The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1890-11-27
THE LITTLE WIZARD OF WALL STREET
Jay Gould Forms an Alliance With Hunting.
ton, Pierrepont Morgan and Others.

Jay Gould Forms an Alliance With Hunting.
ton, PierrepOnt Morgan and Others.
NEW YORK, Nov. 2l.-Mr. Gould was
asked this morning with reference to the
report that he had got control of the Atchi.
son, Topeka and Santa Fe railway. He
said that this report was erroneous, al
though he admitted that he owned a con-
siderable portion of the Atchison stock.
He said that the Missouri Pacific and
Atchison roads had entered into an agree
ment with reference to the future business
policy of the two roads. They have agreed
that neither one shall bui any competi-
tive roads in the territory of the other with
out the full understanding and sanction of
the other.
1t is authoritatively learned that a meet.
ing OF the principal stock holders of the
Union Pacific railroad for re orga ization
of the board of directors will be held next
week, probably not later than Thursday.
II is understood that at the meeting Chas
Francis Adams will retire and be succeeded
by Sidney Dillon. The new board of direc-
tors will include Russell Sage and Jay
Gould and Alexander +. Orr and Henry
Hyde.
To reporter of The Evening Post Mr..
Gould this afternoon said: know MOTH
ing as to whether Mr. Adams has placed
his resignation in the hands of Mr.. Amos
| may say, however, that Adams and Ames
visited in my office yesterday and that the
former expressed q strong desire to be re.
lieved from the Office of president. He
suggested that he should resign and that
meeting of the stockholders for action on
his resignation should be called to take
place next week. | presume that if it is
true that he has entrusted his resignation
to Ames that the meeting will be held. 1t
is likely also that any vacancies occurring
in the management of the road will be filed
at this meeting. Mr.. Dillon has been
mentioned as the successor of Mr.. Adams
To aquestion how the reported impending
changes would affect the relations between
his interests and the Union Pacific railroad
Mr.. Gould replied: "Our relations, you
know, are close now, and the new arrange
closer"
A GIGANTIC SYNDICATE.
New YORK, Now 21.-lt is stated that an
alliance has been formed between the in
terests represented by Geo. @. Magoun of
O.. P. Huntington and the Standard
Oil company party, by which all
the railroads owned or controlled
by them individually or jointly will be
operated together practically under Gould's
direction. This alliance includes the
Southern Pacific, Union Pacific. Missouri
Pacific, Northern Pacific, AtcEison, Wa
bash, Kansas and Texas Texas Pacific and
many other roads. 1t is also said that
Gould is trying to force the holders of the
Rock Island either to sell their stock around
its present price or join hands with the
other roads in the alliance. The Bur
lington and Chicago and Alton will act
with the allied roads in whatever steps
may hereafter be taken, but there are fears
that the Vanberbilts may be angry at the
loss of their traffic contract with the Union
Pacific and may refuse 10 join. If the Van
derbits and the roads controlled by j.
Pierrepont Morgan can be brought in a
meeting of the bankers and railroad presi-
dents of all the roads in the country will be
called, new association formed and then
an immediate aud material advance in all
cut rates will at once be ordered.
REFUSED TO TALK.
CHICAGO, H., Nov. 2l-Officials of the
Atchlson, Topeka and Santa Fe road in this
city decline TO talk about the rumor tina,
Jay Gould has secured control of that
road.
ADAMS WON'T TALK.
BosToN, Mass, Nov. q. - President
Adams, Director Ames and others decline
to say anything about the report of the
proposed transfer of the Union Pacific to
the Jay Gould interest.
--~----