The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-11-21
RAILROAD INTEREST.
Rumos Concerning the Pacific Reads.
Northern California Freight.

NEW YORK, Nov. 20.-Dow, Jones & Co.'s
News Agency says: ut is stated the pur-
pose of the visit of President Adams of the
Union Pacific here is to learn definitely just
what he may expect from the changed con-
dition of the holdings of the company's stock.
He told a friend last night he understands
that certain l9rge New York stakeholder
is opposed TO him. If satisfied that this is
true, he will resign at once. Fred L. Ames
was here yesterday In conference with Gould
with reference to this very matter. A day
or two Will determine the result"
President Adams of the Union Pacific and
President Hughitt of the Northwestern
have been in this city since Tues day, and it
is said some important DEVELOPMENTS will
soon occur. The Gould people state the
Board OF Directors Of the Union Pacific will
statement is circulated that President
Adams has signifed his willingness to hand
in his resignation if it is asked for. 1t is
also said if he finds large stockholders op-
posed to him he will resign.
President Cakes of the Northern Pacific
was asked wha. truth there is in the story of
the Rockefellers having obtained control of
the company. He said: Tits all nonsense.
There is not a word Of truth in it."
At Wizards office the following statement
was made: sit is not true that Willard has
given up his passage, to America, as pub
lished this morning. He will sail on the AL
len to-day"
The Northern Pacific Directors to-day de-
clared the quarterly dividend on it's pre-
ferred stock. The books close December
18th and reopen January 10Th.
The statement that the Rockefeller inter-
ests and their associates, generally known
as the Standard Oil party, had increased
their holdings of Northern Pacific pre-
ferred by 1000 shares caused much dis
cussion in regard to the Willard interest in
th. Ihn
this It is difficult to estimate. None
of the Rockefellers could be seen
to day about the reported purchase.
President Cakes said: Il confidently be-
leve the Rockefellers and their associates
lately added largely. to their holdings of
Company" He stated positively there was
no truth in the report that Willard would
retire or be forced out of the company.
Other parties Identified with both in
terests say the, $4,000 shares of
preferred stock held by the North
American COMPANY were hypothecated to
Sc ure loans, sold by creditors and then
bought in by the RockefellerS. The officers
of the North American admit that some of
its securities were sold, but decline to state
how many or what they consisted of. There
is a possibility that the Rockefellers may be-
come hostile to Willard on account Of recent
developments in the market At the regular
monthly meeting of the Northern Pacific To-
day nothing was developed
SANTA FEE FREIGHT ARRANGEMENTS.
CHICAGO, Nov. 20.-The Santa Fe has per-
feced arrangements to direct hereafter all
freight to and from Northern California
points via Colorado Springs and Colorado
Midland railway. This will not only give
the Santa Fe a much shorter route to North
ern California points, but enable it TO trans
port freight, snch as green hides, ETC., which
it could not handle heretofore, OWING to the
hot climate ON the Atlantic and Pacific route.