, 1890-11-13
UNION PACIFIC RUM0R
Jay Gould Declines to Com
nit Himself.
POSSIBLE CHANGE IN OFFICIALS
There Is Much Dissatisfaction
With the Management of
the Road.

/ New YoRK, Nov. l2-0nc OF the most
! important instruments used for effect
/ ing rally in stock values was the
theory that Jay Gould had acquired
control of the Union Pacific railway,
based OH rumors printed in morning
paper. \ Tribune reporter saw MIR.
Gould this afternoon and he denied the
truth of the published story.
Have you, or your associates made
purchases which give you control of the
! Union Pacific yct2" was asked.
II have nothing to say about my
private business transactions Mr..
Gould replied. "All that | have ever
said to anybody was that what stocks
purchased, paid for. ="
"Will you exert any influence upon
the Union Pacific management or in
any way, directly or indirectly, effect a
change at the next olection?'
Mr.. Gould smiled and hesitated before
his reply. ~ am acquainted with some
Of the largest stockholders in the COM
pany," he said. 81 might have some
influence II | chose to exert ii. There
is Il great deal of dissatisfaction over the
conduct of many of the railroads. There
is an uprising which ought to effect
great reform in the management. for the
roads have enough business to give them
large profits If they can obtain proper
rates. In the Southwest We have made
progress toward securing an agreement
which will establish stable rates. There
has been no reference to-day that know
of on this subject, The progress
reported us made to-day is probably the
result of previous conferences. The
stockholders are aroused and indignant
over the result OF wnrring rates. The
best way to express the situation might
be to say that If railroad elections were
TO take place now the results might he
Us surprising as were the recent political
elections"
William Rockefeller, whose name was
connected with the fictitious interview,
said; 80 far rs am concerned, there
is nothing in the story. l have not seen
Gould and have no interest in the Union
Pacific
Much was made in Wall street on what
was said to be the evasion OF direct is
sue as to tho Union Pacihc's control,
when questions were asked of Gould.
| The Union Pacific has long been the sub.
ject of speculative rumors. Nanderhilts
have been SAID to be seeking its control
in spite of official denials given by them.
/ The supposittious contest for control
between the Vanderbilt and Gould
legiUns has failed to save
Union Pacific stock from sharing lib
orally In the late slaughter of values.
II is common talk in Wall street that
there Will be q change in the Union Pa
c tic management al the next election IN
March. D,ssatisfaction is frequently ex-
pressed with the present managers and
many stockholders accept implicitly the
/ allegations OF railroad rivals that by its
surrender to the Chicago IL North west
crn, the Union Pacific has contributed
the principal demOralizing element to
the western railroad situation. some
Wall street persons go SO far as to say
the dissatisfied stockholders of the I'm
ion Pacific are sufficiently powerful 10
force the resignation of Adams as presi-
dent As yet, there Is no open evidence
of an organization for this purpose.