The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-06-02
IN RAILWAY CIRCLES
The L. P. to Practice the Most
Rigid Economy.
THE n. Y. TINES STORY NOT TRUE
Mr.. Dillon Would not be Out Here If There Was
any Truth in the Statements Made by
That Paper.

The presence in this city of Sidney Dillor
;'ld the chief officials of the Union Pacific
railway, has caused considerable comment
in local railway and business circles and
many surmises as to the real significance
1t is clear that Mr.. Dillon, at the age d
seventy-eight, is not travelling for his
health. The answers of all the officials arr
united on one point, and that is that there
Is to be introduced into every department
the closest and even austere economy. AL
new extensions and improvements that are
not imperatively necessary for operating
the present lines will be suspended.
The officials made flying trip to Garfield
Beach yesterday morning and the raw
winds had the effect of chilling what little
enthusiasm is possible for a body of men
high in authority who under the iron man
date of Jay Gould and his right-h hand
bower, MIR. Dillon must WELD the flaming
sword of retrenchment on the necks OF
some of their picked favorites, ali that the
great corporation may be enabled to pay
interest on its colossal Indebtedness.
When HERALD reporter inquired OF
Comptroller Mink as to the truth Of the
report which first appeared in the New
ork Times, stating that the Union Pacific
debt had reached 81, AIS ,094and that the road
was hopelessly bankrupt, Gould furnishing
money TO meet its obligations, and that 8
receiver would soon be appointed, be asked
10 be excused from speaking, preferring
that on such a matter the reporter had
better see Mr.. Dillon. Mr.. Mink volun-
teered to arrange meeting with Mr..
Gould's mouthpiece.
When the reporter approached MIR. Dillon
and asked him If it was true that his road
was worse than bankrupt, the venerable
hairs of his whitened beard TOOK on a stiff
ness like those of the fretful porcupine.
Hump Do you think l would be out
here looking after the affairs OF bankrupt
road" said Mr. Dillon with an aspersion
that was cuttingly austere. Then assum-
ing an attitude like that of Dan Doughtery
when putting on the climax to a presiden-
tial nomination, his tall form lowered alGft
and with rasping ridicule he asked:
''Who is to be made receiver! Who IS to
have the placef'
The reporter mildly intimated that he
would like TO fill it.
''You will do as well as any one else"
assented MIR. Dillon loosely, and yet with
q tinge of irony.
mo SIR" continued Mr.. Dillon with re-
newed aspersion. 81 do not think l would
be out here if receiver was to be ap-
pointed. / am not given to wild goose
chases; not at my age Of life"
You did not read the New York Times
article, did you 2" interposed Mr.. Mink.
Il haven't even read the article; that
shows how much | care for It: / don't
want to read anything the Times says.
''Our report shows the standing of the
road; any person can examine for himself.
Anything that has been done since has
been done for the good of the road and is
represented in substantial improvements.
We have securities that would quadruple
the debt during any reasonable money
market. Much OF the money has been ex-
pended in your territory, IN widening the
road north of Ogden and in building the
Phoebe branch. The prosperity OF the
Union Pacific is the prosperity of the news
papers; means the prosperity of the terri
tory. We want TO live in peace with each
other and contribute to your prosperity