BIG RAILWAY SCHEME A proposition for a gigantic consolidation soli dation the chicago times rimes of dec 17 has tle alie following adother conferee con feren of railroad capitalists ita lists is ia to be helo heln a new york this weak to consider v A a and means of oaring their ii 11 pro propertied pertie a from bankruptcy thet chii i threatens them the aba pig big clearing b h use scheme sinks into absolute insignificance in ia r ison with the project now under c consideration on which contemplates a deal of suh so h giga gigantic property pro proportions ons as t aern vAsi visionary and impossible ol 01 ex 94 epHon tion at dast anu but there ther is no D doubt doubt of a serious intention to carry it 04 a P provided a sufficient number of In inter terr eeten capitalists can be brought tl to loox loot with favor upon it and it gwun derbwood that strong fi ms will be mad io 0 o consummate tb the dial deal at the ing conference the plan is th sabie that w was somewhat vaguely referred to a week or er two ab ago but bat dince that time it ii assumed ft A spore mere definite alte sha stirpe tb pae 1 purpose i 0 o form k kompany in is 8 to enar tie he control and an 9 e bg int t 0 of f all allwoo 8 or oraM it Kist al 1 sports a e S t northwest and south att ap of Oni cag the plan calls IW a adi lt t of ct and a union of the heln infer ot of all t the e shareholders h 1 be v carlna a roads road a 1 the 8 stock 1 may be ba e exchanged change 1 alor shares in the central n a tai bolder being bein guarantee r dw bends this centra 0 any ia s to control tiel all the lines vast te herrl named and M mabre stiem em for beat bencat of the stoc dr auder suca an arra arrangement went t can n be no more fatame rt wars arg and cutthroat competition that has so much 19 demoralize e all kin kinds a of business la in the west and has espe chaily brought some of the railroads railroad 9 to the verg averof of fInan financial disaster will ill be a thine of the past A gentleman whose knowledge of this be questioned question jed if his lits name tiame could be given here was induced to speak of of the proposed scheme the jtb other or day he said it is not designed to consolidate all the roads but to form a stock company and lease the allous lines in order to 10 b bring ring them ift afi under one controlling cont power it if the plan remember that ja jas gnal C P huntington W 13 stron strong and many other leading ah financiers ciers of the country who corn com ma mairo untold millions are at the bottom mot of it itt htwa an be done and in my bion will aoe e done F furthermore urther more S a legitimate e transaction and so frow from ing on any caw now I 1 r e it is doubtful if any law IS ease enacted en acied ast will prohibit the C muoi of such a company or furnad company of the t remise 86 its property it is true tru e railroad managers manae ers almost to A re opposed to the scheme but fy y natural that they all should id g it Is calculated to roba roba eia anoh of their power batitis but it Is the owner rill a caf arf ats property who are re li sible p plan plad and mhd tho opposition p ounita tn 0 8 managers maB agers will willi hillh I t for or n the taci fac something 6 ti e thing mi TOO done and 0 icay wy we all aall that as aceval railroads roads of the abst t are on dij P verse verge of bank ropley 1 I and wind th buthe a present condl lovis prevail mouths months longer e the wall look at th the 0 Atchi fite p fe one of greatest greate at i abroad of of the globe its liu ancial statements show too plainly it is drifting rock hock island has been going downhill down hill so rapidly during dunes the past year that its stock stockholders bolders have rood good cause for alarm the st pill troubles are so well known that I 1 call your attention to them the collapse of say any of these great corporations Is to be dreaded and if something is not speedily done to mert meet the threatened disaster the chances are that the country will soon be in the midst of a commercial panic that will eclipse the famous black friday of 1873 11 the gould gauld the huntington Hunti agton and the atchison systems are re committed to the project aud and many smaller roads will no doubt follow eliere tha ead the southern pacific union pacific and northern pa cac sr are sold said to be in favor of it Pies president ident cable of the rock bock island and probably president of the burlington will be present at the confere conference juc in n new ew york as will atso also commissioner midgley Mid giey to will be referred the details 0 of I 1 the plan plana As in the clear clearinghouse clearing I 1 ng house scheme I 1 th the reo movement is distinctively one 0 ot investors and from the best anfor in tion that can be obtained it appe appears that the prominent stockholders qa at nearly all the great western linea anre re interested in u it 1 ai a