New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-10

Union Pacific were dispensed with from lss4 to ls0o.
bne s 70 Tr a ir prSmMence Of Mr Gould In the
company. and IN March Mr. Lion fp pagas ADAMS
jr. In lss7 he made president OF the Vrfs 1s ~
COMPANY a place more OF pi,ed under
tie control of Henry Willard and his friends. Mt Ia,
,on's lrcnmbency however, was not an extended o,s.
in 1890 he the esecntys S SresSn OF l.o @e
precpitated by the einbar, 81 III" ", tbrnsi'
snra tS vlcR i mr. could was oud he
Of the speculative position AMI h. consented % advance
r r.rs Of charles Francis ADAMS, j.. Upon The
recnry OF the Gould clement Mr Me- D nn 70 W." Within
president. and he retained that place up W "'
short time Of his death.
RETIRING FROM THE PRESIDENCY.
In sp.te OF his advanced age Mr. Dlllon sun ~
tanned vlgor and a clear mind lie accep''u III,
presidency with " the enthusiasm of young oos'
as Mr. Gould described 1t mt the ume lie iores""
great results from the change OF management auu
openly predicted that Union Pacific stock would once
more sell at par. His hopes were oiS'ppo'a'u
Inst spring the foreign stockholders combined 10
effect the overthrow Of the Gould party, ana ,ne
confidence Of a. H. II. Bolsscvaln, the represcnh ~
a successor TO Mr. Dillon had been picked out inc
result Of the contest fresh In the memory OF mpi s
son George quietly gathered the support cn o.,
some large Boston interests ana W Srnm ''o
Worm"er. he was able to defeat the opposition
at the annual election II Ioston on APRIL re6 G
|
aSvs s.ce '@ aSes %nd SaT asSs ss
Il place Of Mr. Dillon. The aters lons on 81 tho
recognized BY creating The Office OF CHAIRMAN e L. was
Eoard q Nrec9r,i 10 , %iaeh lie WIS '"o'e"'
Mr. Dillon not prominent OF late ouo1a could anS
relation, TO the properties controlled by Jay "ou
nj, friends In trsc companies, however n" WSo
Generally associated with Mr. Could on w the sSeGn n,oe
Telegraph Company the Manhattan Elevate Ka Ssor
The Missouri Pacific Railway, the inciic Ma nd pciac
Railway, the Wabash Railway, the sshada ,,a ~
Railway and the Wheeling and lake ERIE lie
also was a director In the Mercantile Trust ooh'pS'
EFFECT OF THE NEWS IN WALL srkEhi
Tho ncws Of the death of Mr. Dillon was re-
ccIvcd I'm Wall street with many expressions vi 'ce
He was respected generally for his pFootS anu ''
sincerity ard carncstncss Of his character. WASH
inctOn f. Connor spoke fcelingly OF the dean o1p'
toIf1t md declared that he one OF the hdhcst
and most generous Of men, though somewhat Dr7Sque
manner hid his sterling qualities MI Diioh "'N
earnest and direct In all his conversst'n' ana ]"
striving to carry his point In any r'hiroau poa'"
meeting. h. positive and forceiui IN MS ate"
mcnts II Is related that on one OCCASION WIEN
he was earnestly urging some measure u ieii NV
director, much younger man. WIS ohe' ,ms The
veucrbl. capitalist hunted up his f1cnu Prohlpuy
and laying his broad, big hand on his shoulder s"u
ANYTHING / say to my Children striking char
ace.1.ic Of tn" man wis MS habits OF pIomp. .n
of thr board Of any corporation In which he was
Interested, he sure to be the htst ulre,oI W
arrive at the place OF meeting. Mr.. DhlOhS per
sOral integrity was fully commented upon oy ~, hS
Wall street associates. lie was one OF the Strms'n
eo squ..rst mon ever met was the terse cinaih
| VI John T. Terry. w.:ch summarized dozen Oh uip-
| nies paid yesterday. An =,
the death u Mr.. Dillon, 4 s believed, VIII be
speculative accounts and his affairs are sad TO be
| H. inch a shape that no disturbance may Dc eA-
pe.tcd In anv SECURITY with which his name was CON
ne ted lie leaves substantial estate but estimates
his property being worth between St"oooo
| and 100000. but n banker who Is In po>iuoh
1, form some approximate idea Of the estate, plhccs
IL ms close 10 $4,000 600. The prevailing opinion IN
| figures than the extreme high estimate MI phIon
estate Is believed consist largely OF stocks and
bonds although good Observers say that he held
real estate that probably exceeds 81 100000 In value
Ills handsome home In West Fifty -sevenths st. was
valued a s25o.ooo to 100000 at least He also
pos,cs.d scvernl parcels Of property a TINS cry
DR. pcriy az tho West II is believed that he held
Something like 10000 to $1,000 shares Of Union Pa
cldc stock and his subscription a. the Union racine
collateral trust notes issued last september amounted
+, about 400 coo lie Is also believed to have had
important Investments IN other companies In when he
vns director IN Western Union. Manhattan, Missouri
Pacific Pacific Mall Chicago Rock Island ana racine
Wheeling and Lake Erie Wabash and Canada SOUTHERN
for instance. ~. - ~ -,
A charm cteristic Of the man WAS that he was nj
WHY'S Loyalty devoted 10 any property In whlch nc
Interested himself and sidney Dillon presence IN
any board Of directors usually meant uit ms oaeA
in the company was represented by investments In
lis stock and securities II Il dihcut 10 say ID wnom
Mr. Dnlon's fortune will descend sidney Dnlon
Ripley has been favorite relative ana probably
handsome share will 60 to him Bnt IL Is generally
WycItoG and Mrs. Julia Ripley VIII receive the bulk
OF the estate.