The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-07-12
NEW RAILwAY SYSTEM.
United States Mortgage & Trust Com
pany Financed Merger.


tons for the merger of the Cincinnati,
Hamilton and Dayton, the Pere Mar
quette and the Chicago, Cincinnati
and Louisville companies, gives out
the following:
Common interests in New York,
Boston, Philadelphia, Cincinnati, st.
| Louis, Toledo and Detroit have ac-
quired a controlling interest," in the
Cincinnati, Hamilton and Dayton, the
Pere Marquette and the Chicago, Gin
| cinnat and Louisville and will merge
the properties In order to provide a
| connection between the Cincinnati,
Hamilton and Dayton and the Pere
Marquette at Toledo they have also
/ secured traffic rights and the use of
/ terminal facilities in perpetuity over
| the tracks of the Toledo Terminal and
Railway company. which is the prin-
cipal physical connection between the
! two properties.
crate about 1000 miles the capitalize
ton will be approximately $4,000, 900
in stocks and 100000 900 in bonds.
THE earnings of the three roads
year Appropriated $21,O0O,00O. With
the traffic of one given to the other
the earnings promise to exceed $24,-
/ 100000.
"The above mileage does not take
into account the half interest in the
Queen and Crescent road, owned by
the Cincinnati, Hamilton and Dayton"
The following gentlemen form. the
new board of directors of the c., H.
and D.: Eugene Zimmerman, Cincin-
natl; H. F. Shoemaker. New York;
G. M. Cumming, New York; Rudolph
Kleybolte, Cincinnati; Attorney Brad
ley w Palmer, Boston; J. J. Robin
son, Toledo; A. V. Pierce, ST. Louis a
brother of President Lawrence Pierce,
of St Louis Commonwealth Trust
company; Senator J. B. Foraker, Gin
cinnati; Eben Richards, New York,
Vice President; of the Mexican Cen
art;l James Philphots, Boston; At
torney Lawrence Maxwell, jr.; Gin
cinnati; and NJ. D. Woodford, Gin
cinnati.
1t appears in real fact that the c.,
H. and d. has not acquired the Pere
Marquette, but that a number of gem
tlemen, some of whom are largely in
terested in the above mentioned road,
have formed a syndicate in connection
with a number of large C., H and d.
operate the c.. H. and D., Pere Mar
quette and the c., C. and L. rail-
roads under the title of the Cincin-
natl, Hamilton and Dayton railroad
president, and G. NJ. Cumming, vice |
president and general manager with |
headquarters of the entire system at
this city.
c., c. and l.. Used Club.
AS light is being thrown on the |
inside workings of this deal which has |
given birth to another great American |
railroad system there are many in
teresting points which have heretofore |
been kept secret. 1t appears that the /
gentlemen who brought about this |
deal have planned this move for three
or four years They planned the |
building of the c.. c. and L. and this
road was practically in the possess
sion of the Pere Marquette. The c.,
c. and L. was used then as a lever
to force the large holders of the c.,
H and d. to enter into this deal just |
closed. There were many conferences
and several times it looked as if the
negotiations would be dropped.
The c., H. and D. folks remained
loyal to their property to the last.
They demanded as part of the deal
if they entered into it that the c., H.
and D. would retain its name and that
the operation of the entire system
should be under that name. The C.,
H and ID. contingent were inSistent on
this, and as it was impossible to carry
out the deal without them the other
members of the syndicate agreed to
those terms.
1t is stated that besides the s25,-
100000 refunding mortgage bonds in
the entire property the common stock
of the c., H and D. is to be increased
several millions There will also be
deposited in the new syndicate about
$4,000 shares of the C.. H. and D.
stock and 10000 shares of the Pere
Leading Interests Concerned.
The leading interests in the deal.
the management of the property. are
George w. Young. president of the
United States Mortgage and Trust
company; Dumont Clark, president of
the american Exchange bank; V. P.
Snyder, president of the National
bankt George H. Norman, chairman
OF the Pere Marquette, and L. B.
Pierce, president of the Common
wealth Trust company.
The new secretary of the c.. H. and
ID. Will be Mr.. f. r. Wilson, formerly
OF the Pere Marquette, succeeding
Frederick H. Short. Mr.. Short has
been in the service of the c. H. and
ID. company since 1852. He has filled
the ONCE of secretary since 1857, ex-
cepting during three years when he
was president of the company. Mr.
Snort is 20 years of age. He was Sc
rlous!y Ill for several months, but is
now in good health again.
me new vice president, Mr.. G. M.
cumming. has announced his inten-
uon OF making his residence and head
quarters in Cincinnati.
Bogus Detective at the Fair.
New Haven, Conn.,, July 12.-It
came out in court today that David
Lambert who was arrested for OBJ
tanning money from the New York
ana New Haven railroad as a private
detective. who claimed to have cIews
concerning the theft of large num-
per of tickets from the road, spent
$fOO While in st. Louis chasing up a
rake clew- He told the officials that
ne was sure the guilty parties were