The St. Louis Republic., 1901-03-30
Purchase Plan of Burlington May
Be Submitted to the Stock
holders.
AN OUTLINE OF THE SCHEME.
Secret Conference Held in New
York-New Director for South
ern Pacitic-New Ser
yice-NOtes.

| BosWh. Mass. March 2s-The Post to-
day says: The proposed consolidation OF
the Chicago. Burlington and Quincy Rail
| road Company with the Great Northern and
! Northern Pacific railroads. has reached Il
final stage. The long delayed plan. 1t Is
said. is ready for submission to the Chi
cago, burlington and Quincy stockholders
| The secret conference of President James
| ]. Hill Of the Great Northern. Charles T.
! Perkins, chairman of the burlington Board
! of Directors. and ex-senator Wolcott OF
| Colorado at the Victoria Hotel in this city
| on Wednesday. is believed to have settled
! the caestion.
The plan provides. it is said. for the pur-
/ chase of Chicago, Burlington and Quincy
bonds at ISL in 3is per cent guar;anteea
! whether the proposition contained a guar,
! antce to the stockholders of the proposed
| ger cent.
The large Chicago. Burlington and Quincy
| stockholders do not manifest pleasure over
the rlmors of a deal.
The plans We're laid some time ago;
| Wednesdays conference prolonged, and
! at its close President Hill and Senator VOL
| colt hurrie,lly departed for the West. Mr..
| Wolcott had been in Boston since March
| II talking over matters pertaining to the
| consolda ton.
The officials of the Chicago. Burlington
and Quincy Railroad here stated that they
| could give no new light on the report that
| the Northern Pacific and Great Northern
| interests had gained control of the road.
| Stockholders here were also In the dark IS
TO the facts. In financial circles 1t is be-
! lieved that President Hill of the Great
| Northern is in such position with MS
large holdings of Burlington and strong
| backing in his purpose TO lease Burlington
| that the Chicago. Burlington and quincy
directors will be forced to give more seri-
Gus consideration to the offer of a guaran-
! tee on the stock than they have heretofore
| been disposed to give 1t. ,
| One of the largest stockholders of the
| Burlington says: From my investigation
t,p ttr -.Ny.ts IN rNrn BOT "a
| in the control of the Burlington feel con-
tident that the Northern Pacific q eat
| Northern people are after the property. and
| ! do not believe that they would attempt TO
secure control unless there were good pros
| poets of success"
NOT RELIEVED AT BURLINGTON.
REPUBLIC SPECIAL
| burlington, Ia, March 29-General Solic
itor ]. w. Blythe of the Burlington says
nothing Is known here concerning the re-
ported combination between the Burliiig-
| He does not believe the Boston Posts story
| is true. He says he docs not believe a
! deal could be made ut the prices quoted.
| that not less than 200 cash for Burlington
! ator Wolcott in connection with the ieal
| rather discredits the accuracy CT the story.
| as he cannot possibly nave anything to do
with it,
MIR. HILL WON'T TALK.
| New York March 29.-James j. Hill and
| his son, James n. Hill, were at the office
of the Great Northern Friday. but they re-
fused to give any information regarding the
! reported purchase of the Burlington. AT the
Office of j. Pierpont Morgan no information
was obtainable. President Mellen of the
Northern Pacific said he knew nothing
about proposed consolidation involving
| his line. He said 1t might be put through
| by the largest holders OF Northern Pacific
stock and the stock from the other roads
without his knowledge.
According to the Mail and Express. bank
ers in this city are inclined to believe that
the transaction is to be consummated at
1s0 in cash, or more in bonds. for the Bur-
linpton stock