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Show j IgoOlFwill have " I i ' HOLDING COMPANY m m Proposed Syndicate Will lull lu-ll volve Over One Billion of iff I Dollars. (I ! ALL PROPERTIES ARE I I INCLUDED IN DEAL ?ll cxas & Pacific Is CIl0Sen as W j Vehicle for the Proposed ' pf Consolidation. lj According to advices from certain 7M sources, the Gould system is to follow flWm'ae example of other large railroad SMm combines and create a holding company. wJ'AlHhc securities of the Gould railways Fare to be put into one pot, and the pot ' put out a general stock issue, cov-JjM cov-JjM f ering the underlying shares. The Texas t Pacific, it is said has been chosen ho represent the pot. ' A t A Denver contemporary- puts forth Ira s the following as authentic: ' The scheme intimated to a. few a month i W . J Has been lnvcstls&tcd and proves ito fbl almost an" accomplished fact. A gon-'3 gon-'3 -crai I plan has been passed upon and "Hi Wfa S1.234.S65.S34 proposition. It In-Evolves In-Evolves S3S4.433.111 of common stock, $104.-lMfi $104.-lMfi fcu k of preferred . S652.7S0.000 of bonds, tt ej TS5an un?Sndca debt of S72.0S3.000. Qy-3 It IncSs the Missouri Pacific St. 5ttf I Louis I Iron Mountain, the bash. QCWi Western Maryland. Texas & Pacific, St. eal Louis b Southwestern. Denver & HIS, Rlc Grande Southern, and TOUUlmcte1;?1 project may embrace f01 the International and Great Northern r,am. '. and tho Wabash-Pittsburg, both, of which ' are at present managed by receivers, af w" V The Texas & Pacific has been selected $as a receptacle, not for strategic or fSb' iMnanclal reasons, but because this sputh-XW sputh-XW m. i company has an unlimited charter. Ultl i hCh allows It to do well-nigh everv-V everv-V !' Sine except to break the laws of Te.vas. nitfi I excluding the bribery law Tho prlvl-lofS prlvl-lofS ? ieBe3 of the road are about ns latltudln-WIL latltudln-WIL !i ou as those enjoyed by the .orth Amcrl-tvr Amcrl-tvr f. can company, the concern Invented by 0Dtt.' Henry Vlllard as a blind pool, and which aT1 i now operates pretty much everything witli V from a country store to a steam rail- . ,f I WThe Texas & Pacific charter will per-IWi per-IWi f mlt of later acquisitions. The potential-Mi;! potential-Mi;! iity was doubtless responsible for the f opposition that the Frisco would be i thrown into the Gould olla podrida. The II !C notion has somehow spread that the .7 fcJtoek Island wants to bo rid of the ana Frisco; that it has found the Soutn-inkii Soutn-inkii iT!we3tern line to be as much of a leech as rfrm th Atchison found It a dozen years ago. sn A ? The aspersion was Indignantly denied i vt Rock Island liendquarters. where tho !Li7 Extraordinary rise in Rock Island securl- Ftlcs-lncludlng Frisco was regarded 3." j Svlth a cheerful Indifference that might ''have been feigned. No explanation was 3f)0 vouchsafed save the banality that "if "things look much better." '4 Those of this opinion were confident rr i that Monday's advance of live points in the aenlor stock was an elan as tho ? SJ KFrench phrase It toward 70 or possibly tttrm Enthusiasm recognizes no bounds, rivi i once unconfined. t- Jt 13 fllte certain, however, that tho f 'Gould holding scheme is unrelated to s"t 'W,l,( oom In Rock Island, asldo from the Kir riiatin-al sympathy exercised by one litL a.?10110 oi minor issues upon another. " The Gould stock?, indeed, were the fc? iSpoovlnK forces of a session in which tho Jow-prlce shares were paramount |