New-York tribune., 1902-12-31
TRUNK LINE TO GULF.
President Yoak,Um Says the FRISCO
VII Ha0e One from st. Paul.
IBr TELEGRAPH TO THE TRIBuNE-l

By TELEGRAPH TO AhAhSN1-1
nseu--Orleans Dec BOB. + Yoakum, presl-
dent n. the St Louis and San Francisco Rail
road Company, who has been in this city since
Saturday in daily conference with prominent
husiress men, announced to-day that the Frisco
line would be extended TO this city and ne"
trunk line opened connecting New-Orleans WIN
Chicago. ST Louis. st. Paul, Omaha, Kansas
City and Memphis He said that the Frisco
had closed a deal for terminals here, and the
contract would be awarded at once for the con-
struction of railroad yards. station. etc. From
fifteen TO twenty blocks of real estate have been
purchased. lying Just above and alongside the
old Basin Canal, starting at Basin-st and run
ming back nearly to Broad-st, occupying the en-
tire block between Toulouse and st. Peter SITS.
The work of securing options from the owners
of the property has been going on for five
months, and the Frisco agents were to-day au-
thorized TO pay over the money.
General Manager Wenchel, of the Frisco. who
here with President Yoakum, said to-day:
We have built our road to WINFIELD. La, and
over TO the west bank Of the Mississippi River,
and we are building down to New-Orleans
as rapidly as OF course we Will have
70 cross the river at some point but whether
that point will be Natchez, Baton Rouge or
New-orleans will be determined later. We be
heve in New-Orleans, and we believe in the
South, and believe that by helping New-Or-
leans and the South will help ourselves.
We will have trunk line from Minneapo-
lis to this city. Every business man knows
what that means. The survey of our lines has
heen fnihed and are now awarding con-
tracts
Chicago, Dec 30-A dispatch from Omaha
says that E. f. Servss. general Western agent
of the ST. Louis and San Francisco Railroad,
who has iIst returned from a conference with
President Yoakunl, states that it has been def
initely arranged to build a line from Chicago TO
Minneapolis and ST. Paul. He says that work
viii begin in the spring.
There are already five roads connecting Chi
cago with St Paul and Minneapolis. One Of
these roads the Burlington. is controlled by the
great Northern and the Northern Pacific The
st Paul and the Chicago and Northwestern are
great systems with networks of lines in the
territory west of Chicago. There remain the
Wisconsin Central and the Chicago Great West
ern. The latter extends from the Twin Cities
not only TO Chicago. to which point the Chicago
and Eastern Illinois. controlled by the
Frisco" runs. but also to Kansas City. Of
the two northern terminal points of the present
- Frisco system. There has been extensive
buying of Chicago Great Western stock during
the last few days for London account, and the
further fact that one of the executive officers Of
the company sailed about ten days ago for Eu-
rope, where control OF the road is owned, has
started rumor in Wall Street that some i'm
portant development is impending, runor
which yesterday took the form Of belief that
the extension Of the Frisco system to St. ,
Paul and Minneapolis might be effected through
acquisition of control of the Chicago Great
Western. rather than through the construction
of a sixth line from Chicago to the two cities
The election of f II. Prince president Of
the Pere Marquette Railroad Company is re-
garded in the West conflrratoTy Of the re-
port that the syndicate which recently acquired
control of that road acting in the interest
of the St Louis and San Francisco. as Mr.. !
Prince is closely identified with H. Clay Pierce
in the so-called Pierce syndicate, which is prom
inent in the ownership of the " Frisco