The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-04-25
Union Pacific Officials Are Anxiously
Awaiting the Annual Meet
ing Wednesday.
Strong Efforts Being Made to Get
the Gould-Dillon Party Out
OF the Road.
surmisss Al to What tho Result Will He
Demoralixad Freight Ratos-Cnt
In the Wool Tariff.

Union Pacific officials, from the hlRhea'
to the lowest, from one end of the line t.
the other, are just now in u ferment ovel
the possibility Of changes in the executive
department.. The annual meeting of this
directors will be held next Wednesday, and
there is a strong feeling that the Gould
people, who have been controlling the road
for the past year, will be pushed to the
wall. If this should be the result OF the
meeting, the present employees feel their
official heads may be cut oH. There are a
dozen different stories concerning tho ac-
ton the directors will take. The latest
from Network is to the effect that President
Sidney Dillon will be retired at the annual
election of the Union Pacific and unless
obstacles present themselves Richard SOM
ers HAYES, president of the st. Paul d
Duluth will be elected in his stead. Messrs.
Jay Gould and Russell Sage will be dropped
from the board of directors and Mr.. Dillon
detained only as a concession to his long
services to the company. A suggestion
that the place of the chairman of the board
be created for him was not favorably con
sidered BY the people who will represent
the controlling interest.
Russell Sage has admitted that he had
heard some talk Of offering the presidency
of the road to Capt. Hayes. but he did not
attach much Importance to it. as he re-
garded it as a most insane proposition.
IF any such movement we're made" CON
tinued MIR. Sage, II should regard it as 9
most unfortunate thing for the company.
know that a MIR. Bossevain has been ask
ing for proxies on the stock, but | do not
believe that j.. Pierpont Morgan has any
thing to do with him or his apparent at
tempt to secure control Of the company.
Mr.. Bossevain probably represents a synd1-
cate of stockholders in Amsterdam. II
they were informed Of the situation, how
ever. I do no. think they would desire to
remove Mr.. Gould from the board. Any
one who would take Mr.. Gould's place at
this time and assume the responsibility Of
the management OF the company would
have to be a pretty brave man."
Al the office of the New York d Northern,
ri which Mr.. Hayes is also president, it
vas said that Mr.. Hayes declined to say
ANYTHING in reference to the matter. MIR.
Dillon's friends say that he is perfectly
willing to retire when a successor shall be
found acceptable 20 Mr.. Gould. Well in
formed persons say it was not intended to
remove Mr. Dillon, but that Messrs. Sage
and Dillon were to go.
Another report is to the effect that Mar
vim Huehitt, nov president Of the Chicago
& Northwestern, is to be elected president
Of the Union Pacific at the forthcoming
meeting Of the stockholders. OF course
none Of those who inighs be supposed to
know whether there is any truth in the re-
port or not will talk on the subject fur
ther than to say that they know nothing
about it. That Jay Gould has lost his hold
on the road is pretty generally admitted.
j, Pierpont Morgan is the real power that
is now felt in the management of it's affairs.
and that power is understood to be welded
on behalf Of the Vsnderbilts. Nobody is
supposed to stand higher rs q railroad
manager in the Vanderbilt estima alton than
Marvin Huqhitt, and if the Vanderbilts
want to control the Union Pacific no name
would be more likely to suggest itself to
them as the man they want to direct the
management Of the property. His election
to the position would strengthen the opin-
ion that the Vsnderbilts want a trans-con-
tinental system. II would mean the prac-
teal consolidation of the Northwestern
and the Union Pacific systems and the ex-
tension of the latter to san Fl ancisco or
some equally important point on the Cali
fornia coast, and would work a TRANSFORMED
ton in the whole transcontineltal situa-
ton.
The Western Railway says of the situa-
ton: The Union Pacific under the Gould
management seems to have been doing very
well, considering the great depression of
business that has prevailed since Mr..
Gould identified himself with the road.
To an outsider it would geem that it has
been operated with great economy, and tho
interests of the stockholders have been
we'll taken care of, while the patrons have
had no cause for serious complaint. I'm
less the Vanderbilts have secured control
and wish to operate it as a part of their
system, there seems TO be no cause for any
of the stockholders to desire a Grange in
management. 1t might not do the Union
Pacific any harm to try the experiment of
operating it for a few years without q
change Of management every twelve
months.