The Globe-republican., 1890-12-03
GOULD ON ADAMS.

Jay Gould Critioixes Charles Francis Adams
as . Railroad Manager-Too Much of .
The0rist.
New YORK. Nov aa-Jay Gould was
seen by a Tribune reporter last evening
and asked whether there would be any
further changes in the management OF
the Union Pacific He answered: mo
further changes are contemplated. Mr..
Dillon will devote himself to the build
ing up of the property, and his practical
experience and thorough knowledge
will soon have this effect He is famil-
lar with the road, which will make his
task easier than it would have been in
an entirely new and untried business
Mr.. Dillon is an old man, as you say
but it was at an advanced age when Mr..
Vanderbilt was king of every thing.
and Mr. Dillon is strong and fearless
both in mind and body"
In regard to the address Of Charles
Francis Adams in resigning the presi.
dency, Mr.. Gould was somewhat reluc-
tant to speak. I'VE did not see it" he
said, until we were on the train on our
return. Mr.. Sage was extremely in
dignant and doubt if he would have
entered the board if he had heard the
address 1 was surprised at the tone of
it for when Mr.. Adams came to see me
last week he thanked me for my effort
to strengthen the company. His state
ment was to harmonic the board,
The fact is, as understand,
that the directors really knew
very little about what the president
was doing. There is piece of road out
inpU tab graded and ready for the rails,
and although it is $50 mics long the di-
rectors know nothing about it. There
is another piece eighty miles long in
Southern Kansas, on which I believe
the rails have been laid. 1t does not
connect anywhere with the Union Pa
cific system. and the directors were sur
building it. These extensions and the
purchase of the Oregon railway and
navigation, which 1 think was wise
one, have created considerable float
ing debt but it can easily be handled
What is specially surprising is the
addition of about 1000 names to the
pay roll and have not yet been able to
find any one who can explain the in
crease. The fact is that the road has
been run on principles that have never
before been carried into practice. The
difference between tho two presidents
is very simple but very great Mr.. Dill
Ion is an honest, practical railroad man,
while Mr. Adams is a theorist
when l was in Kansas City last l
heard that Mr.. Adams personally owned
controlling interest in the stock yards
there, and that the railroad was deliv-
ering livestock at rates that barely COW
cred the cost of transportation, while
the stock yards earned 81, 600, 900 in the
last year. This is something we never
permit on our lines
THE change in the management Of
the Union Pacific insures harmony
among Western railways and the forma-
ton of a strong assoc alton on about
the basis suggested by Chairman Walk
er 1t was the Union Pacific that broke
up the 'gentlemen's agreement al
though Mr.. Adams was active in form.
ing it 1t will be the purpose of the
new association not so much to advance
rates as to enable the railroads to get
those now supposed to be in force. In
stead of a great paraphernalia of agents
and solicitors, the association will have
central agents in the large cities and
the freight can be routed under the
orders Of the committee chosen
by the association. The saving by the
abolition Of the independent officers
will be very large, while rates will be
very easily and firmly maintained.
Railroads will get the rates in the pres
ent schedule and traffic managers will
have time for other work than liste ming
to yarns about rates by some other line.
Such an agreement will preserve COM
petition for it will tend to give the lit
tie roads chance. while the present
method is driving them into the control
of the larger systems l think every
State in the Union ought to pass laws
mpelling the observance of an agree
ment on that basis"