The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1904-11-17
Y, ,bVV.
Total capitalization, $l4,S62, 900, 600.
Western Railways--

Chicdgo, Nov. 16.-Details are work
ing out rapidly FOR the formation of the
gigantic railroad trust beside which all
the other great trusts heretofore or
ganiZed in this country dwindle into
insignlf1cance. A dozen eastern finan-
ciers headed by the Standard Oil in
terests with their unlimited wealth eN-
pect TO control the entire railroad sys-
TEN in the country and prevent compe-
tition among the various roads.
The plan is TO divide the railroads of
the country into a few groups or sys-
TENS, each one of which is to own a
substantial interest in the stocks and
securities of every other big group or
system, n all to have representation
on each others board of directors.
10000 Miles of Road.
The dozen tinanciers, all represented
or the boards of the various roads,
will control, from present appearances,
more than 16o, 900 miles of railroads,
including every important trunk line
in the country, representing a capital
iaztion of about 5000 million dollars in
stocks and bonds. They Will see to it
that the a are managed as econom-
ically as possible and the rates kept
up to as high a figure as the traffic
will bear in order to secure all the rev.
enue necessary to pay good dividends
on the enormous capitalization.
The r~ecouping OF systems, which has
been going OR for some time, has not
yet been completed, but from present
indications the western roads will be
divided into about six systems. the
eastern into three or four, with the
southern and New England lines form
ing a separate system each The west
ern systems or groups probably will
be as follows:
Stocks, bonds
systems. Mileage. and debts.
Hartman, including I'LL
no!s Central ....... %, 290 81, 234. 600, 600
Gould. including Wabash.14,7 700 G47, 900, coo
Hill. including B~urling-
Rock Island, Frisco
santa SMaoT Fe and allied lines s s,7ss s95 ,SS S "S
Rockefeller. Milwaukee
& st. Paul, etc........,.11, 265 100000 eco
Totals. 90. 104 81, 495, 900, GOO
The eastern systems probably viii be as
follows:
Vanderbilt ..............,. 20. 493 81 LAT, 500, 600
Erie, Pere Marquette, c.
H. & Observation-Disclosures. 1852 Ala, 600, 600
Totals...............45 As, 583 $3.063, 100000
The southern railroads are all con-
trolled by J. p. Morgan, except the
Illinois Central, which is classed with
the Hartman system. The mileage of
Morgan's Southern railway system is
1879 miles, with a capitalization of
S297. 500, 900.
Gould's Big Ambitions.
The plans of the Gould interests are
known to be most ambitious. 1t is be-
lieVed to be their intention to con-
struct or establish Il transcontinental
line stretching from the Atlantic to the
Pacific. Through the acquisition of the
Wheeling & LAX Erie, West Virginia
Central and Western Maryland, with
the construction of some new mileage,
the eastern terminus of the Gould sys-
tenn practically has been moved to the
Atlantic seaboard. Through the .ac-
QUESTION of the Denver e Rio Grande
and the Rio Grande western, the west
ern terminus has been advanced to Salt
Lake City. Arrangements have been
made lately for the construction of a
new road to be known as the Western
Pacific, In which the Goulds are largely
interested, and which is expected to
furnish them with the desired outlet
from Salt Lake City to San Francisco.
The Western Pacific, If carried to COM
pletion will become a direct rival of
the Southern Pacific as a trunk line to
the Pacific coast. The capitalization
of the Western Pacific is as follows:
Stock (paid up, 81, 500, 000l .......... $50, 900, 600
Bonds Cougar. 5 per cent)...... $1,000 600