Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-08-27
GOULD IS AFTER
ALL THE TONNAGE.
Behind the Scenes in the Recent
Colorado Fuel & Iron
Deal.
UTAH WILL Be DEVELOPED.
Oil aud Railroad Magnates Get To.
gether in Scheme to Corner
All the Haulage.

The action taken by the Colorado
Fuel & Iron company yesterday where
IN that powerful corporation obtained
footing in the Utah iron fields was the
topic Of conversation on the streets to-
day. 1t was generally conceded that
the acquisition of the seven claims
from the Taylor estate WdS-Dut the
fcrerunner Of big things to come,
which VIII have the effect Of develop
ing the coal and iron deposits Of SOUTH
eastern Utah, an extension Of the Rio
Grande beyond Marysyae and the pos
sible erection Of big plant which will
supply the Pacific slope and the Orient
with the finished product.
The purchase of yesterday Is said TO
be but the beginning and a furry in
iron holdings Is now In order.
Now comes the word from Denver TO
the effect that the Denver q Rio
Grande has purchased the Crystal
River railroad and that Gould has fur
Their entrenched his position as control
Ing factor of the c. f. & |. The tom
mage OF the company, as now operated
is said TO represent In freight charges
Sl,000,000 a month, and despite the
Hawley- Hartman interests involved
Gould Is laying plans TO capture this
huge traffic for his own roads With
another plant In Utah and n line
through to the coast this tonnage will
be doubled.
There Is TO be a meeting called In
New York on Monday when II IL eX-
pected that the Hartman llawley In
terests viii stir things up and endeayor
TO head off the game OF freese-out IN
stituted by the Gould-R Rockefeller
crowd
II Is stated that the manner In which
Osgood lost control In the company
was characteristic. Owing to pressure
he was denied credit by the banks and
was forced to go to Rockefeller and
Gould TO help him out. The oil and
railroad magnates advanced 100000
but held back S2.0O00O0 as the $1,000
900 was temporarily enough 10 tide
over affairs. Since that time Osgood
has been making things generally un-
pleasant for Gould and Rockefeller in
terests with the result the latter are
now retallating in an endeavor to tie
up all the tonnage for themselves.
That the big concern now getting a
foothold in Utah will eventually go
into the steel trust seems to be a fore
gone conclusion. In this connection a
iinanCler Is quoted in the New York
Commercial as saying.
ITO my mind 1t is clear that the
Colorado Fuel and Iron company Is not
to go into the steel corporation at this
time. Control of the company is vam-
able to the ROckefellers, as It strength
ems their voice In the management of
the steel corporation, Everybody
knows that the vital principle OF the
steel corporation Is the control OF as
large Il portion Of the steel industry as
possible. This is not monopolstic
tendency, but Is founded on economy
OF operation and the beneficial effect
on the entire country Of stable iron
market
1.-THE steel corporation people know
better than any one else that the
Colorado concern, with all It's branches,
could be developed by the unlimited re-
sources Of the Rockefellers into a high
ly important factor In the situation.
Hence, its new owners will not be too
ready to turn II over 20 the steel cor
poration. II is reasonable to suppose
that will be its final destiny, but wheth'
er It is or not the result In the steel
market will be practically the same as
long as all is harmony among the d.
rectors OF the larger concern