New-York tribune., 1908-12-22
BURLINGTON GETS LINE
RUYS COLORADO ROAD.
Purchase By C., B. s Q. GiUcs Hill
System Entrance to GuIf.

Tn. acquisition OF the Colorado s Southern Rail-
- Company by the Chicago. Burlington & Quincy
psT-oss Company. reports OF which have been in
'--.la-ioa lately. officially confirmed yester-
g. morning and the directors OF the latter road
-s+,Hod the purchase No details OF the transac-
- zrere made public further than that it a
.r deal and affected only the majority holdings
= .,e common stock amounting 20 about 75 per
=. n, ire 81 oa0eao outstanding This means that
,xfr1atoly z3 go COO in cash Will be turned over
- the majority interests who sold their holdings
= .re Burlington.
rsus7 HawIey was the largest stockholder Of
-. colorado & Southern. and he and his associ-
- have had control OF the road since the spring
- -eaa Their holdings have been transferred 10
= E-rTf1Eton Whether not the minority in
.-.s+s VII have opportunity to dispose OF their
<,s--rs m the same basis the majority stock
zrss-s could not be learned euthoritattvely yes
80 but e is understood that II will be the
- - the Burlington management to allow
-, - DO So No official statement Of the price
- sf,-sr, interests received for their stock was
<-.hco-nirg but IL is believed TO have been on
- hssfs of % The stock closed yesterday at IS,
re sane 1gure SIS On Saturday
~ EaxIey IN speaking OF the transfer Of con-
= - -he Colorado & Southern yesterday, said
- +bA basis Of the deal was the common stock,
-. 80 .rs harrington had not acquired either
-x :. preferred stock. and that he still retained
rs holdings Ct the latter
s IN GOOD CONDITION.
+ -. -o1o-ado & Southern lines IN snug shape
q. eve-v respect he said Il have held contnu-
-s1v fo- seven years q very considerable interest
IN them ....- -,
.-zas ~ business in the mining states and a
-. -z7ic but the lines have been expanded In
o7se-vati-e way in strategic situations. and they
,-a = growing country, so have always mad
fsith n them ,., A.
--,hvr has given his undivided attention. are
Lor- -s- times what they were the first year OF
his -eoeive-ship-
- he standpoint OF all classes Of Colorado
.. s,--bs-n security holders, and OF every com
-s+,y along The line as well from the stand
-os-t ~ rs many employees. there could not have
Scr 8 better purchaser than the Burlington par
.1s-r,- because the two systems are SO favoraoiy
si-rs-ei toward each other
- T7rr7buu. president Of the Colorado &
s,r+ne-n said the sale Of the property Wes one OF
.ose agreeable transactions that are good for both
,s-fes Ele declared that the road would De run
= sn independent line. and that the change OF
control -ouId not n any way affect the joint re
1s-,7-s which have existed for several years be-
.zee- tAe Colorado & Southern and the Rock ISL
snd with respect TO the Trinity & Brazos Valley
Ire sd between the Colorado & Southern and
n-1vs- & Rio Grande Railroad with respect to the
colo-zdo Midland line
BENEFITS TO BOTH ROADS.
= -szt=7E ~ the benefit that would accrue TO
betA roads as a result ot the new arrangement
". Tru--bCI said
D1. vi rake the Burlington and afaiated lines
N .zce,e-r terminals Galveston. which place is
q TIE longitude Of Kansas City. and has the addi-
rtons- zsrsntage of being tide water.
AZ ore stroke Colorado & Southern credit IS fur
ther improved and It Is therefore advantageous
70 g. classes of present security holders This Of
tss'. VII help every community on the Colorado &
southe-r lines from Wyoming to the Gulf OF
Mexico and they viii derive further advantages
trom the new possibilities fo- exchange OF COM
ue-Ce.
a--he chairman of our board, General Grenvills
L Dodge. who built the Union Pacific Texas
Pacific part Of Cle Colorado & Southern and
o-her lines has long time favored north and
south line along the Eastern base OF the Rocky
Mountains o. from Canada The affiliations which
Icis srraaEe-nent tnsures can greatly aid the de-
veiopne-t O.: the whole Rocky Mountain region;
also q Texas The growth OF which is simply well
beEUu-
aI have ,ust completed fifteen years with the
r-ops--v first as receiver and afterVvard as presi
de-t and look forward with satisfaction 70 an early
Temporary retirement from active business
T-1 regard 70 his retirement from the presi-
de-cv ct the Colorado & Southern MI TrUmbuA
said t-zt Re expected 10 step ont as soon as he
oou6 properly do 50 after the transfer Of the prop
e-y 70 tae 1eE interests He added that he had
70 t5es who MS successor would BE. and that ne
hzt made plans for the future
= STEVENS NAY HEAD LINE
= vzs ---rno-ed in railroad circles that John F.
ste-e-s who IS now vice-president Of the New
York cew Haven & Hartford Railroad Company
would succeed Mr.. Trumbun. Color was lent 10
tbs -=-ort from the fact that Mr. Stevens. before
Re went 70 Panama 70 take charge OF the building
Of tAe canal was chief engineer Of the Great
Norr1e-- one OF the Hi properties, and is under
s-oo6 20 b OF very friendly terms with J. ) HILL
who with MS associates also controls the Burling-
Ton.
Il vas said yesterday that the purchase OF the
Colo~a5o & Southern by the Burlington would not
cauze he latter TO enter the market for new
funds Is Il had plenty Of cash available 10 carry
the dezl through George B. Harris PRESIDENT OF
ths C1tcazo Burlington 8, Quincy, issued a state
rsrt 70 ths effect that the employees Of the CooIaCo
d So -he-u need not worry about tnelr POSITIONS
Is -ez-r OF the change Of control. as there Wo0Io
be 10 changes In the working Staf1
L usz pointed out that the purchase practoa4ls
Eves lle EIu system an air line from Fusel 0O---u
70 rr= G--r Of Mexico L gives the burlington eH
trance ~ Pueblo, Col, which IS one OF Ihe 81
por-s7r points IN that state the road has not SeI
reached and further. the roads being coIrpIenen
;sr 81. <o5rovrs that the interchange Of trafnc VIII
be Ercs--v stimulated from their union