The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-12-01
CLARK DECLINES.
s. H. HI. Clark is offered Presi
dency of Z. P.
And Refuses the Place Owing
to Poor Health.
e. w. WINTER THE MAN
Who is Now Thought Most
Likely to Get the Place.
He Was Formerly President Of
the Northern Pacific.

st. Louis, Dec. 1.-AIr. s. H II. Clark
one of the receivers of the Union Pa
cific railroad today announced that he
had been offered the presidency Of that
company by the reorganization com
mittee, but that owing to i'll health. he
had refused the position
Omaha, Dec. president S. II H
Clark of the Union Pacific railway sys-
tenn did not come to Omaha yesterday
as had been expected. 1t is not quite
certain when he will be here, but GER
tainly not until next week. Since the
foreclosure sale became an assured fact
up until Mr.. Clark's return from the
New York meeting with the receivers
and the reorganization committee, the
only talk about the presidency Of TIE
new company one heard in Union Pa
cific circles was that the incumbent's
name would be Clark Several events
that happened in New York and sever
al things said by men prominent in re-
organization matters during the last
week have tended to change this wide
spread opinion. 1t is now generally adj
mitted that Clark viii not again be
president. A man unusually Eeeul=-
gifted in foresight regarding railway
matters says: I think the change OF
the Union Pacific to its new owners VIII
be followed by a complete reorEanlza-
ton. The purchasers of the Union Pa
cific were forced to pay SIS 000. 600 more
for the property than they had counted
on. The only way they can get that
back is to work it out of the property
To successfully accomplish this a re-
organization of the railroad viii be ab-
solutely necessary. This reorganiza-
tlOn may be gradual, but it is bound 10
come. I do not say that any of the
officials now here will EO-I hope not
but they are very apt to have their au-
thority curtailed by the placing of new
men over them. There is a good deal
of talk about Northwestern men 10
take charge of the property I presume
this is based on the fact that Marvin
Hughitt, president of the Northwest
ern, is the only active railroad man on
the committee having temporary
charge Of the road. But WinsIow 8
Pierce, attorney for the Gould interests.
is also a member Of the committee. To
my mind Jacob s Schim, the eminent
hnancier of Wall street is the most
powerful member of the committee
What he saws is likely to have the
greatest weight"
There has been a great deal of talk
about the prOba bility of eiectlng HCr-
ace c. Burt third vice president of the
Northwestern. to the Union Pacific
presidency. Those who predict Burt's
election, argue that President Hughitt
wants to take care of H. r. McCul-
Tough, general traffic manager of the
Northwestern by making him third vice
president to succeed Mr.. Burt.
Edwin w. Winter, formerly president
of the Northern Pacific is still named
by those very familiar with railroad
matters OF an executive nature. InSF
predict the election Of Mr.. Winter
either as president of the reorganized
Union Pacific, or as chairman of the
board of directors. The lists are filed
with a half dozen candidates. and in
order of reasonable probability, they
seem to run like this: Edwin w Win
ter, Horace G. Burt, S. II. II. Clark.
Edward Dickinson. VIM. II. Truesdale
and Oliver W. Mink.
1t has just developed that Horace G.
Burt has opened an office here in the
same building with the Elkhorn Off
GERS but on another floor, and is thera
enscOnced with private secretary and
clerks.
st. Paul, Dec THE impression
among railroad men here is against the
truth of the report that ex-president
e w. Winter of the Northern Pacific
railway is to be president of the new
reOrganized Union Pacific system. A
similar report was affirmed and denied
several weeks ago.
st. Louis, Dec. 1.-The declination OF
the presidency of the Union Pacific
road by S. H. H. Clark sets at rest ru-
mOrs which have been rife ever since
the Union Pacific was bought in by the
reorganization committee. For some
| time Mr.. Clark refused to deny. or
confirm the rumOrs, and every effort
was made by the management to get
him to accept the position. Today he
| announced that his decision was final.
| Ill-health, due to the heavy work i'm
| posed on him for many years, is the
| reason given for his refusal to accept
| the presidency.
Mr.. Clark sewers all connection with
the Union Pacific and will remain in St
Louis. 1t is not known whether or not
he will return to the Missouri Pacific
/ of which he was vice president and
| general manager for many years.