Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-11-13
GOULD'S GRAB.
He is Said to Have Secured Control of the
Union Pacific.


New YORK, November 12.-Jay Gould
has secured control of theUnion Pacific
Railway-at least, that is what he him
self says.
Interested with him in the deal which
has led to the acquisition of this prop
erty, or rather to the establishment Of
his power in it, are, according to his
own statement, William and John ID.
Rockefeller.
Mr.. Gould said to a visitor yesterday:
"The Union Pacific has come under our
control. Mr.. Charles Francis Adams
will cease to be President. | will prob
ably take the Presidency myself. Mr..
Adams has been managing the prop
erty after fashion which sets
business control wholly at
naught, and under his direc-
tion the Union Pacific, more than any
other railroad in the West, has dis
turbed and upset harmony, knocked
down rates and forced the handling OF
business without profit. That sort Of
thing has gone so far that important in
terests in the company, including Sid
ney Dillon, Frederick Amer and other
prominent stockholders, have deter
mined that his administration must end.
| have become large owner of the
stock during the recent wholesale de-
clines in its market value. Purchases
of an important character have also
been made by the Rockefellers. Mr.. Dill
Ion, Mr.. AmeS and other old stockhold-
ers are anxious to cooperate with us,
and, indeed. invited us to assume the
control, direction and management Of
the property, and we accepted"
Mr.. Gould, continuing what seemed
to be very frank declaration as to his
Union Pacific acquisition and plans,
said: "The Union Pacific hereafter
will not be q disturber of Western rail-
way peace. The Union Paciiic-North-
west combination would be no longer
able TO prevent the maintenance of har-
mony among the leading Western rail-
roads" He added that what he had in
view was new association for the
Western railroads, including those of
the Southwest and Northwest, which
would be much more effective than had
been any other association ever in the
field. Rates would not be put up one
day to be cut down secretly the next.
He intimated that his old idea OF rail-
way clearing house-practically rail-
way truSt-would now be put in opera
tion.
Mr.. Gould spent much of Yesterday
i'm Wall street, in consultation with Off
GERS Of the Atchison, Topeka and Santa
Fe railway. He declares that the Mis-
souri, Pacific and Atchison railways have
reached an agreement which Will create
lasting peace in Southwestern territory.
There are even intimations that one OF
his sons NAV become an Atchison direc-
tor. and that member of the firm OF
Kidder, Peabody & Co. may come into a
like relation in the Atchison directory.
Mr.. Gould said that rates would be
put up, aud that the railroads OF the
West would earn double the amount of
money that this years figures show.
He added that he believed the arrange
ment now in view would have an effect
upon the investing public-reflecting in
Wall street quite as chcerfully as did
the West Shore deal of half dozen
years ago.
Mr.. George Gould was seen by re-
porter to-day, but he refused to talk on
the subject. Mr.. Russell Sage was also
seen. He expressed the belief that MI.
Gould had obtained control OF the road.
He said the latter had been buying
Union Pacific and Missouri Pacific for
some time, and added that Mr.. Gould 5
control OF Union Pacific was just what
was needed 10 straighten out the rail-
road situation.
A Boston dispatch saws: President
Adams, of the Union Pacific railroad,
said this morning, in an interview with
reporter Il am absolutely ignoran,
of the alleged facts in Mr.. Gould's inter
view, and | greatly question whether
Mr.. Gould ever made the remarks at
tributed to him. The Union Pacific Is
not negotiating with any railroad, is al
peace with the world, is maintaining
good rates on its traffic, and will proba'
bly, continue to be operated 'with con
servatism in its traffic affairs" Another
director of the Union Pacific laughed al
the story that Mr.. Gould had acquired
control of the road, and said: 81 don't
L Of