In the railway world, "community of interest" assumed the place of
pooling agreements. The Union Pacific acquired large holdings from
Collis P. Huntington's estate and controlled the Southern Pacific. The
power behind the Southern Railway got control of nearly all the other
Southern railways, including the Atlantic Coast Line, the Plant System,
and at last even the Louisville and Nashville. The New York Central
dominated the other Vanderbilt roads. The Pennsylvania secured decisive
amounts of Baltimore and Ohio stock, as well as weighty interests in the
Chesapeake and Ohio and the Norfolk and Western, and so on.
[1902]