The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-03-30
POPULAR MR.. CLARK.
Will Remain as President of the
Union Pacific.
George Gould Regrets It Deeply, but
Employees of the Road Are in
High GIee.
Special to THE MORNING CALL

NEW YORK, March 29.-At the unanimous
request Of the board of directors of the
Union Pacific road S. II. II. Clark has with
drawn his resignation and viii continue
the presidency. He will resign the presi-
denry OF the Missouri Pacific, but Will con-
tnue TO be one of the directors
After the meeting of the directors ad-
joArued Vice President Atkins of tie Union
Pacific issued the following official state
ment: Clark. at the unanimous request OF
the board of directors. has Withdrawn his
resignation and will continue to be presi-
dent He will at once resign from the
Missouri Pacific and terminate his relations
with that company as president, so as TO
give his undivided attention to tue Union
Pacific Railway Company.
The determination of President Clark TO
remain with the Union Pacific caused Mis-
souri, Pacific to drop from 501h to 4934 on
the Stock Exchange, where the brokers
were unable to understand what forces
controlled Clark'5 actions. George Gould,
when seen in regard 10 the matter, refused
to discuss it and said it was too early to
speak in regard to Clark's success T.
subsequently George Gould said: "Clark
will retire from the presidency of the Mis-
souri, Pacific and give his entire attention
to the Union Pacific. We are very sorry to
lose him from the Missouri Pacific. I con-
slider him one Of the ablest railway men in
the United States. The Union Pacific in
terests wished to retain him and we have
reluctantly consented. Assistant General
Manager Smith will be in charge Of the
operation of the Missouri Pacific for the
present. We have not yet considere ed who
will be Clark's successor as president"
Director Samuel Sloan thus explained the
action of the directors: "Mr. Clark has
been a valuable man to the Union Pacific
and the directors did not want to let him CO.
He was therefore prevailed upon to with
draw his resignation as president There
is 10 discord between the Missouri Pacific
and the Union Pacific over the matter. The
Missouri Pacific directors have not met yet,
and when they do they will elect another
president for their road. The two boards
are acting in harmony with each other"
OMAHA. Nebr.. March 29.-There were
wild scenes about the Union Pacific head
quarters this morning, and the dignity and
perfect department of the 500 people in the
headquarters building were at a low ebb,
due to the telegram announcing that the
board Of directors had refused President
Clark's resignation, and that he would re-
sign rs president of the Missouri Pacific and
remain and devote his whole time 10 the
Union Pacific. Where doubt and uncer-
tainty had existed, caused by the rumors Of
new men to take the place of the retiring
president and overturn the policy of the
road. there reigned profound joy that few
changes would be made, and that the rank
and file of the.service would remain as now
constituted. Tonight there is no happier
lnt of peoDle than the men and women em
ployed at Union Pacific headquarters.