Los Angeles herald., 1890-11-13
JAY GOULD'S GALL.
"A RumOr that He GObbled
the =. P. Road.
The Canard Used as a Bull in
Wall Street.
Gould Denies that He Has Acquired
a Controlling Interest.
But He Says the Stockholders Are Ready
to Rebel Against President Adams
Ruinous Rule.
Associated Press Dispatches.

New York, Nov. 12.-One of the most
important instruments used for effect
ing rally in stock values, today, was
the theory that Jay Gould had acquired
control of the Onion Pacific railway,
based on rumors printed in a morning
paper. A Tribune reporter saw Mr..
Gould this afternoon, and he denied the
truth of the published story.
"Have you or your associates made
purchases which give you control of the
Union Pacific" was asked.
81 have nothing to say about my pri-
vate business transactions" Gould re-
piled. "All that ever said to anybody
was that what stocks purchased paid
for"
"Will you exert an influence upon the
Union Pacific management, or in any
way, directly or indirectly, effect
change at the next election? 2"
his reply.
''I am acquainted with some of the
largest stockholders in the country, he
said. II might have some influence if L
chose to exert it. There is great dis
satisfaction over the conduct of many of
the railroads. There is an uprising
which ought to effect great reforms in
the management, for the roads have
enough, business to give them large
profits if they can obtain proper rates.
In the southwest we have made progress
toward securing an agreement which will
establish stable rates. There has been no
conference today that l know OF on the
subject. The progress reported as made
today is probably the result of previ
Gus conference. The stockholders are
aroused and indignant over the result of
warning rates. The best way to express
the situation might be to say that ii the
railroad elections were to take place
now, the results might be as surprising
as were the recent political elections"
Rockefeller Denies the Rumor.
William Rockefeller, whose name was
connected with the fictitious interview,
said: $50 far as am concerned, there
is nothing in the story. have not seen
Gould, and have no interest in the Union
Pacific"
Much was made in Wall street on
what was said to be an evasion OF the
direct issue as to the Union Pacific's
control, when questions were asked OF
Gould. The Union Pacific has long been
the subject OF speculative rumors. The
Vanderbilts have been said to be seeking
its control, in spite of the official denials
given by them. The suppositions con-
test for its control. between the Wander
bilt and Gould legions, has failed to save
Union Pacific stock from sharing liber-
ally in the late slaughter OF values. 1t
is common talk in Wall streetthat there
will be change in the Union Pacific
management at the next election, next
March. Dissatisfaction is frequently
expressed with the present managers,
and many stockholders accept implicitly
the allegations of the railroad rivals,
that by its surrender to the Chicago and
Northwestern, the Union Pacific has
contributed the principal demoralizing
element to the western railroad situa-
ton. Some Wall street persons 60 so
far as to say that the dissatisfied stock
holders of the Union Pacific are suffi.
ciently powerful to force the resignation
of Adams as president. AS yet there is
no open evidence of organization for this
purpose.
The Bogus Interview.
1t was the Times that published the
bogus interview it said in its issue this
morning: Jay Gould has got control OF
the Union Pacific Railway company.
Interested with him in the deal are, ac-
cording to his own statement, William
and John d. Rockefeller Gould said :
"The Union Pacific has come under our
control. will probably take the presi-
dency myself. Mr. Adams has been
managing the property after fashion
which set the business control wholly at
naught, and under his direction the
Union Pacific, more than any other rail-
road in the west, has disturbed and
upset harmony and forced the handling
of business without profit. The Union
Pacific will not hereafter be disturber
of western railway peace. The Union
Pacifc-Northwestern combination will
be no longer able to prevent the main
tenance OF harmony among the leading
western railways"
Mr.. Gould was represented as saying
fl1ther that he had in view new plan
OF operation for the western railways,
including those of the southwest and
northwest, which would be much more
effective than that of any other associa-
tion ever in the field.
Russell Sage Believed the Story.
George Gould refused to talk this
morning in regard to the report that his
father had secured control of the Union
Pacific. Russell Sage expressed the be-
lief that Gould had obtained control of
the road, and said it was just what was
needed to straighten out the railroad
situation.
Dissatisfied Stockholders.
The Evening Post says: ''The story
about the Union Pacific passing into the
control of Gould, not only lacks confr-
nation, but we have most positive and
unquestionable proof that the whole
story is merely an invention. Neverthe-
less we have also good reason for believ-
ing that a majority of the stockholders
are dissatisfied with the present man
agement, and that move will soon be
made to break up the contract with the
Northwestern.
Adams Ignorant of the Facts.
BosToN, Nov. 12.-president Adams,
'of the Union Pacific, in an interview
With an Associated Press reporter, in