The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1901-02-14
THE IOWA CENTRAL.
To Be Part of a Big Railway
Trunk Line.

That negotiations have lbeen re-
sumed for the consolidation of the
Iowa Central and the Minneapolis &
st. Louis railway, seems to be pre-
dominant feature in the railway cir
cles In New York, and is the subject
of an article that is given prominent
space in the New York Commercial,
the leading tradeGournal of the coun-
try, of Wednesday.
Under the caption of another Big
Railroad Deal Being Planned" the
Commercial says:
ut was learned yesterday on the
best of authority that negotiations
directed toward the consolidation of
the Iowa Central Railway 90. and
the Minneapolis & st. Louis Railroad
Co. have bean resumed, and that ev-
erything points to a successful ter
mination OF the DEAL Hill, Morgan
and Vanderbilt interests, it is claim.
ed, are anxious to bring about an
| amalgamation of the two roads and
have accumulated large amount of
the shares of both companies.
The consolidation of these two
roads means all the advantages that
would accrue through amalgamation
as well as the benefits derived from
the form alton of a connecting link
between northwestern roads and the
eastern roads.
In other words, the consolidation
| of the Minneapolis & st. Louis and
Iowa Central, under the control of
| Morgan and Hill interests, would
| solve the problem of a direct line
from ocean to ocean. 1t is now gen.
| orally understood that the st. Paul
deal has been abandoned and that
| Morgan and Hill interests are now
directing all their attention to the
Iowa Central and Minneapolis & st.
Louis.
The eastern terminal of the North
ern Pacific is at st. Paul, and the
terminal of the Minneapolis & st.
Louis is at the same place. The last
named road connects with the Iowa
Central, which joins the Lake Erie &
Western, Big Four and several other
eastern roads at Peoria.
Russell Sage is the largest individ-
ual stakeholder of the Iowa Central.
He was president of the road for a
number of years. 1t Is said that he
has been in communication with the
! directors of the two roads with the
object in view of bringing the lines
| together. He has received several
offers for his stock but has declined
them. When the reported deal was
called to his attention yesterday, he
said:
An alliance of the Iowa Central
and Minneapolis & st. Louis has been
talked of for some time. A consoli.
dation of the two lines would not be
opposed. 1t would be to the inter.
ests of both companies to consoli,
date.
There have been no developments
of definite character as yet. Ne
gotiations may be accelerated by the
recent deals involving other western
roads.
/ have been quoted as saying that
am opposed to the amalgamation o.
railroad interests, but this is untrue
l believe that the community of ow
nership' policy is good one if con
Quoted properly. But the director.
of railroad corporations should make
haste slowly or the movement will bt
checked by adverse legislation. The
damage lies in the movement beine
overdone. There are many people
opposed to the concentration of cor
porate interests, and a wholesale
combination of railroads may result
in the creation of all kinds of injur,
ious legislation. >"