The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-01-30
THE UNION PACIFIC.
1t will Surely Enter San
Francisco, and
COMPETE WITH THE SOUTHERN
Pacific for California Business-The North.
western Gives Notice Of Withdrawal
The Blockade in the Sierras

Especial to THE Observation-Disclosures Disnatcb 7
NEW YORK, Jan, 29.-The Union Pacific
railroad will soon enter California, and
San Francisco will be the terminus of a
vast competing railroad system, destined.
so Its promoters confidently think, to COM
pletely destroy the monopoly hitherto en-
]oyed by the Southern Pacific railroad
company OF Kentucky. Many rumors of
course have had their currency in railroad
circles threatening the autonomy of the
nome roads. These reports may be said to
nave prehgured the settled facts now an
nounced. 1t is big scheme and neatly
planned.
Charles Francis Adams ha. been making
repeated trips to this city and Colonel John
McCook, OF the Atchison, Topeka 81 Santa
fe, returning these visits to Boston
Thursday he brought in with him news
That the deal had been consummated and
that Boston would make it's first move
against Mob Hill
es," said Mr.. Warrington, ''there;is now
no longer any doubt that the Onion Pacific
Will build from Ogden and connect with
the Atlantic. & Pacific near or at Moiave
The rumors started in southern California
Ghat we were making for Long Beach or
San Pedro are far short of the broad scope
OF the Union Pacific's policy. Northern
California is the objective point. and San
francisco the legitimate destination of the
system The contracts for building the
extension are ready to be let, and the
Santa F'e and Union Pacific systems will
be Joined together on California soil.''
Ooes not this step once taken let the
Oni0n Paclhc into southern Californian
mo doubt. But consider this much
more important fact. The Union Pacific
mas determined to pool issues with the At
iantlc u Pacific and build a track parallel
ling the Southern Pacific tracks to San
FRANCISCO. This intention, as understand
II, Is to charge the cost of building the
track to both roads. This is a conservative
move and adjusts the expense proportion
ately to the traffic moving east and west.n
when will the road be built to San
Franciscan
THAT I cannot say precisely, but no
I'LL Lime VIII be lost, you can be sure of that.
Inc hrst step is naturally the making of a
connection with the Atlantic & Pacific in
the state'' 49,
"Y on say that Mr.. Adams has decided
upon these important plans?n Mr.. Yerring-
ton was asked
Yes said the new magnate emphati-
call y. u certainly am able to add a few
Iacts IN connection with his relations with
railroad men and bankers in the east. One
Iact IN particular has never been printed.
GU will remember that a year ago last
December Drexel, Morgan & Co.. repre-
sentlng J. M. Morgan & Co., of l. ondon.
hldder, Peabody 81 Co., who are the New
7 ork agents of Barring Bros. and Brown
BROS. d 20, whose London house is Brown. |
ohepley q Co., comb ined for the purpose
Oh reading the riot act 10 the presidents of
Cne western and southwestern roads
Ihese lines for nearly two years had been |
engaged IN a warfare of rates. These
at the request of large foreign
and American stock and bondholders in |
5hese various railroads, undertook to see
what they could do. They called a meet
ng OF these presidents to be held in this
lty, at the residence of Mr..
J.; Plerpont Morgan, on Madison avenue.
me meeting was held. 1t was attended NOT
only by men residing in the west who had
;narSe OF the big systems but by the presi
l zen Oh those who lived in that city 1t
was stated at the time that C. p. Hunting
5on, representing the big Southern and
central Pacific systems, was one of the
men at the meeting and tool,
part IN the discussion as to what had het-
.er be done, and likewise signed prelim
nary agreement which was drawn M nm
LEI winch the gentlemen at the meeting
'Si ecu " lofm Wnat mas since been known |
IS tie Interstate association at CHICAGO
.or the purpose of stopping the warefare.
king the rates on an equitable basis and
them. Subsequently. in the
Early part of the January following. an
'ther meeting was held at Mr.. Morgan,s
rouse and again it was given out that Mr..
;. T. Huntington was present.
Y our correspondent is able to announce
nat as matter OF fact, Mr.. Huntington
vas not present at either of these meetings
or the reason thatJ. Pierpont Morgan who
PRESIDED at the meetings, declined to invite
VIZ. huntington or to have MIN present at
my conference of the gentlemen. The II
erstate association was formed in due
curse OF time and Mr.. Huntington's name
ma not figure in IL, although Mr.. Gould's
Id. MIR. Strong, then OF the Atchinson.
jharles Francis Adams, of the Union Pa
Tic. representative of Mr. Vanderbilt,s
aterests west of Chicago, and the presi-
ents of the other lines in the granger and
outhwestern groups. Mr. Huntington is
lot over popular with the big bankers of
'ew I ork and Boston. They never have
penly assailed him and they always re-
rain from criticising him openly, but ac-
ions speak louder than words and this ac-
ion on the part of Mr.. Morgan, and those
ssoclated with him, seems to Indicate that ;
ne report about the Pacific magnates af
liating with the big guns of the east are
|