The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-28
HORACE G. BURT CHOSEN
NEW PRESIDENT SELECTED FOR
THE UNION PACIFIC RAILWAY.
hoard of Directors VIII Represent All
Interests of the ReOrganixed Line.
Good Berth for Mink.

1t was officially announced at New York
yesterday that Horace G.. Burt, third vice
president of the Chicago & Northwestern.
had been selected for the presidency of the
Union Pacific Railroad. Mr.. Burt's election
is expected to carry into effect the policy
determined on by the reorganization COM
mittee when it was supposed that Mr. Clark
would be able to continue IL the manage
ment of the property, but which is impossi-
bic owing to Mr.. Clarks i'll health. The
board Of directors is TO include Winslow S.
Pierce, chairman, James Stillman, Marvin
Hughitt. Roswell Miller, E. H. Hartman
Louis Fitzgerald, Henry B. Hyde, John w.
Doane, Otto II. Kuhn, T. jefferson Coolidge,
jr, George J. Gould, Oliver Ames, George @.
Cannon and Jacob Fl. Schiff Oliver w.
New York Office.
More than fortnight ago, when it was
announced that Mr.. Burt would be chosen
to the presidency, strenuous denials came
from many quarters. 1t was alleged that
Mr. Burt was so closely allied with what
are called the Vanderbilt interests" that
to make him president of the Union Pacific
would be to place that line practically under
the same management as the New York
Central the Lake Shore and the Chicago &
Northwestern. 1t was further asserted that
this would be mistaken policy, as it would
tend to divert from the Union Pacific sup
port which it has hitherto received from the
Rock Island the Burlington, the st. Paul
and other great roads that center in Coun-
Gil Bluffs as their principal Missouri river
point. 1t was pointed out that all these
roads had terminals at Kansas City and
could throw a large volume of Pacific coast
bound business that way. The opinion in
New York now. so far as it can be gathered
thus early is that the new directory has
been very carefully made up SO as to dis
count any of the above alleged objections
to Mr.. Burt as president.
All the great roads seem to be Interested
directly or indirectly in the new territory.
WinsOw 5. Pierce is a well-known New
York lawyer and has had much to do with
the Gould interests in the Missouri Pacific
James Stillman is the head of the firm OF
StIlman g. Hubbard, of New York, large
vim Hughitt is president of the Chicago &
Northwestern and Roswell Miller OF the
Chicago, Milwaukee & st. Paul, while 2. IL.
Illinois Central. Louis Fitzgerald IS rresi-
dent of the MeHcantile Trust Company of
ne" hUfk, anu re sI,rance fomnanv Of
the same city. John W. Doane is a we'll
known capitalist and railway organizer of
Chicago; Otto II. Kuhn is of the financial
firm of Kuhn Loeb & Co., of New York,
while T. Jefferson Coolidge represents, with
Oliver Ames. the Ames and many OF the
New England holdings. George j. Gould IS
president of the Missouri Pacific; George Q.
Cannon is from Utah and is credited with
much work in the reorganization plan, while
Jacob II. Schiff was q MEMBER OF me reOr-
ganization committee and IS in close touch
with j. p. Morgan & Co. Oliver w. Mink
was one of the receivers before the reor-
ganization and subsequent sale of he road
to the syndicate. 1t will be seen that the
new board embraces so many whose inter-
ests are opposed to any single or dominant
control in the Union Pacific that TO call the
road q part of the Vanderbilt system would
not be true in fact theory.
When the news of Mr.. Burts appointment
reached Union Pacific headquarters at Oma-
ha there was a general expression of sat
isfaction and Il told you so" from all.
General Manager Dickinson said: Il con-
slider it a most excellent appointment and
have all along looked for it. Mr.. Burt Is an
accomplished man. Other heads of depart
offices of other lines there was none put
good words for the new president. AT the
Elkhorn Office where Mr.. Burt was once
general manager, there was great elatlon.
BUSINESS concerning the changes the, new
president will make in the operating force
of the road. While no notice or any altera,
tions have been given, there is general
impression that some sweeping changes VIII
be made.
Mr. Burt has been with the Northwestern
road for MANY years Previous to 1888 he
was chief engineer of the road. I'm that year
he was appointed general manager or the
Fremont E1khorn q Missouri Valley Kali
road which is part of the Northwestern sys-
TEN, and served in that capacity untll
wear ago, when he was elected tnlru wee
president of the Chicago & Northwestern.
When a young man ne lived IN IerIe fiau .t:s,
was educated in the Rose Polytechnic
School of that city and when a student was
considered an unusually promising man.