The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-22
GOULD ON EVERY SIDE.
Union and Northern Pacific Are
His, Sure Enough.
WILLARD AND ADAMS CRUSHED.
A Monster Railroad Octopus, With
Arms in All Directions.
Union. Northern and Southern Pacific.
Pacific Mail, Atchison, Missouri Pa
cihc and Other systsms Under one
Contsol.
WILLARD AND ADAMS CRUSHED.

New YoRK, Nov. 21.--ISpecial. Tire
mendous revolutions are believed in Wall
street to be impending in the control Of
several important Western railway prop
critics, and as sequel it is expected that
such . union OF interests will be reached
that new plan for the regulation Of rates
can be carried out which will pre-
vent q slaughter of the net earnings that
have attended the trafdc of 1890. jay
Could Is generally conceded to be the man
who has largely produced these results, and
to his influence 10 ascribed . considerable
part OF the restoration of confidence in
values. There is believed to have been Z
change OF ownership in several pro operties
that will remove obstacles that have pre-
vented . renewal Of the interstate Rail-
way Association.
New YORK, Nov. 2l.-It was stated this
afternoon that an alliance has been formed
between the interests represented by
George G. Magoun, of Kidder, Peabody &
Co.. Jay Gould, G. p Huntington and the
Standard Oil party. by which all the rail-
roads owned or controlled by them indi-
vidually or jointly. would be operated to-
gether, practically under Gould's direc-
tion. The alliance includes the Southern
Pacific. Union Pacific, Missouri Pacific,
Northern Pacific, Atchison, Wabash, Kan
sas &. Texas, Texas Pacific and many
other roads. It is said tn at Gould ia try
ing to force the holders of the Rock
Island either to sell their stock at
about the present price or join hands
with the other roads in the alliance. The
burlington sad Chicago d Alton will act
with the allied roads in whatever steps
may hereafter be taken, but there are fears
that the Vanderbilts may be angry at the
loss of their traffic contract or that the
Union Pacific may refuse to Join if the
Vanderbilts and the roads controlled BY ].
Pierpont Morgan can be brought in. A
meeting of the bankers and railroad
presidents of all the roads in the country
will be called. and q new association
formed, and then material advance in all
railroad rates will at once be ordered.
Gould was asked this morning in refer
ence to the report that be had got control
OF the Atchison. Topeka q Santa Fe rail-
road. He said the report was erroneous,
although he admitted that heowned : con-
siderable portion Of the Atchison stock.
he sstd that the Missouri Pacific and the
Atchison hadesntsred into N aapeeanent
with reference to the future business policy
of the roads. and that they had agreed
that neither shall build any competing
roads into the territory OF the other with
out the full understanding and consent Of
the other. With reference to the rates on
transcontinental lines, Gould expressed
confidence that the agreement between the
presidents would be renewed and strictly
maintained within short time. tits. un-
derstood that nearly all the roads inter.
ested favor the restoration Of the ratas. II
only remains for the bankers to call the
presidents together.
1t was authoritatively learned today that
meeting of the principal stockholders of
the Union Pacific for the reorganization of
the board OF directors will be held next
week. 1t is understood that Charles Fran
CHS Adams will retire and be succeeded bv
Sydney Dillon. The new board of direc-
.ors will include Russell Sage. Jay Gould.
Alexander Orr and Henry B. Hyde. The new
board intends to appoint some young act.
i've railroad man as vice president and gem
eral manager. whose headquarters will be
at Omaha. The person to be selected has
not yet been determined. but an endeavor
will be made to secure q young man of
abundant railway experience and the high
est capability.
The Vanderbilt people admit that Gould
has got control of the Union Pacific. One
of the parties named as a director. said the
board wonld soon be reorganized. John
D. Rockefeller. working with Gould, had
brought the change about He refused 10
speak about the future policy of the road
in regard to the Northwest traffic agree.
ment
Chauncey NJ. Depew. president Of the
New York Central, was seen tonight and
asked what the Vanderbilts would do
about the alliance. He replied:
Well. - don't know anything about this al.
lance. could not say without looking into it.
Come around again and may tell you.
The last edition of the Commercial Adrex.
fisey asserts positively that Gould viii
shortly take control of the Union Pacific
The first action by the new directorate
will be the abrogation of the traffic ar
rangement with the Chicago q North.
western. forcing the Wander bilts to take the
same position regarding Union Pacific bus
mess. The new directors are Russell
Sage. Alexander E. Orr. Jay Gould and H.
B. Hyde. Adams will resign at once and
be succeeded by Dillon. The Rockefeller
interests combined with Gould. have ef-
fected the change. The advertiser also re-
wives the report that Gould has control of
the Atchison.
To reporter Gould said this afternodA.
know nothing - to whether Adams has
placed his resignation in the hands of Ames
Adams and Ives visited me yesterday, and the
former expressed strong desire to be relieved
from the Office Of president. He suggested that
he resign and that meeting of the sfoekhold-
ers ior action upon the gnation be called for
next week. presume that he intrusGed his res.
ignation to Ames.
A meeting will be held and it is likelv
that other vacancies in the management
will be filled. Dillon has been mentioned
as the successor of Adams. 1t is probable
should Dillon be chosen, there will be
elected along with him a vice president.
who should also act as general manager.
with headquarters at Omaha.
Gould added that such q move vonld
make The relations of his interests to the
Union Pacific closer.
CHICAGO. Nov. 2l.-The Tribune SAYS:
There can no longer be any doubt that the
control of the Northern Pacific railway
mas been wrested from Henry Willard and
those associated with him. Ali reports
agree that the combination consisting of the
Vanderbilts. Jay Gould, Drexei, Morgan,
& Co and John ID. and VIM Rockefeller, of
the Standard Oil Company, mas secured
control of the road. The Standard Oil
Company has been absorbing Northern
Pacific stock for some time, and so has Jay