The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1904-10-06
NEW MERGER PLANS.
report is Current That Greater Com
blnes Than Ever Are Beinq
Orasnized

belllhgham, Wash, Oct. 3.-The
Rockefeller interests are declared tc
nave secured an option on the estate OF
the late +. B. Cornwall, and if the re-
port Is true the Bellingham Bay and
brltlsh Columbia railway may fall into
the hands of the Chicago, Milwaukee,
d st. Paul! railway, as an outlet to
the coast.
Chicago, Oct. 9.-There is q report
IN financial and railroad circles that a
pian for the settlement of the North
ern Securities litigation has been
agreed upon. Financial and railroad
circles in Chicago, New York and he
entire western country as well were
startled today by the preliminary an
nouncenent Of the proposed plan. The
report is that the first move will be a
harmonious ending of the Northern Sc
CURES litigation, the merger will be
dissolved and the property distributed
in a manner satisfactory to the federal
authorltles who prosecuted the case,
n at the same time satisfactory to
the big interests behind it. This meth
cd is said to be as follows:
Inc Union Pacific observation-disclosures
feiler) to take the Chicago. Burlington
aud Quincy, now a part of Northern
Securities.
The Great Northern, also q part Of
LIZ WI SECURITIES company, 10
be retained intact by James J. Hill,
its founder and builder.
The Chicago, Milwaukee and st. Paul
(Rockefeller) to take the Northern Pa
cltlc and thus gain a through line to
the Pacific coast, which it has long
desired.
In addition to these moves, which
friendly relations, the community Of
interests will provide an eastern outlet
for the Atchison deal, in which it is be-
Deved the Pennsylvania. New York
Central and others IN the east figure,
as we'll as Morgan and Hill. The lat
ter are strong in Erie and the PROPOSE
ton to make the Atchison and Erie a
Is said to be for the mutual benefit Of
all.
No Official Confirmation.
up to date there has been TO definite
confirmation of the report, but the story
as it has been circulated already has
Widespread attention and the keenest
iSterest is evinced. The basis of the re-
held in New York. These are attended
James j. Hill. Z. H. Hartman, J.
ilerpont Morgan, a. j. Clssett. L. ].
and others of the leading rail-
O map makers of the nation. From
sources usually well informed on the
- Vi iiTN lhISleSAS TIE SlDIS came |
today, but entirely In the form of rum
ors. The JUNIORS however, We're suf-
flcient to induce general buying Of the
securities affected by the reported COM
binations.
The sharp advance in Northern Sc
cuTlties shares, following similar rapid
and substantial advances in the prices
Of Union Pacific, Atchison, Erie and
st. Paul, all within a short time, due
TO heavy accumulation of these shares
by important banking interests, are
taken by brokers TO indicate the con-
summation of some such deal, but they
do not undertake to either confirm or
deny the details.
The Northern Securities Company.
The Northern Securities company
was organized in November, 1901, for
the purpose OF controlling the Union
Pacific, Great Northern and burlington
Its proposed capital was
$500, 900, 900 and its purpose was to
control 24,73l miles OF railroad, with
a total capitalization Of $1.270. 900, 900,
The merger was opposed by the federal
government and a decision declaring il
illegal was rendered by the United
States supreme court in March of tho
present year.
The efforts to reach a settlement is
said to have in addition to the lines in
cluded in the original merger, taken in
the great Santa Fe system and the
necessary lines to give the Santa Fe an
outlet to the coast; and the Chicago,
Milwaukee & st. Paul system. The
Santa Fe has a mileage OF 5,o31 miles,
the Milwaukee, 1850 miles, n the
Union Pacific $3.50, the Northern Pa
clhc, 5,64G. The Great Northern 5.4lS,
the Burlington Sill; a total OF 1900
miles.