The San Francisco call., 1897-10-11

system. There. is a Widespread belief
among the Western railroad men that the
reorganization committee will purchase
the railroad. The presence, of three men
on the committee, thought to be con-
trolled by the Vanderbilt interests. is re-
garded as an indication of the ownership
should the reorganization committee get
the property at the approaching sale.
Within the last few days. however ru-
mors of the purchase of the railway by an
English syndicate have been rife. Some
of these rumors are explained by the fact
that much English capital is represented
by the reorgan iZation committee. A
prominent rairoader here this week
vouchsafed another explanation of the
stories of English ownership. He said
THE press dispatches state that the
Acknowledgement admits th@ he has re-
ceived queries from the other side about
the conditions OF the purchase. That con-
firms an opinion 1 have long held. The
greater part of the lines of the Central
Pacific is leased and operated by, the
Southern Pacific. 1t would not surprise
me at all if the owners OF the Central Pa
cjtic should. put in a bid for the Union
Pacific at the sale next month. Whether
they cou. d outbid the reorganization COM
mitiee is another matter But if they get
the road they would then own the great
est transcontineut tai railroad in the coun-
try, extending across the country in an
almost straight line from Council Bluffs
to within fifty miles of San Francisco"
1t is generally believed, however. that
the reorganization committee will get the
Do OF ha caf
posted raIlroaders say that this committee
will be the only bidder for The property.
The question that now bothers the rail-
road world, and especially that part of it
which is attached TO the Union Pacific
system here. is concerning the presiden CIV
oi the road should the reorganization
committee get possession of the property.
There are three men whose names are
frequently mentioned in connection with
the position: S. II. H. Clark, Oliver w.
Mink and Edwin W. Winter Two
months ago. when the health of Presi-
dent Clark appeared 10 be seriously bad,
all indica tions pointed 10 another man
for the presidency, but the best railroad
men IN Omaha to-day firmly believe. tn {
the new president will be the man who
has been at the head of the road during
its foar years receivership.
The friends of Mr.. Clark here stoutly
maintain that he can have the presidency
under the reorganization if he wants it.
and they believe that the only question is
whether his health will permit his accept.
ance of such q tremendous undertak king
as the reorganization OF the Union Pacific.
Lately his health has shown great i'm
provement, and The few officials at the
local headquarters say that Mr. Clark
will surely be the man. This view NAV
be construed as thought that is fatbered
by wish. Should Mr.. Clark remain a,
the head of the road it is certain that
there will be no great changes among the
officials. Should Winter come into power
il Is admitted that NUN ber of heads are
likely 10 be dropped into the basket.
Oliver w. Mink has been the most ac-
tive OF the receivers for some time mast
and has come to The front, during Clark s
enforced withdrawal from active partiei-