The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-06-11


the property not as investors but a.
stock jobbers; that consequently
freight and passenger rates have beer
put at the highest notch that the
traffic would bear, oblivious of the fact
that the development of the country
has been thereby retarded; that strug,
! Cling industries have been crushed out
by unfair concessions; that natural
markets and eenters have been denied
! their geographical pre-eminence by the
/ desire for the long haul; that the pri-
Vate interests of Union Pacific capital
! lists in various Omaha and other con-
| Germs has made competition unproft-
! able; and that local managers have
been thus encouraged to show heavy
| incomes even though oppression and
| discrimination may have been an ele-
ment in securing them
For these reasons, the suggestion
that the decision of the court means
a victory for the Union Pacific has
aroused a feeling of intense hostility
in many minds.
But does all this follow from the
appointment of Mr.. Bancroft? Is it a
fact that he will be the subservient
tool of the Union Pacific, controlled by
him in the conduct of his office? Were
this to be the case there can be no
doubt that an application and showing
to the court would result in his instant
removal. It is of course undeniable
that he was the candidate of the
Union Pacific for the position. But
despite these adverse suggestions,
there can be no question that Mr.. Ban
croft's chief interest is in and will
continue to be in the excellence of his
record as a railroad man. There is no
reason for believing that that same
fidelity and energy that have distin-
guished his past career will fail to
mark his future course. Mr.. Bancroft
has no financial interest in the Union
Pacific; his allegiance to that line
continues only during his connection
with it. We do not understand that
his previous record on the Rio Grande
Western has opened his fealty TO his
present employer to question. We
therefore feel that whatever sins may
be debited TO the Union Pacific, the
proposition is not tenable that Mr.
Bancroft will be the subservient tool
of that disintegrating corporation,
whose future is so uncertain as to fur
nish no temptation to official fidelity.
Notwithstanding the suggestion that
the plaintiff may decline to assume the
divided control OF the Utah lines and
may not even avail itself of the re-
ownership elsewhere. we incline to the
opinion that it will on further con-
sideration determine to avail itself of
the powers granted; that it will do this
because it will reach the conclusion
that Mr.. Bancroft is acceptable or will
conclude, even without change of SEN
timent as to his allegiance to the
Union Pacific, that it will be better to
have a voice in the Utah situation
through Mr.. Egan than to be left
voiceless.
The event alone will determine how
the interests of Utah may be affected.
A change in the personnel of those
gentlemen who now represent the
Union Pacific in this city and vicinity,
in the passenger, freight and operating
departments, far from being desired
by the people, would be regarded by
them as being unfortunate. Such
change is of course not a necessary
concomitant of the receivership.
We confess to a desire that the Trust
Company may decide to try the CO.
receiver experiment. We believe that
the general sentiment that a divorce
from the Union Pacific would be ad-
vantageous for the interests of Utah,
is we'll founded.