The record-union., 1897-12-28
The Official Announcement Of the Fact
Made at New York.
The New Official at Present Third
Vice-President of the Chicago
and Northwestern Road-Heads
Of Departments Of the Union
Pacific Well Pleased at the Sc
lection.

NEW YORK Dec PIT is officially
announced that Horace +. Burt, Third
Vice President of the Chicago anu
Northwestern Railway Company, has
been selected for the Presidency of the
Union Pacific Railroad Company.
MIR. Burts election as President IS
expected to carry into effect the pohcS
determined upon by the Reorganlza-
ton Committee when it was supposed
that Mr.. Clarke would be able to con-
tinue in the management of the prop
erty, but which is impossible, owing
TO Mr.. Clarkes i'll health.
The Board Of Directors is to include
Winslow S. Pierce (Chairman). James
Stillman, Marvin Hughitt, Roswell
Miller, E. H. Hartman, Louis F1tzger-
aid, Henry B. Hyde, John w. Doane,
Otto H. Kahn, Jefferson Coolidge, Jr.,
George ]. Gould, Oliver Ames, George
Q. Cannon and Jacob II. Schiff. Oliver
w. Mink is to be Vice-President in
charge Of the New York office.
More than a fortnight ago, when 1t
was announced that Mr.. Burt would
be chosen to the Presidency of the
Union Pacific as reorganiZed, Strenu-
Gus denials came from many quarters
1t was alleged that Mr.. Burt was so
closely allied with what is 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 YOfk
Central, the Lake Shore and the Chi
cago and Northwestern 1t was fur
ther asserted that this would be a
mistaken policy, as it would tend to
divert from the Union Pacific support
which 1t has hitherto received from
the Rock Island the Burlington, the
st. Paul and other great roads that
center in Council Bluffs as their prln-
cipaI Missouri River point. 1t was
pointed out that all these roads had
terminals at Kansas City, and could
throw large volume of Pacific Coast
bound business that way.
The opinion in New York to-day, so
far as it can be gathered thus early, is
that the new directory has been very
carefully made up so as to discount
any of the alleged objections to Mr..
Burt as President. All the roads seem
To be represented directly or indirectly
in the new directory. Winslow S. Pierce
is a well-known lawyer, and has had
much to do with the Gould interests in
Missouri Pacific. James Stillman of the
firm of Stillman & Hubbard has large
holdings in Southern Pacific securities.
Marvin Hughitt is President of the
Chicago and Northwestern, and Ros-
we'll Miller of the Chicago. Milwaukee
and st. Paul, while E. f, Hartman is
one of the managing Directors of the
Illinois Central. Louis Fitzgerald is
President of the Mercantile Trust Com
pany of this city, and Henry Il. Hyde
Is President of the Equitable Life In
surance Company. John W. Doan is
a weilknown capitalist Of Chicago ana
railway organizer. Otto Kuhn is of the
financial firm of Kuhn, Loeb & Co,
while 7. Jefferson Coolidge represents
with Oliver Ames the Ames and many
of the New England holdings George
j. Gould is the President of the Mis-
souri, Pacific. George Q. Cannon is
from Utah, and credited with much
work in the reorganization plan. ia
cob II. Schim was one of the Reorgan-
lZation Committee and is in close touch
with j. 7. Morgan &c Co. Oliver w.
Mink was one of the receivers before
the reorganization and subsequent sale
of the road TO the syndicate.
1t will be seen that the new board
embraces SO many whose interests are
opposed to any single or dominant con-
troll in the Union Pacific that to cali
1t part of the Vanderbilt system
would not be true in fact of theory
GIVES GENERAL SATISFACTION.
OMAHA, Dec. 21.-When the Asso-
ciated Press gave the Union Pacific
headquarters force the news of the ap-
pointment of Horace NJ Burt to be
President of the new company there
was a general expression of satisfac-
ton.
General Agent Dickinson says: "I
consider it a most excellent appoint
ment and have long looked for it.
Mr.. Burt is an accomplished railroad
man.
Other heads OF departments ex-
pressed similar sentiments.
At the office OF the other lines there
We're nothing but good words for the
new President. AT the Elkhorn offices,
where Mr.. Burt was once General Man
ager. there was great elation. The
Northwestern people are also we'll
pleased.
In Union Pacific circles there is much
uneasiness concerning the changes the