The herald., 1897-12-28
Vo DIRECT THE REORGANIzED
RAILWAY
The Appointment Was Expected and
Is Hailed With Satisfaction by
All Concerned
Associated Press Special Wire

= dClliC lNdillo0A NOAARSAS'
Mr.. Burt's election as President is ex-
pected to carry into effect the policy de.
termined upon by the Reorganization
Committee when it was supposed thai
Mr.. Clarke would be able to continue in
the management of the property, buI
which it is impossible, owing to Mr.
Clarke's ill-health for him to do. The
Board of Directors is to include Winslow
S. Pierce, Chairman; James Stillman
Marvin Hughitt, Roswell Miller, E. H
Hartman, Louis Fitzgerald, Henry B
Hyde, John w. Doane, Otto II.
Kahn, Jefferson Coolidge, Jr., Geo.
j. Gould, Oliver Ames, George U.
Canton and Jacob H. Schiff. oliver W.
Mink is to be Vice-President, in charge
of the New York Office.
SATISFACTION EXPRESSED
OMAHA, Neb., Dec. 27.-When the
Associated Press gave the Union Pacific
headquarters force the news of the ap-
pointment of Horace F. Burt to be Pres
ident Of the new company, there was a
general expression of satisfaction. Gen.
eral Agent Dickinson says:
IT consider 1t a most excellent appoint
ment and have long looked for it, Mr..
Burt is an accomplished railroad man."
Other heads Of departments expressed
similar sentiments. At the offices of the
other lines there were nothing but good
words for the new President. AT the
-Elkhorn offices, where Mr. Burt was
once General Manager, there was great
elation. The Northwestern people are
also well pleased.
In Union Pacific circles there is much
uneasiness concerning the changes the
new President will make in the operat-
ing force of the road. While no notice
Of alterations has been given there is a
general impression that some sweeping
changes will be made.
More than month ago, when it was
announced that Mr.. Burt would be chosen
to the Presidency of the Union Pacific,
as reorganized, strenuous 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 the line practically under the
same management as the New York Cen
trail, the Lake Shore and the Chicago and
that this would be mistaken policy as
1t would tend to divert from the Union
Pacific support which it has hitherto re-
ceived from the Rock Island, the Bur-
lington, 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 large volume of Pacific Coast
bound business that way.
The opinion in New York today, so far
as it can be gathered thus early, is that
the new directory has been very care
fully made up SO as to discountenance
the alleged objections to Mr.. Burt as
President. All the 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 Mis-
souri, Pacific; James Stillman of the firm
of Stillman & Hubbard, has large hold
ings of Southern Pacific securities; Mar
win Hughitt is President of the Chicago
and Northwestern, and Roswell Miller
of the Chicago, Milwaukee and ST. Paul,
while e. E. 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 Insurance Company; John w.
Doane is a wel-known capitalist of Chi
cago and railway organizer; Otto H.
Kuhn is of the financial firm of Kuhn,
Loeb & Co., while 7. jefferson Coolidge
represents, with Oliver Ames, the Alnes
k.,l - T,
j. Gould is President of the Missouri Pa
cific; George j. Cannon is United States
Senator from Utah, and credited with
much work in the reorganization plan;
Jacob H. Schiff was one of the reorgani-
cation committee and is in close touch
with j. p. Morgan & Co. Oliver w. Mink
was one of the receivers before the re-
organization and subsequent sale of the
road to the syndicate
1t will be seen that the new board en-
braces so many whose interests are on
posed to any single dominant control in
the Union Pacific that to call it a part of
the Vanderbilt system would not be true
In fact or theory.
THE EXPECTED HAPPENED
CHICAGO, Dec. 27.--Railroad officials
time expecting the appointment of Hor-
ace 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
1883 he was chief engineer. In that wear
he was appointed General Manager of
the Fremont, Elkhorn and Missouri VAL
ley, part of the Northwestern system.
and served in that capacity until year
ago when he was elected Third Vice
President of the Chicago and Northwest
ern.
S. P. INSPECTION
SAN FRANCISCO, Dec. CIV. G.
Curtis, engineer of the maintenance of
way department of the Southern Pacific
company, has returned from an extend
ed inspection trip over the company
lines.
During the past year over sixty miles
OF track in Arizona and New Mexico
nave been relaid with 75-pound steel
rails.
Mr.. Curtis had occasion to visit nearly
all OF the orange growing sections of