| Show t tt f t tt t t 0 V t t t r 1 t t t t t t Yr 1 tt r r r F t f 44 f t Y t t T vv 1 1 t t tt t t t v o o t t I t 1 AMERICAS RAILROAD KINGS 1 4 j W i AND THEIR V VAST AST COMBINATIONS I 11 I t t U 4 1 tt M I H tt 4 t O H t 1 to I H ou r d t rt t tt t itt tt 4 t t U Is g both hoth consoling c anti ant g gIng Ing that of or the t men inn not most prom prominent IT I mont In the Hold of ot va te t oper operation today that field bRIng the th Brent territory by our tir ut Rt least leat of oC t them Ihm made their own fortunes fortune forged i nl II unaided except by hy that i ibe be hr r t of nt lher I i Misad lIebi fortune by the forelock niu hung on until he re rewarded win ded thorn thu with riches I f power are re uncrowned kings In Amor Arn r rI lot l I today oven In thiN Ihl t of ot m rt republics publics th aro arc leader of or Armlet t fighting desperate anti and Winning tremendous victories even ev n though our country Is la nt at peace with nil au authy tit tI thy world There Is h going on nt this one of or the he battlos by which control Is s sought nought of transcontinental between the tho Atlantic the he It Is IM I a n battle of ot the rigid jl ld of operations a ft continent thu Ihu re rewards reo wards Wt of ot f the tle lichen beyond the of or 1 and power not pos IO sensed I by Alexander by hy Frederick the Great or ar by II Napoleon When the managers found themselves blocked by a decision of or the tha ho supreme court In their for tor con controlling controlling trolling th the of or the Iho United States State they merely morely changed erl their tactics anti ami combined under und r another banner bannor upon which WOK was In Instead of the de defunct JolL association merely community of ot It 11 was ns OS nn OH Idea Id a however hocer ant and not In so many I I 0 7 rif j I ri f j A J JI cassatt 4 that they adopted this rallying cry cry by b y lI agreement only and ond not by b formal Nevertheless there was formed another combination just as real reul as ns the lie first and more moro nearly Impregnable Inasmuch as 08 It could not bo assailed In III the tho courts The Tho processes have been blen going on silently persistent persistently ly b making nukIng toward a n consolidation of ot railway Interests which In fact tact Is practically formed The understanding be between between between tween the tho great railway kings kin Is com cum complete and ant now there only remain to be arranged the lie details by b which the rail railroads railroads roads girdling the United States will be beconi controlled coni rolled by a n comparatively small number of or men maca The kings of or tho the rails have hae not ant told us how they arrived at nn an understanding but the time handwriting h Is i apparent to ono one who will study the combinations and cast n a comprehensive glance over a n map mal nta of or the tho United l States State The railways of ot the United Stated ag aggregate n a grand of ot mIles mile or mlle mile more maIo than those hose of or nil all Europe Including Great Britain Of or this total at nt least miles are arc now owned ownell or controlled by b less lees than a 11 doz dozen dozen en men inca those particularly prominent In their management being t Morgan W V K IC VanderbIlt George J Gould Gouhl Alexander J Cassatt Ca latt James J Hill R 1 II 11 1 harrIman Jacob H U Soli Iff August Belmont Helmont Jr and ami William Rockefeller These are the tho uncrowned kings of at America who may Inn In the thc near future rule Its Iti commercial destinIes though It ItIs ItIs ItIs Is nn an Important and perhaps significant fact that thai no ono of ot the number has hns been E e prominent In i or has shown a desire for tor Or political 11 preference There was all once a n poet who Is la wild said to have hl remarked that he eared cared cn not who Iio made loade the law lawi of ot a country so he wrote Its song eon Paraphrasing his aphorism It may m be said sll thAt the Ihl tm aforementioned tune nine cue cato not who makes the time laws law of the United States no o 0 long an all a they the may A rule US railroads or Of thes nine Individual preeminent for their and nd IH II at st least leant Jive fhe were unknown quantities n a few t years eara ago mo three be belong b blong long to of ot American millionaire sad and rep r tin the third generation that thet has hu grown powerful by b the application of ot genius to the management of affairs affIre pertaining directly to railroads To Mr Ir W K IC Is te credited the community o of ot Interest Inter Idea or Of In other words the benevolent as I limitation lIon of oC uch railroad a all as he ht and nd his friends did lid not control but Jut needed In Iii order ardor to 10 regulate the tie raffle of ot the tM continent III HI connection with th the lM New N w York Vork Central end and RIver system Hem which hl his hili grandfather the t Commodore hum built up from next to tt and made malle one of the most moat prot ertie In III world I Is g too well known to require moi than men tion tl t HI 1111 great talent an BIll a an organizer pr was wall hardly suspected until after his hi i brother Int her Cornelius dl d when It wn was 11 call l Mint bat lili father athEr had educated edu him with willi vu h the particular of oC n IL m groat gront grea I manager ever In view panned