The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-11-20
TRANSC0NTlNENTAL.
Charges in the Pacific Mail Directory.
Purchases by Gould.

NEW YORK, Nov. 19.-At a meeting of
the Directors of tie Pacific Mail this after
noon George Gould was elected President
and j. B. Houston Vice-President. Jay
Gould, George J. Gould and Russell Sage
were elected Directors. Gould has regained
control of the Pacific Mail Steamship Com
pany. The contest of last spring, by which
George Gould was ousted from the presi-
dency and Gould's representatives from the
directory, will be remembered. George
Gould made hard fight at the annual meet
ing, May 23d, to retain his hold, but failed.
His report, delivered to the stockholders at
that time, stated that he met with opposi-
tion it, plans from certain railway interests
in the directory. These interests, it was
was then understood, were those Of the
Southern and Central Pacific reads, repre-
sented in the directory by c. p. Huntington.
George Gould's favorite plan for promoting
the interests of the Pacific Mail Company
was to extend the business by putting on
steamship line between Tacoma and Japan
and China. This scheme, of course, was to
The advantage of the Northern Pacific road,
which has connections at Tacoma. ConSe-
quently it was bitterly opposed by Hunting
ton.
at the meeting of Directors this afternoon
George Gould was present, representing the
Gould and Sage interests. The designations
of Edward Lauterbach. c. Nj. McG-e and
Oliver ii. Payne were received, and George
j. Gould, Jay Gould and Russell Sage
elected in their places. Then ]. B. Houston
resigned the office of President. and was
succeedei by George J. Gouln, who imme-
diately offered q resolution that Houston be
elected VicePresident and General Mana
ger. This was carried without dissent The
Directors decline TO state whether the policy
OF the company will be changed in regard to
making closer connections with the North
ern Pacfi, and terminus at Tacoma. An
other meeting of the Directors will be held
tomorrow, and this matter may be brought
up then.
Kiernan's Agency says the Pacific Mail
Directory changes are the outcome of ami
cable arrangements between the Gould and
Hart factions, and are entirely agreeable to
both. There are no stocked hands.
Following is issued by Dow, Jones & Co.:
The reasons given by authority for the sud-
den changes in Pacific Mail are, first, that
Gould has become the controlling factor in
the transcontinental business of this coun-
try, and it was important he should also
control the Pacific Mail. an important link
In the general chain; second, Gould's pride
has been more or less hurt by the usurpa-
ton of control by other interests at the last
election, and naturally it is a matter of
pride to get the control back again third,
representative interests in the stock were
anxious that harmonious relations should be
established with Gould, and it was at their
quiet and peaceable way"
President Inman Of the Richmond Termi-
nal says Gould has purchased the seventh Of
100000 shares Of the company, which will
entitle him to name three or four of the
eighteen members of the directory.
Dow, Jones & Co.'s Boston special says it
is probable the Atchison Directors will meet
oftener hereafter. 1t is understood buyers
shipped their AtchiSon bonds to Berlin and
then ordered them TO Paris from where or
ders Tor their sale were issued many weeks
ago.
CHICAGO, Nov. 20- 1t is reported that the
Rock Island and st. Paul have made traffic
arrangements with the Union Pacific smi-
lar to that between the Union Pacific and
the Northwestern.
George Gould said to a reporter: MY
election was due to my having decided to
take back the interests in the company with
which l parted last May. 1 was actuated in
part by reports spread abroad that l had
been unfriendly to the company and pursued
a policy unfriendly to its prosperity. l find
the affairs of the company in an excellent
condition. There is harmony among all the
members of the Board of Directors"
Jay Gould said: "The new board adopts
policy of working in harmony with the over
land roads, in order that rates may be main
tanned. ard all concerned get share OF the
profits"
The Board of Directors is: Jay Gould,
George Gould, Russell Sage, Calvin Brce.
Samuel Thomas, C. p. Huntington, Henry
Hart, j. b. Houston and Isaac +. Gates.
A local paper says this evening: When
the present financial furry is over. a marked
change will bs found in the relations and
ownersbips of some of the more important
systems. 1t is understood definitely that
Jay Gould has acquired large interests in
the Atchison, and that George Gould will be
one of the Directors. 1t is almost certain
that Gould has acquired large holdings in
the Union Pacific, and 1t is admitted that he
has gained control OF largo portion Of the
Richmond Terminal stock.