The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-07-28
RAILROAD NEWS.
Rock Island Fostering Gigantic
Expansion Schemes.
Determination to Reach Coast is
Announced.
AN OFFICIAL TALKS.
Mallory Lime and Mexican Cen
trail Traffic Arrangements.
Rock Island and Frisco Direc-
tors Meetings Tomorrow.

New York, July 2S.-One OF the Tour
gentlemen most prominently identihed
with the new control of the Rock Island
has vouchsafed some interesting addi-
tiona1 Information of the lines along
which it was proposed to expand the
ships, running from Galveston to New
York, will be purchased if reasonable
price can be agreed upon, and IL not
a transportation alliance will be formed.
giving the Rock Island equal facilities
with the Southern Pacific by water from
Galveston to New York Something or
this has been heard before but this Is
the first time that a Rock Island Of
fetal has said that the purchase of the
Mallory line is proposed Next, Rock
Island intends to form an alliance with
the Mexican Central which, will make
it the shortest and most direct means
of transportation between Chicago and
the City of Mexico.
More important than either of these
| things, and more important than any
thing Rock Island has done in the way
of expansions, it proposes to go to the
! Pacific coaSt.-ThiS is a fixed: determl-
| nation though it has not been deter
mined how the object shall be attained.
! The official on whose authority this
statement is made says that Rock Is
land will do one of thwo things 1t
/ will either build to the coast or buy one
of the established lines. He FASTENED to
| add that any talk of Rock Island in
interests trying to buy control of an =
! other road in the open market is sheer
nonsense now or at any future time
If the Rock Island buys its way to the
Pacific coast by securing q line already
| built it will be done in private negotia-
| lions, and not through the stock mar
ket. The suggestion of Rock Island
| buying a road to the coast leads infer.
entially to thoughts of deal with
Atchison, and while the Official would
not deny that this combine N is in the
range of probability, he stated posi-;
| any other road will never be bought for
Rock Island in the stock market.
Reports of a deal for control or lease
| of the Frisco by the Rock Island have
become so persistent, despite most en-
phatic denials by officials and directors
of both systems, that general impress
sion prevails that negotiations of some
description are under way
1t is intimated by reliable persons
that negotiations are under. way for a
close traffic alliance. Bankers identified
with the Frisco have intimated that
there were negotiations on foot looking
to a close alliance with the Rock Island
system. But it is pointed out that this
alliance would not necessarily mean
that the system would pass under con-
troll of the Rock Island, but that lease
on fixed guarantee mught be made.
A meeting of Frisco directors has
been called in New York for next Tues
day. which is several days in advance
of the regular meeting time That is
also the date announced for the Rock
Island meeting. which, it has been Off
cialIy stated, will develop something
Every satisfactor to all stockholders
President Yoakum is thought to be in
New York City, and he will attend this
| meeting.
New York, July 2s.-President w B
Leeds of the Chicago, Rock Island and
Pacific is in New York While declining
to talk for publication regarding Rock
Island matters, President Leeds sai6
that there appeared to be a misunder-
standing with regard to the purpose
that the Rock Island management hao
in view in recognizing the financial af-
fairs of the company. He intimated tha'
the main object was concentration an6
economy.
Asked if the Rock Island director.
would meet in this city next Tuesday
President Leeds said that in all proba
bility they would. He would say moth
ing about the purpose of the organiza
! ton. 1t may be stated as a fact. how
ever, that the directors will receive from
/ | President Leeds the complete draft O
; | a plan for the financial reorganization
| of the company.
D A Wall street broker, who is operat
. | ing for the Rock Island. is reported a
saying:
, There is no necessity of the Rocl
Island people buying control of Atch1
!; son. Such a scheme would require NOR
, capital than even the dominant interes
| in Rock Island could well afford. TIL
outstanding capital stock of the Atchi
| son is about $4,000 600 and that is yer.
; | widely distributed. The amount o
: Atchison stock already owned by tn
| Moores and their associates entitle
them to an influential representation Il
| the Atchison board"
Austin. Tex, July 2s.-The authorize