St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-20
FOUR INIT NOW.
AccessiOns to the Union Pacific.
Northwestern Alliance.


CHICAGO, Nov. 19.-The Chicago,
Rock Island & Pacific and the Chicago,
Milwaukee & st. Paul railroads have
formed traffic alliance with the Union
Pacific similar to that existing between
the Union Pacific and Chicago & North
western. Under the new agreement
the Union Pacific will prorate with
the Rock Island at all points where the
two roads connect. On business to
points west of Denver the Rock Island
is allowed its full proportion to Denver,
and ON eaSt-bound business the Union
Pacific allows the Rock Island the same
proportion of rates as it allows the
Northwestern. The Milwaukee &S st.
Paul evidently shares with the Rock
Island the benefits of the new agree
menf, as j. is understood TO have made
traffic agreement with the Rock Island
and Union Pacific, whereby the former
gets its business from the Missouri to
Denver, and the latter from Omaha to
San Francisco and Oregon. The new
agreement is evidently a part of the
GOuldV Vanderbilt scheme to force all
Western roads into their proposed big
combine. The Burlington has thus far
shown a spirit of independence, and to
force it to terms the arrangement with
the Rock Island other roads was made.
Repurchased His Former Interest.
George Gould said to reporter: My
election to the presidency was due to
my having decided to take back the in
tereSts in the company with which |
parted last May. l was actuated i'm part
by the reports spread abroad that | had
/ been unfriendly to the company, and
had pursued policy unfriendly to it's
ittr / Ht,A fl.x, fn1, 1e A.
company in an excellent condition, even
better than had expected. We have
S500,0O0 in cash. and two steamers in
process of construction and half paid
for. There is the most perfect harmony
among all the members of the present
board of directors, and we will work to-
z. ther, shoulder to shoulder, in the in
terest of the company" Jay Gould
said to the reporter: The
new board adopts the policy of
working in harmony with the
overland roads, in order that rates may
be maintained, and all concerned get
share of the profits" The board of di-
rectors as it now stands is composed as
follows: Jay Gould, George Gould.
Russell Sage, Calvin Brice, Samuel
Thomas. c. p. Huntington, Henry Hart,
j. b. Houston and Isaac E. Gates. An
evening paper says: wall street is
Watching Mr.. Gould with a great deal
of interest at present. During the last
two months he and his son have been
very active, and the results of their ac-
tivity have been very apparent in the
market. They have taken advantage of
the great depression in stocks to accu-
mulate large holdings in a number of
different properties. When the present
excitement in the financial world is over,
m n yuiI 1,n
the relations and OwnerShipS of some of
the most important systems OF roads.
Within the last few days a great deal
has been said about Mr.. Gould's pur-
chaSeS of AtchiSOn stock. Gould saws
himself that he is large StOckhOlder in
AtchisOn, and that he
Admires the Management.
but has no desire to extend his present
active interests. 1t is also stated, al
though not authoritatively, that George
Gould will go into the Atchison direct
DRY. Concerning Mr.. GOuld's supposed
relations with the Union Pacific much
has been written of late. and it is looked
upon as almost an assured fact that
Mr.. Gould has recently acquired
large holdings of Union Pacific
stock. Mr.. Gould says that he does
not know anything about the question
VI 4hl' OiAiOu . ouppOoOQ dCCGSSlOIl 10
the presidency of the Union Pacific,
The annual election of the Richmond
Terminal will occur on Dec. 9. Mr.
Gould says of his acquisitions of Rich
mOnd Terminal stock, as he does of his
acquisitions of Atchison stock. that he
does not propose to extend his interests
at present. In this connection an inter-
view with Jay Gould, published in the
Stakeholder this morning. is interesting.
He is quoted as follows: "Good will
come out of the present depression.
Some railroad managers will not feel as
big as they did few months ago. l
have noticed mellowing already on the
part of few of them. The big head is
a terrible disease, and if ever get it
hope my friends will put me in an
asylum. The managers of railroads
should feel themselves responsible to
the bond and stockholders. and the lat
ter will, in future, assert their rights in
a way that will correct the evils from
which they have suffered the past few
years."
Not Eligible to Scrutinize.
CrTCAcn Nov 1Q-A n,aat}pO oF ila