The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-11-13
GOULD AND THE UNION PACIFIC.
Wall Street Stirred by Rumors Affecting
the Railro2d.

Wall Street Stirred by Rum0rs Affecting
the Railroad
New YORK, Nov. 12-One OF the most i'm.
portant instruments used for eff .ctine the rally
in stock values was the story that Jay Gould
had acquired control of the Union Pacific rail-
way. based on rumors printed in the morning
papers.
Tribune reporter saw Mr. Gould this after
noon, aud he denied the truth Of the published
story. Have you or your associates made pur.
chsses which rive you control of the Union Pa
cihc?" was asked.
ness transaction" Gould replied "All that
nave ever aid TO anybody was that the stocks
purchased paid for"
will you exert any influence upon the
Union Pac &c management, or in any way,
directly or indirectly, effect a change at the
next elect OnT'
Mr. Gould smiled and hesitated before reply.
ing: II am a, quainted with some of the iarg-
est stockholders in the company" he SAID. "and
might have some influence If I chose to exert
it, There is great dissatisfact ction over the con.
duct of many OF the railro ads There 10 "a up
rising whicn oug to eff CT great reform in the
ma iagement, for the roads have enough busi-
ness to give them large profits if they can OBJ
tain proper rates. In the Southwest we have
mad progress toward securing IN agreement
which will establish sui: able rates There has
been no conference today that l know OF ON
this subject. The progress reported as made to-
day is probably the result of previous confer
ences. The stock holders are aroused and in.
dignant over the result of warning rates The
best way 10 express the situation might be to
say that ii the railroad elections were to take
place now, the results might be as surprislng al
were the recent pniiticai elections"
William Rock teller whose name was con-
n cted with fictitious interview, said: 80
far q. am concern d, there is no hing in the
story. Pye not seen Could and have no interest
in the Union Pacific"
Much was made in Wall street OF what was
>aid 20 be an evasion of the direct issu. ss TO
the Union Pacitc's control when the questions
nere asked of Gould. Union Pacific long has
been the subject of speculative rumors The
VanderbIlts nave been said to be Sc. king
its control, in spite OF the oficiai
denials given by them. The suppos ltitious ,on-
test Tor control between the Vanderbilt and
Gould egious mas failed to save the Unlou Pa
CHIC stock from sharing iperaly in the lae
slaughter of values. 1t 10 common talk in Wall
street tnat there wi be q change in the Union
Pacific management at the next election, In
Marcn; dissatisfaction IS frequently expressed
with The present management, and many
stockholders accept implicitly the allegation of
the railroads rivals tna oy its surren ier to the
Chicago Northern, the Un on Pacific has con-
tribured the principal dem0raiz. ng ell, meut to
the Western raiiroai situation. Some Wall.
street persnns go tar rs TO say that the dissat
sired stockho ders OF the Union Pacific are suf-
iciently powell full 10 force the resignation of
Adams president. As yet there is no open
evidence of an organization for this purpose
BOSTON, Nov l2.-President Adams, of the
Union Pacific, in an interview with an Associ-
ated Press reporter in regard to the stateme MT
published this morning that Jay Gould had Sc.
cured control of the Uai0n Pacific, said he was
absolutely ignorant of the alleged fscts of the
Gould interview. and greatly gu uestioned
buted to him. A director of the Union Pa ifc
sa ne did not believe one word of the s.ory
PORTLAND, Nov. l2.-lSpecial l-Neia her Man
sger Mcneil nor Vice-PIesiden Thomson has
any information regarding the story that jay
Gould has secured coatrol of the onion Pacific
Tie for ner says ne would not De surprised if IL
were true. A prominent lawyer. WHO represents
men antagon,stic TO President Adams, received
te.egram from New York today saying it was
likely tat the am. party nad been over
thrown II 10 generally understo ID in Pr iani
that Fr derrick l. Ames and friends contro.
majority OF Ia stock Of the Union Pacific, and
as iney have been closely allied to the Adams
party In the past, iiitae stock Is taken In the
story.
SAN Francisco. Nov. &c p. huntington
president OF the Southern Pacific Company,
waen asked his opinion of the Import that Gould
was 70 assume control of the Union Pacific
aid: "Ir looks plausible. and ii II 10 true Gould
viii give the road new administration He u