, 1897-12-28
HORACE c. BURT.
THE NORTHWESTERN MAN WILL
BE PRESIDENT OF THE
REORGANIZED ROAD.
News Of His Appointment Made Known
Yesterday Afternoon Formerly
Manager of the Elkhorn-How His
Appointment Strikes the Union Pa
cific People-In Chicago.

that Horace u. Burt, third
vice president Of the Chicago and
Northwestern Railway company has
been selected for the presidency OF the
r~eorganized Union Pacific Railway
company.
Mr.. Burt's election as president is ex,
pected to carry into effect the policy
determined upon by the reorganization
committee when it was supposed tina;
Mr.. Clark would be able to continue
in the management Of the property.
but which is impossible owing to MIR.
Clark's i'll health.
The board of directors is to include
Winslow S. Pierce, chairman: James
Stillman, Marvin Hughitt, Roswell Mil
Ter, E. II. Hartman, Louis Fitzgerald.
Henry B. Hyde, John W. Doane, Otto
H. Kahn, T. Jefferson Coolidge. 1r.,
George J. Gould, Oliver 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 it
was announced that Mr.. Burt would be
chosen to the presidency of the Union
Pacific. as reorganized, strenuous de-
malls anne from many quarters.
1t was alleged that Mr.. Burt was so
closely allied with the Vanderbilt in,
terests," that to make him president OF
the Union Pacific would be to place that
line practically under the same man.
agement as the New York Central, the
Lake Shore and the Chicago and North.
western. 1t was further asserted that
this would be a mistaken policy, as 1t
would tend to divert from the Union
Pacific support which it has hitherto
received from the Rock Island, the
Burlington, the St. Paul and other
great roads that center in Council
Bluffs, as their principal Missouri river
point. 1t was pointed out hat all these
roads had terminals at Kansas City and
could throw a large volume Of Pacific
coast business that way.
The opinion in New York today. SO
far as it can be gathered thus early, il
that the new directory has been very
carefully made up so as to discount any
Of the above alleged objections to Mr..
Burt as president.
All the great roads seem to be repre-
scented directly or indirectly in the new
directory. Winslow S. Pierce is a we'll
known lawyer and has had much to do
with the Gould interests in the Mis-.
souri, Pacific. James Stillman. Of the
firm Of Stillman & Hubbard, has large
holdings OF Southern Pacific securities;
Marvin Hughitt is president Of the
Chicago and Northwestern and RIOS
well Miller Of the Chicago, Milwaukee
and st. Paul, while E. H. Hardman is
one OF the managing directors of the
Illinois Central. Louis Fitzgerald IA
president Of the Mercantile Trust com.
paly of this city and Henry B. Hyde
president of the Equitable Assurance
society. John w. Doane is a we'll
known capitalist Of Chicago and a rail-
way organizer. Otto H. Kuhn is Of the
financial firm Of Kuhn. Loeb & Co,
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 of Utah,
credited with much work in the reor,
ganization plan, while Jacob H. Schih
was one Of the reorganization commit.
tee and is in close touch with J. P. Nor,
gan & Co. Oliver W. Mink was one o.
the receivers before the reorganization
and subsequent sale of the road.
1t will be seer that the new board
embraces 80 many whose interests are
opposed to any single or dominant con
troll in the Union Pacific. that to call /,
la part Of the Vanderbilt system would
not be true in fact or theory.