The age-herald., 1901-02-02

governed directly by this policy. MT Har- riman is president of the Chicago and AL ton road. He is also a director in the Union Pacific, in the Illinois Central, in the Ore gon Railway and Navigation Company, and in the Oregon Short Line Railroad Com pany. In the Alton syndicate, by which MT. Hartman obtained control of that road, the Vanderbilts were generally credited with participating to the extent of s, 100000, and the Gould and Rockefeller interests each to the same amount It is believed that George Gould will be invited into the pres- ent syndicate, if he has not already joined. The Union Pacific already has an outlet to the Pacific coast through it's stock con- trol of the Oregon Short Line and the Ore gon Railway and Navigation Company. But these lines reach the extreme northwest in Washington and Oregon. The Central Pa cifc branch of the Southern Pacific, how ever, will give the Union Pacific direct ruote-almost an air line route-from Og- den it's present westernmost terminal, to San Francisco. The Union Pacific will now have a direct route eastward from San Francisco to Omaha and Kansas City.
 Other Negotiations PendinsL
 Reports have recently been current that negotiations are pending for the control of the Chicago, Burlington and Quincy, which would meet the Union Pacific at both Omaha and Kansas City and afford direct route to Chicago, where traffic could be divided among the trunk lines which are already being operated under the ''com- munty of interest plan Such a plan, however, is not necessary for a direct trans-continental lne for the Chicago and Alton already connects with the Union Pa cific at Kansas City and proceeds to Chi cago and the Illinois Central connects at Omaha and also proceeds to Chicago.
 At Chicago the connection is made with the Baltimore and Ohio for the Atlantic seaboard, and thus is established a com plete Hartman" trans-continental route.
 It may perhaps be a coincidence, but~it certainly appears highly significant that the announcement of the purchase of the control of the Southern Pacific should fol- low so closely on the heels of the purchase by Hartman of the Chicago Terminal Transfer Line and its connecting lines. A week ago MT. Hartman bought the Deut- scher Bank of this company through Messrs Kuhn. Loeb & Co.,, who were in- terested with him in the deal, and who are likewise interested with him in the present deal Extensive terminals in and about Chicago are owned by the terminal com pany. They comprise 760 acres with total of 25O miles of track. The company also owns the Grand Central Passenger Station and 3500 feet of docks on the Chicago rlver.
 The Price Paid.
 The concensus of opinion of mer interest ed in railroads and stock markets Is that the price paid for the Huntington snares was aDOuI SDV per SldIt iic oPcSS h"'N ings are known to have aggregated apout s55O 900, if not $600,0O0, so that with the Huntington block the new interests Will have about one million shares, or half or the capital stock. Rumor has 1t that the Speyers got $4S share for their block. It is stated by authority, however, that the Speyers have not sold their Southern Pa cific bonds
 Chairman Tweed was requested to make some statement dealing with the reported change of control, but he twice declined to say anything. With Acting Vice Presioeht Gates of the Southern Pacific, MT. Tweed is an executor of the late c. P. Hunting ton will. The banking house of Speyer ana Company was for some years prior to MT. Huntington's death the financial agents Of the Huntington properties The Speyers are known to have held large amounts or Southern Pacific stock and bonds Tor thelr European clients.
 According to current reports they were anxious to acquire possession of the Hunt ington shares It is said they made an or fer for the entire block, but the price of- fered was unsatisfactory. It was then, ac- cording to Wall street, that the Hartman syndicate stepped in, obtained an option on the Huntington shares and named to the Speyers the price they were Willing to pay all around.
 The Southern Pacific is said to be the largest system of American railroads, lts stock being capitalized at S2O0,0o0Oo. me properties concerned in the deal, directly and indirectly represent, it is said, an in vestment of $500 100000. The Hartman sym dicate is supposed to be divided into DOT ttone of one-eghth E. H. Hartman holoing two of these and the rest being distributed as follows: J. P. Morgan and w. K. van | derblt. one-fourth; Rockefeller interests. | one-eighth; George Gould, one-eghth, and | Kuhn, Loeb & Co.,, one-fourth.