Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-11-21
RAILWAY WORLD.
Authoritative Statement that Gould Con-
trolls the Union Pacific


New YORK, November 20th.-The World
says the authoritative announcement has
been made in Wall street that Jay Gould
had again acquired control of the Union
Pacific Railroad The Missouri Pacific and
its subsidiary lines were constructed with q
view to the most advantageous interchange
OF business with the Union Pacific. When
Mr.. Gould reliDquished control of the latter
road four or five years ago his southwest
e1n system was cut off from many traffic
benefits. Charles Francis Adams succeeded
Sidney Dillon as President of the Union
Pacific. and on taking possession of his
Office set out to establish the road as an in
dependent line. The present plan is to
reinstate Sidney Dillon as President of the
company.
General G. NJ. Dodge, it is understood,
will be made Vice President He is now
in Europe, but will soon return. In order
to bring the Atchison into harmony with
the Union Pacific Gould has taken large
stock interest in the company in addition
to the Rockefellers, who have control of
the Missouri, Kansas and Texas, and will
bring it into line with the other roads.
ADAMS SEES AN ENEMY.
New YORK, November 20th.-Dow, Jones
& Co.'s News Agency says: at is stated the
purpose of the visit of President Adams of
the Union Pacific here is to learn definitely
Just what he may expect from the changed
condition of the holdings of the ecompany's
stock. He told a friend last night that he
understands that certain large New York
stockholder is opposed to him. II satisfied
that this is true, he will resign at once.
Fred L. Ames was here yesterday in con-
ference with Gould with reference to this
very matter. A day or two will determine
the result.
THE SANTA FE COMPANY.
CHICAGO, November 20th.-The Santa Fe
has perfected arrangements to direct here
after all freight to and from Northern Cali
forna points via Colorado Springs and Col
orado Midland Railway. This will not
only give the Santa Fe a much shorter
route to Northern California points, but
enable it to transport freight such as green
hides, etc, which it could not handle here
tofore, owing to the hot climate on the
Atlantic and Pacific route.
NORTHERN PACIFIC.
New YORK, November 20th.-The World
saws The greatest piece of news IN Wall
street is that John D and William Rookie
feller, the Standard Oil magnates. hsd ac-
ouired control of the Northern Pacific
Railroad They are known to have been
heavy buyers of Northern Pacific preferred
during the late decline in values. They
bought in Northern Pacific at the request of
Jay Gould. They have great amount of
surplus money for which they have been
seeking advantageous investments.
The earnings OF the Northern Pacific are
now the largest in the history of the CON-
pany. The company, however, has been
suffering from ENHANCEMENT with other
Willard corporations, and the purpose of
the Rockefellers is stated to be to remove it
from them.
There is a scheme on foot to provide
connections for the Northern Pacific which
will make it an uninterrupted rail line
from the Atlantic to the Pacific. BY lis
alliance with the Wisconsin Central it al
ready reaches from Puget Sound to Chi
cago. and i,s route thence, it is said, will
be by way of the Baltimore and Ohio.
THE STORY DENIED.
New YORK, November 20th.-President
Oakes of the Northern Pacific was asked
what truth there is in the story of the
Rockefellers having obtained control of
the company. He said at is all nom
sense. There is not word of truth in it"