New-York tribune., 1901-04-26
GOULD CHAIRMAN d. AND r. G..
MISSOURI PACIFIC TAKES LONG
STRIDE TOWARD A WEST
COAST OUTLET

The Tribune last Tuesday pointed out the fact
that the real significance of Missouri Pacific's
S3O,000,0O0 increase of capital stock lay in the
approaching consolidation of the Southwestern
group Of railroads under the leadership Of
George J. Gould. beginning with the Denver and
Rio Grande. This forecast was empha ticaly
borne out yesterday when the directors of the
Denver and Rio Grande Railroad Company elect
ed George ]. Gould chairman of their board
This post had been left vacant by the death of
George Coppel. f. H. Hartman and Winslow
s. Pierce were also elected directors in place of
George Coppell and William Mertens Mr.. Har-
rimans has been intimately connected
lately with a plan to acquire control OF the Mis-
souri,, Kansas and Texas.
Wall Street asking yesterday If Mr.. Har-
rman's entry into the Denver and Rio Grande
directorate meant that Missouri Kansas and
Texas would be acquired next by Missouri Pa
cific.
George p. Butler G. Co, of No. Is Broad-st..
who took a large part of the new Missouri Pa
ciic stock and first announced that the pro-
ceeds would be available for the purchase of
Denver and Rio Grande shares do not hesitate
to acknowledge that only part of the S30,Ooo,0O0
of stock intended to buy UP Denver
and Rio Grande stock. More than that they
will not say. Russell Sage. however. Is more
communicative on this subject. He declares that
the Rio Grande Western will soon follow Den
yer and Rio Grande into the Gould corral. The
Colorado Midland and the Colorado and South
crn will not be allowed To tarry long on the
outside, either. This will give Missouri Pacific
northerly outlet to the Pacific Coast the
Central Pacific and Union Pacific route from
Ogden The date for the completion of this plan
is not set much further ahead than year.
Mr.. Sage is moreover. the authority for say
ing that Mr.. Gould will not be content with one
outlet to the Pacific Coast for Missouri Pacific
He intends to have southerly outlet over the
Southern Pacific lines. To this end, Mr.. Sage
declares an entirely new line will be constructed
from Santa Fe, n. NJ, south to Ell Paso. Tex
Santa Fe is the present southern terminus of
the Denver and Rio Grande FL Paso is reached
by the Texas and Pacific and by the Mexican
Central. II is believed that Mr. Gould has
Gently secured control of the Mexican Central.
The control of the Texas and Pacific by Missouri
Pacific is well known. From Ell Paso the desired
outlet to the Pacific Coast lies over the Southern
Pacific route.
Incidentally, the construction of the line
from Santa Fe to connect with the Mexican
Central at FL Paso would afford handy route
for Mexican traffic over the Union Pacific route
and by way of the Oregon Short Line to Port
land. Ore. The completion of this plan is not
expected so soon as the one first described. Mr..
Sage is unable to say yet whether the new line
will be constructed by corporation formed
for the purpose not. The election yesterday
of Mr.. Gould chairman of the Denver and
Rio Grande board shows, however, that Mis-
souri, Pacific has captured to speak the
starting point of the projected line-Santa Fe.
A special meeting of the stockholders of the
Missouri Pacific will be held in st. Louis on
June 2G for the purpose of ratifying the increase
of the company's capital stock by $4,000 600,
will close for the meeting on May % and reopen
June 81.