Show VANDERBILT COMBINE I All Those Lines Will Bo United in One Company I New York Sept 20It has been I learned from an authoritative source that plans for the practical consolidation consolida-tion of direction of the entire Vanderbilt Vander-bilt system of railroads are In course of preparation These plans include the formation of a new parent company com-pany It will be entirely a financial company and will be the holder of stock of the subsidiary companies No name has yet been secured for the proposed pro-posed parent company but the New York Central company seems to be that most generally favored The exact status of the plan Is William 1C Vanderbllt has given considerable con-siderable study to the practical l consolidation con-solidation of the lines proposed and at his suggestion Edward V Hosslter treasurer of the New York Central and H McK Twomblya dlrectorwhose opinion is particularly valuable to Mr j Vanderbilt have been for some time at vprk on a skeleton plan When this hag received Mr Vanderbilts approval ap-proval It will then be worlced out In greater detail and placed formally be fore the board of directors It Is evident therefore that the plan of contiol can In no measure be accounted ac-counted as an established fact but tho information given Is important as In dicating the general drift in the com ing communlclty of interest plan In ralh vD operation The formation of anew a-new securityholding company la not of course a novil situation In the railroad rail-road world It will be on the same general plan as that of the Pennsylvania Pennsyl-vania company which was chartered by the Legislature of Pennsylvania on April S 1S70 for the purpose of managing I I man-aging the interests the Pennsylvania company and the railroads leased and I I controlled by that company west of Plttsbursr The stock of this Pennsyl l vanIa company is owned by the Penn I sylvanla railroad It has been suggested by a financial authority whose position gives his I views particular weight that the ultl mate end of the community of Interest plan would undoubtedly bo the estab lishment of separate financial com panies controlled by ownership of se curities of each of the great groups of railroads Railroad Notes I The offices of the Short Line are still being moved Carnival travel opened up in an en couraging way General Passenger Agent S K Hoo per has returned to Denver Assistant General Passenger Agent Heintz of the Western states that traffic In the Paclilc northwest Is very good and the outlool Is promising F D Uhner Is up from an engineer ing trip down the Short Line and re ports all quiet on the Potomac As illustrative of some of the experiences of tho surveying corps he says there is one stretch of fifty and another stretch of forty miles without water though when the line is Jn operation water may be found by digging wells Three hundred gallons of water suffice eleven men and one team for one day I |