St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-13

fetal denial. Mr.. Gould was besieged
10y reporters to day in consequence of
the morning emphatic statements. He
was reluctant to say that he had made
no purchases or Union Pacihc, but he
pronounced the statements credited TO
him as fiction" a reporter saw MIR.
Gould in the afternoon and Mr., Gould
denied that he had had any such inter
view as was printed.
Have you or your associates made pur-
chases which give you control of the Union
Paclhc:' was asked.
Il nave nothing To say about my private
business TRANSACTIONS Mr. Could replied.
"All that ever said on this SUBJECT 10 anv-
body was that what stocks purchased paid
for
"Wir you exert an influence upon the
Union Pacific management or III any way,
directly or indirectly, effect Il change at the
next elecIioa:'
Mr.. Gould smiled and hes tated before
his reply.
Il am acquainted with some of the largest
stockholders i'll the company" he said. Il
might have some einiuenee # l chose 10 eX-
ert II. There Is great dissatisfaction over the
condUct OF many OF the railroads There IS
an uprising which ought 10 effect great re-
forms in the managements, for the roads
have enough business TO give them large
prubls If lnev can obtain proper rates In
the Southwest we have made progress toward
nGCuIlHS dil dSIStQCub W HIGH W III SsldDilSA
stable rates. There has been no conference
to-day that | know of on this subject.
The progress reported as made today is
probably The result of previous conferences.
Stockholders are aroused and Indignant over
the result, of the warning in rates. The best
way TO express The situation might be 10 say
that II railroad elections were 10 take place
now the results might be as surprising as
were the recent political elections"
William Rockefeller, whose name was
1, hn inf
said:
$50 far as I am concerned there is nothing
in the story. have not seen Mr.. Gould, and
have no interest in Union Pacific. l will
not speak for my brother, but l do not be-
lieve that he has had anything to do with
the deal. "
Much was made in Wall street of
what was said to be the evasion of the
direct issue as TO the Union Pacific's con-
troll when questions were asked OF Mr..
Gould. A similar view was taken by
the "bulls'' of the Boston dispatch,
which quoted President Charles Francis
Adams as follows:
II am absolutely ignorant of the alleged
facts in Mr.. Gould's alleged interview, ana
l greatly question whether MIR. Gould made
the remarks. The Union Pacific is not ne
gotiating with any railroad Is al peace with
all the world; is maintaining good rates on
Its traffic and will continue to be operated
with conservatism in its traffic affairs"
Union Pacific directors were also
quoted as denying the story, and houses
in Wall street with excellent Boston
connections ridiculed the idea that Mr..
Gould had obtained poSsession of the
Union Pacific. 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 denals given by them. The
entrance of Marvin Hughitt, president
of the Chicago u Northwestern COM
pauy, into the directory after the
famous traffic contract between the two
companies was made a year ago last
summer. was the only confirmation
which the story of Vanderbilt control
ever received. The suppositious con-
test for control between the Vanderbilt
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 street that there
will be change in the Union Pacific
management at the election next March.
Dissatisfaction is frequently expressed
with the present managers. and
many stockholders accept implicitly the
allegation of railroad rivals that by its
surrender to the Chicago 81 Northwest
ern the Union Pacific has contributed
the principal demoraliZing element to
the Western railroad situation. Some
Wall street persons 60 so far as to say
that the dissatisfied stockholders of
Union Pacific are sufficiently powerful
to force the resignation of Mr.. Adams
as president. AS yet there is no open
evidence of an organization for this
purpose.