Show THE ATOM IS SOLD 4 DIr Blackstones Opposition Was of No Avail I TH U P REPRESENTED + I PuCIG SIOAT HE Y GOUt GOU-t Sale Will Affect Railroad Business of Entire CoutBlacktne Will RetreRyon Wicmb Tourists Here Their Palatial TaM Wheelers Promotion + Chicago March 2John J Mitchell president of the Illinois Trust Saving Sav-ing bank upon receivIng word from ew York that a majority of the stock of the Ghicago Alton had ben deposited de-posited with the United Stats Trust company and that pledges had been received re-ceived for the deposit of many more shares gave out the names of the members of the purchasing syndicate Tlee are George Gould president of the Mis Souni Pacific Jacob Schiuf chairman of sour Schi charma the board of the Baltimore Ohio James Stima president of the National Na-tional City bank of New York repre seating the Rockefeller holdings In the Missouri Kansas T xa and E H Harriman chairman of the board of the Union Pacific representing the Vanderbilt Van-derbilt interests 1Ir Harriman is also understood to represent to some extent the Illinois Central road which Is Indirectly In-directly interested in the deal Beyond the expenditure of 3000000 for the Improvement im-provement of the proper generally and another 2000000 to be set aside for I the work of elevating the tracks of the company at Chicago Jt Is understood that the syndicate ha not yet made any definite plans for the future management man-agement of the road 11r Blackstone w1 probabty retire from the prssdency of the road and Vie President and General Manager Chappel may succeed him 11 Blackstone was offered the chairmanship of the executive com mitee but declined It The other of daIs of the company will it is understood under-stood retain their present positions Chief among the men who owned and have sold the rOd were Marhal Field A C Bartlett A A Sprague and John J Michel The price paid for the road counting In the bonded debt is i4505675 With the tidings of the consummation of the deal came the report that the new owner of the Alton would sell its share in the Union Depot company in nde eOtter Jnt I owning the union depot terminals at Adams street and would become lessees les-sees of the Chicago Railway TermInal company with its passenger station at Harrison street and Fifth avenue The purchaser of the Alons share in the union depot according to the report re-port will be the Pennsylvania The later road wants this terminal for its Pan Handle line I The sale of the Alton will I Is said have a farreaching effect on the railroad rail-road business of the entire country Transcontinental trains running from tidewater to tidewater wIthout change and without breaking up even at Chicago Chi-cago or St LouIs are now a probabi its |