The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1901-03-27
GOULD uNlFlCATIoN.
Plan Is to Form Great Railroad Com
bination Capitalized at $500, 900, 900,

Plan IL 10 Form Great Railroad Conn
bination Capitalized at $SOO,OOO, 900,
NEW YORK, March s6,-Mr, George
Goulds plan to become the head OF a
combination of railroads capitalized at
sSOO,OOOOOO is progressing tavorabiN
says the World,
His plan. the World adds, meets with
the approval and has the cooperation
ot ]. PierpOnt Morgan. the Rocketel-
lers aud the Hartman syndicate, Con-
timing. the World says:
The unihcaton-ot the Gould system
ot railroads under the control ot the
Missouri Pacific will include the Mis-
souri, Pacific, st, Louis \ Iron Noun
tain. ST Louis Southwestern, Texas y
Pacific, International 4 Great Northern,
Wabash, Missouri, Texas \ Pacific and
the Denver 4 Rio Grande. q sorge could
has Just bought controlling interest
In the latter road and 1t is intimated
that he purposes to utilize it as an m-
portant factor in rhe construction " tha
greater Missouri Pacific system. u
which he will be the head.
Il; is known definitely tha, .-.e roads
named will be included in the scheme
II consolidation. bW 1t is probable Tho.
when the negotiations now pending
| shall have been completed. It Will be
found that the lis, will have been aug
manted bv the addition OF the Illinois
| Central. Chicago K Alton. Chicago y
Eastern Illinois. the 81, Louis < san
Francisco and the Kansas city south.
ern.
The Railroad Securities Company,
which was organized several weeNS t"o
! by Kuhn, Loeb X Company. L. II. har-
rman and George Gould, will acquire
a controlling interest in all Of the COM
/ plnies and viii operate them as one
combination, though their corporate N
tegri,y will be maintained.
The Rockefeilers and George Gould
have reached an agreement whereby
they will Immediately set about tdc
construction of a railroad from El lSsu
Tex, tp santa Rita, y NJ. and thence
To Santa F. The importance Of this
new line In a plan Tor extending the
power and scope Of the Missouri Pa
clhe can he readily understood when
the fac, is taken into consideration that
! ~ PaSo Is the western terminus of the
! Texas < Pacific which is controlled by
the Missouri Pacific and Santa Fe and
( Is reached by the sou,heTnmost BRAN
chss II the Denver < Rio Graude, so that
such an extension would cornecr ,he
| Texas & Pacific with the DeLver X
| Rio Grlnde. a very important link in
Goulds chain Of southwestern railroads.
This explains George Goulds recent
extensive purchase Of stock in the Den
YER & Rio Grande and also its re-
markable strength Of late in the stock
market
1T IS generally believed that the pro-
| iect to build from FL Paso to Santa
| F. is part Of a well-deined plan on
the part Of George Could to extend the
Missouri Pacific system all through
Colorado. Utah and New Mexico. The
Missouri Pacific connects with the Den
| Yer & Rio Grandz at Pueblo and Den
YER Gould now being in control Of the
| Denver 6, Rio Gra nde and the directors
Of the latter road having a traffic ar
rangemznt with the Rio Grande West
ern. seyn if they have not already
undertaken to purchase it, an outlet t.
! ,hs Pacific coast is assured to the Mis-
sourl Pacific via ogden which is reach
ed by The Ri? Grande Western
"Th- .- arrival in New York from Lon
don yesterday Of Ansel Oppenheim, the
vica-president and practical manager OF
the Chicago & Great Western railroad
led to rumors hhat George Gould con
templated purchasing the road and add
ing It to the lines he proposed utiliz
ing in his projected combination. Some
strength was Int to this proposition By
the fact that before Mr.. Oppenheim s.
hurriedly left London for New York h
gave an interview on the railroad stu
alton in which he said
Consolidation is becoming the or
der Of the day in the United States
Competition has been so great ther
that large financial interests have De-
come satisfied that the only way t
maintain a fair rate Of dividends 10
. owners Of American securities lies
the consolidation SO far as our lin
is concerned, there are negotiations no.
pending which may result in the roa
:. being absorbed But all I can say
the moment is that every sharehold'
= will ba protected
George Gould, when asked If he cor
. templated purchasing the road, an
. wered: Most assuredly not and col
=. yeyed the impression that he did n
= consider the acquisition Of the road m
terlal to his scheme Of railroad col
n solldation and extension"
TfHF