l d through all the various graded of lit routine work In which he I thor Ihor thoroughly drilled ch until he lie had O u a 1 complete over the tho C ho complicated and responsible duties of oC the tM th life lite his hll father ta hall hal In III It I I IN Iu by byall byall byall all that W V K i 1 IJ i es In a amark marked mark degree dl r nil the grent great 9 of at athla his hla atimer ther and grandfather with I their sharp fURl stall ston He lie u was wa as torn horn Due fwd hence Is not yet 02 2 He lie Is philanthropic travel E e ed d and and educated with excellent taste In architecture and art With his hl soi so uil al lire w we have nothing to 10 do but In what whatever ever H r society lit he 11 moves moes he ho U is a n marked and ant brilliant figure GenIal and win Will winning ning he In Is silent and oven lJ et n fl taciturn wh n It cornea comes co III II to business bu III affairs his great moves being male made I with discretion and anti accuracy amid only known by b their j j result I 1 Having carried tho the Central to 10 time the pinnacle of oC perfection Mr tir Van Vani an i looked look 1 about him for or some new i railway world to conquer and cost cast u a ha gering glance upon uon tho the vast ast Pennsylva 1 I nia ilia system m Till Th magnificent property WAS too prosperous too firmly fIrm ed eel too loo ably abl managed ged to ho he had for tor the Iho i asking but Its stock was In time the market anti and so 0 Mr 11 Vanderbilt bought great I Mocks of ot It When the Pennsylvania j management found out what he wai wu doing loin they wanted 1 an Rn explanation 1 which was al promptly forthcoming In effect It was this That by h cooperation the Central anti and the PennsylvanIa could coult In great Kret measure control between bel the Atlantic and the Mississippi sippi valley This admirable theory theol which Man wa practically advanced In the Ih nature of or a proposition struck the l Pennsylvania enn president Mr Alexander J so M o favorably that he hI recommended recommended mended U it to th t the Pennsylvania mana manaa ment and ami bought big biff blocks of ot Central I Th fh hf railway mileage own l and con dolled lI by hy the Nw W York Central C syl system ey tern tem aggregating miles anti In eluding ciudin the Lake Shore Khar Michigan 1 Southern time the West Vest Shots Shore th tin Ihs Dela DeIm Delaware D I Iwar ware war anti Western and the th Chicago Mill and Northwestern WAS further Increased by the addition pf pC th the anti Albany while the New NewYork ew York Vork Now No Haven lIan anti with I Its 2000 miles of or track In Iii sympathetic i hands gave the lite Central antI and Penney Pennsyl Pennsylvania vania anIu practical control of ot nil all th the Inet I nt the and MaIne system with H ml mites Irs being then ht tit theIr mercy In to telY control the tho At AtI I h I 1 41 1 1 j lantic seaboard from Crom Maine to Florida It was only necessary now for the Penn Pennsylvania Pennsylvania I sylvania to 10 absorb cither by h purchase of oC stock stOk or by b securing dominating In In directorate such ruch systems as the Norfolk anti and the Chesapeake Che CheI peake and Ohio and anti the great Ireat Baltimore I and Ohio with Its snore more than titan 1000 2000 miles of oC tracks treks These little morsels were svere well We within the capacity of at the time Penney Pennsyl Pennsylvania Ienn J vania anIa to 10 digest and amid the tho deal denI ended ende with a R total of more mon than lion miles to toIta IU its credit aggregating with time the Cen Centrals Centrals holdings nearly miles mills TIme The personality of or the th present head of ot the Pennsylvania Penn system Mr Ir Alex Alexander Alexander Alexander ander Johnson Ca att Is III In Its IlS way as Interesting as 11 Vanderbilt He lie was Vat born in m Dec S i lie He was educated In this country countr In Europe graduating In l S a u as a civil engineer He lie was made third vice Ice r foru m Ideal Ident of ot the Pennsylvania in 1ST first vice pre president In mo St and In USi was to the presidency of or the entire Pennsylvania system stem Mr Ir Vanderbilt ard rod td Mr Ir r Cassatt Join Joined Joined joined ed forces force to th tl thi mutual Advantage of ot their respective rup rth sy systems tm the th Central and the Pennsylvania obtaining joint control of ot the Chesapeake and Ohio and the tho alone securing tho the I Norfolk t But hut I over oer nil all the grout great southern roa ls 1 k not acquired with without I i out th of ot another mog mag i I nite nate who though not generally knon known Jas i IU as ti a 1 railway man ama hell held hellIn In hH his hi hands the time guiding reins relna to tr mote Iron horeB than were wr either by L the Central or orthe I lh the Pennsylvania P Tills This driver of oC Iron steeds was WIS none non other oth r than thon the great UI al banker Mr Ir J 3 Morgan whose whoso success In consolidating con various hues linos and ani on combining diverse diver rs interests hns given gl n Hs rIse to 10 th saying that thaI he lie not only emily them but Ie of or at It his hh death don Ih and anti grandson of It tho the poet Iou name Mille he be bears Mr ZItI Morgan belongs belon 8 to time tho aria aris aristocracy amt t of ot society and v 1 alth a II II by right of or InheritAnce He lie is a u dominant