Show I II BILLIONS AGAINST BILLIONS INVOLVED I IN BATTLE GIANTS CHICAGO Aug A. A Preliminary moves In what promises to be the greatest railroad fight In history have I been In m progress ogress for tor some rome weeks anti and have occupied the attention of ot the financial world world almost almost to the exclusion of oC other evento The Tho parties to this contest conte t are George J J. Gould representing represent represent- ing the Wabash abash Interests and A. A J J. Cassatt representing representing- the Pennsylvania It is evident that this struggle maybe may maybe maybe be even en more reaching far than would naturally result from Crom a war between these great railroad Interests It may involve e on one side or the other nearly all the railroad and banking Interests of the countr country T Mr Gould is believed to have the backing of ot Mr Harriman representing represent represent- ent- ent ing Ins the Union Central and Southern Pacific Interests t together gether with the National National National Na Na- City bank o of New York and anti the Standard Oil interests Th They y Include e financiers as prominent as any in New v NewYork NewYork York outside of J. J PIerpont Morgan l Co Harriman Backing Gould Gouldin in ill His Effort to Break Into T Territory to of of the i Pennsylvania Railroad With Mr Cassatt are b believed to tobe be associated d the Vanderbilt Inter Interests and nd probably Morgan Co 7 e financial Interests In this combination ma may be roughly stated at about The Gould Interests do donot not represent a mileage as large larSe as this nor norO a capitalization capi capI- so great except as Is Is' represented represented represented by the per persons ons In Interest This makes it a fight or about one half n of othe the railroad capital pl a of ot th the country q I George Gould Goud hase den defied d all ace I s t juf Eastern seaboard ou outlet tIet Ills first move was to get control of or the Western Vestern Maryland a small crooked track one road running from Baltimore Into the Blue Blue mountains but which ma may be connected with the Wabash by buildIng building build bulle- 1 ing a line Hue from Pitt burg Big Steel Contract ct When the United States Steel corporation corporation corporation corpor corpor- was formed It discovered that the Carnegie company had made an Ironbound ironbound Iron Iron- bound contract to deliver dell to t tie tie- le- le Wabash Wabash Wa Wa- bash tons of freight rel ht annually and this contract was not chan changed cd by bythe bythe bythe the consolidation of of the steel Int Interests This was probably where the iron first entered the fOul o of Pennsylvania seeing that the Wabash abash was not a Pittsburg Pittsburg- road and ancl was obliged to build a line to make the connection Pennsylvania retaliated by ordering Goulds Gould's Western Union off ott Its lines Jines The The with ith the reat great Southwest Southwest South South- wes west t traffic c ai are anxious to reach the They Ther They will soon be e in tn I.- I. J |