The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-11-13
G0UL:Di'''S GREAT G0BBLB.
He Secures Control Of the Pa
cific Railway.
AN OUTCOME OF THE pANIC.
Charles Francis Adams TO bo Re
moved from tho Presidency.
Though Adams Himself Dc.
.nlcs it-..On Wall Street.

! New YoRK, Nov. l9.-Jay Gould, hal
secured control Of tho Union Pacif,
railway-at least, tha. is wha. he himsel
says.
Interested with him in the deal which
has led to the acquisition OF this pro,
perty, or rather to tho establishment OIL
his power in 1t, are, according to his
own statement, William and John D.
Rockefeller. ~
Mr.. Gould said to visitor yesterday
"The Union Pacific has come under our
control. Mr.. Charles Francis Adams
will cease 10 be President, I will prob.
ably take the Presidency myself. Mr..
Adams has been managing the property
after fashion which sets business con-
troll wholly at naught, and under his d.
rection the Union Pacific, more than
any other railroad in the West, has dis.
turbed and upset harmony, knocked
down rates and forced tho handling OF
business without profit. That sort OF
thing has gone 30 far that important in.
terests in the company, including Sidney
Dillon, Frederick Ames and other prom.
inent Stockholders, have determined
that hts administration must end.
have become large owner OF the stock
during the recent Wholesale declines in
its market value. Purchases ot IN i'm.
portant character have also been made
by the RockefellerR, Mr.. Dillon, Mr.
Ames mud many old stockholders arc
anxious to cooperate with us, and, in
deed, invited us to assume the control,
direction and management of the prop.
erty, and We accepted"
MIR. Gould, continuing what seemed
to be very frank declaration rs to his
Union Pacific acquisition and plans,
said: "The Unisn Pacific hereafter will
not be disturber Of Western railway
peace. The Union Pacific. Northwest
combination would be no longer able to
prevent the maintenance Of harmony
among the leading Western railroads.
He added that what he had in view was
a new association for the Western rail-
roads, including those OF the Southwest
and Northwest, which would be much
more effective than had been any other
association ever in the field. Rates
would not be put up one day to be cut
down secretly the next. lie intimated
that his old idea Of railway clearing
house-practica!ly a railway trust
would nov be put in operation.
Mr. Gould spent much OF yesterday in
Wall street, in consultation with officers
OF the Atchison, Topeka 4 Santa Fe
railway. He declares that the Missouri
Pacific and Atchison railwayB have
reached an agreement which is satisiac.
tory to both, and which will create last
ing peace in southwestern territory.
There are even intimations that one OF
his sons may become an Atehison direc-
tor, and that member OF the firm OF
kidder, PeabodyS Co. may come into a
like relation in the Atchisou directory.
Mr.. Gould eaid that rates would be
put up, and that tho railroads OF the
West would earn double the amount Of
money that this years figures show.
He added that he believed the arrange
ment now in view would have an effect
upon the investing public-retlccting in
Wall street quite us cheeriully rs did the
West Shore deal OF half dozen years
ago.
A Boston dieratch says: President
Adams, OF the Union Pacific railroad,
said this morning, in IA interview with
Il reporter: 81 am absolutely ignorant
OF the alleged facts ia Mr.. Gou!d's in
terview, and greatly question whether
Mr. Gould ever made the remarks at
tributed to him. The Union Pacific is
not negotiating with any railroad, is at
peace with the world, is maintaining
good rates on ills traffic, and will proba-
bly, continue to be operated with con-
servatism in its traffic affairs. Another
director OF the Uaion Pacific laughed at
the story that Mr.. Gould had acquired
control OF the road, aud said: ii don't