New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-23
FOR A MEETING OF PRESIDENTS.
RADICAL REFORMS IN RAILWAY MANAGEMENT
LOOKED FOR.

The financial situation Is not yet sufficiently cleared
to Justify the assembling in this city of the presidents
Of the Transcontinenta railroads IL the dissipation
OF clouds continues at the recent rate the meeting may
take place earlier than is now expected. But the
bankers, who are interested in the matter are certain
that such a meeting will be held. and that 1t will be
productive the most radical reforms in railway man
sgement. AS the proposed change in the Union
Pacific management is not yet completed perhaps some
delay may be causei on this point.
There further umors of Mr.. Gould's
ascendancy in corporations other than those with
which his name has recently been connected. The
conditions are believed 10 be favorable to the
completion of and comprehensive railway com
bnation without additional engagements on his part.
The report that changes were to be made In the
ktchison, Topeka and Santa Fe Board of Directors
TO admit Gould representation were denied yesterday
by both interests. The harmony established between
Missouri Pacific and Atchison is too substantial TO
require such action Jay Gould said yesterday
There is change contemplated In Atchison, for
we perfectly satisfied with the management Mr..
Sage and my son George are directors in the ST. Louis
and Francisco, and that assures all protection
II IL needed. j don't understand why the news
papers give me much credit for the improvement
downtown. have not done more than others.
have only helped matters as far could. The rail
road situation is growing better although know of
meeting. AS TO the attitude of the Chicago and
Altonl They conservative people and will do all
they can to establish permanent agreement. Their
position, understand It. hao
would agree to any plan which would not be over
turned The matter is simple If everybody
agrees the question of better rates is solved favorably
at once
One of the most prominent lawyers in the city, who
has been intimately connecee with the plans OF rail
road consolidation in the West said yesterday that the
call for a meeting of presidents of Western railroads
would have been issued had ii for the
recent excitement In Wall Street. 1t not thought
advisable said he to issue the call while such a
things continued. but it will certainly be done
now. The Southern Pacific. the Atchison. and the
Union Pacific roads already cooperating under the
agreement made on November /. Now il looks if
the Union Pacific, the Rock Island and the Northern
Pacific roads were trying TO effect a similar agree
ment thereby uniting the entire system Of lines
There Is nothing TO indicate that Mr.
Gould has purchased any large amount OF Atchison
stock, whatever he have done in the Union Pacific
lie secured stock by exchange when the Atchisou
road got control of the ST. Louis and san Francisco
TO give Mr.. Gould voice In the management
George G. Magoun, Of Kidder, Peabody d Co.. one
Of the bankers who have undertaken reformation OF
railroad methods. said yesterday
"A meeting of the railroad presidents has not yet
been called but there is the least doubt IN mind
that 1t viii be called Things certainly taking
that shape now and expect to see the meeting held
changes in the management of the Union Pacific and
the Northern Pacific roads, / not In position 10
speak. But from what know, am at least sure That
with that Of Mr. Gould, and that the action of the
Northern Pacific will be guided by that Of Mr.. Rookie
Concerning the MANAGEMENT of the Atchison, Topeka
and santa Fe road, Mr. Mago9n said that neither jay
likely to be- "That wmor probably arose" added Mr.
Magoun from the fact that George Gould Is connect
Cd with the St. Louis and San Francisco road which is
owned by the Atchison and that he attended the meet
ing Of Its directors in this city yesterday