| Show THE WASP OF MONEY A rumor that the Vander Tander bilts bUts lant milt railroads abea 1 OF I 1 startling lins rumor of the withdrawal or of jay could from lh the aalon pacific trull a 1 wonderful deal aug 29 A morning paper says it is generally understood that jay gould has virtu virtually ly relinquished rea yea ciet a dished ed contra of the union U n alo apa pacific railway and that the majority of the stocks and bonds of the company baa has been placed in the hands company 0 of the banking firm of drexel morgan co the general opt opinion ll 11 ion is that drexel morgan A co ha have ve acquired control of the union pacific in the interest of the Vander bilts they are the financial agents of the vander bilta and are also in control of the chicago milwaukee st paul this indicates that a close alliance between the union pacific and the northwestern and st fit paul roads is contemplated the Vander bilta bilts have long been anxious to secures a footing west of the ouri url river and gain an independent outlet for their system of roads to the pacific coast it is not likely that they will be content without the union pacific but that they mean to acquire other important railway systems west of the rocky mountains mountain is A contest is said to be now no w in progress between the va Vander bilts the chicago burlington ak quincy and the atchison topeka sant fe for the possession of the denver rio orande grande roal with the prospects that the Vander bilts will carry off the plum it if Vander bilts succeed in getting the rio orande grande it is believed their next move will be to secure control of the southern pacific and there Is no serious obstacles in the way of their getting it with this road in their control the Vander bilts will be able to dictate terms to all other lines so far as through traffic between the atlantic and pacific is concerned LATER charles 11 II coater of the firm of drexel morgan cossid co said he knew know nothing about the majority of the securities of the union pacific railroad being placed la to the bands hands of bis his firm he ile farther eaid said that be knew nothing about the rumor that jay gould bad had relinquished control of the road and that J pierpont Piar pont morgan was to be the leading spirit in the management |
