Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1912-01-25
RIO CRANDE RAIL
DEAL NO W U ?
PLANS UNDER WAY TO MAKE
MOUNTAIN ROUTE CENTER
OF JOINT CONTROL
AFFECTS WEST LINES
Rock Island and Chicago, Burlington
4 Quincy May Have Through
Lines to Western
Coast.
AFFECTS WEST LINES


consideration among some of the mos
prominent men in the western rail
| road field and their bankers plar
! which, IL consummated, will result in
the greatest change in railroad rela
Iof E. H. Hartman. Even in the Harri
man era there was no project of such
great consequence planned for per-
formance at any one time.
! Apart from the Atchison Topeka
! & Santa Fe railroad, the Chicago, Mil
waukee & st. Paul and the Hartman
lines, the plan concerns all of the
great railroad systems of the west.
Involved in it are the Rock Island,
the Gould western system, the Chi
cago & Northwestern, Vanderbilt
road. and the three great Hill lines,
the Great Northern, Northern Pacific
and Chicago, Burlington & Quincy.
In the elaboration of this plan an
| important part has been played by B.
F. Bush, who succeeded George J.
Gould as president of the Missouri
Pacific last year, and who has more
recently followed E. T. Jeffrey as
president of the Denver & Rio Grande.
GouId's VascilIation 10 Feared.
It was proclaimed at the time Mr..
Bush assumed the work of those new
offices that, he had plenary powers. II
that is the case there is no doubt that
the arrangement will be completed.
In fact. 1t was declared positively to-
day that the only likelihood Of the
plans failure arises from the habitual
vascillation of George ]. Gould.
The plan is for joint interest by
the Rock Island and the Chicago, Bur-
lington & Quincy in Missouri Pacific's
control of Denver & Rio Grande,
which also carries with It ownership
of the Western Pacific and probably
Joint obligation of the Rock Island and
the Burlington with the Denver and
Rio Grande in. the Western Pacific /
bonds.
The Missouri Pacific controls the |
Denver & Rio Grande. The Denver &
Rio Grande in turn owns two-thfrds OF
the Western Pacific and guarantees
principal and interest on all Of the
Western Pacific's bonds. Until 1910
Denver & Rio Grande paid dividends
1t the rate Of per cent a year on it's
preferred stock Because OF the great
Dad of Western Pacific. which only
started operations early in 1910, Den.
Ter & Rio Grande suspended the divi-
lend
Two Through Routs Result. !.
Lately there has been plan on foot
0 sell the Northern Pacific's equity d
n the Burlington to the Great North (
I'm. That intention Is feature Of the (
Ian revealed today. so far as the Hill &
amp is concerned. Within the last
month the Northern Pacific has made :
traffic alliance with the Chicago &
northwestern, Vanderbilt line,
,hich secures for it traffic facilities
rom ST. Paul to Chicago and thence
n eastward Hence the Northern
'acific gets through the Northwestern
dvantages comparable to those held
y the Great Northern through the
From today's revelations it becomes
lear, then. that the railroad map for
he northern half of the United States
'est OF the Mississippi will have
cross it continuous line Northern
acific and Northwestern from
le pacific to Chicago; Great
orthern and Burlington, likewise
the Pacific coast with Chi
ago, and Western Pacific. Denver &
10 Grande, and the Burlington and
ock Island running again from The
past clear through to Chicago like
le others. except that from Denver
ast there will be two roads-the Bur
ngton and the Rock Island.