Show VANDERBILTS WILL CONTROL Backers Reorganization cf the Union Pacific Union Pacific to ho Made a Part of the Chicago Northwestern System Sys-tem Vnndcrbilts VII Have n Through lino from Now York to Salt Lake Qould Takes tho Kansas Kan-sas Pacific Chicago Oct Hrhe Tribune pays A plan for the reorganization of the Union Pacific IB i now In course of preparation pre-paration and the preliminary steps already al-ready tnkcn Indicate beyond a doubt that whIm the Union Iacldc gels out of the hands of thu receivers It will bo controlled and operated by the Chicago roads Northwestern one of the VnndnrUlt The reorganization committee which has just been announced has among Its members Chauncoy M Dopew president pres-ident of the New York Central and Marvin Ilughitt president of the Chicago Chi-cago Northwestern These two ntle llcutenatii of tho Vandorbllts will no doubt be able to control thu other members mem-bers of the committee who arc mostly presidents of trust companies holding Union Pacific securities It Is believed the Vanderbllts now hold a majority of the Union Pacific securities At onetime one-time Jay Gould held a controlling Interest In-terest In the Union Pacific and this It Is said has been absorbed by the Vanderbllts A deal Is said to have been made between be-tween George Gould and tho Vander hilts whereby the former Is to Lo given control of the Kansas Pacific which Is to bo operated by the Missouri Pacific while the latter will take the main line of the Union Pacific from Omaha west and make It a part of the Chicago Northwestern system The Vanderbllts lts have no use for the Kansas Pacific as they have no line to Kansas City to connect with I and besides the mainline main-line of the Union Pacific from Omaha will give them an outlet to Denver via the Julesburg cutoff With the Union Pacific In control of the Chicago Northwestern the latter will have a direct and Independent line from Chicago through to Ogden and Salt Lake with a branch line to Denver Den-ver Should the VanderblllH also bo able to keep the Oregon Short Line In tho Union Pacific they will have Independent Inde-pendent lines from New York through to Portland Or The most startling rumor which has lately gained currency Is that the Van dcrbilts look still further than the acquisition ac-quisition of the Union Pacific and the Oregon Short t wjjhoir great aim ingrm lt Jrkflr o rOIoJ gain this end f sald Itii ftiGhW negotiating wTilT C P Huntlngton with I view of securing control of the Central Pacific branch of the Southern Pacific |