The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-09-27
RAILROAD NEWS.
Atchison Is Owned by Five Big
Systems.
Control Divided Among Roads
Sharing Its Business.
UNION Pacific BUYS.
Other Holders Rock Island, ST.
Paul, Mo. Pac., Pennsylvania.
Gossip and Matters OF Interest
in Railroad Circles

New York. Sept. 27.-Five different
railroad systems now have a stock
holding interest in the Atchison. To-
peka Santa Fe railroad.
The purchase of between 100000
and 100000 shares of Atchison stock
for the Union Pacific practically fol-
lows a similar accumulation of Atchi-
son stock for the benfiet of the Chi
cago, Milwaukee & St. Paul.
Within the last six months brokers
acting for William Rockefeller have
bought about 100000 shares of Atchi-
son, presumably in the interest of st.
Paul, which may make an arrange
ment with Atchison for an outlet in
stead of building a new line.
Pennsylvania Railroad interests
have held a large block of Atchison
stock for a long time and E. ]. Ber-
wind represents these interests in the
Atchison board.
The Rock Island bought a large
amount of Atchison stock about the
time that the St. Louis & San Fran
cisco purchase was made. The last
named road was formerly part of the
AtchiSOn system, and when the Rock
Island people bought the Frisco they
thought best to protect the latter'S
Pacific coast traffic by buying in the
Atkinson.
Control of Rock Island.
1t is currently reported in Wall
street that about $25,OO0,000 of Rock
lish capitalists not long ago to offset
the Atchison purchase. The control of
Rock Island lies in the preferred stock.
The following table shows the ap-
portiOnment of Atchison stock among
the other big western railroads:
Owner. Shares.
Pennsylvania Railroad ............. 40. coo
Rock Island 350,OOO
St Paul ACKNOWLEDGEMENTS. $50. o06
Union Pacific ACKNOWLEDGEMENTS. 100000
Missouri Pacific Observation-Disclosures. $50, 600
Total 49,. .........................1.5 $50, 900
There are 2.16o,OOO shares of Atchison
stock, common and preferred, so that it
will be seen that a majority of this
stock is owned by Interests identified
with connecting and rival roads. In no
case is Atchison stock owned by the
railroad companies themselves.
George J. Gould personally and the
hold the stock which was
bought to protect the interests of the
Missouri Pacific.
The Rockefellers it is believed, have
bought at one time and another 100000
shares of Atchison. Atchison now bears
the same relation to the other western
roads that the Lehigh Valley bears to
Morgan had obtained control of the Lee
high he distributed a large proportion
of it's stock among five other trunk
lines. In this way a majority of the
railroads operating in a certain terri
tory are enabled to control the entire
traffic situation. and preserve not only
harmony, but stability of rates.
STATEMENT TO COME.
A statement will shortly be made on
this subject in it's bearing on Union
Pacific interests. Some of the leading
men directly interested in this matter
were in conference yesterday. One CT
their associates, a well-known banker,
said:
1.-The uncertainty about the crops is
now at an end, and it will not be long
before you will see a large part of the
railroad map of the country recon-
structed. 1t will then no longer be pos
sible to say this or that interest is fight
ing some other interest and causing
loss to untold thousands of stockholders
whose money is invested in railroad Sc
curities.
You will see a community of interest
in certain properties which up to this
time has only been dreamed of-except
by few.
What the control of Atchison means
to the Union Pacific and st. Paul rail-
roads ought to be obvious to any per-
son familiar with the railroad territory
covered by those properties, and it
ought not to be necessary to say any,
thing more. Atchison will no longer be
a thorn in the flesh of the Union Pa