The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1904-10-20
STANDARD OIL RAILROADS.
66,460'
Grand Total. .66,

New York, OcS. 17.-Wall street is,
watching with close interest changes
In the directorates of the various trunk
lines, because it believes they fore
shadow the complete as~cendency of the
Standard Oil interests in most of the
important railroad systems Of the
country and the elimination, to a great
extent, of the traditional owe of the
Vanderbilt-Morgan party.
Within the last three years the
Rockefellers have gradually obtained
a foothold in the New York Central.
New York, New Haven and Hartford,
Chicago and Northwestern and other
lines usually known as Vanderbilt
Morgan railroads. They now control
St. Paul, and, allied with George Gould,
they control the Missouri Pacific. Wa
bash. Denver and Rio Grande, Rio
Grande Western and Western Mary
land. They recently acquired 240,0 900
shares in the Atchison. Topeka and
Santa Fe from Kuhn, Loeb & Co, and
yesterday they were given additional
representation In the Union Pacific
board.
That Standard Oil interests are back
ing the Rock Island has been suspected
for a long time, and more strongly
thar ever since the coup by which the
Moores took control of the Alton from
Hartman.
Reaching Out Everywhere.
Within ten years, practically, Stand
ard Oil wealth has distributed itself
over the entire railroad system Of the
country. 1t Is known that John D.
Rockefeller became a very heavy hold
er in Pennsylvania when the last new
stock issue was put out, and the stat1s-
tics Of the Pennsylvania company now
show that within the last year the con-
trolling interest has passed from the
state Of Pennsylvania, where 1t had
rested for fifty years, to New YORK
state, which Is the repository Of the
Standard Oil millions.
Wal street men predict that within
another ten years, If their power anc
wealth increase in the same ratio as
they nave in the past ten, all the rail
roads Of the country of any import
ance, as we'll as all the gas companies
and electric companies Of the grea'
cities, will be under the control of JONI
D, Rockefeller, William Rockefeller ant
Henry Fl. Rogers.
The great steel industries have com
under their domination within a yea
and banks Of New York city which con
troll over 81, 900, 900, 600 Of deposits are al
ready under their control: They ca
use this vast SUM almost at their WI
I to make and unmake values In tn
\ stock market.
: See End Of Depew.
Their methods of doing business ar
. soon to be introduced into the Ne'
: York Central railway. One Of the mos
important changes Of which Wa
q street hears Is to be the retirement {
senator Depew, who since the days {
= Commodore Vanderbilt has alwa5
y been an important influence IN the COZ
duct Of Vanderbilt lines. Mr.: DepeV
1t Is said, has not been informed "
:. of the proposed change.
The Cornelius Vanderbilt interest he
- always been behind Senator Depe'
:, William K. Vanderbilt has not bee
=, so friendly, and it is believed he w.
" give his consent to the propose
% change and will be an ally Of the Roc
e~fellers.
> Wall street disoredits the report tn
r, f. Loree, who recently resigned
president Of the Rock Island compan
Is to succeed w. H; Newman as pre-:
Sent of the New York Central.
~ The retirement of Depew as cha1
man of the New ork Central Is II
an improbability, railroad men say.
S., Is believed that an active railroad m
will succeed to the craftsmanship a
al President Newman's name has be
~ most often heard in connection Wi
the charge.
81 There are rumors In Wall street tn
"a Standard Oil has determined to fol
= a compromise in the Northern Secu
al ties suit by the terms Of which Mort
- ern Pacific is to come under the sphe
n7 Of influence Jointly Of Union a