| Show VANDER BILTS GET S P SO THE REPORTS FROM WALL STREET STATE since death a great deal of speculation has been indulged in concerning his successor and the disposition of the huntington interests many ot these rumors appeared a little less than absurd to those cognizant with the southern pacific affairs but the latest reports state that william K has gained control of the vast system color la leant to this re port by the fact that some time ago made a tour of the west and especially the central pacific portion of the southern pacific system it Is thought that it this report Is true concerning the deal that it will hasten instead of de lay the proposed improvements A dispatch from new the Vander bilts have obtained control of the southern pacific system negotiations aiming to ihla accomplishment begun two years ogo but were summarily disposed of hy C P ington the property was hla he sald and owning it he proposed to keep it he wanted no all tanco which could only in extent make him dependent upon others for which ho himself stood tills important deal to which new york london and berlin bad themselves was disposed of the death of mr huntington brought about a complete change in the situation the personal equation disappeared A german syndicate bidding tor a large block of the stock in sep was not without encouragement ahat ita bid would be accepted tor 1 booi shares on bloc at an average ot 42 per hare for reasons which on a business basis were considered sails I 1 factory both bore and at london however the bid for this shares was rejected obtaining conspicuous in the syndicate the now control are K E II 11 harriman jamea J hill norman D ream and james speyer the latter as tho associate ot mr huntington having been conspicuously influential in the direction of the com banys affairs tor years past within the past week wall street became excited over the discovery that control of mr pacific mali property had passed to E H har alman and his associates including james J hill and W K explanations given much currency have aimed to represent that only mr harraman Harrl man had become controller hat mr hills interest and mr vander balts interests were relatively insignificant however this may be it Is certain that in the southern pacific deal whereby interests will control the corporation ot the pacific mail steamship company ican be of vast interest aside from the vanderbilt ambition to establish and maintain a transportation line from the atlantic coast to san francisco and thence to I 1 the far east made practicable by the new york central northwestern union pacific and pacific mall the taking over of the southern pacific Is an accomplishment greater than any other coalition hitherto forecast |
