Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-06-17
MERGE WESTERN lines
Hartman Syndicate Said to Have
Gained Control OF the
st. Paul.
The New Deal Includes an
Agreement With All
Western Lines.
Ii Carried Then II Will Harmon
ize All the Western
interests.


solving the future control of the Chi
eago, Milwaukee & ST. Paul road is
pending was definitely learned yester-
Gay from barker in a position TO.
know. Its Completion, he stated. will
mean the establishing of an absolute
harmony of interest IN the northwestern
railroad situation. There will be two
great groups ii roads which have JOINT
friendly relations under the harmony
Of interest plan one VIII be the North
ern Pacfic-lsreat Northern Chicago,
Burlington & Quincv group, dominated
by Morgan Hiil Interests. and the other
will be made by the Chicago. Milwaukee
u 81. Paul and TIE unon Pacific and its
s.filiated lines, in which group Harri-
man Roekefellrr interests wiildomnate.
sownership OF which the Nanderbiits are
OF interest scheme.
The same banker said that the st.
Paul deal might be closed az any time,
aud that public announcement might
i,e expected this week.
People III Wa, street best able TO.
Judge how matters stand stated yester-
day that they Believed that the Union
Pacific company would make an offer
40 The common stockholders of the 81.
PAU company similar 10 the offer ac-
cepted by the Burlington stockholders
from the Northern Pacific and Great
Northern companies.
That is. they viii offer the holders OF
M
III, new Union Pacific 4 per cent bonds
for then stock. OH in other words, sloo
iar Waite Of stock can get in exchange
500 in bonds
Aecoiding 10 one Wall street report
saturday atathe annual meeting of The
sfoekheldars of the Union Pacific rail-
lend arrangements We're made TO pay
Tor s.5090.00o par value Of st. Paul
stock, 10 be supplied 10 the Hartman
SYNDICATE by James Henry smith Peter
Eeam and Marshall Field.
chicago. jun I'LL l.. II. Hartman
read Of the railroad syndicate which
wears his name vas the directing figure
load running west of chicago and St.
Paul.
\ What was held to be the first step
towrad a composite agreement between
| the great roads running west of these
icities was perfected at a conference
iSeli IN the offices Of the Chicago K Al
/ TON road in hicaeo between Mr. Harri-
man and officials Of the Companies COM
cttEed. BY It's terms an ironclad oper
! atins agreement, 10 end rate wars and
/ ether COMPLICATIONS. is expected 10
/ b spread eyer all the roads in the
1rortilern group, ineiuains the Northern
! Paciiie. ttle burlington, the Milwaukee, &
ST. Paul, the Union Pacific, the North
] westsrn ana ne Great Northern.
4 10 the southwest the Santa Fe will
operate nand hand with the Southern
4 Pacific. 1t viii be Il communicate
interests plan and provides that the
4 Pacific Mail and Occidental steamsnip
Il lines. seontclled by the Southern Paciiis
shall take c,ise Of the Santa FEES trans
Pacific business.
The other move on the railway check
i ethoara Greeted by Mr. Hartman was
fthe practical provision for the transfer
u the Chicago. Milwaukee q ST Paul tc
the Hartman syndicate and the turning
A of this line into a link of the Union Pa
tific system. This plan was arranged a,
n secre, conference held at the Audito-
rum Annex attended by many railway
r men and a number OF bankers. Including
s John j. Mi,ehell. oil the Illinois Trus,
i and savings Bank.
The PROPOSED combination agreement
az the western lines sec,n al most at,en.
.son When MIR. Hartman went 10 tn,
Atom Offices In the afternoon he met IN,
presidents and executive officials of tn,
so,,thern Pacific Union Pacific Chicap,
& Atton Great Northern and the chioa.
10 Terminal 1-ransfer railroads. Discus
gIon Of a strong traffic agreement. ii wa,
J. statss Was AT once entered into n VA,
manned That these roads should give IN,
= INITIATIVE 10, The moyemsn, and make ef
fo,ts ia ta,,es in other lines onaratinp /,
ms territory
vice presif,e,t Miller If tho Cree,
i Northern Was present and this was he'll
i n indieat.. II atsa transcnn,inental ira +
la conhin,,tj,,n Was undsr oons,f,.ra.
Nv ,ha ,,fans oonsjderefi All tho roads 4,
The Northern group viii operate In har
nony II Is held that ,hia combinatio,
). formed mar, az the agreement by whic1
!. the differences between the Hartman
! Kuhn-Loeb and Morgan Hill interest