The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-17
Thurston Thinks They Want to
Get Control.
SOME SIGNIFICANT FACTS.
PRESIDENT HUNTINGTON ALSO
TALKS ON THE SUBJECT.
Is Satisfied That the Vanderbilts
Are Not Figuring on Getting the
Central Pacifc-Suit of the Far
mer's Loan 81 Trust Company
Against the o. IL. IL N.-The VAL
ley Road-The Local Field.

SAN FRANCISCO, Oct. 16.-Cnit d
States Senator Thurston. counsel for the
Union Pacific is in the city and was
asked what he thought OF the report that
the Vanderbilts were endeavoring to Sc
cure control of the Union Pacific.
1T is quite apparent to the most casual
observer" said Mr.. Thurston that The
Vanderbilts must be having a say i'll The
Union Pacitic's affairs when such men as
Chauncey NJ. Depew and Marvin IIughitt
are two of a committee of h.e who are
to reorgonize the roads present indebted
ness. l cannot swear that The Wander
bits are going to take the Union Pacific
but l World not be surprised ii Tho
Eanderbilts should sooner or later be
found to have an influential voice i'll the
property's direct management.
Vanderbilt influence.
at is generally understood that thu
Vanderbilts have strong influence IN
the Chicago x Northern. The AmeS or
Boston, and the Goulds, Dhlons ard
Vanderbilts OF New York probably own
the bulk of Union Pacific stock and many
of its bonds. 1 do not know what unGer-
standing these people have themselves.
but 1t may or may not be significant that
Marvin Hughitt, president of the North-
western is onion Pacific director and
that the two roads are now being opcrdC-
ed under a close traffic agreement.
Huntington Speaks.
that the Yanderpilts are negotiating with
him relative to acquiring a lease of The
Central Pacific in order to it in con-
nection with the Union Pacific as IN
overland system into this state and city.
He further states that he would not
lease the Central Pacific to the Wander
bits or anybody else. He wants to keep
1t as part of his Southern Pacific
system.
During a conversation about the prob
ability of the Vanderbilts taking control
of the Union Pacific Mr.. Huntington said
May Get the Active Management.
81 would not be surprised to hear Of
the Nanderbilts taking active manage
ment Of the Union Pacific. They have
plenty of money to enable them to do 50,
and are able men. While l do not know
it to be positive fact, | understand they
hold considerable of the roads sccuri-
ties. They are also supposed to be IN
control of the Chicago & Northwestern.
These facts may or may not mean some
lhlnS. II is none OF my business how
ever. and | have got enough of nv own
10 attend to without trying to pry into
other peoples affairs.
Not After the Central Pacific.
"The Nanderbilts have not sought 10
lease or get control of the Central Pa
enc. They have nothing to do with it.
and, as far as l know, do not wish the
property. | am not anxious to part with
the Central Pacific. We have always
been on good terms with the Vanderbilts.
II they get actual control of the Union
Pacific, see no reason why we should
not be on good terms with them If they
want TO build into San Francisco, that
VIII be their business, not mine The
Union Pacific people have not asked us
to come to their assistance. If they had
we might have endeavored to join them
in some scheme. That is all l can say
on the subject