The sun., 1901-08-11


The deal by which the Northern Pacific
and the Great Northern Railroad companies
take over the Chicago, Burlington and
Quincy has been 30 adjusted as to give
satisfactory assurance 10 all OF the other
Northwestern railroads that the individual
tected The Northern Pacific and the
Great Northern will jointly issue S220. .0o0. 900
Of bonds to pay for the SilO. GOV, 900 Of Chi.
oago, Burlington and Quincy stock, and
the Northern Pacific. which Is to have the
direct control Of tho Chicago, Burlington
and Quincy. win be managed on the broad
eat kind OF community Of interest prin-
Vanderbilt interest, the Hartman In
terest, the Pennsylvania interest, the Chi
cago, Milwaukee and st. Paul interest
and tho j. p. Morgan and j. j Hill interest
will sit In the Northern Pacific directorate
and decide upon matters OF policy Each
affected by the coalition Of two great sys-
TENS like the Northern Pacific and the
Burlington Is to be treated with as much
consideration as is extended TO either OF
the consolidated lines. At least such is
the present understanding between all the
parties In interest.
There are indications that the methods
which James J. Hill found effective In
building up the Great Northern Railroad
system will be applied to the Erie Railroad.
Important changes In the Erie's manage
ment have already been made on lines
suggested by Mr.. Hill. and If no obstacle
is interposed by Mr.. Morgan. Mr. Hill VIII
management of a direct railroad route
from New York TO Seattle and Spokane.
The recent election OF Chairman Thomas
OF the Erie directorate IA chairman OF the
Iehigh Valley board h an intimation that
those two roads are to be operated in sym
L.. .sl, 9TH loot itNta
HARTMAN GROUP.
The influence of the Hartman syndicate
in railroad matters il felt far and beyond
the railroads directly controlled. +. H.
Hartman. the head Of this syndicate, has
been from the first a strong advocate OF
the community of interest" idea. and his
efforts have been avowedly directed toward
concentration in railroad management
In order to conserve the best interests Of
the properties and secure stability In trafhc
rates. The following roads constitute what
is known as the Hartman group
aca Ssss Sasa. ,,s. sppa sTss. s ssss
SSisssu SSSsasIn psos Sson .ooocSSo s,SooSoS sS
Illinois Central. 100000 lS0.0o0.ooo s.ss7
Total ... ss4Isss.7 700 sso,. 100000 .os,i
The banking house Of Kuhn, Loeb 4 Co..
james Stillman and George j. Gould are
associated with Mr.. Hartman in the control
Of the Union Pacific and the Southern
Pacific systems Changes and improve
ments Of an extraordinary character are
being made along the line OF the Union
Pacific in Utah. Several millions OF dollars
are being expended In reducing mountain
grades and eliminating curves. Retween
| Cheyenne and Ogden the grade has been
| reduced from an average OF SO feet to the
| mile TO an average of 4s feet. The old
wooden trestles, which spanned some of the
mountain gorges have been taken away
and trains now pass on solid ground.
Union Pacific officials say that when
| the mountain pass improvements. now
| underwa" are completed, the running train
| time between Chicago and the Pacific Coast
can be cut down half day. One locomo-
| tive can take heavy train over the noun
| fains now where II took two and three
locomotives formerly.
The Union Pacific management, II Is
asser,ed, will pursue a liberal policy In
| its traffic relations with all connecting
lines. II Ia expected to be run on the same
| concilatory lines As are marked out foI
the Northern Pacific. There is a genera
belief that the Chicago, Milwaukee and
| ST. Paul will again have representative
| In the Union Pacific board.
| RECAPITULATION.
Following IL summary Of the captaliza'
ton, bonded indebtedness and mileage
of the Ave railroad groups dealt with in
| this sketch: