Los Angeles daily herald., 1890-02-01
RAILWAY AFFAIRS.
An Important Interview
With Mr.. Yerington.
HE TALKS OF THE UNION PACIFIC
1t Contemplates Line to San Fran
cisco-Presentatio to Amos
Burr-A Sad Incident.

A recent special to the Ban francisco
Examiner from New York, dated January
2Sth, gives an interview with Mr.. Yer
ington, the president Of the Carson City
and Colorado railway. The information
which Mr.. Yerington makes public in
this interview was obtained directly from
Charles Francis Adams, the president OF
the Union Pacific, and Colonel John
McCook, of the Santa Fe.
eyes," said Mr.. Yerington, "there is
no longer any doubt that the Union Pa
cific will build from Ogden and connect
with the Atlantic and Pacific near or at
Mojave. The rumors started in Southern
California that we were making for Long
Beach or San Pedro are far ehort of the
broad scope of the Union Pacific policy.
Northern California is the objective point
and San Francisco the legitimate destina-
tion of the traffic system.
1.-THE contracts for building the exten-
sion are ready to be let and in few
months the Santa Fe and Union Pacific
will be Joined together on California
SOIL"
docs this step once taken let the
Union Pacific into Southern California ?"
asked your correspondent.
"No doubt; but consider this much
more important fact. The Union Pacific
has determined to pool issues with the
Atlantic and Pacific, and build track
paralleling the Southern Pacific tracks to
San Francisco. This intention, as un.
derstand it, is to charge the cost of build
ing the track to both roads. This is q
conservative move, and adjusts the ex-
pense proportionately to the traffic east
and west"
when will the road be built to San
Francisco?"
"That cannot say precisely, but no
time will be lost you can be sure of that.
The first step is, naturally, making of a
correction with the Atlantic and Pacific
in this State.'
"You say that Mr.. Adams has decided
upon these important plans?" Mr.. Yer
ington was asked.
Yes" said the Nevada magnate,
emphatically, 81 certainly am able to
add a. few facts in connection with his
relations with railroad men and bankers
in the East. One fact in particular has
never been printed. You will remem Der
that year ago last December, Drexel,
Morgan & Co., representing J. M. Nor
gan q Co. of London; Kidder, Peabody
q Co., who are the New York agents of
Barring Bros, and Brown Brothers & Co. :,
whose London house is Brown, Shepley
d Co., combined for the purpose of read
ing the riot act to the presidents of the
Western and Southwestern roads. These
linaa for pnorlv tuo uoovo bovo baao ~
gagged in warfare Of rates.
"These bankers, at the request of
large foreign and American stock and
bond holders in these various railroads,
undertook to see what they could do.
'They called meeting of these presi-
dents to be held in this city at the palace
of Mr.. j. Pierpont Morgan, on Madison
avenue. The meeting was held. 1t was
not only by men residing in the
West, who had charge of the big sys-
tens, but by the presidents of those lines
who lived in that city. 1t was stated at
the time that @. P. Huntington. repre-
senting the big Southern and Central
Pacific systems, was one OF the repre-
sentative men at the meeting, and took
part in the discussion as to what had
better be done, and likewise signed
preliminary agreement, which was drawn
up, under which the gentlemen at the
meeting agreed to form what has since
been known as the Interstate Associa-
tion at Chicago, for the purpose of stop.
ping warfares, fixing rates on an equita.
BILE basis and maintaining them"
The correspondent of the Examiner
goes on to give the circumstances con-
nected with the formation of the Inter-
state Association as follows
Subsequently. in the early part OF the
January following, another meeting was
held at Mr.. Morgan's house, and again
it was given out that @. P. Huntington
was present. Your correspondent is able
to announce that, as matter of fact,
Mr.. Huntington was not present at either
of these meetings for the reason that
Pierpont Morgan, who presided at the
meetings, declined to invite Mr.. Hunt.
ington or to have him present at any
conference of the gentlemen. The Inter-
state Association was formed in due
course of time, and Mr.. Huntington's g
name did not figure in it although Mr..
Gould's did. Mr.. Huntington is not
over.popular with the big bankers of New
York and Boston. They never have
openly assailed him and they always re-
frain from criticising him openly, bu,
actions speak louder than words, and the
action on the part of Mr.. Morgan and
those associated with him seems to indi
cate that reports about the Pacific mag.
Mates affiliations with the big guns OF the
East are not true.
LOCAL RAILWAY NEWS.
1t would appear that a very harmoni-
GUS state of feeling prevails among the
local representatives of the various rail-
way lines. Whenever one of them leaves
the city to take position at some other
place, he is given hearty God-speed,
and not infrequently carries away some
substantial memento of the regard in
which he has been held. Amos Burr.
the representative of the Vanderbilt
lines, was yesterday given a pleasant
little surprise in the shape of presenta-
tion from his friends of a token of their
friendly feelings toward him. The gift
was valuable gold chain and locket
in which diamond was set. G. w.
Colby, of the Union Pacific, presented
the articles with neat speech. Those
present were James W. Adams, John
Clark, A. j. Hickman, @. E. Kibby, t.
III. Duzan, J. w. Smith, w. H. Sned-
aker. D. NJ. True, F.. w. Thompson, G.
HI. White, G. Worth, j. 9. Judson and
Geo. T. Phillips. Mr.. Bnrr will leave
for San Francisco today. TO take tho