In the world of or finance today tOllay having been bett tJ n the tho means of or bringing out r mOm hiding hl more capital for tor Investment In speculative undertakings titan than any oth other other er man muon In existence He liels Hels Is nil 1111 powerful amid ha lie II knows it His lile word vord Is U law In who wherever I over ever spoken n and nn to IQ u II that it Is hi as us good na as his bond Is h to state slate u a truism nc throughout time the of o phi plu plutocracy As AC 8 nn UI Intelligent thinking mn 1111 chino chine ho he la Is perfection being mechanical I I V k kI kI vr v i Kt w tu V s I fi o i y I I f c I q 5 it itI I l I J I I ji I A 0 r 11 I S 4 James Jamesd 7 N d cJ Hills ill I 1 N I I 1 I I d dI I I I I 4 ft L Lt t I u III Lt If th thom m Mr Ir Morgan held the desti destinies d nies of or several railroads In his grasp at that time lime and has hns ha since Increased his controlling Interests until he lie personally dominates more than miles mUM These roads rands comprise the Philadelphia ant and Heading Central of ot New Jersey Lehigh Valley Erie Atlantic Coast Const CoastLine Line Southern railway Queen mid amid Crescent route tonte Mobile and Ohio Cen Central Central rat of at Georgia anti two or three small smaller er or lines Thus It came ame about that being willing there was formed the guest triad consisting of or Vander Vanderbilt but bilt Cassatt anti Morgan who actually hold today to ay the fate tate of the time eastern ens tern Unit United ed 00 si Slates States In their hands through h their domination of o the railway situation An estimate of ot Mr J 3 Pierpont Mor Morgans 01 gans gons character oni ant abilities would seem m superfluous at this time when his leadership as a 11 general of at Industry has beta been so o freely treely exploited The latest of oC his great combinations of ot capital the tho billion LIllian dollar steel At el trust was Bit so eo re recently dolly launched that this consummate manager of m men n and consolidator of capital is now noti as well telI known perhaps I a I The uhe Ih nt of oC this great republic Born Dorn Arni Arrul i 11 1837 In Hartford Conn lion of a l banker who left him a n fortune I P n J JIn In his habits as liS regular as a 11 clock in Ir I his hii hours of oC labor anti yet et devoted to 10 C S CI certaIn recreations and hobbles hobbies nuchi I nn nR am yachting rare books book I and flowers Inexplicable aa as the sphinx ho lie Is la human and companionable among amnon his chosen friends an ns the late lalo Jay Gould once said In speaking of or himself are lIro a sort son of or hobby hobb with him and mere playthings piny things He lie understands time the complicated d work workings workIngs ings lags of or their vast sect systems at nt a 11 glance In n ft moment comprehends their bin Intricate cate cato complaints If it they have any and lIke Ilko the trained physician places S his lila finger linger at al once on the special trouble and suggests the tho remedy He lie Is a n money maker by b Instinct a o L coiner of ot dollars by b nature A verItable MUns tidas all nil he touches touch s turn turns to gold goltl goi and although he has hOl given much to 10 charity dispensing millions with n a lavish hand I yet et he cannot begin to spend his bbs over ovel Increasing fortune This Ibis Is the man who has entered Into th combination formed by Vanderbilt L Land and Cassatt for or the control of oC all the th eastern and southern roads In addi addition tion to hI directly controlled there wore were about bout 1 miles In the so tue called and Belmont Delmont groups I tho main feature cf of rt the tho Ih latter being tb Ih lv lou and Nashville ml miles 9 In hi length All linen lIue thou In tho ho aggregate about miles am are held hold by Va Cn Morgan They comprise ff one thIrd total or oC time tho Mies t nail another Is IB ill controlled by b time tIt Ing live of ot tho thin band of or nine nino nl ul leah mentioned neth It 1111 imPs mn become Imperative that time the anti southern toads roads make malco also such connection a halL constitute nt ot least two to transcontinental HUM hues ho he ii tween IWeen the tho II Atlantic tho thu They controlled coni rolled all nil tho the Atlantic A 8 sell sea n board and connections with Chicago I i 0 r v 0 r Wit win Rockefeller C C er but beyond the tho latter point their absolute absolute absolute lute influence ceased and they were In III Inn IIII Is I Ia n a I mariner manner at nt tho Iho mercy morcy of or tho time western roads Then the time genius of or generalship and combination possessed pos by br Magician 1 Morgan was waB called Into play antI and tint ho he b Li discovered a n way ay for fur uniting his system and that of or the northwest with n a ten tentative alIve agreement pending with wIlls those of ot o f the tho middle west when shen ho lie sailed for tor Eu Iu Europe rope Five great hues lineA the Great Grent Northern Northern Pacific Union Pacific Bon Topeka and Santa Snata I Fe nuil Southern ri Pacific connect time tho Mississippi river nyc with the PacIfic const coast cons I In III time the north northwest northwest northwest west lives a man nina whoso whose genius for Cor rail railroad railroad raIlroad road construction and arll manipulation Is I Indisputable Ho ITo Is popularly known as |
