The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1911-01-03
HILL ACQUIRES
WESTERN PACIFIC

The United Properties Company Of
California, with a capitalization Of
$200,O00,000 fled articles of incor-
poration Friday at Wilmington,
1t is reported that James J. Hill
controls. the new corporation, and in
its Sunday morning issue the San
Francisco Chronicle reviews the situa-
tion as follows:
Dominating the Western Pacific, and
fortified by an alliance with the $780,
100000 corporation that has come into
existence under the name Of the Unit
ed Properties Company of California,
James J. Hill has not only secured the
entrance into California he has long
sought, but he has intrenched himself
in strategic position on the bay Of
San Francisco that places him on an
equal footing with the Hartman lines
in California.
The announcement Of the Hill coup,
which was published exclusively in yes
terday's Chronicle, in connection with
the Incorporation of the Tevis- Smith
combination, with it's vast financial re-
Sources, was the absorbing topic Of dis
cussion in railroad and financial circles
yesterday throughout the state and in
the east.
Deal Is Confirmed.
Denials may be expected, but there
is excellent authority for the belief
that the Western Pacific has fallen
into the Hill basket, and that the
5000, 100000 of so-called "foreign
capital'' which has secured the Aia-
media county water front and electric
that is closely allied to James J. Hill
in his railroad operations.
Confirmation of these facts will
come, not in statements issued from
the offices of the fnanciers involved
in the gigantic deal, but in the opera
tions Of the United Properties Com
pany of California with the Western
Pacific and the Hill roads.
Hill In Control
For some time is has been suspected
that Hill had secured control in the
Western Pacific. The fact that several
of the directors of the Gould line were
associates of Hill has been remarked
1t is also matter of significance that
while little money has been expended
in keeping some Of the other Gouh
properties in reasonable state o
efficiency, the Western Pacific wa
built with the expenditure Of million
to put the road in first class conlitio
from the start. 1t is also a matter
record that many of the officials OF tn
Western Pacific came from the Hill
lines, and that large part of it's trafi
is being diverted from the Gould-own
ed Burlington.
And now comes this mysterious
5000 100000 of "foreign capital
from a source, the exact identity Of
which is conceded, to create termi,
nal system for the Western Pacific at
San Francisco that will put that road
ON at least an equal footing with the
Southern Pacific in California.
Although it has been impossible to
learn the exact source of this capital,
the Chronicle is able to state on ex-
cellent authority that it comes from
financiers that are "friendly' to Jim
Hill.
1t seems obvious that Hill 10 in
California.
The United Properties Company Of
California is much more than COM
bination of the Key Route, the Oak
Traction and the Tevis water power
properties, important as such combi-
nation of itself would be. The Bay
Cities Water company, under cover OF
which some of the preliminary moves
were made, is hardly more than .
pawn in the game, which is essential
ly transportation deal.