The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-10-26

THE WESTERN CONTINGENT DE-
sIRES ANOTHER BULL CAMPAIGN.
Careers of the Controllers Of Rock
NEUTRALITY-SUSPICIOUS. Fight
WaII-Street JargOn Defined.

Special to the Indianapolis Journal
NEW YORK, Oct. 25.-The period of
monetary stringency is passing. The bank
ing combinations having syndicate commit
ments of their own to make good during
the next six weeks are still discouraging
speculative expansion and are doing their
best to repress the enthusiasm of the
Western contingent" which is impatient
20 inaugurate another magnificent bull
campaign in the stock market The bank
ing combinations admit that the conditions
at large may justify the expectations of
the bull leaders, but make it a point that
this is not an opportune time to begin
livening things and thereby inviting public
participation on a generous scale. The con-
sentative Judgment Of the street" is that
the next grand bull movement may be de-
layed until the beginning of the next calen-
dar year, the start to be coincident with
the distribution of more than 100000 900 in
January dividends and interest
The annals of Wall street present moth
ing more wonderful than the careers of the
little coterie- of multi-millionaires compos-
ing what Is known as the Rock Island
party" This is in many respects the
strongest and most compact group of men
in the street" 1t is composed of Judge
w. II. Moore and his brother, James III.
Moore, d. G. Reid and W. B. Leeds. The
combined available capital of the quartet
is not less than 500, 100000 of which at
least s60O00.00o represents their investment
in Rock Island into which they bought
about year and a half ago and now con-
troll absolutely.
he fad fat
ton was formed about twenty months ago
their interest in the corpora ton is said TO
have been 100000 shares out of total of
100000 shares. They are understood to
have parted with very large part of their
steel holdings. and. finding themselves pos
sessed of vast sum In cash, they looked
about for an investment. Feeling morally
bound not to re-enter the industrial field
they decided to buy railroad. Rock
Island was the cheapest and best OF the
Western roads then lat large" and they
lost no time in obtaining control of that
property, which they have within the year
enlarged from $500 miles TO 5000 miles,
making what is possibly the most perfect
system in the West from the viewpoint of
practical railroad men, It's lines gridron
an empire nearly LOCO miles square, one
third of the American Republic. When
their plans are completed the system will
embrace a mileage OF 10000 miles. From a
position I'm the second class Rock Island has
forged to the front as one OF the great sys-
Moore and Messrs. Reid and Leeds have
kept themselves free from outside entan-
elements and are i'm position of absolute
Independence. of the great banking combi-
nations of Wall street which dominate so
large a part of the transportation interests
of the United States.
Wall street il taking very lively Inter-
est In the fight between Charles T. Yerkes.
the former Chicago traction magnate. and
]. Pierpont Morgan and his friends for
the contros of the London underground