The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1904-04-08
WESTERN ROADS
ARE ~INTERRELATED
Six Great Trunk Lines wor,
Tog.ther for Their Mutual
Benefit.
OF INTEREST
Thus Serious Disasreements Are Pro
vented Among the Large COM
= panies-MiIIions Are Involved
in This Cooperation Plan.

New York. April st is manifest
mat no one railroad interest in the
west stands alone, and that the con-
nection is growing closer. The North
ern Securities decision brought them
closer together han at any event ever
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. +. Morgan & Co.-Represented on
the board Of the Atchison, Burlington.
Northern Pacific, Great Northern, Erie.
T.. 81. observation-disclosures of Alton,
burlington, Northern Pacific, Next
can National. Northern Securities.
illinois Central, Union Pacific,
Southern Pacific and all other SO,
called Hartman lines.
James Stillman Representing
Standard Oil Observation-Disclosures Of
Union and Southern Pacific, Alton.
burlington. Northwestern, st. Paul.
A>OA lliC sSoeCuTllleS.
The Rockfellers-I. d. ,r and
William-Directors of st. Paul Mis-
souri, Pacific. Missouri, Kansas &
Texas. ~
The Mills Cd. O.. and ogden)-1n
Rock Island, Great Northern and
Slightly Interested in NORTHWESTERN.
Community of Interest"
Here is community of interest,""
in a nutshell.
The controlling interest in Union
Pacltlc, l. II. Hartman, is a director
Oh the Hui lines. and of Illinois Cen
lrai. Ihe controlling interest in ST.
Paul, Rockefeller. is represented by
unfee men on the Hartman roads.
Inc controlling interest in Atchison.
Morgan. is represented on Burlington,
Great Northern and Northern Pacific,
Inc controlling interest in Missouri
racillc' Gould, is represented on Union
Pacl1lc and all other Hartman lines.
The practical result is that though a
grain rate war has been aging around
Omaha for the past few months. the
Dig roads have uniformly kept to the
schedules in all other products and
turber.
1t happens that at this moment
mere is not n of those great rail-
ROADS or of those great railroad mag
mates that is not casting about for
a nice convenient way to raise some
money. 'o'iA
The Great Northern has notes that
come due. and has some more rail.
road to build IN the not far distant
future. Mr.. Hill would also like to,
get ms ships paid for n fairly on
their way. He thinks money invested
on the Pacific will pay rich returns.
Millions Are Needed.
Missouri pocific hoe aa..:.-
of about SIS, 200, 600, and is building
roads that will call for in all about $50
DOC. 900. Moreover, there is Western Pa
cific, which is going to cost an awful
lot of money.
ST. Paul would be much obliged for
about $3.50. 900. 900 and would start to
build a line to the Pacific coast tomor-
row if it We're quite sure about the
money.
onion Pacific wants about $40, coo, 900
to pay for some equipment bought with
borrowed money n to pay back some
of the capital used up lately in extern
sive little repairs and double tracks,
etc. II costs q lot of money to double
rack from Omaha to Ogden.
Southern Pacific could get along With
about $3.50, 600, 900 of cash, of which
about $4,000, 900 would be handy to
pay Off bonds that fall. due in 19O5-6-7.
II the rest to pay off the floating debt
and to pay for such luxuries as the
Ogden-Lucin cutoff. Also there is the
San Pedro route. which will cost the
southern Pacific in all about $50, 600. 900.
Atchison will want about sac. OOo, Oo0
only, of which s25. OOO. 900 will pay for
the north California extensions and the
rest for the Paul's valley cutoff, etc.
Rock Island wants about $40. GOO. 600
right away, and has a little bond issue
OF SlG3, Oo0, 900 recently authorized.
300 900 Involved.
Added together, the reason why all
the big interests want harmony will
aggregate about $500, 900, 600.
one western man says that II some
one came along with a billion to invest
IN western railroads they would take II
and use it all up without much trouble
Ih1s is the situation in which the
plans of the magnates have landed the
and west. Every trunk line
from the lakes and the rivers to .i.e
Pacific is closely related to every other
line. There is no ownership or
corporate connection. That is unlaw-
full; there is cooperation and respect
and mutual forbearance. The days Of
great i~nvasions, great rate wars, great |
wars of various sorts are over. These
magnates hold IN fee over So 900 miles