The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1906-08-25
ROIhO0d News


IL can be- authoritstively stated that
control Of the Chicago. Milwaukee, &
St Paul has passed into the hands of
f. H. Hartman via the Southern
Pacific Railroad company which is
controlled by the Union Pacific Rail
road company. the main Hartman
concern says the Minneapolis Journal
Rumor to the effect that Hartman
sought 10 own the Milwaukee property
has been heard on various occasions II
late, but not until Saturday could II he
learned from competent authority
there was good foundation for the re-
port.
II is now known that a deal has been I
practically consummated by which |
Southern Pacific viii take over enough |
Milwaukee stock 70 insure control I
The terms on which il was secured are
not positively known. but they are be- /
lieved to consist OF an exchange Of
Southern Pacific preferred stock, share
for share. and 800 per share cash for
Milwaukee Whether the offer Of ex
change will be extended 60 all the
Milwaukee stockholders cannot be a.
certained
II is reported that TIA, contract for
the St Paul extension from Ontonagon
has been awarded to Marsh, Of Iron
Mountain Six car loaas Of ties were
believed there Thursday for the new
line and il is expected that work will
soon be started.
CAN CONTRACT ADVERTISING /
The Transcontinental Passenger as
ISOLATION met in Chicago last week 70
discuss what course the railways shall
take in reference 20 the reduced rates |
in order to conform to the new rate
law
The roads were inclined for awhile /
TO think that they would have to quit
issuing transportation To newspapers,
but the view now seems 10 be- that the
law will not prevent them entering into
contracts to give definite amounts of
transportation for advertising of equal
cash value.
One of the questions which has been
troubling the railroads relates TO re
duced rates for officers in the regular
army. When the government transfers
an officer from one post to another it
pays his railway fare Most army
&
the move is long one the expenses
are big. Ii has been the custom ia the
past for special rates TO be made for
officers families. and this custom may
be continued in the future.
CAR SHORTAGE IMMINENT.
With a total of approximately 30 900
freight ears each, the North Western
and Milwaukee roads are carefully
boarding mp their freight rolling stock
in preparation for the expected tire
mendous movement of western grain.
All reports 90 TO show that the crops |
in the west end northwest this year
are the largest, by many millions of /
bushels in the history Of the country.
and on early movement TO the markets /
is anticipated Always a big question
Of transportation. the roads are prepar-
ing to do their best in moving these
monster crops as fast as offered. Every |
ear that can be spared from other
traffic service is now being collected |
and held in reserve, and many Of the
90, 600 cars of the two roads will be in
active service during September. Oct |
ober, November and December in NOV
ing the crops
The general ruu Of freight is at pre-
sent unusually heavy. and. together,
the roads will be taxed 20 their utmost
to handle the business this fall and |
early winter