New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-09
RAILWAY INTERESTS.
NORTHERN PACIFIC AND UNION PACIFIC.
JAY GOULD AND RUSSELL SAGE NOT INTERESTED IN
THE NEWER ROAD

NORTHERN PACIFIC AND UNION PACIFIC.
JAY GOULD AND RUSSELL SAGE NOT INTERESTED IN
TIE NEWER ROAD.
1t has been frequently reported In tho last
week that Jay Gould and Russell Sage to become
directors of the Northern Pacific Railroad and yesterday
1t said in Wall Street that they members OF the
syndicate which had taken 900 Of the new sec
ond mortgage bonds Both Mr. Gould and Mr. Sage said
that they had interest in the railroad and that while
they regarded the property valuable their SYM
pathes already engaged in other directions They
said that they had not been invited to become members
OF the Northern Pacific board but that If they had been
asked they wDuld have been prevented by their other
Interests from accepting the places.
"a great many stockholders OF the Union Pacific have
been to see me lately about these rumors" MT Sage
sald and 1t only just to all interested in nat road
that they should know that there never has been the
slightest foundation for the stories. suppose that
they have been started by persons who wanted TO de-
press Union Pacific stock. have great confidence IN
the Northern Pacific and am pleased az the recent ac-
ton Of the directors and the reported success OF the new
loan. There is plenty OF room for all the transcon-
tnenta lines and the Union Pacific and the Northern
Pacific are too far apart to be rivals. The Northern
Pacific build up business without interfering
with the traffic the Union Pacific which will always
be the main highway across the continent.
III had any interest IN the Northern Pacific should
have resigned from the Union Pacific long ago never
hold place In which have not put my whole hearts
build up another line My alegiance is pledged to the
Union Pacific road At the time think the North
Pacific will emerge from its present difficulties and IN
the end prove to be q sue eessful line.
"Mr Gould and have not been asked to become di-
rectors of the Northern Pacific, but had been in
vited could possibly have accepted the offices.
speak for him well myself when say that we would
appear 10 be interested In one line when sympathes
and real interests with another Besides the addi-
ton OF would not strengthen the Northern
Pacific which has wonderfully strong backing and
good management There Is hardly another road IN the
country which has behind 1t such rich and powerful
syndicate Of bankers No. no, MIR. Gould and should
add nothing the Northern Pacific but while we think
well of IL road that the Union Pacific has an
established business which the Northern Pacific cannot
hurt. witnessed the opening of the road and never
have lost faith in its great success"
The transfer books the Union Pacific Railway were
reopeneG October l. In the fret three days 1900
shares transferred to Boston These shares were
transferred l61 investors, many OF whom were new
stockholders Most of the certificates were for lots OF
from ten to fifty shares In the same time the transfers
to investors at NewYOrk ,444 shares. In three
days 5344 shares transferred from brokers to i'll