New-York tribune., 1902-12-31

holding corporation Will speedily be announcel
one OF the most important being securities
company IN which would be concentrated the
control Of the roads constituting the Gould svs
TEN. Perhaps the most interesting f.atnr. of
the railroad year has been the DEVELOPMENT Of
the plans OF George J. Gould and his azso-
GATES for the establishment of a line com
ocean to ocean. Within the year the Gould in
terests have secured control Of the Arm Arbor
Railroad and the Detroit and Mackinac Rar-
way, the Michigan Peninsula winch unas
will be feeders for the Wabash: have acouired
control Of the Wheeling and Lake Erie extend
ing from Toledo. the line of the Wabash
Railroad, AND from Cleveland, to Bellare on
the Ohio River opposite Wheeling W Va
have begun the construction of sixty-miIe line
from Jewett on the Wheeling and Lake Erie
into Pittsburg; and have purchased the West
Virginia Central and Pittsburg Railway and
the Western Maryland Railroad control of
which lines Will give the Wabash an indepen-
dent outlet TO tidewater at Baltimore Gould in
terests have also recently entered the director
ate Of the Kansas City. Mexico and Orient
Railroad Company, which is building sixteen
hundred-mile road from Kansas CITY to the
Pacific Ocean, at Port Stilwell Mexico; and A
traffic alliance has been made between that
road and the Gould system. an unbroken trans
continental route thus being formed. Tie hos
the purpose of the Goulds to extend their rail-
way system into Pittsburg precipitated some
time ago a conflict which is still in progress
between the Pennsylvania and the Western
Union Telegraph Company, Gould property.
Another railroad system which has been ex-
tending its scope greatly is the ST. Louis and
San Francisco Railroad Company which, orig
inaIly operated from St Louis to points in Kan
sas Oklahoma and Texas, in 1901 acquired the
Kansas City. Fort Scott and Memphis Railway
extending from Kansas City to Birmingham
Ala. whence, the completion Of the Sea-
board Air Lines extension to that point an
outlet to the Atlantic seaboard will be obtained.
In August Of this year the Frisco acquired the
Chicago and Eastern Illinois Railroad, obtain
ing outlet to the Great Lakes at Chicago;
and IT is reported that control of the Toledo, St
Louis and Western (the Glover Leaf. the east
ern terminus of which is at Toledo, on Lake
Erie has also been secured by the Frisco which
is also steadily pushing its lines southwark
through Texas toward the Rio Grande River and
the Mexican border The latest acquisition Of
the Frisco has been the ST. Louis. Memphis and
Southeastern Railroad, which will give the for
Iner system the shortest line from st. Louis to
Memphis and Birmingham.
The Louisville and Nashville Railroad has
figured both as purchaser and seller IN the
current year. In August It bought, Jointly with
the Southern Railway Company a controlling
interest in the Chicago, Indianapolis and Louis
VILE Railway Company (the Monon), which eX-
tends from Chicago and Michigan City, on Lake
Michigan, to Indianapolis and to Louisville, the
northern terminus of the Louisville and Nash
Vile Two or three months later the Louisville
and Nashville was itself absorbed, controIlng
interest being purchased by the Atlantic Coast
Line Railroad Company. as the outcome OF d
sensational stock market movement Earler IN
the wear the Atlantic Coast Line had taken over
the Plant system
The Rock Island is another system which has
had a large expansion this year In June the
Chicago Rock Island and Pacific Railway Com
pany acquired the Choctaw. Oklahoma and
Gulf Railroad, extending from MeaPnis ~, -
Amarillo in the Panhandle OF Texas IN My
il purchased the St Louis, Kansas Clly aiIu Sa
Colorado Railroad, partly CONSTRUCTED lllIe
from Kansas City to St Louis, point not
h,+her+o reached by the Rock Island; and later
In the wear after determined contest II was
admitted to membership in the Terminal RAJ az
Rocl Island leased for 999 years the Burlington
cedar Rapids and Northern Railway, ana ana IN elie
Rock Island and Peoria Railway. IN Ihe ~ ioi
IoT1inp month the Chicago Rock lslano anu
I.cifc Railroad Company was incorporate
with a capital of S125.o0O00O, to take Over s cl
reilyvav company: and there was also @ IorlIeu
tta Poc,N 81 Isisnd Company, a holding company,
which acquired the Sl29o09oo0o stoch % .n, IL
railroad company. The S10,ooo'oVu S capIcol ~,
- +be old railway company was exchaIgeu On
the basis of 500 in bonds Of the ralIroao @ COLI
Inonv and $50 preferred stock ana SIoo an. ~ | ot,
mon stock Of the Rock Island Conpany be te Rocit
s100 share of the railway company. n, me -
island system including the extensive t,+ S
r4-1,c+ion work now in progress, embraces @ Coo
eight thousand miles Of road, as aSai Si 1sIen5
-, -o~a+ed bv the old Chicago, Rock As40Ilt
en6 Pacific Railway Company 49, 1-oo,,-
The Pere Marquette RaiT0ad forpn ana anf fhrough rough
ing Valley Railroad togetheI roi ~ the ohio
RTer their junction point being TqieGo FLED WEEKS aFs
Pere Marquette has within the iag1 in Which are
t.oar purchased by syndicate az - a-76
T.a-.1 oe men identified with the St Louis anu anu
san Francisco and has acquired CobrSi r f fl nur
lake Erie and Detroit River r0ao 11nninr Val
90. LL,r ex+anding to Buffalo The HockIns Ht 80
poses roi has in the present month been con-
centTafed in hands Of 1o1srty PGG wGh n its dis
thorized TO dispose OF the ProP Pill fna1iy take
crenon N, Pere Marquette and the Hooking va a.
Sa,s Sc a question which is snH Puz|ii"9
railway world