Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-11-17
Guild : Rockefeller lpfe
saidto BE Plotting Dow
tail OF t'assatt
LATTER is BIG Raj ROAD
He Is Said to Control the pennsylvanis
System and Represents a Group o
Philadelphia Milioraires-An At
tack on the Pennsylvania Systems
Shares in Wall Street.

New York. Nov. 1.-THE y pub
fishes the following:
| The renewed fall IN the price a
| Pennsylvania railroad stock on Thur
| day and Saturday of last week VIZ
caused by manipulation of the Gould
| Rockefeller interests.
A group OF Philadelphia multi-rnil-
lionaires, of whom President Cassatt
of the Pennsylvania railroad is leader,
has suffered tremendous losses by the
recent decline in stocks. Some OF
of financial failure. All of them have
suffered heavily by the recent fall in
stocks, for the reason that they have
been the victims of campaign d.
rected specially against the companies
In which they were most heavily in
terested.
This campaign. planned, engineered
| and executed by the Could Rockefel-
Ter interests as an act OF revenge
upon President Cassatt, is intended
by them to weaken President Cassatt
with the Pennsylvania railroad stocx-
holders and possibly threaten his con-
troll of the company, thru board Of
directors which for more than gem
GRAFTON has been in complete harmony
with its president.
The Pennsylvania railroads annual
meeting is not held until March, and
1t is probable that a Rockefeller di-
rector will succeed the late William
L. Elkins. The Rockefellers have
never, until this year. had or sought
to have an influential voice in the
Pennsylvania railroad management,
tho it was thru that company, by Its
secret rebates given to the Standard
OIL company that the Rockefellers
made much OF their great fortune.
But now Mr.. RockefelleTs in
creasing desire to control the great
railroads by ownership, his dislike of |
President Cassatt and George Goulds
fight for revenge coming on top OF the
Asphalt bubbles, have Drought about I
a crisis which has put in jeopardy the
entire fortunes Of group of great
millionaires.
Cause Of Conflict.
The cause OF the conflict is we'll
,nown. The Rockefellers have beer
or twenty years putting their enor-
nous dividends from the Standard OF
rust into railroads and other proper
les as permanent investments. The
iould- Rockefeller lines now extend
rom Salt Lake City to Denver by the |
Denver & Rio Grande. from Denver to |
Kansas City and st. Louis by the Miss
ouri Pacific; from st. Louis to Toledo,
Ohio. by the Wabash and from Toledo
TO Steubenville. Ohio, by the Wheeling
& Lake Erie The Could Rookie teller
road now building from Steubenville to
Pittsburg, the greatest industrial CEN
ter in the world, OF which the Pennsyi
vania railroad has long enjoyed almost
a monopoly. will be finished in Ave.
months.
When Gould secured an entrance int
Pitssburg last spring. it happened that
a longtime contract between the
Pennsylvania railroad and Mr.. Gould's
Western Union Telegraph Company
was about to expire. Mr.. Cassatt re-
fused to renew the contract on any
terms. He at once Installed the Post
al Telegraph. the growing rival Of the
Western Union, in every railroad sys-
tenn. This is one OF the reasons for
the Goulds fight against Cassatt.
A war between great corporations
like war between nations, requires only
two things-a war chest big enough
and man mad enough to make almost
any sacrifice to punish any enemy.
Mr.. Gould and Mr.. Rockefeller have
never lacked war chest. and Mr..
Cassatt's act gave them the provoca-
ton TO begin hostilitles.