Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1903-11-20
i WAR or GIANTS.

Bylynnta 6tOck mas atclinsu IT'LL
TO 1f2.-from the highest point on
record TO the lowest since the Span
ish a This decline Is due in part
10 the general financial depression.
hnt u 4 considerable extent as the re-
suit OF a war being waged on Presir
dent A. j. Cassatt BY the Rockefeller
Could interests. The fight began
thus. according to the New York
World:
.The Could Rockefeller line now
building from S~teubenyille, @, 70
pittsburg, the greatest industrial cen
ter in the world, Of which the Penn
sylvania railroad has long enjoyed a..
most a monopoly, will be finished IN
Ave months.
aWhen Gould secured an entrance
Into Pittsburg last spring the pennsyl-
vAnia railroad, which has held Pitts
burg Win 4Ae4sAAous iron and steel
tonnage, as a. sort Of Gibraltar, de-
clarcd war on the Gould interests. II
happeneA atat 4 longtime contract
between the Pennsylvania railroad
and MI. Gould's Western Union Teie-
graph company was about 20 expire.
MT. Cassatt refused TO renew the con
tract on any terms. lie at once In
stalled the Postal Telegraph, the
growing rival OF the Western union,
In every railroad station on the Penn.
sylvania system,
The Western Union sought By In
junction to prevent any interference
With its business. The answer oil
. President Cassatt was his famous Or
der on May II last, for The instant
destruction and total annihilation q
1 nearly 1000 miles of Western Union
. Telegraph poles and wires along tht
4 Pennsylvania railroad, Wreckins
crews were sent out, and IN thirty.si'
hours nearly 1900 miles Of poles, som'
of them giant masts, carrying from
q nifty to one hundred wires each. Wer'
Y rnthlessly chopped down--a destrnc
y tion of 10000 900 Of the Western I'm
ion property In a day This was tn
first overt act of'war.'
Within a month after Pre- tdent Cas-
sat- used the axe on $5tUoU.0o 2
!, property belonging TO the Westerl
Union. three Americans who are i
touch with tho financial powers Q
England met In London at The biddin
4 OF the Gould Rockefeller interests
British capitalists At that time hel
Z moro than $50. Ooo, 900 Of Pennsylvani
stocks. A few days after the arrive
q OF these three men In London n
mors were floating about that Penn
sylyania stocks were no longer tn
a. safe and sound investment they ono
IL had heen. Tho conservative Englis
a doubted tho truth of the rumors. the
10 gathered 10 discuss, and they natu
to ally asked for light o the situate
from the three Americans. The
were told that there vas a war q
~ between the Pennsylvania and otb'
y powerful interests.
The Englishmen began TO say TN
~ they did no regard President Casa
ms d safe man, basing this opinit
on the fact that the Western Unit
:, property had been devastated by b
I. express order. They further c~ritieis'
his expenditure Of such vast sums
n The engineering Improvement of Il
system. These investors told Il
4. Americans that President Cassa
must be- engineering mad Mar
OF these same men were heavily !
~tcrested In Western linton and ~
uraily this group of capitalists vi
!, easily enlisted against The presc
y, management of tho Pennsylvania
. For all this there was but n Inc
NJ table result The English holdin
!. would be thrown on the market. al
that Was the mission that took q
\. representatives Of the Rockefeller al
Gould interests across the Atlant
Before many days had passed w
On street brokers began TO get selling /,
he ders from London. and these orde
~ we're all for Pennsylvania stork q
I'M irs, few orders caused not even
N furry. hut when they began comi
~ In tens " thousands IL shares |
on alarm soon spread.
selling orders coming from Englls
I'M men who we're regarded AZ the m,
m. conservative Of investors. startled
In OF Wall street There were hurri
ne, conferences. In which President Z
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