The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-12-28
Will Preside Over the
ReOrqanized Union
Pacific Road.
Prominent Men Who VIII
Have Seat in the New
Directory.
Their Interests Are So Diversified
That the Vanderbilt System VIII
Not Be in Control.
Special Dispatch to The Call.

NEW YORK, Dec, Pit is officially
announced that Horace F. Burt, third
vice-president of the Chicago and
Northwestern Railway Company, has
been selected for the presidency of the
Union Pacific Railway Company. Mr.
Burt's election as president is expected
to carry into effect the policy deter
mined on by the reorganization commit
tee when it was supposed that Mr..
Clarke would be able to continue in the
management of the property, but
which is now impossible, owing TO Mr..
Clarke's i'll health
The Board of Directors is to include
Winslow S. Pierce, chairman; James
Stillman, Marvin Hughitt, Roswell
Miller, z. H. Hartman, Louis Fitzger-
aid, Henry B. Hyde, John W. Doane,
Otto H Kahn. Jefferson Coolidge Jr.,
George ]. Gould. Oliver Ames, George
]. Cannon and Jacob Schiff. Oliver
W. Mink is to be ice-president and
Will be in charge of the New York Of.
fee.
More than fortnight ago, when it
was announced that Mr.. Burt would be
chosen to the presidency of the Union
Pacific as reorganized, strenuous de-
mails came from many quarters. IT
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 and Northwestern. 1t was
further asserted that this would be
mistaken policy, as 1t would tend to di-
vert 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 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 to-day. so
far as 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 indirect
ly, in the new directory. Winslow S.
Pierce is well-known lawyer, and has
had much to do with the Gould inter
ests in the Missouri Pacific; James
Stillman of the firm of Stillman & Hub
bard has large holdings of Southern
Pacific securities; Marvin Hughitt is
president of the Chicago and North
western, and Roswell Miller of the Chi
cago, Milwaukee and St Paul, while
z. +. Hartman is one of the managing
directors of the Illinois Central. Louis
Fitzgerald is president of the Mercan-
tile Trust Company OF this city, and
Henry B. Hyde is president of the
Equitable Life Insurance Company.
John w. Doane is well-known capi-
talist Of Chicago and a railway organ
iEer; 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 other New England holdings.
George j. Gould is president of the
Missouri Pacific George ]. Cannon is
credited with much work in the re-
organization plan; Jacob H Schiff was
one of the reorganization committee.
and is in close touch with ]. p. Nor
gan & Co; Oliver W. Mink was one
of the receivers before the reorganiza-
ton and subsequent sale of the road to
the syndicate.
It 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 call II
part of the Vanderbilt system would
not be true in fact or theory.