The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-08
THE HEADQUARTERS.

I lne amount OF the mortgage Inc
! property is knocked down and passes
to the lowest bidder
THE HEADQUARTERS.
"a report is current here that the
main offices of the reorganized line may
not be located in Salt Lake; is there
any truth in that rumor?"
! Chairman Carr-'We are not pre-
pared to answer that question"
| 1T has been suggested that head
quarters might be established in
Omaha"
Wen, I had not heard anything
about it,
Has the reorganization committee
settled upon the point?"
No, it has not been decided
When will it be?"
After the tra nsfer is made.
1t is possible then that Salt Lake
will not be selected as such headquar-
ters?"
"Oh. it is possible. After the new
will also be disposed of with many
others"
rs it probable, Mr.. Carr, that Salt
Lake will not become the fortunate
point?"
4 am really not prepared to say
The Ogden gateway has also be-
come of interest attendant upon the
about that problem?"
Mr.. Nichols pleaded ignorance of its
portent and Chairman Carr smiled sig
nificantly.
The new company shall treat all
other lines on the same basis,' he re-
piled, as it does the Union Pacific.
Yes, the relations between the in
dependent line and the old system will
be friendly"
1t is not probable that the new sys-
tenn will do anything to antagonize the
Union Pacific in its previous extensive
commerce of the northwest reached
only through the Short Line?"
Hardly. The Union Pacific proper
has its terminal at Granger, wy, its
only outlet would be through the new
system. The independent line will be
in business for its own interest and
shall bid for all of the business it can
get. 1t Will have its own officials and
VIII not be dominated by any other
system
Has the committee talked over the
presidency of the rOad?"
No. that will est with the director
ate of the company"
Chairman Carr said that the coming
of the Union Pacific officials had moth
ing to do with the sale and he was
not positive that they would be here
but had understood so.
he INlON HAGlt1O EN- u.
Advices from Omaha say that the
Union Pacific party left that city yes
terday morning bound for Salt Lake
and a special train service, one of the
most elegantly appointed that had ever
left the place, had been provided for
the transportation of the receivers and
other officials. Upon their arrival some
linking may be gathered of Bancroft's
possible successor in the position now
occupied by that popular railroad man.
The failure of Chairman Carr to go
further than his admission of Mr.. Ban
crOft's selection blocked the way to
ascertaining the chances of Eccles and
Burley for traffic manager and general
passenger agent. Mr.. EccleS and
Farley L. Williams local counsel for
the Union Pacific, We're at the hotel to
meet the members of the reorganiZa-
ton committee and both Chairman
Carr and Counsel Nichols remained in
consultation with Eccles for a long
time. Another party to the sale who
arrived yesterday was ". 5. kisling
bury. of Boise, attorney for the Union
Pacific a. lat point.
By noon tooay me corridors of the
Knutsford VIII be as ful of big rail-
road guns as politicians and rumors
and cOunter-rumOrs viii pestle the air
with excitement.
ALL EXPECTANCY.
Quite a number of the local officials
will be on the uneasy seat and every
thing may be expected to continue
agog until after noon tomorrow. 1t is
understood that all Of the required le-
gal preparations have been completed
and nothing remains but patience.
Referring to the statement that the
reorganization of the Short Line
makes il the connecting link for an i'm
dna1 &c borne infaranPpc
drawn from Chairman Carr'S interview,
after the student of the situation re-
members that the enormous Wander
bilt transcontinental syndicate, given
birth one year ago, began to rattle its
bones in New York a few days since.
For the benefit of the many who are
closely following the Short Line auc-
ton, rapid sketch of the Vanderbilt
scheme will be repeated.
THE VANDERBILT SYSTEM.
At the time of the syndicate's forma-
tiOn-or, as il was familiarly known,
the REORGANIZATION committee of the
Union Pacific mortgage bOnds-the
plan of that body was published. The
committee proposed to assume the
governments obligations in the Union
Pacific system and to issue bonds
amounting to 100000. No action
was taken by the last session of con-
gress TO ratifY the scheme, and now
the whole matter has been revived. If
the committee obtains control of the
Union Pacific, the Vanderbilts viii
then have secured a direct line to
Granger, WVo.. over the New York
Central and Northwestern from the
Atlantic coast. 1t has been pretty gen
orally admitted by well-posted railroad
men for over a year that the Wander
bits had some hold upon the Oregon
Steamship and Navigation company's
property. extending from Huntington
to the coast. 1t viii be observed that
the missing link in this instance would
be the Oregon Short Line, which is
knocked down under the hammer to-
morrow morning. 1t is no secret that !
the Nanderbilts have expressed their |
determination to have the first great
transcontinental system in the United !
States. These surmises have quite /
naturally arisen since the Oregon Short |
Line was advertised for segregation /
from the old system. 1t would only be /
d sequence of the Vanderbilt plan of |
purchasing the links piecemeal and !
forcing the Union Pacific TO a favor
able traffic agreement.
On the other hand, does the presence |
of this host of Union PacifiI officials |
on the eve of the transfer lean that |
the old system is bidder fir the re- |
tention of its most valuable adjunct? |
That its mortgage interests Will make |