Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-11-22
RAILROAD CIRCLES.
Rumors- of Numerous Changes to
Made in the Near Future

RUmors of Numerous Changes to be
Made in the Near Future
NEW YORK, November 21st-It was au-
thoritatively learned to day that a meeting
of the principal stockholders of the Union
Pacific for the reorganization of the Board
of Directors will be held next week. II is
understood that Charles Francis Adams
will retire and be succeeded by Sidney Dill
Ion. The new Board of Directors will in
clude Russell Sage, Jay Gould, Alexander
E. Orr and Henry L. 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 30 treated
has not yet been determined upon, but an
endeavor will be made 10 secure young
man OF abundant railway experience and
of the highest capacity. The Vanderbilt
people admit that Gould has got control cf
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.
NORTHERN PACIFIC.
CHICAGO, November 21st-The Tribune
says: There can no longer be any doubt
that the control of the Northern Pacific
Railway has been wrested from Henry Vii
lard and those associated with him. All
reports agree that combination consisting
of the Vanderbilts, Jay Gould, Drexel,
Morgan & 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 on bave low GOu1d apd otbor nm, hove
of the big syndicate. The Northern Pacific
is especially valuable to the Standard Oil
Company because the latter's great refin-
cries are located at the eastern terminus of
the Chicago and Northern Pacific, formerly
the Chicago and Calumet Terminal, at
Writings, near the southern limits of this
city. This belt line, owned by the North
ern Pacific interests every railroad enter
ing Chicago, and the Standard Oil Com
paDy car distri5Ite 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 its partnership with the Gould
Vanderbilt combination enables Il to direct
terms to nearly every railroad in the coun-
try as lar as making oil rates is concerned.
GRAND ALLIANCE.
NEW YORK, November 21st.-It is stated
this afternoon that an alliance has been
forced between the interests represented by
George G. Magoun. of Kidder, Peabody &
Co, Jay Gould, c. P. Huntington and the
Standard Oil party, by which all the rail-
roads owned or controlled by them, indi-
vidually or jointly, shall be operated to-
gether, practically under Gould's direction.
The alliance includes The Southern Pacific,
Union Pacific, Missouri Pacific, Northern
Pacific, Atchison, Wabash, Kansas AID
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 will act
| with the allied roads in whatever steps may
hereafter be taken, but there are fears the
Vanderb lis may be angry at the loss of
| their tariff contract with the Union Pacific
and refuse TO join. If the Vanderbilts and
| the roads controlled by J. Pierpont Morgan
can be brought in, meeting Of the bank
ers and railroad Presidents of all the roads
| in the country will be called, new asso-
ciation will be formed, and Immediately q
material advance in all railroads rates will
al once be ordered.
Chauncey NJ. Depew, President of the
| New York Central, was seen tonight and
asked what the Vanderbilts would do about
the alliance. well, as l don't know any
thing about this alliance, couldno say,
without looking into il. Come around
again and ! may tell you."