The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-12-09

half ownership of the Midland. 1t was
then that it became definitely known
for the first time that it was not the
Rio Grande Western, but interests con-
nected with the road that had united
with the Colorado & Southern in buy
ing up the Midland. Their object was
TO prevent the Denver & Rio Grande
people getting possession of the prop
erty in order 70 be in a position to die
tate terms to the Rio Grande Western
anE the Colorado & Southern
1t has since been said that the men
who engineered the deal are the prin-
cipals in what is known as the Rio
Grande Western Construction company
which has still a few axes to grind
and schemes TO carry through that lat
er developments are likely to disclose.
This list is understood to include Col
one d G. and GrenVille NJ. Dodge and
w J. Palmer, former president of the
Rio Grande Western.
Having gained control of the Rio
Grande Western. after getting the
Denver & Rio Grande in his hands,
and which was a logical and expected
sequence of the latter transaction,
nothing would be more natural than
for Mr.. Gould to turn his attention to
the Colorado Midland. While he has
dipped in there, nothing so far de-
Yeloped discl0ses that he has gained
any greater footing than enough to en-
title him to the representation in the
board which he now has.
1T cannot be learned what his hold
ings amount TO- but it appears to be
clear that he has not been able TO in
dUce the Rio Grande Western men to
part with what they have. The Colo
radO & Southern people insist that they
still have their shares. Should Mt
Could set into the latter road far
enough to gain ownership or control,
I ne could probably so manipulate mat
/ tiers as 80 get his grip on the Midland
stock and then find way to squeeze
the other end that it would be no OBJ
ject for them to undertake to longer
hold onto their half of the Midland
shares. 1t is quite significant. Of course,
that Colonel D. c. Dodge and George
+ Foster Peabody are entirely out of
/ Colorado Midland as well as the Colo
RADIO & southern. Their retirement
carries with it evidence of Ma. Gould
/ being so firmly entrenched in Colorado
/ Midland that that road cannot be used
/ to fight the Denver < Rio Grande. 1t
/ emphasizes the belief long since enter
tanned that he has gone into the Mid
: land with a view to gaining control
/ AS near as can be figured out ne has
/ it only TO the extent Of an alliance
with the Hartman interest in the
/ c-operty.
! 1T was thought ar one time that
/ Colonel Dodge had plans in view
through the Rio Grande Western Con-
structiOn company to. work out an ar
rangement that would take the Mid
j
ment at the recent election effectuauy
/ disposes of that idea. Unquestionably
I he still has something up his sleeve
that viii prove interesting. When he
went to Europe after the sale Of the
/ Rio Grande Western he said his stay
would be protracted. He returned
within a comparatively short time and
/ those nearest to him 3re sure he did
/ something abroad which shortened his
/ visit and bears an intimate relation
/ to Whatever project ne has in view
Colonel Dodge has himself said
/ within a few days that he expects TO
/ engage in the railroad business, but he
would say nothing more than this. The
/ Santa Fe and the Rock Island would
! like a connection between Denver &
salt Lake, as this. together with the
San Pedro projected by Senator Clark
+ and his friends, would give them an
duties through the Rio Grande now
in the hands Of their rivals.
+. Gould and Hartman undoubtedly
+ have formulated plans for a consolida-
tiCn of Colorado lines. They are not
1 yet ready to show their hands and are
not likely TO be until it is definitely
/ known what the fate Of the Northern
/ Securities company is to be. The Mid
land and Colorado & Southern directors