Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1904-04-07
WESTERN ROADS
ARE INTERRELATED
Six Great Trunk Lines Work
Together for Their Mutual
Benefit.
COMMUNITY OF INTEREST
Thus Serious Disasreements Are Pre-.
vented Among the Large Com
panies-Millions Are Involved
in This Cooperation Plan.

New York, April Sit is manifest
that no one railroad interest in the
west stands alone, and that the con-
nection is growing closer. The North
ern Securities decision brought them
did before.
How closely interrelated these great
interests are in the direction and con-
troll of practically all lines In the west
is set forth as follows.
George Gould-Director of the Mis-
souri, Pacific. Union Pacific, Southern
Pacific. Alton, Oregon Short Line,
Missouri. Kansas and Texas. Mexican
National. Kansas City Southern
j. L. Morgan & Co.--Itepresented on
the board of the Atchison, Burlington,
Northern Pacific, Great Northern, Erie.
H. IA. NEUTRALITY-SUSPICIOUS. OF Alton,
Burlington, Northern Pacific, Next
can National Northern Securities,
Illinois Central, Union Pacific,
Southern Pacific and all other 80
called Hartman lines.
James Stillman Representing
Standard OH Interests)-Dir of
Union and Southern Pacific, Alton,
Burlington. North Western, st. Paul,
Northern Securities
The Isockfcllcrs-(J. d., jr., and
Nilliam-Directors of St Paul, Mis-
nonri Pacific. Missouri, Kansas &
Texas.
The Mills CD. o. and ogden)-In
Rock Island. Great Northern and
slightly interested in North Western.
Community Of Interest,"
lteHc is community of Interest,"
In a nutshell.
The controlling interest In Union
Pacific. H. III. Hartman, is a director
of the Hin lines and of Illinois Cen
tfal The controlling interest in st.
iaul Rockefeller. is represented by
lllFee men on the Hartman roads.
The controlling interest in Atchison.
Morgan. is represented on Burlington,
Great Northern and Northern Pacific.
The controlling interest in Missouri
iacil!c, Gould. is represented on Union
Pacific and all other Hartman lines
The practical result is that though a
traln rate war has been raging around
omaha for the past few months. the
big roads have uniformly kept to the
schedules IN all other products and
have stood together against the dis
turber
1t happens that at this moment
there is not one of those great rail-
roads or of those great railroad mag
mates that is not casting about for
4 nice convenient way to raise some
money.
The Great Northern has notes that
come due. and has some more rail-
road to build i'm the not far distant
future Mr.. Hill would also like to
get his ships paid for and fairly on
tfeir way. He thinks money invested
ON the Paeitic win pay rich returns.
Millions re Needed
Missouri Paciiic hiss {. floating debt
of about s15.0oo.ooo, and is building
roads that Will c4ll for In all about s5a.-
500 coo. Moreover there is Western Pa
citc. which is going TO est an awful
lot of money.
ST Paul would be much obliged for
about sl5oOoo.oGa and would start to
build line to the Pacific coast tomor-
row if ii We're quite sure about the
money.
Union Pacinc wants about $40, 600. 900
to pay for some equipment bought with
borrowed money and to pay back some
of the capital used up lately in extern
size little repals and double tracks,
etc. II costs q lot of money to double
track from Omaha to Ogden
Southern Pacific could get along with
about $l5e000.0oo of cash, of which
about $50, 100000 would be handy to
pay off bonds that fall due in 1905-6-7
and the rest TO ray off the floating debt
and ia pay for such luxures as the
ogden l,uein cutoff. Also there is the
San Pedro route. which will cost the
Southern Iaciiis in all about $4,000. 900
Al"hison Will want about $4,000. 600
only oil which sa5.o0oGoo win pay for
lle north California extensions and the
rest for th" Pauls valley cutoff, etc
Rock Island wants about $50 600, 600
right away and has a little bond issue
of SlN3, eco recently authorized
$4oo,ooo,0oo Involved.
Added together, the reason why all
tho big interests want harmony will
aggregate about $400,000,0 600.
One western man says that IL some
one came along with q billion to invest
In western railroads they would take 1t
and use 1t all up without much trouble.
This is the situation in which the
plans of the magnates have landed the
northwest and west. Every trunk line
from the lakes and the rivers to the
Pacific is closely related to every other
trunk line. There Is no ownership or
corporate connection. That is unlaw-
ful there is cooperation and respect
and mutual forbearance. The days of
great invasions. great rate wars, great
wars of various sorts are over. These
magnates hold IN fee over $4,000 miles
oi trunk line. And they al! Operate.
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