Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-03-25
RAILROAD INTERESTS
et9Jz
VIM. K. Vanderbilt to Retire
From Active Management.
EW-o.
NEW YORK De TERMINAL
WILL ACCOMMODATES 900 TRAINS
-tiyof-
A DAY.
President Cassatt Says That 10000
600 Passengers Can Be Handled
in Year.
NEW YORK De TERMINAL

The announcement is made from New
York this morning that William X. Wander
| bilt, who has, since the death Of his brother
Cornelius, conducted the management Of
| the vast family interests centered in the
| New York Central railroad, ds to retire from
active participa ton in railroad affairs, and
that with his retirement the affairs Of the
road will be administered by the Rockefel-
Ter Morgan-F Pennsylvania combination.
This does not mean, 1t is stated, that the
operating arrangements of the two great
systems-the New York Central and the
! Pennsylvania-aretobe consolddated-simply
that those who hold the largest financial
| interests In the two properties are to COM
| bine their domination in each.
This announcement Of the withdrawal of
| the active control Of affairs by Mr.. Wander
| bilt is declared to have been made possible
| through the many mergers, interchange Of
| directors and the development Of the COM
| munity OF interest idea which has been
| going on for some time between the New
! York Central and Pennsylvania. Besides
| bringing the two giant companies together,
| these financial maneuvers have brought
| many other eastern roads under their in
| huence.
| To reach such a conclusion, it is stated
that Mr. Vanderbilt has been one of the
| moving spirits and hardest workers
Through its contamination he Is believed to
have secured. as far as human security can
| go. permanent value to the Vanderbilt fam
lily interests, without requiring further the
| constant and aggressive management Of
| trained financial and railway manager, who
must necessarily also be a member of the
vanderbilt family. The brains which these
| their general policies will serve the two
| systems as one. The domination of each in
the territory covered is complete, thereby
reducing to the minimum any successful
md
| FAMILY may lift care from it's shoulders.
Pennsylvania New Terminal
Through the testimony of President A. J.
Cassatt of the Pennsylvania railroad yes
terday before the appellate court in New
York in answer to protests of property
owners against the proposed tunnel plans
of the company most interesting details of
the terminal plans were made known.
Mr. Cassatt said that 900 trains a day
might be handled in the proposed New York
terminals; that zoe, 900 persons could find
ample accommodation in the station daily,
While the yearly passenger capacity of the
station would be 100000 persons. The
total cost of constructing the tunnels and
station he said would be $50 OO0
Mr. Cassatt said that the, extension of the
Orleans railroad from Paris to its suburbs
through tunneling along the river Seine
had demonstrated the practicability of tun-
neling into great city, and also the prac-
ticability of using electricity as the mo-
tive power. No freight is to be hauled
| through the proposed tunnel approaches to
| New York. and from, twenty to sixty trains
can be run each way per hour.
Among the property holders along the
proposed line of the tunnel who have re-
| fused their consent to its. construction are
| Robert Goelet, the proprietors of an al
legged gambling house at 33d street and the
| pastors of several Baptist, Presbyterian
and Roman Catholic Churches.
! f1n f1.on n1h ao oil DIV hap
| and its completion will take something
| over three years. The greatest benefit to
| the public as viewed from a professional
| railroad standpoint is the saving of half
| hour to all points west from New YORK
| city. sew
James r. Keene made two moves in his
| fight for control Of the Southern Pacific
| yesterday. One move at least is evident,
| and the other apparent. He issued state
| ment in Which the attitude of the New
| York press in the matter was severely crit
icised The other was an advertisement re-
ouesting all persons dissatisfied with the
| Keene pool to call on Col. Asa Bird Gardi-
ner and talk over their grievances. Wall
| street saw in this Mr.. Keene's own hand
! He wished 1t was said, to find out who, If
any. of his clients in the pool were disloyal
| In his general statement on the situation
| Mr. Keene said:
| 1.-The Southern Pacific is the keystone in
| the whole transcontinental railroad ARCH
until somebody calls them to account
| Every paper in New York seems to be on
the side of the majority. They may find
| that minorities have rights that majorities
| are bound to respect when there is a call
for the execution of the law Of the land
| 81 have as good right to protect the value
| of my shares as other people have to pro-
| tect the value of their shares Where is
no foy,
papers, that says I have not? The South
| ern Pacific is the most undervalued rail-
| road property in the United States, and 1t
| is undervalued because it's control is illegal
| ly possessed and in such illegal possession
| is not independently, but is unjustly. oper-
| ated. 1 have summoned the law; let the
| law take it's course.
There were supporters of the Keene the
| ory in the market, as was shown by the
| fact that in declining market Southern
Pacific remained steady, while Union Pa
cific sold on.
May Avert Strike.
The directors of the New York, New
| Haven and Hartford railroad will present
a proposition today to their dissatisfied en-
ployes which is intended to avoid threat
ened strike on that road Just what will
be offered is being kept secret so far as
official announcement is concerned. 1t has
been ascertained, however, that a general
raise in wages is proposed without recog-
milton of the union. That this increase is
to be 10 per cent has alsosbeen stated. The
| trainmen and conduetorsssof this road are
the prime movers in the demand for more
money. 1t is understood however, that
they regard the recognition OF their unions
as even more vital than an increase in pay.
New Engines for Southern.
Fffty-seven new locomotives have just
been delivered to tie, Southern railway.
and will be put Immediately into the
freight and passenger service Twenty
five new passenger coaches have also been
received from the faftorys This new equip
ment will greatly relieve the demand of
the road for increased facilities for han
systems, the Southern has found it's roll
ing stock Inadequate TO. handle the in
creased business WHICH has developed with
| in the past year more. Two years ago
the company gave oEders for ninety-seven
engines but so many orders were in from
IL, H.