New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-01-01

or Its blast furnace capacitv !, tho ,.s
u depression. Another fnterest;,sr sa,
Lon Oh the forward movement nnderv,,,
inc country's Industries is supplied h,,
increase In the new COMBINATIONS
ned' the number registered in New York
anu new Jersey showing gain In 1909
VI A,so" over 1903. In 1899 there were = s71
lew industrial corporations established IN
me Two states named against aunrox,
nately 9ooo in 1909
Inc railroads of the United States
steadily gained In business throughout
1le last year, and the traffic now being
onered means large orders for new loco
.i'o'iVes and cars, with a resultant quick
ehlns OF many industries Earnings are
now running in excess OF former periods
OF active business and large sums are go
ing into hetterment and Improvement ac-
count, while new construction under way
is willingly financed by banking concerns
that two years ago would lend money
10 the railroads only on short term notes
at exorbitant costs. The beginning of the
last summer saw completion of the Chi
caso, Milwaukee & st. Pauls Pacific
Coast extension, and ninety days later the
Gouids' Western Pacific, running from
salt Lake CITY west to the Coast, was
about ready to handle traffic Far up in
the North the new Grand Trunk Pacific.
IN many respects the most remarkable
railroad project ever undertaken. has
pushed its lines far into the West The
Canadian Pacific, in order to present eff
fective competition, has bought the Wis
consin Central; the Hartman lines are
moving further into Mexico and the Kan
sas City, Mexico & orient is gradually
approaching its completion from Kansas
~
fornia The Virginian Railway, the crea-
ton Of the late H. H. Rogers, running
from Deepyater, W. Va, to Sewells Point,
on Hampton Roads, was opened for traf-
nc last April. Several railroad systems
changed control In the year: and Edwin
Hawley became a leading figure in the
railroad situation in the United States by
his purchase of the Chesapeake & Ohio and
the Chicago, Cincinnati e. Louisville and
his practical acquisition of the Missouri,
Kansas & Texas, which, with other roads
controlled and through his alliance with
Rock Island interests and his working
agreement with the Kansas City, Mexico
g. Orient. gives him a chain of roads ex-
tending from Newport News on the At
iantic seaboard. to Chicago. and as far
West as the Dakotas, to the Gulf and
into Mexico. That Mr.. Hawley has his
D,inC SET upon a COdSL-JO-COdSl cySlCA4
is beyond a shadow of doubt.
The death of Mr.. Hartman has not been
followed by a change in the makeup Of
the Hartman system, and there is no in
dication that it will be in the future. The
Morgan string of roads remains intact,
and now includes the Chicago Great West
ern. while the only extensive systems in
the management OF which Mr. Morgan has
no voice are the Hartman, Pennsylvania
Rock Island, Hawley and Could roads. In
the year the St Louis & San Francisco was
disposed OF by the Rock Island, while
Rock Island interests secured a large block
OF Lehigh Valley stock, with the apparent
intention Of gaining control of the Wabash,
which would form connecting link be-
tween the Rock Island and the Lehigh
Valley in through line to the Atlantic
Coast. Another important development in
the year of interest TO Wall Street was the
acquisition by ]. P. Morgan Of the con-
troll OF the Equitable Life Assurance So