The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-11-22
GOULD'S BIG DEAL.
Gigantic Combination Of West
ern Railroads.
" The Wizard in Possession Of The Union
Pacific Company.
Masoun, Huntington and the Standard Oil
Party Join In the Formation Of
Great Trust.
Special TO THE MORNING CALI.


report that he had got control Of the Atchi-
son, Topeka and Santa Fe Railroad. He
said the report was erroneous, although ho
admitted he owned a considerable portion OF
the Atchison stock. He said the Missouri
Pacific and Atchison roads had entered into
business policy of the two roads. They had
agreed that neither shall build any compel
ing roads into the territory Of the other with
out the full understanding and sanction OF
the other. With reference to the rates of
transcontinenta lines, Gould expressed con-
fdence that the agreement between the Pres
idents would be renewed and strictly main
tanned within short time. Under the new
situation nearly all the roads interested favor
the restoration of rates. 1t only remains
for the bankers to call the Presidents to-
gether.
THE UNION PACIFIC.
1t was auth oritatively learned to-day 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
els Adams will retire, and be succeeded by
Sidney Dillon. The new Board of Directors
will include Russell Sage. Jay Gould, Alex
ander E. Orr and Henry r. Hyde. The new
board intends to appoint some young, active
railroad man as Vice. President and General
Manager, whose headquarters will be at
Omaha. The person to be SO treated has
not yet been determined upon, but an en-
deavor will be made to secure young man
of abundant railway experience and of the
highest capability.
The Vanderbilt people admit that Gould
has got control of the Union Pacific. One
of the parties named as Director said:
" The board will soon be reorganized John
D. Rockefeller, working with Gould,
brought the change about" He refused to
speak about the future policy of the road in
regard to the Northwest traffic agreement.
AN ALLIANCE FORMED.
1t was stated this afternoon that an
alliance has been formed between the inter-
ests represented by George c. Magoun of
Kidder, Peabody & Co., Jay Gould. c. P.
Huntington and the Standard Oil party, by
which all the railroads owned or controlled
by them, individually or jointly, shall be
operated together, practically under Gould's
direction. The alliance includes the South
ern Pacific, Union Pacific, Missouri Pacific,
Northern Pacific. Atehison. Wabash, Kansas
and Texas, Texas Pacific and many other
roads, 1t is also said that Gould is trying to
force the holders of Rock Island either to
sell their stock at present prices or join
hands with the other roads in the alliance.
The Burlington and Chicago and Alton
roads will act with the allied roads in what
ever steps may hereafter be taken, but there
are fe arS that the VanderhiltS may be angry
at the loss Of their tariff contract with the
Union Pacific and may refuse to join. If the
Vanderblts and the roads controlled by j.
Pierpnnt Morgan can be brought in. meet
ing of the bankers and railroad Presidents
of all the roads in the country will be called,
a new association will be formed. and ini-
mediately a material advance in all railroad
rates will be ordered.
ADAMS ANXIOUS TO RETIRE.
To reporter Gould This afternoon said:
II know nothing as 10 whether Adams has
placed his resignation in the hands of Ames.
Adams and AmeS visited me yesterday.
The former expressed strong desire to be
relieved from the office of President. He
suggested that he Should resign, and that a
meeting of the stockholders be called for
action upon the resignation next week. /
presume, If the rumor is true, he has inirust-
ed the resignation to Ames. The meeting
will be held. likely, at which, also, vacan-
cieS in the management will be filled. Dill
Ion has been mentioned as the successor of
Adams. Probably, should Dillon be chosen,
there Will be elected along with him Vice.
President, who should also act as general
manager, with headquarters at Omaha"
Gould aided that such a move would make
the relation of his interests and the Union
Pacific closer.
GOULD WILL ASSUME CONTROL
The last edition of the Commercial Adver-
a. rAl. hat a
shortly take control of the Union Pacific.
The first action by the new directorate will
be the abrogation of the traffic arrangement
with the Northwestern. forcing the Wander
bilts to take the same position regarding
Union Pacific business; The new Directors
Gould and H. b. Hyde. Adams will resign
at once and be succeeded by Dillon. The
Rockefeller interests combined with Gould,
have effected the change. The Advertiser
also revives the rerort that Gould has OBJ
tanned control of the AtchisOn.
DEPEw WOULD NOT TALK.
Chauncey Depew, President of the New
York Central, was seen tonight and asked
what the Vanderbilts would do about the
alliance. "N ell, as don't know anything
about this alliance could not say without
looking into it. Come around again and l
may tell yOu."
ADAMS is NoN-COMMUNICATIvE.
BOsToN, Nov. 21.-Presldent Adams, Di-
rector Amps and other Directors all decline
to say anything about the report of The pro-
posed transfer of Union Pacific to the Jay
Gould interest. President Adams says:
"You may say decline to be- interviewed"
WILLARD OUT IN THE COLD.
CHICAGO, Nov 21.-The Tr bune says:
There can no longer be any doubt that the
control OF the Northern Pacific Railway has
been wrested from Henry Willard and those
ota ad with him A N rannrfc that
a combination consisting oil the Vanderbilts,
Jay Gould, Drexel, Morgan G Co. and John
and William Rockefeller Of the Standard
Oil Company has secured control OF the
road. The Standard Oil Company has been
absorbing the Northern Pacific stock for
some time, and so have Jay GouId and other
members of the big syndicate. The Northern
Pacific is especially valuable to the Stand
ard Oil Company, because the latters great
refneries are located at the eastern termi-
nus Of the Chicago and Nnrthern Pacific,
formerly the Chicago and Calumet Termi-
nal, at Writings. near the southern limits
If this city. This belt-line. owned by the
Northern Pacific, intersects every railroad
entering Chicago and the Standard Oil Com
pany can d stribute its products among the
various railroads without having, to pay toll
for switching and hauling, which gives it
immense advantage over its competitors.
In fact, it. partnership with the Could
Vanderbilt combination enables it to dictate
terms to nearly every railroad in the cOun-
try as far as making 0il-rates Is concerned.
THE BALTIMORE AND OHIO.
It is believed the Standard Oil has fastened
on the Baltimore and Ohio and will soon get
control of that company. The Baltimore
and Ohio joins the Northern Pacific at
Writings, where the Standard Oil COM
pany's works are located, and the two
roads, jointly, will form an uninterrupted
through line from the Atlantic to the Pacific
coast. AS there is but little doubt that the
Could -Vanderbilt-Standard Oil combination
has also secured controlling interest in
the Pacific Mail steamship Company. the
Union Pacific, Atchison, Topeka and Santa
Fe and the Southern Pacific, the fact is
demonstrated that the giant combination
means the control of all transcontinentel
routes, with tine exception Of the Canadian
Pacific.