The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1901-03-02
A NEW NAPOLEON.
Something About the Coming Can
adian Financial Monarch.

From the Pittsburg Dispatch.
The success of Mr.. l.. II. Clerguc's
plans for the acquisition of important
dockage and elevator facilities in
Montreal will give the so-called
Transportation Trust" control of tn,
last great ocean outlet for American
products. The Transportation Trust"
rs popularity designated, might be de-
fined IA the non-incorporated associa-
tion of railway aud allied water in.
forests at present held together and
operated In concert on the community
ownership principle. 1t embraces
about two-t thirds of the railroad mile
age in the United States and - per
cent. OF the live capitalization. The
Transportation Trust" has a oontrol-
ling grip on tho incoming and out
going traffic of Seattle. Tacoma, Port
land and san Francisco on the Pacific:
Galveston, New orleans and Mobile
on the Gulf. and all tho south Atlantic
ports. Newport News. Boston and
Portland. Montreal was The only-but-
let of consequence uncorralled.
Mr. clergue is new man ON the
stage of large affairs yet IN the
short ,me ne has been in sigh, he
seems to have created something of 4
stir he is very live quantity. Rep
roscnting powerful tittsburE. Pri'a.
delphia and New York capitalists. who
are heavy Stockholders in the Penn
sylvania railroad securities. his iiist
move was to secure control Of The
Sauit Ste Marie water power. at tn"
foot of Lake superior. tie is now
playing giant hand for monopoly
of 'hc industrial situation of the vast
area lying north. northwest ana north
east of Lake superior anG the h"l1
closer at hand on tto American side.
Flcrytlirc cuutributary 20 or I'm any
way dependent upon the 500 water
power comes within his sphere of in
rNercc and is grabbed for. The
scop" nr his activities iicludcs the
erection and operation ni pulp mills,
coda ash works, blast furnaces, the
oICning ot iron ninaS, occupation and
cutting Of vast virgin forests nt pine,
the transportation of th" lumber to
market ard the construction of a rail-
road from Lake Superior tp HUDSON
Bay Ga project commenced but not
yot nniShad). In connection with his
Other enterprises he * rrOp"sing to
omen new fisheries ir tn" far North
ard supply the entire Mississippi val
ley with fish
lie Is not only promising to de- these
things but he is actually doing them
and putting tremendous energy into
every enterprise organized He is de
| scrihed as Il marvel @. administrative
anI executive ability-Unc oi those
rare characters who can keep a who'll"
mighty amy moving with the even
| ness ard regularity of ,iockwork ana
| sin appear To have plenty of time ON
! HIS haudS--a human Corliss engine
| supplying 10000 morse power. yet max
! ing 10 more noise thau Il sewing MA
| chine.
The Philadelphia Gr!sc,lnS claim T."
| have discovered this marvel and their
/ millions. along with Other allied mil
J, lions. aIc backing him. This is the
! wonderful personality who has ap-
/ pnar.d un the Montreal Stage en-
roWcic cd 10 gain posesssi"n Of What
ever facilities there may be lying
Ground loose for the handling "a!
fr@ieht. He is suppos"d tN De doing
This us It sort of divcrtisrment-
! ,rmcthinG to Keep his min" from get
ing rusty from shc"r iGlencss.