Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-02-02

stock that might have been very diff
cult to obtain otherwise.
COAL STRIKE THE CAUSE.
Had It not been for the great coal
strike in Colorado the syndicate might
never have conceived the Idea of get
ting hold OF this road. The great de-
cline, coupled with the fact that the
voting trust was willing to step out
when the time came, opened the way to
an accumulation Of stocks that would
amount to a control. A clear control
without a voting trust in the way was
essential to the carrying out of the
plan, and this was obtalnable Mt low
prices as result Of the great coal
strike. Mr.. Edwin Hawey, =. f. Yoa-
KUN. and others, are the moving spirits
In the enterprise. They are I'm entire
harmony with the voting trustees and
with Hallgarten & Co., fiscal agents
of the Colorado e. Southern.
The entire deal, as yet quite incom-
plete, is a reproduction of the Alton
deal, with the expection that there Is no
Kuhn Loeb & Co. to oppose It, The
road Is not stolen from powerful rival,
but is merely gathered In from scat
tered stockholders, who are glad
enough to get rid OF It, on the terms
offered Heavy private sales Of the
securities were made at the time the
preferred dividend was cut. As re-
suit this stock, which sold down near
90 when II was a per cent Issue, Is
now selling around go, without a divl-
dend There are only few thousand
shares Of It left ahoat. The shares
bought are held in n great number Of
names so that no one can say who
owns It. The number OF shareholders
is not vlsibly reduced, Like Alton, 1t
Is largely I'm the names OF brokers.
INTENTIONS OF ROCK ISLAND.
What does the Rock Island intend to
do with all these lines when the whole
affair Is cleared up and The control
OF half the railroads In Colorado Is I'm
the Rock Island treasury? This is the
question around the Wall street Of
Z fees The answer is to be found in
the names Of the men who pass on the
plans of Western Pacific. 1t Is not
generally known that the executive
board Of the Western Pacific Construc-
ton company Is In New York. II has
occasional meetings. one of It's big
gest members represents the Gouds, Ia
an experienced railroad engineer, and
speaks with authority in these meet
ings. Another Of the members is a
director Of Colorado g. Southern. Still
another is a director Of Rock Island.
This last named member speaks as
private capitalist, and at all times
makes Il clear that he has no con-
nection with Rock Island, so far as
his membership of this syndicate Is
concerned, For n private gentleman
OF capital his voice is influential In
this community.
OGDEN GATEWAY,
Here Is the secret Of this gathering
I'm OF the Colorado lines, The Ogden
gateway will, In about five years, super
ccde the right OF way over Southern
Pacific through the El Paso gateway
now the sole reliance OF Rock Island
for California traiiic. That 10 II the plans
Of the promoters are successful They
are figuring on the progress of Rock
Island The sole connection of the Rock
Island at present appears to be kind
OF promise that II the conditions are
all right the company viii 20 into
Western Pacific when the time comes,
Meantime Western Pacific Is proceed
ing on Specifications that viii suit the
Rock Island when the psychological
moment arrives,
WESTERN PACIFIC.
Naturally, and correctly, the Rock
Island denies all connection with West
ern Pacific. ~ corporation IL has
none. II Is I'm close alliance with
Southern Pacific, and for FIVE years II
will remain so. Not q dollar Of Rock
Island company money IL going into
the Western Pacific, Not n dollar OF
Western Pacific liability Is assumed by
Rock Island, The underwriting OF the
$50, 000,0O bonds for Western Pacific Is
TO be accomplished without any cues
ton asked OF Rock Island.
HARTMAN AND MOFFAT.
This answers also the question of
why Union Pacific took its option on
the Moffatt line. Every ton OF freight
carried 10 the Pacific ocean by Western
Pacific win be taken from the Hartman
railroads. Every ton Of westbound
freight that leaves Denver for the
Pacific ocean now travels via Harri-
man railroads and VIII continue TO do
so when the San Pedro Is In commits
sion, this also being a Hartman rail-
road The san Pedro is practically
the old Utah Northern completed
through TO the sea. Clark Is strong
Hartman ally. George Gould bid for
the San Pedro Route but was outbid
by the Hartman forces, backed by
Standard on IN the person OF James
Stillman. president OF the National City
bank In revenge he backs the West
ern Pacific. when this line Is COM
pleted II will take from the Central
Pacific all the traffic now turned over
TO Hartman at Salt Lake, originating