The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-12-28
BURT CHOSEN PRESIDENT
U. P. Reorganization Committee
Picks Out Good Man.
HE Is HIGHLY PRAISED
AS a Vice-Prcsident OF the Chicago &
Northwestern, Mr.. Burt Made
Reputation for Zeal, Sagacity
and Untiring Energy.

nounced that Horace c. Burt third
vice president of the Chicago & North
western railway, has been selected for
the presidency of the Union Pacific.
Burt's election as president is expected
to carry into effect the policy determined
upon by the reorganization committee
when 1t was supposed Clark would be
able to continue in the management of
the property, but which is impossible
owing to Clark's i'll health. The board
of directors is to include Winslow 5.
Pierce, chairman; James Stillman Mar
vim Hughtt, Roosevelt Miller, l.. II.
Hartman, Louis Fitzgerald, Henry b.
Hyde John w. Doane, Otto H. Kahn,
Il. Jefferson Coolidge, jr., George j.
Gould, Oliver Ames, George @. Cannon
and Jacob Schif. 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 came from many quarters. 1t was
alleged that Mr. Burt was so closely al
lied with what are called the Wander
bilt interests" that to make him presi-
dent of the Union Pacific would be to
place that line practically under the
same management as the New York
cago Il Northwestern. 1t was further
asserted that this would be a mistaken
policy, as it 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 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 to-day. SO
far as can be gathered thus early, is
that the directorate has been carefully
made up so as to discount any other
objections TO Mr.. Burt as president
Winslow $. Pierce is well-knoWn law
yer and has had great deal to do with
the Gould interests in the Missouri Pa
cifc interests. James Stillman of the
firm of Stilman q Hubbard has large
holdings of Southern Pacific securities;
Marvin Hughitt is president of the Chi
cago d Northwestern, and Roswell
Miller of the Chicago, Milwaukee & st.
Paul, while L. II. Hartman is one of
the managing directors of the Illinois
Central. Louis Fitzgerald is president of
the Mercantile Trust company of this
city and Henry b. Hyde president of
the Equitable Life Assurance company
John w. Doane is a well-knoWn capt.
tallst of Chicago and railway organizer
Otto II. Kuhn is of the financial firm of
Kuhn, Loeb & Co., while T. Jefferson
Coolidge represents, with Oliver Ames.
the Ames interest and many of the New
England holdings. George j. Gould is
president of the Missouri Pacific. George
Q. Cannon of Utah is credited with
much work in the reorganization plan
Jacob ii. Schiff was one Of the Teorgan-
ization committee and is in close touch
with j. +. Morgan & Co. Oliver w
MI e h4 hot
the reorganization and subsequent to
the selling of the road to the syndicate.
1t will be seen that the new board en-
braces so many whose interests are OPP
posed to single or dominant control of
the Union Pacific, that to call it part
of the Vanderbilt system would not be
true in fact or theory.
Omaha. Dec. 27.-When the associated
press gave the Union Pacific headquar-
tiers force news of the appointment of
Horace G.. Burt to be president of the
new company there was general ex-
preston of satisfaction. General Man
ager Dickinson says: Il consider ii
most excellent appointment and have
all along looked for 1t. Burt is an ac-
complished railroad man"
Other heads of departments expressed
similar sentiments AT the office OF
other lines there were none but good
words for the new president. At the
general manager. there was great ella.
ton. The Northwestern people are also
we'll pleased. In Union Pacific circles
there is much uneasiness concerning
changes the new president will make in
the operating force of the road. While
no notice of any alterations has been
given there is a general impression that
some sweeping changes will be made.
Chicago, Dee. 27.-The newly elected
president of the Union Pacific railway,
when told by reporter of the Post of
the Christmas present the new man
ayers of the great railroad had present
ed To him, looked TO be the most sur
prised man in the Northwestern build
irg.
"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 him.
"Oh, it's all right" reiterated his WISH
tor; there is no doubt about it at ALL"
We'll, we'll" sighed Burt. as he drew
on his gloves and started for a restau-
rant for his monday luncheon. Il never
had an idea of such thing. | have not
been notified and / do not believe l care
TO talk until | am officially notified of
the appointment
"Wnl you accept the position, Mr..
Burt?"
Il am not going to talk about it, How
ever. l will admit / have my ambi-
tons"
Men who have worked with him or
under him declare Burt's energy is I'M
firing, his foresight almost unfailing
and other abilities, making him a sue
Cessful handler of great enterprises, are