Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-06-06
BIG RAILWAY MERGER
Acquisition of the D. NJ. & Ft.
D. by the NJ. & st. L. of
Much Importance
GREAT SIMILARITY IN NAMES
Il is Surmised That Hoolsy, a Broker
Before Unheard of, and Hawley.
Working in the Interests of the NJ. 6
ST. L. Are One and the Same Man
Other News.
Other News.

/ investigate the inference that Edwin
| Hoo!ey, New York owner. of stock In
Des Moines & Fort Dodge. and Edwin
s. Hawley. New York president and
/ director Minneapolis & ST. Louis
are one and the same man.
and that even if this is not so, Hooley
is working for Hawley, and, as brok-
erag. firm. has secured the one line in
| Iowa necessary to make the combined
Minneapolis & st. Louis and the Iowa
! Central, now under one management.
one Of the greatest lines of the west.
| Thru Edwin S. Hawley, the Mime.
ago, worked hand in hand with the
Rock Island. was secured from that
road for the Illinois Central. Thru
/ Hawley later, the Iowa Central was
estranged from the Rock Island, and
! the Iowa and Illinois Central made ar
engagements to run their trains to the
Twin Cities over the Albert Lea
route.
| Now. thru Hooley, man who here
| tofore has never been heard of In the
west, the Des Moines & Fort Dodge,
! the one line that makes 1t possible for
| the Minneapolis & ST. Louis to run
| its trains into Des Moines, and which,
with twelve or fifteen miles OF new
track will connect its Des Moines &
st. Louis route with the western branch
running to Watertown, S. D., the Des
Moines & Fort Dodge has been taken
away from the Chicago, Rock Island
& Pacific.
These three railroads, surrepti-
tiously taken from the management of
the Rock Island thru the covert pur-
chase OF the common stock, form to-
gether, one of the greatest and most
efficient trunk lines in the west. a line
which in its turn is combined by the
Illinois Central. The story of the
control and combination of these roads
story which is not inferred or spec
ulated upon. but which is culled from
the records of the Iowa road commits
sioncrs, is as follows:
The Minneapolis & st. Louis was
originally built by Minneapolis parties,
control of the stock soon being secured
by the Chicago Rock Island & Pacific,
which had as two members of the hoard
of directors, ex-President r. r. Gable.
of Rock Island, and x. T. Ives, OF Ce-
dar Rapids. In 1890 the line was
thrown into the hands OF receiver and
the Chicago Great Western secured
some of the minor branch lines in
Minnesota. At the same time it was
reorganized and in 1898 Edwin S.
Hawley, prominent New York broker,
secured control of much of the stock,
and soon Hawley was made president
Of the road.
In June 1900. the west was startled
by the acquisition by the Minneapolis
& ST. Louis of the Iowa Central, line
previously owned by Russell Sage, and
Ex-Governor F. NJ. Drake, with a nor
thern terminus at Mason City. The
line was secured strategically thru
the purchase of nearly all the common
stock by Edwin s. Hawley Soon Haw-
ley was made director and officer OF the
road. 1t ran from Mason City to AL
bia. The two lines were at once con-
nected the Iowa Central building to
Albert Lea from Mason City, thus Civ
ing the Minneapolis & ST. Louis its far
Twin Cities. 1t runs to Minneapolis to
Abba over It's own lines, thence taking
the Wabash to st. Louis.
The first of last year the Illinois
Central ceased the operation Of its
Chicago Minneapolis train via the Wa
bash. building branch from Lyle to
Albert Lea, eighteen miles. and using
the Minneapolis & st. Louis tracks to
reach Minneapolis. AT the same time
the Rock Island, which had heretofore
used the tracks of the Minneapolis &
ST. Louis to Minneapolis, was COM
PEELED to build its own line to Minneap-
oils.
New the NJ. & st. L. has commenced
the expenditure Of s2.000,000 on i'm
provements of it's line into Minneapolis.
cutting out all OF the expensive curves
and hills The track is being made
almost an air line thru the hills that
lead to Minneapolis. so that the M. &
st. L., the Iowa Central. and the Illi-
nois Central will have a nearly per-
feet route to the twin cities. That, the
Rock Island cannot use.
Now, it is stated. that Edwin Haw-
ley, after acquiring both the NJ. & ST.
l.. and the Iowa Central from the very
hands Of the Rock Island, by the pur-
chase of the majority of the common
stock stock which pays little. If any,
premium, and which holders We're glad
TO sell. he has used the same tactics
and by purchasing the common stock
of the Des Moines & Fort Dodge. thru
private parties he has gotten that line
away from the Rock Island. 1t is valu-
able, because it gives the NJ. & st. l..
its own inlet to Des Moines. 1T only
owning its line to Angus. 1t makes it
now necessary for the Iowa Central to
build to Des Moines. 1t gives the 1lli-
nois Central controlling the ST. l.. and
Iowa Central direct passenger and
freight line to Des Moines, via Fort
Dodge. Best of all it gives the M. &
St L. a direct freight and passenger |
line between Des Moines and its big |
western lines running to Watertown,
South Dakota.
Eighteen Miles to Rebuild.
The Minneapolis & st. Louis, own
ing the Des Moines s. Fort Dodge.
will have to build but eighteen miles
to connect Ruthven and Estherville,
giving it the shortest possible line be-
tween Des Moines and South Dakota,
both for freight and passenger traffic.
Carroll Wright yesterday morning
stated that Hooley and Hawley were
not the same men. He said that Hool-
ey was private broker. However 1T
Is, there il room for a strong suspicion