The Washington times., 1902-01-13
TO MERGE ALL
ROADS IN ONE.
Much Depends on Supreme
Court Decision.
GIANT SECURITIES PROJECT.
If Northern Company Wins Its LegnI
Fight Four Others Will BE Formed
ana Then All Five Combined in
the International Securities Com
pnny-After Government Trans
ports. Il --u

ST. PAUL, Mimi, Jan. 12.-on the out
come OF the suit brought by the State OF
Minnesota against the Northern Securities
company will depend the consumma tior
OF many other merger combinations OF
railroads and transportation companies.
other mergers" have already been in
corporated in New Jersey. These are the
Southwestern Securities Company and the
southern Securities Company for the con-
'roi ana management of some of the
Southwestern railways.
st. Paul railroad man. fully competent
10 talk on the subject, who has visited
New York for the purpose of obtaining all
information possible concerning the "mer-
ger" question, said today:
All to He Merged.
IL is the purpose of the larger railroad
managers of the country to eventually
merge all or the railroads In the United
states under one control. Should the right
to consolidate competing lines of road be
allowed by the courts and not inter-
ered with by Federal or State legislation,
we Shall see in ten years the greatest
transportation trust ever dreamed Of
At the outset there would be several
companies like the North. Securities
These would gradually consolidate. In
Iact, was advised that there would be
nve securities companies organized if the
hlil-Harriman-M Morgan scheme goes
through
Securities Companies Planned.
First, the Northern Securities Com
pany, controlling the lines across north
ern portions of the United States
Second, the Central Securities Com
pany, controlling the New York and Chi
cago lines. known as the Vanderbilt rail-
reads, and also including the Union Pa
ciic.
Third, the Southern Securities Com
pany, controlling the Plant system to
Florida and the Atlantic Coast Line roads.
Fourth, the Southwestern Securities
Company. controlling the Gould roads,
Missouri Pacific. Atchison, and all OF the
numerous feeders.
Fifth, the Southern Securities Com
pany, controlling the Southern Pacific
lines.
After these companies have been
formed the plan is to merge the five into
a United States Securities Company, the
board of directors being selected from
the five smaller mergers.
international Company Project.
But the ambitious plans of ]. Pierpont
Morgan and James J. Hill do not end here.
After the United States Securities Com
pany has been organized they have the
details of still greater corporation in
their mind. 1t will be the International
Securities Company, to control ocean
transportation and donfinate~,he worlds
commerce by placing it under the man
agement of a few men.
AS the mergers are organized IL is a
part OF the programme to reduce rates,
both passenger AMI freight, and to declare
TO the shipper the consumer, and the
travelling public that merging railroads is
for their best interests, and that develop
ments will prove it,
]. ]. Hill was seen and refused to say a
word on the subject. but the scheme is in
line with plans he has disclosed to others.
Wants Government Transports.
James J. Hill is said to be reaching for
the fleet of Government transports plying
between the Orient and San Francisco.
This would give the Hill interests prac-
tlcally monopoly OF the shipping of the
Pacific Coast. a
These interests now own or control the
Great Northern Steamship Company, the
Northern Pacific Steamship Company the
Pacific Coast Company, and several
others.
The plan to absorb the Government
transport service is said TO involve the
reorganization of the Pacific Coast Com
pany. placing it under the management of
Capt oscar Long, of the army, who is
in charge of the transport service in the
Pacific Ocean.
]. ]. Hill declines to discuss the sub
ject.