Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-11-13
THE RAILWAYS,
Rumors That Jay Gould Has Secured
Control of the Union Pacific.

SOHtTOl VI TIC ShtOh
Boston, November 18th. = President
Adams, of the Union Pacific, in an inter-
view with the Associated Press reporter in
regard to the statement published this
morning that Jay Gould had secured con-
troll of the Union Pacific, said he was ab-
solutely ignorant Of the alleged facts in the
Gould interview, and greatly questioned
whether Gould ever made the remarks at
tributed to him.
A Director of the Union Pacific said he
did not believe word OF the story.
George Gould refused TO talk this morn
ing in regard to the report that his father
had secured control of the Union Pacific.
Russell Sage expressed belief that Gould
had obtained control of the road and said
that was just what was needed to straighten
out the railroad situation.
The EVening Post says: The story about
the Union Pacific passing into the control
of Gould not only lacks confirmation, but
we have most positive and unquestionable
proof that the whole story is merely an in
vention. Nevertheless, we have also good
reason for believing majority of the stock
holders are dissatisfied with the present
management and that move will soon be
made to break up the contract with the
Northwestern.
ATCHIsoN, TOPEKA AND SANTA FE.
BosToN, November 12th-The News Bu-
reau telegraphed Magoun, President of the
Atchison, Topeka and Santa Fe, as to the
reports of arrangement with the Missouri
Pacific to strengthen the railroad situation,
and inquiring if any interchange of Di-
rectors is likely, and he replied: "All the
southwestern lines have agreed to strengthen
rates, and efforts are now being made to
Join all lines west of Chicago and st. Louis
including southwestern, northwestern
and all transcontinental lines-upon a like
basis, namely: A small General Com
mittee 20 control rates and introduce the
many economies expected to result from
Joint or common agreement at competitive
points. No interchange of Directors has
been suggested or contemplated.
VALIDITY OF RAILROAD TICKETS.
ST. PAUL, November 12th.-Judge Van
derburgh Of the Supreme Court has handed
down decision which settles the question
of the validity Of railroad ticket pur-
chased of a ticket broker or scalper. 1t
affirms the liability of the railroad COM
pany to accept such ticket when offered by
an innocent purchaser. The decision grows
out of a suit against the Northern Pacific
involving those points.
ArcHIsoN SHOWS A DECREASE.
New YORK, November 12th.-Kiernau's
News Agency issues Boston special stat.
| ing that the Atchison net earnings for Octo.
| Der will show decrease.
JAY GOULD INTERVIEWED.
| New YORK, November 12th.-One of the
most important instruments used for effect.
| ing rally in stock values was theory
that Jay Gould had acquired control of the
| Union Pacific Railway, based on rumors
printed in morning paper. A Tribune re-
porter saw Mr.. Gould this afternoon, and
be denied the truth of the published story
| Have you or your associates made pur.
chases which give you control of the Union
Pacific" was asked.
Il have nothing 10 say about my private
business transactions" Gould replied "All
that ever said to anybody was that what
stocks l purchased / paid for
| "Will you exert an influence upon the
Union Pacific management, or in any way
directly or indirectly, effect change at the
Eext election? ?"
| Mr.. Gould smiled and hesitated before
his reply. II am acquainted with some oi
the largest stockholders in the country,
| he said. II might have some influence, il
l choose 10 exert it. There is great dis
| satisfaction over the conduct of many o
the railroads. There is an uprising which
ought to effect general reforms in the man.
agements, for the roads have enough busi-
ness to give them large profits if they
can obtain proper rates. In the south.
| west we have made progress toward
| securing an agreement which will estab
| lish stable rates There has been no con-
| ference to day that | know of on this sub
| ject. The progress reported ss made to-day
is probsbly the result of previous confer
ences The stockholders are aroused ano
indignant over the result of warning rates
The best way 10 express the situation
might be to say that if the railroad cleo
tions were TO take place now the results
might be as surprising as were the recen
political elections"
| William Rockefeller, whose name was
connected with the fictitious interview
said: $50 far as | am concerned, there j:
nothing in the story. l have not seer
Gould, and have no interest in the Unioi
| Pacific"
Much was made in Wall street on wha
| was said TO be an evasion of the direct ISSUE
| as 10 the Union Pacifc's control when oues
| tions were asked Of Gould. The Unior
| Pacific has long been subject to speculative
| rumors. The Vanderbilts have been sait
to be seeking its control, IN spite of Off
| cial denials given by them.
The suppostitious contest for control be
tween the Vanderbilt and Gould legion
has failed to save the Union Pacific stool
from sharing literally in the late slaughte
of values. 1t is common talk in Wal