El Paso daily herald. (El Paso, Tex.) 1881-1901, 1896-12-28
CHAPTER IL UNION PACIFIC.
| The Government About to FOreclOse it
MOrl ma0eS and rIakn Possession.

IlitllL ABOUT 10 L DtbC1OSt us
Mortgages and Take Possession
The government will foreclose its old
time mort gages on the Union and Cen
tral Pacific roads, irrespective of the
rights real or alleged of other mort
gage bond holders. The Union Pacific
proper extends from Council Bluffs,
Ia, to Terrace, Utah, about 1900 miles,
although the Southern Pacific which
leases the Central Pacific operates the
link between Ogden and Terrace. The
Central Pacific extends from Terrace
to San Francisco, but as the Southern
Pacific company controls the San Fran
cisco entrance, the government or who
ever else takes the Central may have
some difficulty in securing right
of entrance. The courts will have to
be resOrted to in any event The
Central has no lateral feeders control
led by the Southern Pacific; but the
Union Pacific has in past years built up
great system by securing control of
the Kansas Pacific, running from kaB-
sas to Denver, numerous small lines
connecting with it in Nebraska and
Kansas, the Colorado lines connecting
it with the Gulf of Mexico, the Cheyenne
and Northern, the Denver and South
Park road, the old Utah Central, the
Utah and Northern running to Butte,
Mont, the Oregon short line, and the
ny, the latter giving steamship con-
nection between Portland, San Fran
cisco and Alaska.
1t was great system, and astute
| railroad maestros, like S. H. H. Clark.
Sidney Dillon, Jay Gould, Charles
| Francis Adams, Tom Potter aud others
who accomplished this, thought they
| had the consolidation on permanent
| basis. But the government hold was
| nj nf a 10
| successfully accommodated, and few
years ago disintegratiOn set in that
| will shortly leave the main trunk lines
| between Council Bluffs and the coast a
dead weig hit on the governments hands.
| The Denver * Gulf, on petition from
| eX- Governor Evans in the United States
court, was thrown into the hands of a
receiver, Frank Trumbull, formerly OF
| the Missouri Pacific, and after
prolonged battling in the courts, the
lines achieved a substantial iudepend-
euce. Then to il was added the
Denver and South Park on the latter :
| being thrown off by the Onion Pacific
| receivers as unprOttable: and 1t was
| only a few weeks ago that General J.
| NJ. Dodge, who has fought Governor
| Evans bitterly in this segregation
| from the Union Pacific, came out and
| acknowledged that the old governor
| was right, and is now adding his III
| tlnence to the efforts to complete the
union of the old Union Pacific interests
| in Colorado under the separate action
| and corporation of the Denver, Pacific
and Gulf system: This includes the
Julesburg cut off, the direct line tC
Cheyenne from Denver, the Cheyenne
& Northern to connect with Custe
| City, Mont, the Boulder Valley and
! Georgetown roads, aud Denver and
South Park road, and the line from
| Denver to Galveston via Fort Worth.
| rhe present mana cement of this system
| incipient though it is, has been such as
to reflect the highest credit on Judge
| Hallet in his appointment OF Frank
Trumbull as receiver.
| The Utah Northern and the Oregon
short line company have also effected a
| separate corporate existence, and are
| being welded into a system of their
own, leaving the main trunk line strip
| ped and bare. The Union Pacific
management, however, has been doing
everything in its power to hold up its
end of the stick: and considering the
difficulties encountered, President
| Clark and General Manager Dickinson
have accomplished wonders than
| could have been expected of them in
| fact What will become of the Kansas
| Pacific is not certain. 1t may fall into
| the hands OF the Missouri Pacific, and
again it may be conducted by a man
agement of its own as an Independent
corporation. The situation depends
| upon who secures a majority of the
stock.