Omaha daily bee., 1908-08-07
TWOTRACKSORDERED
Union Pacific Prepares to Double Line
to Grand Island.
WORK MUST START AT ONCE
Hartman Calls for Construction After
Leaving Omaha.
MUCH MATERIAL NOW IN PLACE
Doubling of Line to urg May
Soon Folio
AWAIT DEFINITE Ns, IONS
Eastern Railroad Managers q I'd
over CommissiOner Cha -
interpretation of Rate
Case Decision.
Hartman Calls for Construction After
Leaving Omaha.
MUCH MATERIAL NOW IN PLACl
Doubling of Line to urg May
Soon Folio
AWAIT DEFINITE ms

r4arrtrnan's trfp across f5ebraska has
baa onc Immediate result and that Is the
order which has gone forth from the
Union Pacific headquarters TO proceed At
once with the completion OF the double
track on the main line Of the Union Pa
cific across the state Of Nebraska. The
first work 70 be completed will be the
double track from Omaha to Grand Island
and enough men will be put at work at
once to complete this work as soon as
possible Most of the rails and ties are In
place. but they have been laying on the
ground for over forty miles ever since the
orders went forth last october to stop
work.
While IL is not known at headquarters
3ust what Mr.. Hartman had to say on
the subject, & Is known that as soon as
he had finished his trip from Omaha to
Grand Island the orders were issued for
the operating department to put the second
track into condition for use. When this
work is completed the Union Pacific wiz
have l54 miles OF continuous double track
between Omaha and Grand Island. II is
the plan to have a double track from
Omaha to Julesburg, but no orders have
been received for the continuation Of this
work except east OF Grand Island.
Rate RuIinE Gives Alarm.
Eastern railroad managers are alarmed
over Commissioner Clark's Interpretation Of
the Missouri Valley rate case decision. In
this decision the Interstate Commerce COM
mission decided the rates from Chicago to
the Missouri river were too high on most
classes OF goods, and especially on dry
goods II has been explained by experts
TO the Chicago Association Of Commerce
that the decision means the announcement
by the commission OF new principle.
which will revolu.ioniEe all theories and
practices Of rate making The railroad
managers declare that the decision event
uAIly will mean the loss Of many millions
OF revenue to the railroods
Commercial associations of the larger
traffic eenters like Chicago. Pittsburg and
St Louis are fearful that when carried to
It's logical conclusion It will nnean q COM
plete revC rsal OF the commercial and In
dustriaI map OF the country. They fear II
viii mean the reduction OF some of the
commercial oehters Rnd the building up OF
others. A great change in the trend OF
commerce through the county is antiei-
pated. The shippers say they are certain OF
one thing, and that is that there win be
a stubborn fight In the courts.
No Competitor Gets G. C. w.
The Chicago Great Western Will not bC
sold 70 any competing lines or to any Other
line, according 10 the decision OF the Eng
lish committee OF the dsbenture holders
which has decided upon a plan Of reorgan
ization.
The feature OF this plan is the merging
OF the preferred ''B" and common stocl
into one class OF stock and in working ou
the arrangement 100 shares OF preferreC
''B" win be considered the equivalent o
30 shares Of the common. When the roat
went into the hands Of receivers oil
January s there was outstanding t2 l27 90
OF debenture stock. dividends on which ar,
cumulative, and other stock issues as fol
lows: Eleven million. three hundred an'
thirty-seven thousand dollars of preferred
"a" S2s, 900 preferred ''B" and 81. 90
common. The company had no outstand
ing bonds.
The English debenture holders protec
tive committee has had deposited with It
majority OF the stock and scrip outstand
ing, held largely in England and Holland
This committee has bNen working in per
feet harmony with the American debentur
holders protective committee. II was sal
today by a heavy stocknoIder that a sal
of the road is out OF the question, and tha
even II the debenture holders desired
the unfavorabie conditions that are likel
to exist for some time would cause them {
hold off II is said that a new company
70 be formed by the protective COMMITTEES
lo btIv the uroperfy