Los Angeles herald., 1890-11-22
His Gigantic Railroad Trust
a Certainty.
A Gould Vanderbilt Standard
Oil Combination.
The Control of the Northern Pacific
Wrested From Willard.
All the Transcontinental Roads in the
Combine, and All But Two East
of Chicago.
Associated Press Dispatches.

Associated Press Dispatches.
CHICAGO, Nov. 21.-The Tribune says:
"There can no longer be any doubt that
the control of the Northern Pacific Rail-
way has been wrested from Henry Viii
lard and those associated with him. All
reports agree that acombination consist
ing of the Vanderbilts, Jay Gould,
Drexel Morgan & Co., and John and
William Rockefeller, of the Standua | Oil
company, have secured control of the
road. 1t is believed the Standard Oil
has fastened on the Baltimore and Ohio,
and will soon get control of that COM
pany. The Baltimore and Ohio Joins the
Northern Pacific at Whiting where the
Standard Oil company's works are To-
Gated, and the two roads jointly will
form an uninterrupted through line
from the Atlantic to the Pacific coast.
AS there is but little doubt that
the Vanderbilt-Standard Oil COM
bination has also secured controlling
interest in the Pacific Mail Steamship
company, the Union Pacific, the Atchi-
l.
ern Pacific, the fact is demonstrated
that the giant combination means to
compel all the transcontinental routes,
with the exception of the Canadian Pa
cifc, to submit to its dictation. 1t is
now quite certain that before many
weeks this powerful combination of cap
italists will control every independent
road west of Chicago, and all the roads
east of Chicago, except the Pennsylvania
and Lackawanna, but these corporations
will be powerless against the combine.
The final consummation of Jay Gould's
great hobby, the formation of gigantic
railroad trust to take charge of the
traffic affairs of all the roads in the
country, will probably follow.
A Monster Alliance.
New YORK, Nov. Pit was stated
this afternoon that an alliance has been
formed between the interests represent
ed by George G. Magoun, of Kidder,
Peabody & Co., Jay Gould, G. P. Hunt
ington and the Standard Oil party, by
which all the railroads owned or con-
trolled by them individually or jointly.
will be operated together practically
under Gould's direction. The alliance
includes the Southern Pacific, Union
Pacific, Missouri Pacific, Northern Pa
cific, Atchison. Wabash, Kansas and
Texas, Texas Pacific and many other
roads. 1t is also said that Gould is
trying to force the holders OF
Rock Island either to sell their
stock around the present price, or join
hands with the other roads in the alli-
ance. The Burlington and Chicago and
Alton will act with the allied roads,
ho+ e%n Lor ha folyo
but there are fears that the Vanderbilts
contract on the Union Pacific, and may
refuse to join. If the Vanderbilts and
the roads controlled by J. Pierpoint
Morgan can be brought in, meeting of
bankers and presidents of all the rail
roads in the country will be called,
new association formed and an imme-
diate material advance in all railroad
rates at once be ordered.
Depew Feigns Ignorance.
Chauncey Depew, president of the
New York Central, was seen tonight and
asked what the Vanderbilts would do
about the alliance. well, as l don't
know anything about this alliance, l
could not say without looking into it;
Come around again and may tell
you.'
Gould and the Atchison.
Gould was asked, this morning, in
reference to the report that he had got
control of the Atchison, Topeka and
Santa Fe railroad. He said the report
was erroneous, although he admitted
that he owned considerable portion of
the Atchison stock. He said the Mis-
souri, Pacific and Atchson had entered
into an agreement with reference to the
future business policy of the two roads.
They had agreed that neither should
build any competing roads into the ter
ritory of the other without the full un-
derstanding and sanction of the other.
With reference to the rates on the
transcontinental lines, Gould expressed
confidence that the agreement between
the presidents would be renewed and
strictly maintained, within short time.
Under the new situation nearly all the
roads favor the restoration of rates.
1t only remains for the bankers to call
the presidents together.
Union Pacific Reorganization.
1t was authoritatively learned today
that meeting OF the principal stock
holders OF the Union Pacific for the re-
organization OF the board of directors
will be held next week. 1t is under
stood that Charles Francis Adams will
retire and be succeeded by Sidney Dill
Ion. The new board of directors will in
clude Russell Sage, Jay Gould, Alexan-
der +. Orr and Henry r. Hyde. The
new board intends to appoint some
young, active railroadIman as vice-presi-
dent and general manager, whose head
quarters will be in Omaha. The per-
son to be so treated is not yet deter
mined upon, but an endeavor will be
made to secure young man Of abund-
ant railway experience and the highest
capability.
The Vanderbilt people admit that
Gould has got control of the Union
Pacific. One of the parties named as
director, said The board will soon be
reorganized. John D. Rockefeller, work
ing with Gould, brought the change
about"
He refused to speak about the future
policy of the road in regard to the north
west traffic agreement.
Dillon to Succeed Adams.
To a reporter Gould this afternoon
said: 81 know nothing as to whether
Ames has placed his resignation in the