The Wichita daily eagle., 1897-12-28
BURT WILL PRESIDE
OVER THE FUTURE FORTUNES OF
THE UNION PACIFIC.

of the Union Pacific - Mr.. Burt Who q
Pleased But Says Nothing-The News
in Omaha-sweepipg Changes Probable
Other Railway News
New York, Dec. 2.-It is officially an
nounced that Horace G. Burt, third vice
president of the Chicago and Northwest
ern Railway company, has been selected
for the presidency Of the Union Pacific
Railway company.
Mr.. Burt's election as president Is ex-
pected to carry into effect the policy de-
termfned upon by the reorganization
committee when it was supposed tha,
Mr.. Clark would be able TO continue in
the management of the property, but
which is impossible, owing to Mr.. Clark
ill-healtn.
The board of directors is to include
W;nslow S. Pierce, chairman; James Still
man, Marvin Hugnitt, Roosevelt Miller,
z. H. Hartman, Louis Fitzgerald, Hen
ry W. Hyde, John w. Doane, Otto H.
Kuhn, T. Jefferson Coolidge, Jr., George
J. Gould, Oliver W. Ames, George Q.
Cannon and Jacob H. Schiff. Oliver W.
Mink is to be vice president in charge OF
the New York Office.
More than a fortnight ago when IL was
announced that Mr.. Burt would be chos-
en- to the presidency of the Union Pa
cific as reorganiZed, 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 under practically the
same management as the New York Gen.
trail, the Lake Shore and the Chicago
and Northwestern. It was further assert
ed that this would be a mistaken policy,
as it would tend to divert from the
Union Pacific support which ii has NTH
erto received from the Rock Island, the
roads that center in Council Bluffs as
their principal Missouri river point. It
was pointed out that all these roads had
terminals at Kansas City and could
throw a large amount of Pacific coast
bound business that way. The opinion
in New York today so far as it could be
gathered thus early, was that the new
directory had been very carefully made
up SO as to discount any of the above
dent. All the great roads seem TO be rep
resented 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 Pa
cific. James StilIman, of the firm of
Shllnan & Hubbard, is a large holder
of Southern Pacific securities; Marvin
Hughitt is president of the Chicago and
Northwestern, and Roswell Miller Is of
the Chicago, Milwaukee and st. Paul,
while e. H. Hartman is one Of the man
aging directors of the Illinois Central.
Louis Fitzgerald is president of the Mer-
camille Trust company of this city and
Henry B. Hyde Is president of the Equit-
able Life Assurance company. John w.
Doane is a wei known capitalist of Chi
cago, and railway organizer. Otto II.
Kuhn Is Of the financial firm of Kuhn,
Loeb & Co., while T. Jefferson Coolidge
with Oliver Ames, the Ames
and many of the New England holdings
George j. Gould is president of the Mis-
souri, Pacific, George @. Cannon, United
States senator from Utah, is credited
with much work in the reorganization
plan, While jacob H. Schiff was one Of
the reorganization committee and Is in
close touch with J. P. Morgan & Co. Oh
liver W. Mink was one of the receivers
before the reorganization and subse-
quent sale of the road to the syndicate
Il will be seen that the new board en-
braces so many whose interests are op-
posed to an ysingle or dominant control
n the Union Pacific that to call the road
a part of the Vanderbilt system would
no. be true in fact or theory.
BURT GETS THE NEWS.
Chicago, Dec. 27.-Railroad officials in
Chicago say that they have been for
some time expecting the appointment of
Horace G. Burt, third vice president OF
the Chicago and Northwestern railroad,
as president Of the Union Pacific system.
Mr.. Burt has been with the Northwest
ern road for many years Previous to
1888 he was chief engineer OF the road. In
tina. year he was appointed general man.
ager OF the Elkhorn and Missouri Val
ley railroad, part of the Northwestern
system and served in that capacity until
a year ago, when he was elected third
vice president Of the ChicAgo and North
western.
The newly elected president OF the
Union Pacific, when told by a reporter OF
the Post what a Christmas present the
new managers OF the Union Pacific had
given him looked 70 be the most surpris-
ed man in the Northwestern building.
WHAT" he gasped, and then smiled,
after the manner of a man who thinks
he has caught a sharper in the act OF
trying to work off a gold brick on nim-
'-Oh, IT'S all right reiterated his visit
Or. There is no doubt about ii al all
"Wen, we'll" sighed Mr.. Burt, as ne
drew on his gloves and started for res
for his MONDAY lunch never
had an idea OF such a. thing. have not
been notified. and 1 do not believe that
care to talk until I am officially notified
Of the appointment"
"Win you accept the position, Mr.
Burt?''
II am not going to talk about il: how
ever / win admi; that have my ambi-
itons-I have my ambitions
With this, the third vice Presidsn: of
the Chicago and Northwestern and pros
pecjve head OF TIE great road which
went into ne west through herds OF bi-
son. having successfully wormed ali his
fingers into his gloves. dove into a res
taurant with happy look upon MS fea-
turets- The men who have worked with
or under him declare that Mr Burt's en-