The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-04-18
STEPS TOWARD A
RAILROAD TRUST
IN and Mexican Deals Have
wide Significance.
pasopolY BELIEVED IN SIGHT
.rnARp OIL POWERFUL IN
rrvcE IN TWO REPUBLICS.


uo steps in the direction Of the
".natlon Of a railroad trust
80 will control absolutely the
.,r.tian in the United states and Mex
''-'.-' -.s7 in the passing this week Of
e'' = -+-s 10 j. Pierpont Morgan Of
ne I.-Tsvf1e & Nashville and in the
'n7 -.rsrr of the Mexican National
& National Railroad company of
recently incorporated in Utah.
49, -.e +.r remaining independent lines
80 absorbed and the half-dozen
.ots-ies of capitalists that are the
OF ,ovsrs I'm the railroad world ore
ss1-ir- more powerfully enuenched
I'm the west their only pros
ilA ~. conDefIt0r is Senator w. A.
and his associates in the san
80 10 Tos Angeles & Salt Lake road,
III 1roHat and his friends in the
s-- -. e Northwestern. The Santa Re
-.--irsIIv independent but it has
r-orl-fng in close harmony with
III ,-bar interests principally the
,.-grb-anfs. The Rock Island until
--,tir was considered independent
.+s control has been purchased by
- 5r7ores and they are now suspected
= ,rorsirg with j. Pierpont Morgan.
-.. rbi.syo Great Western is indie
---isrr but it - not a great system
,r! is for sale.
One Weak Place.
Tia principal weak place in the big
.5ana of railroad combinations has
IN In the south and Tire gathering Of
4. louisville & Nashville into the fold
rs strengthened zbis weakness. In
u.yif1 it is understood that the Next
an National and Mexican Central sys-
.ms are to be- "harmOnized, If not
.n-5H5ated. and the southern republic
..s, is TO De dominated by the small
a,erie Of financial powers. And
enough all the rsmilCatlon of the COM
ff7qtions. reaching into every corner
AZ the United States and Mexico, eN-
sends the influence ~ Standard oil. In
every one of these groups of roads the
al monopoly has voice, If not con-
troll
Competent observers say that II the
Northern Securities company is de-
GrsI legal The formation OF another
monster company to control nearly ev-
sv railroad ~ Importance IN the
United States viii follow sooner or
atsr
Moores Cut a Figure.
The position of The Moore brothers is
81 present Of the keeuest interest IF
they are independent they have put
themselves practically on a par with
the other great railroad manipulators
Hbe Hill Morgan. Gould and Hartman,
and are On Ha res. 1ned with decidedly
in the situation Of the future.
NU long go the MoOres bought The
control of the Rock Island, paying it
Ssaid. am average of SAC a share. Tn ~
and their friends had made many mill
lions out of the fictation Of the United
States steel corporation and they used
some Of their urofts FOR this purpose.
They promptly began a campaign of
extension, buying the ChoctaW. and
rubbing 10 he MEXICAN border ana TO
3 closer connection with the Southern
Pacific FOR Pacific coast business.
The Louisville 81 Nashville and its
connections hzy- been the principal dis
tlrhing clement iu the rate situation
between the north and south. Gould
controls the Missouri Pacific. the TlIi-
hnS Contra and the Kansas CITY
southern ara Hartman roads. and Nor
gan dominates the Southern. With the
lf'I.sNlie d Nashville gathered i'm. and
'ae 4on, and Chicago & Eastern I'LL
Itls, which are said 10 be tied up the
powers viii have the southern situation
',WDetey under control.
How Freshness Is Dominated.
lf abroad business of the United
states Is now dominated as follows.
Eastern States-COntroTed by the
lehAsyH dnia. Vanderbilt. MORGAN and
GARD OF interests. with Gould
"o. King his way iu.
eAJdl States Controlled hy Penn
wanna. Vanderbilt Gould. Morgan
LiHl Moore. Hartman. Santa Fe ana
standard OH interests.
,r-- .-,-'I4 Slates-CouJrolled by Gould.
4o,sdL Hartman and Standard OH
- A' Aoores, with the SeSboard Air
..7 ana Plant system INDEPENDENT
i,- . ~, i.Aeiy ta be seriously disturb
es,ern States Controlled bv Nor
A'+ hlN. Hartman. Standard ON
,. s-Ia- he Moorrs and the santa Fe
u me san Pedro and the Denver A.
'eSleru The only prospective COM
$500, 'at1HeI by Hartman and
'.a.1aFd oi. interests.
COmmuuitv- or T-----.--.