The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-08-14
RAILROAD NEWS.
Maple Leaf Now Said to Be on
the Market.
May Pass Into Control of Rock
Island interests.
IS A DANGEROUS RIVAL
Community of Interest," De-
mands Its Absorption.
Stickney Admits That Negotia-
tiOns Are Pending.

Chicago, Aug. 14.-Rumors of negotia-
tons. looking to the sale of the Chicago
Great Western road are again claiming
the attention of railroad men. Advices
from St. Paul indicate that the road will
be sold in the near future, and President
Stickney admits that negotiations are
pending looking to its transfer.
The decision of Judge Munger in the
federal court of Omaha granting the
Chicago Great Western a mandatory in
junction against the Union Pacific in
which the latter road is ordered to allow
the Great Western the use OF the Mis-
souri, river bridge and its terminals in
Omaha and South Omaha. is regarded
as a significant victory for the Great
Western.
1t is expected that If the sale of the
property takes place it will be purchas-
ed by the promoters of community of
interests and at present it looks as If the
Great Western had increased its power
of evil III entering the western field of
competition. 1t is pointed out that the
decision allowing the road to enter
Omaha and South Omaha will urge its
rivals to acquire the road so that it may
be deprived of the many advantages
which it win gain by being permitted to
enjoy the bridge and terminal facilities
in the important western cities named.
Facts bearing on this point were OBJ
tanned from a large owner of Great
Western today, who said: Not one
share of Great Western stock has been
sold during the period of depression in
the stock market by those owning con-
troll. They never carried any part of
their holdings on margin and always
have been determined not to sell excepr-
I ing at figures satisfactory to them.
Whenever a sale has been discussed it
has been on a basis of certain prices for
/ he III CT 5effr of
A preferred, B preferred and common.
No figure below par for the A stock has
ever been considered and none will ever
be accepted.
tered with the Great Western building
plans as it has with those of other rail
roads?"
1T has not. The plans of the Great
Western have been prosecuted without
delay. and we will be running trains to
intended. Mr.. Stickney foresaw the
money stringency of last fall and took
precautions to provide against its effect
by borrowing all needed funds early
Mr. Stickney Is quoted as saying ne
gotta tons are on for the purchase OIL
the Great Western by other interests
Il do not believe Mr. Stickney made
the statement attributed to him. l do
not tcink he would do so, even if ne
gotiations were well advanced can
not discuss this matter myself
Control of the Great Western is held
by English investors, who originally
supported President Stickney in his
Great Western enterprise The under
standing in Wall street is that d deal
for transfer of the road iswell advanced
and that the Northwestern and the ST.
Paul will be operating the Great West
ern before October 1, the date on when
it is proposed that Great Western trans
shall enter Omaha over the new brancn
to that city. It is thought the payment
for the road may be made through an
exchange of securities instead of In
cash. Both the Northwestern and the
ST. Paul have authorized stock avail
able for such exchange. 1t is recalied
that Chairman Roswell Miller of the
Chicago. Milwaukee & St Paul road mas
always characterized the Maple Leaf
line as a demoralizing influence in the
railroad situation in the west, and IN
the east it is thought an effort soon Will
be made to eliminate this condition by
the outright purchase of the road.
Mr.. Miller is quoted as having said
that such a purchase should be MADE
bv the roads mostly affected by the OPP
| erations of the Great Western, and as
these are the Northwestern and st.
Paul. the deal in all probability will be
/ consurnmated by these two great COM
Danies having interests in the western
/ territory.