Denver labor bulletin., 1915-09-25
|HILL INTERESTS TO
CONTROL c. F. 6 |.
Rockefeller will Dispose Of
Colorado Holdings
New York Press Publishes Statement to
This Eject Based Upon Informa-
ton Gained In Wall Street

The New York Press prints story.
based on Wall street information, that
John D. Rockefeller will soon transfer
the Colorado Fuel and Iron company to
James j. Hill, owner OF the Burlington
and Colorado & Southern railroads.
Since the report of the Walsh investiga
tion of the Colorado coal strike was
made public there have been several
rumors that Rockefeller wanted to dis
pose of his holdings in this state The
article in the New York paper is as
follows:
Control of the Colorado Fuel and
Iron company, the big Western property
of the Rockefellers, which in the past
few years has had most tempestuous
career, will at an early date formally
pass into the hands of interests repre-
sented by the veteran railroad magnate,
James J. HILL
Denials Are Expected.
"The concern will be merged with the
Hill ore holdings in Michigan, known
officially as the Great Northern Iron
Ore properties. A revolution N the
handling of iron and steel products for
the far western section OF the United
States is looked for by men in the tride
who have been closely following tn. de-
velopments.
~Pending the conclusion of negotiations
for the merger. which have been under
way for several months, 10 formal an
nouncement as to the changed affairs
in the Colorado fuel situation is looked
for. but it is common opinion amon., tho
steel men referred to that denials OF
the changes will be made, altho the facts
regarding the proposed deal are well
known in several quarters. I.
Not Hostile to Labor
THE passing of the RoeSe,.,Iers from
control of the Colorado Fuel and IreI.
company, in view OF the new stand wnicl,
those interests are taking on labor mat
tiers, has not been without its <entimeiI-
tai reasons is one opinion which has
found ready belief.
For months there has been strain
ing OF endeavor on the part of tic
Roclefellers to eliminate the impression
created in certain labo- quarters of Wig
crous hostility by those interests to Ia
bor. particularly because OF the adverse
publicity given to John d. Rockefeller.
vestigators of the Colorado strike
THAT complete elimination from Colo
rado Fuel and Iron affairs would prove
the greatest factor in clearing the way
for new understanding with labor. it
is added. has been an argument which
has found great weight with the Rookie
feller family and their allied interests.
The elder Rockefeller particularly has
sought this new understanding.
Will Be Mutually Beneficial
Regardless of the labor aspect of the
situation. however. the acquisition of the
Colorado Fuel and Iron company by the
Hill interests for union with the Great
Northern Ore will provide each company
with advantages which neither could OBJ
tain working alone and will further re-
dound to the benefit of the great Hill
railroad properties thru the West.
Hills visit to New York this week.
while ostensibly in connection with the
European loan negotiations, was prima-
rily made. it is known in connection
with the steel and ore negotiations in
which the firm of Kuhn, Loeb & Co. has
been taking an important part. 1t will
be recalled that after Hill saw Jacob H.
Schiff, senior member of that firm, he
expressly made it known that the visit
to Schiff was not in connection with the
European loan. but other matters"