The Topeka state journal., 1902-04-30

camille Trust company, acting for the
Rock Island has secured an option on
a majority of the stock, while a great
part of the real stock has been acquired
by the Mississippi Valley Trust COM
pany.
Local brokers pointed out that the
Northern Pacific episode of a year ago,
when a fight for the control of that
property developed between the Kuhn,
Loeb & Co.-Harriman syndicate and J.
P. Morgan & Co. only that in the pres
ent instance the affair is of much small
er magnitude.
The control of the St. Louis. Kansas
City & Colorado will give the Rock ISL
and a direct connection between the
Kansas City terminus of that road with
St. Louis. The southwest terminal OF
the Rock Island has been Kansas City,
and the acquisition of the st. Louis.
Kansas City & Colorado is considered
one of the aggressive moves in the pol
icy which the road publicly announced
it would follow shortly after the Moore
bros. of this city bought the control
Tt runs from F'orsythe Junction, St
Louis. to Union, No, and has had
trackage rights into the city of St.
Louis over the Wabash. This contracr
carried the terminal of the property
into the Union station in St Louis.
1t viii be seen. therefore, that in case
the control of the Virgins Ferry COM
oany is lost in the battle the result of
which has not been determined, the
Rock Island will yet be in a position to
secure a direct entrance into the city
of st. Louis. The capital stock of the
company is only $160O,O0O and in addi-
ton 1t has a funded debt of 81, ,381 900.
The floating debt is 81 959, ,634
On June %, 1901, the stockholders au-
thOrized a new issue of bonds to the
amount Of S20,000,000 for the purpose of
taking up the old mortgage and issuing
a new one at the rate of $50 600 a mile
of bonds and stock. The directors of the
company are John Seullin,D. r. Francis,
George l. sands. Harry Scullin, w P;
Tennett, A. J. Tullock G. H. Osburn and
Charles 9. Gleed. John Scullin is the
company'S president.
The road formerly was controlled by the
scuiin syndicate took the s property. @ '-''''
ROCK ISLAND MAY PAY IS. 900. coo.
The Virgins Ferry company has a cap
ital of Sl,O00oO0 In the contract which the
Mercantile Trust company entered into
with the ROCK Island the price stipulated
Tor the control OF the property was s., COO
000. The stock, bought by the Mississippi
Valley Trust company averaged much
higher than $500 share, and in case the
opponents of the Rock Island have Sc
cured control Of the property. it viii have
cost them in the ne1ghborhood og $4,000, 600.
Competent authorities stated today that
the acquisition of the St. Louis Kansas
City and Colorado by the Rock Island road
probably will have an important and far
rea ching influence on the Southwestern
Earlier in the day the board of directors
of the Mexican National road was an
nOunced showing a very close alliance be-
tween the Rock Island and the Union Pa
cific and the Gould systems, full represen-
tation being accorded to each OF the diree-
tOrate
It was suggested that this development
in the Mexican National together with the
news that the Rock Island had extended
its terminus into St Louis, had practically
established a harmony of interest between
the Rock Island Gould and the Standard
Oil syndicates in the southwest. The po-
sition of the Atchison road under this ar
rangement is considered somewhat pecu-
tiar, and in fact jeopardized as they are
crowded out of St. Louis and apparently
a strong southwestern alliance formed,
in which the Atchison system is excluded.