Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-11-27
Dillon Succeeds Adams as President of
the Road.

Dillon Succeeds Adams as President of
the Road.
BosroN, November 26th.-Adams Presi-
dent OF the Union Pacific, delivered an ad
dress of resignation, which was adopted,
and Dillon has assumed the office of Pres
ident. The designations of John P Spaul-
ding. James A. Rumrill and Samuel Carr,
Jr., were also accepted, and Jay Gould,
Russell Sage, II. r. Hyde and a E. Orr
were elected to their places. Sidney Dill
lon, already Director, was elected Presi-
dent The resignation Of Vice. President
Lane was not accepted, and he will be re-
tanned IN that position. After discussing
the situation, the meeting adjourned.
Just before the adjournment the Direct
ors elected Gould and Sage to the Execu-
tive Committee in place of Adams and
Rumrill, and Hyde and Orr to the Finan-
eial Committee in place of Rumrill and
Spaulding, and Gould on the Committee
on CONF Getting Roads in place of Adams.
Dillon, in accepting the Office Of Presi-
dent, thanked the Board for its expression
of confidence, and declared it was his in
tention to do everything in his power to
forward the interest of the company. The
Executive Committee, now consisting of
Gould, Ames, Atkins, Dexter, Dillon, Sage
and Plummer, then went into session.
At the meeting of the Executive Com
mittee the name of S. H. H. Clark, Vice
President of the Missouri Pacific Railroad,
was mentioned for the position of General
Manager Of the Union Pacific, but no &C.
ton was taken. The committee adjourned
without transacting any business of public
interest.
GOULD INTERVIEWED.
BosToN, November 26th.-Gould, in an
interview with the News Bureau, SAYS
The details of my plan are not yet worked
out. The Northern Pacific, Northwestern,
Atchison, Missouri Pacific and Wabash are
united in its favor, and Orr, just elected to
the Union Pacific Directory, represents
David Dow's estate, which has large in
terest in the Rock Island. l have not yet
seen the Chicago, Burlington and Quincy
people. Actual consolidation would be
good thing, but that is not yet possible IN
der the laws. What we want is a new.
strong association, superseding the present
various western railroad associations aud
making rates. and the distribution of terri
tory and traffic to be with that association
in which each road is represented. The
stockholders must assert themselves. 1t is
all right when dividends are paid. Then
the stockholders are quiet but when the
financial returns are not forthcoming, there
will be an overlurniDg Just as in ma
tional election, when times are bad there
will be a change. There are railroads
enough in the Western country for the
next five years. We want now to intell-
gently develop the country and have it
grow up TO the capacity of the roads with
out running shareholders by competitive
rates, which are an advantage to nobody"
In another interview Mr.. Gould, when
asked what his plans were in regard to the
Western branches of the Union Pacific,
said an effort would be made to make them
earn something. This could be done by
slight advance on rates, which would be
sufficient to make the roads pay. He dis
claimed any knowledge of a deal with the
Northern Pacific. He said: There seems
to be an impression that l am mixed up in