The sun., 1902-10-26
CONTROL OF COLORADO FUEL
Nor WIN GATES, MIR WITH
RAILROADS AND OSGOOD.
The Goulds. Hartman and Edwin Hawiey.
II u tnderstOOd, Have Acqnir cd
stock Enough. Win the OsgOOd Party
stock, 10 Carry the COninG Election.

II was stated Ia Wall Street on good
authority that the control Of the much.
fought -over Colorado Fuel and Iron Com
pany has now been settled. and that IL
will not. an many Wall Street men have
anticipated, be found 70 rest with John
". Gates and his friends. The control,
according to the Information made public
yesterday. will now rest jointly with the
railroad companies which handle the enur-
nous business of the Fuel and Iron company
and with Chairman }. c. Osgood and his
friends. who have been fighting Mr.. Gates
and his faction. Il II understood that
the Goulds. representing the Denver and
Rio Grande Railroad; T. II. Hartman
representing the Union Pacific and Edwin
Hawley, representing the Colorado and
Southern, have acquired sufficient stock
In conjunction with the amount held by
the Osgood interests to enable them TO
control the election which will he held
under the jurisdiction Of the United States
Court in Denver on Dec. 10
II is understood that the buying Of Colo
RADIO Fuel and Iron stock on the New York
Stock Exchange in the last few days has not
been with "A view of buying control Of the
company. but was based on the knowledge
that the company's control bad finally
passed to the railroad interests in con-
junction with Mr.. Osgood. 1t has been
the view OF the management of the COM
pany for long time that the railroad COM
nanies which handled the Fuel and Iron
mpany's business should either direct "
indirectly have a large interest in that
concern. SuCn H. the magnitude of the
Fuel and Iron mpany'= business, that
should the Management favor any one
Of the railroad companies to the detriment
Of the others It would change the earnings
OF the roads very materially. II was stated
however, Yesterday, that, as a matter Of
fact, the Fuel and Iron mpanv has been
very fair and impartial III routing its bu-i-
ness, and has obviously .trengt henad it's
positiC n with the railroads by such action.
IN" railroad companies appear to have
been aroused last summer 10 the risk they
ran should the movement 10 change ,h"
mana agemert Of the Colorado Fuei and Iron
Company, which was then going on, prove
successful The result was the adoption 10y
them since that time Of the view held by the
Fuel and Iron cImpany's managers that
they should have an interset in the concern,
and they embraced the opportunity which
was offered T, 'ntly TO buy a lo- of the stock
in the market al comparatively low prices
In one Wall Street quarter stress was laid
Yesterday on the strong local feeling fav-
orable Ia the Osgood interests in the Fuel
and lrof Impany. which has been aroused
IN tOlOfadD since MT. Gates and his TRENDS
began their attempt to obtain control.
This statement was made: In Colo
rado the Osgood people are looked upon
as the home interest, and the AZ tempt of the
Gates people has hecn resented all through
the State. The joining Of the railroads with
Mr. Osgood in securing control Of the prop
erty is a very shrewd move on their part .
as IL places them in line with this strong
local sentiment. a sentiment not To be
desrised in n State like Colorado"
There is a good deal of difference of
opinion in Wall Street as to how much
Colorado Fuel and Iron stock is now held
by Mr.. Gate, and his friends. Chairman
Osgood, when seen al the Hotel Manhattan
Yesterday and questioned about the re-
ported passing of the control of the com
pany 10 the railroad and Osgood interests
jointly, replied: Il will have to decline to
make any statement Max Pam, who is
intimately associated with Mr.. Gates in
his enterprises. was seen at the Waldorf
Astoria Hotel lie said. 4 don't know
about it, but don't think il is true Ar
the Office of Harris. Gates X Co, il was said
that John W. Gates had gone out of town.