hartman, says the change of
ownership was as big surprise to him
as to the other officials of the road.
1t is expected that H. E. Huntington
will retire as director and first vice
president of the company at the annual
meeting of the company in April next.
According to C. P. Huntington's will
his widow was left two-thirds of his
Southern Pacific stock, and his nephew,
H. z. Huntington, the remaining third.
In round numbers the late magnate had
900 of 100000 shares of Southern
Pacific stock. II. e. Huntingtons por-
ton was, therefore, 100000 shares On
supposed basis of $55 share, he gets
$11 200, 900. Mrs. C. p. Huntington, on
the same basis, realizes $22, OOOOO
A BIG RAILROAD COMBINATION.
New York, February 2.-The Even
ing Post says: 1t was announced on
high authority to-day that the Harri-
man syndicate not only acquired large
holdings of the Southern Pacific stock,
but is also obtaining control of the
Missouri, Kansas and Texas. Thus it is
shown that the motives which led the
Hartman syndicates to secure the
Speyer and Huntington holdings of the |
Southern Pacific railroad, and thus
dominating the interest of that proper
ty, involved a vaster scheme of rail-
road consolidation. The close identifca-
ton of the Gould interest with the |
members of the Hartman syndicate |
would facilitate new relations proposed |
for the Kansas and Texas property. |
The control of the Missouri Kansas |
and Texas, it was asserted to-day, has |
been practically already assured to the |
syndicate. The syndicates who control |
these properties have made it more |
feasible and desirable to control the |
Southern Pacific, because it was the
only remaining company west of the |
Mississippi whose lines were in inti-
mate relations with other properties
controlled by the syndicate. The South
ern Pacific connection to San Francisco |
is essential to the Union Pacific and |
Missouri Pacific's Denver line lying be-
tween that of the Union Pacific and /
Atchison, and reaching to the Missis-
sippi river at st. Louis, and gives an
outlet to the lower Mississippi river es-
sential to the broadest control of the
markets of the west. The Missouri Pa
cific and other Gould lines, particularly
the Texas and Pacific, are, on the other
hand, very closely interviewer with the
Texas lines of the Southern Pacific
Both companies not only have long
lines extending across Texas from Ell
Paso to the gulf of Mexico at Calves
ton, but in the eastern portion of the
state both the Missouri Pacific and
Southern Pacific lines have extensive
largely competitive, and reach
|
ing Fort Worth, Houston Austin, etc.
1t is clear, therefore, that the acquisi-
tion of the Southern Pacific may be ta-
ken as completing the syndicate's con-
troll of the transportation facilities of
the southwest, south of the Union Pa
,ific lines, rounding out system which
will include, besides the Union Pacific
and Central Pacific. the Missouri Pa
cific, the Kansas and Texas, and the
Kansas City Southern, all west of the
river.
RATE CUTTING TO BE STOPPED.
New York, February at may be
stated authoritatively that while the
Hartman interests secured control of
the Huntington and Speyer stock Of the
Southern Pacific railroad, it is not in
to consolidate the two
lines, but to see that they are worked
in harmony and stop rate cutting. No
change in the personnel of officers is ;n
1t was learned on the best authority
to-day that the amount of stock in
volved in the purchase of the Southern
Pacific constitutes two-fifths of the en-
tire outstanding share Of the capital Of
over $195, ,S32, 600. This is as near the alb
solute majority as could be secured,
and constitutes the entire holdings of
the Huntington estate and Of the syn
dicate formed by speyer & Co. last Y