Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-09-26
GIANTS TO FIGHT.
Vanderbilt and Gould and
Friends to Lock Horns.
THE WIZARD WILL GO DOWN.
hat is the Judgment Of a Man Who is Well
Posted on the Street.
Russell Sage Loses His Temper and Uses
the Plain Word. Lie. Several
Times-The Vanderbilts
Have an Offer.
THE WIZARD WILL GO DOWN.
Bulls and Bears.
Special TO the Gazette.

Special TO the Gazette.
New YORK. Sept ga prominent bro
ker said to-day that there would now be an
interesting struggle between the oulls and
bears, which it would be extremely inter
esting 10 watch. The Vanderbilt. interests
he said Were arrayed against Gould. and
the latter was very likely to lose the fight,
the . odds being greatly against him.
Much, it is said. would depend on the
outcome tomorrow Of the effort 10 arrange
the ioating..debt of the Union Pacific. This
broker, who is III position to be well in
formed on the subject, said he had reasolt&
believe that the plan to carry the UnN
Pacific debt would be accomplished in spiS.
OF any opposition by Gould and his friendst
A meeting OF the Missouri Pacific direc.
ors has been called. Sage admitted to-day
that he had received notice of the meeting.
but would not tell what it was for. jay
Gould was not inclined to make any state
passing of the Missouri Pacific divi-
denl. The raid on the stock of
that company of yesterday was on the ques
ton of the fulfillInent of the plan for carry
ing the floating debt of the Union Pacific.
An amusing difference of opinion, however.
was discovered between father and son in
relation to Missouri Pacific dividends. Al
though Gould did not care to make any
statement for publication, he said the meet
ing of the Missouri Pacific dircc-
tor had been called for next week
and they would determine whether divi-
dend should be paid or moi. At almost the
same moment George Gould declared that Il
meeting of the directors had not been
called.
Russell Sage said TO a GAZETTE reporter
this afternoon just after he had left Gould
that he thought the payment of = dividend
of one-half of per cent will be ordered by
the directors next week. When asked it
he thought the road had earned the dividend
Sage said: We'll, honestly speaking, / do
not think it has, but the income account
will warrant the payment of dividend. "
With reference to reports crediting Sa"e
and Gould with having rugged" the market
yesterday to help the former and George
Gould out because they had, as alleged, sold
Missouri Pacific stock short. Sage said,
That is d lie, and ! wish you to say so. [
have never rugged the market. or tried to
raise the price of money. My bank ac
count will prove that. It is also
4 lie that l sold Missouri Pacific
short. have probably. next to Jay Gould,
got more certificates of stock in my box
to-day than anybody else. l believe it is the
most valuable stock on the market
to-day at the present price. l am
not in any way responsible for yester-
think it is a good thing
occasionally to have a little back-sliding
like yesterday when there is danger of peo-
pie going ballooning like they are 1t pres
emit They are selling several stocks or ex-
change at prices for more than they are
WORTH
Concerning Union Pacific Sage said
Gould was busy in connection with its
affairs to-day and that the whole of the
subscription would probably be obtained by
tomorrow. in fact said Sage, although
[ do not care TO be quoted, there is
only 81 1000 900 to raise now and the plan
will undoubtedly be consummated. Gould
has been hard at work at it all day
A special from Boston said: Union Pa
citic officials have received dispatches from
New York TO the effect that DreXel. Nor
gan g. Co.. have agreed to turn in their
s.. 900, 900 Union Pacific notes Endorsed by
Gould, Ames and Dillon and take collateral
notes on the same basis as all other cred
itors. This removes the only hitch
In Wall street the opinion was unani-
nous that if Gould and his friends did not
come to time in the matter of Union Pa
citc the control of it would be wrested
from him whether he wished 1t or not. One
report was to the effect that the
Nanderbilts had been consulted with
that object in view. The kienans
news agency sent out this bulletin:
1--WE are told that u numbdr of the largest
stockholders of Union Pacific will ask the
property. sincel it is known that Grand
Central people have always expressed a
pesire to be very friendly to Union Pacific
directors
Sidney Dillon OF the Missouri Pacific
says: "a Missouri Pacific meeting has been
called for next Tuesday or Wednesday. l
do not know what dividend, if any, will be
declared The fact is, cdividends for the
last three quarters should not be or
dered because the road did not earn
them. These were depressed times, how
ever, and it is only natural to think unao
when we are on the eve of better times and
Gould is putting his money into Uunion Pa
cific to save it. he should ask the stockhold-
ers of Missouri Pacific to forego dividend
especially as the road has not earned it.
Some of the directors think that half of l
per cent should be declared. but it is under
stood to be undecided whether this will
satisfy everybody. As to Union Pacific
further progress has been made, and we
believe the plan will go through"