The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-02-10
HAVING 1T HIS OWN WAY.

Gould Playing Favorites" Between
Missouri Pacific and Union Pacific.
In connection with Jay Gouid's visit to
Savannah and the south, anything OF his
moves in the railroad world are of interest
Considerable speculation is afloat as to
the future of the Union Pacific, according
to the Chicago Herald. When Gould Sc
cured control of the great uTanscontinental
road few months ago he did not buy
stock to any great extent, and to-day his
cash interest in the property is limited.
Prior to the retiremenfof Charles Francis
Adams the Union Pacific had an immense
floating debt, which threatened to precipi-
tate disaster
In addition bills for new equipment and
from contractors for extending the lines
were falling due. The Union Pacific could
not borrow anywhere, and was very near
to the hands Of areceiver Jay Gould came
to the front and offered to find parties who
would advance money to pay the floating
debt, provided he was given control Of the
management. No other course was open to
the Union Pacific people except bankruptcy,
and they surrendered Internationally.
Since Jay Gould has assumed charge he has
endeavored to turn all traffic which was
flowing over the Union Pacific eastward
from Colorado to the Missouri Pacific.
The Union Pacific has been absolutely
cut off from the traffic tributary to ii from
the Hutchinson Southern, a road for which
1t furnishes part of the money, and the
tonnage of the Hutchinson Southern has
been turned over to the Missouri Pacific.
The Union Pacific has been running line
of through sleeping cars between st. Louis
and Denver and Salt Lake City in connec-
ton with the Wabash; which carried the
cars between st. Louis ana Kansas This
line was in opposition to the Missouri
Pacific line between S.. Louis and Denver,
and so il has been taken off and the through
car service is now handled in connection
with the Missouri Pacific 1t is we'll
established fact that Jay Gould is for the
Missouri Pacific, Of which he owns nearly
all the stock and bonds. first. last and all
the time. In view of this fact and that
Gould has appointed his confidential agent,
8. Fl. RI. Clark, who is general manager Of
the Missouri Pacific, to be general manager
of the Union Pacific also, it is not consid-
cred by western railroad men that the latter
road stands much show.
The Chicago and Northwestern Is also
much alarmed about the future results OF
its close traffic contract with the Union
Pacific. Gouid's policy now is to let the
Missouri Pacific havs everything where it
comes in competition with the Union
Pacific. The traffic is then moved via Kan
sas City and st. Louis to Memphis or Ar
Richmond Terminal system, in which Gould
has lately acquired large interests. From
points on the Union Pacific which the Mis-
souri, Pacific does not reach, it is Gould's
policy to send the traffic to the nearest
junction with the Missouri Pacific and then
forward it TO the east by that road and its
ally, the Richmond Terminal. This policy
is in direct opposition to the close traffic
contract which was made between the Union
Pacific and the Chicago and Northwestern
about a year ago, and under which through
passenger trains are being run between Chi
cago and Portland and San Francisco. This
contract has been of immense advantage,
not only to the Chics 70 and Northwestern,
but to the Union Pacific. While il may not
be Cancelled, there is little doubt but that
the contract will be practically nullihed by
the change in the policy of the Union Pa
cific. 1t is considered more than probable
that a strong traffic agreement will be
made between the Missouri Pacific and the
Richmond Termin al, if, indeed, one has
not been closed alre ady.