The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-28
n
VIEWS ON THE SEPARATION
Effect Of an Independent Receiv-
ership for the Q. s. 1.
and U. an.
OPINIONS MOSTLY ONE WAY
Union PACIFIC PEOPLE SAY THE
INTERESTS ARE MUTUAL.
OPINIONS MOSTLY ONE WAY
The Weishty Opinions, However, Are
That Utah and Tributary Region
VIII BE Incidentally Benefltted-
headquarters In This City Would
Help--Bancroft and Lowe For
Two Of the Receivers.

There does not appear to be much di-
versity of opinion among railway Off
Gals and well-informed business men
as to the probable effect the separa-
ton of the Oregon Short Line & Utah
Northern from the Union Pacific sys-
tenn, and its operations under an indie
pendent receivership, will have on the
business interests Of Salt Lake city
and the region tributary thereto. With
the exception of the persons whose IN
terests are almost inseparable from
the Union Pacific, all those who were
asked yesterday by Herald reporter
for an expression Of opinion on tine
subject were unit In declaring that
the expected dfsintegration would re-
suit in the greatest benefit to Utah,
Idaho and all the intermountaln re-
gion.
What the U. p. officials Think.
The Union Pacific officials who were
questioned about the probable results
of the dismemberinen or the north and
south line and spurs from the parent
system of the Union Pacific stated that
they did not anticipate any revolution
airy tactics, because they were of the
unafterable opinion that the interests
of the Short. Line system and the
Union Pacific proper are identical and
mutual. While the possible termina-
ton of the traffic arran gements may
not result disastrously to the Short
Line system, they believe that the
overland route will hold the, top hand
when it comes to a show down.
What Others Say.
| The representative Of the Rio
Grande Western and also Of eastern
roads that have agencies established
IN hi r,ffxy oC1rn fr- t11afv.
views readily responded. Curiously
enough all were unanimous in the
opinion that the separation of the
Short Line system and it's opera ton
Independent of the Union Pacif1c's re-
ceivers, as petitioned for by trustees
for a large portion of the bondholdsgs,
would rebound to the greatest adyan-
tage of Salt Lake and the entire terri
tory traversed by the road from Mil
ford on the south to Garrison, Mont,
on the north and Umatilla Junction,
Ore, on the west and Granger, Wyo.,
on the east.
One thing certain, railroad men, who
are not tied to tho Union Pacific, state
that the Rio Grande Western and
all the eastern roads running into Col
orado would be placed on an equal foot
ing with the Union Pacific in securing
! desirable traffic to and from all Utah
points and throughout Idaho. Montana
and to Portland and the Pacific coast
ports in the Great Northwest. Not less
important will be the fact tina the
trans-continental rates to Montana COM
mon points, which are from 80 ID 100
per cent less than the rates 70 Ctan
common points, will be made applicable
to Utah shippers. This alone will be
an advantage amounting to hundreds
of thousands of dollars annually 10
Utah's merchants and importers, all
due to the supplanting OF monopAl" by
spirited competition.
Headquarters in Salt Lake.
| All agree that the operation Of the
Short Line system to the great detri-
ment Of Utah and Idaho, hut in the
interest Of the Omaha end Of the Union
Pacific, promises TO soon cease. The
new arrangement, as anticipated, would
be very helpful in many ways to this
entire region, and not less SO to this
city, which by reason Of its favored
geographical position, would at once
reap untold advantages and assume
added Importance and power in the
commercial empire. of the west. The
probable es ablishment of headquarters
for the receivership management in
a boon, the magnitude and effects oil
which can hardly be. underestimated.
Likely to BE Three Receivers.
| 1t will likely be three weeks or more
yet before the anticipated disintegra-
! ton, following in the wake of the Den
! Yer & Gulf and Oregon Railway &
Navigation separations from the Union
Pacific system proper, materializes, and
until then it is only in the province OF
! speculation to suppose who the receiver
or receivers Of the Oregon Short Line
| and Utah Northern system may be
However 1t is reliably limited that there
I will be three receivers and that W. H
| Bancroft, the veteran railroad manager
who is now superintendent of the Short
Line portion of the Union Pacific, and
George A. Lowe, of this city, will be
two of them, with probably either
George w. Ristine, of Chicago, repre-
senting the dissatisfied bondholders, OF
Receiver Mcneil, of the Oregon Naviga.
| ton system. as the other one. Wher
it comes to the separation of the part
that has been the life-blood of the
Union Pacific, both sides will agree or
the personnel of the receiyership, leav.
ing their appointment by the court;
merely matter of form. It certainly
ought not to be difficult task for al
elements in the controversy to agree or
such trio of receivers as suggested.
Proceedings Commenced In Idaho.
| Boise, Ida, Dec 27.-The petition Of
the American Loan and Trust company
of New York, as trustees, to have
| separate receivers appointed for the
Oregon Short Line and Utah Northern
Railway company, was fled in the
| United States Circuit court here today