The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-28
SELECTED AS THE PRESIDENT FOR
THE REORGANIZED UNION
PACIFIC SYSTEM.
OMAHA IS WELL PLEASED.
RECEIVED AT THE HEADQUAR-
-, TIERS OF THE ROAD.
MANY INTERESTS REPRESENTED.
New Directorate SCI Made Up as to
Discount Amy Objections to
President Burt.

NEW YORK, Dec. Cit is officially
announced that Horace G. Burt, third
vice president of the Chicago & North
western Railroad 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 determined
upon by the reorganization committee
when it was supposed that Mr.. Clark
would /be able to continue in the man
Rgep mt of the property, but which is
impossible, owing to Mr.. Clark's i'll
health. The board Of directors is to
include Winslow S. Pierce, chairman;
James Stillman, Marvin Hughitt, Ros-
we'll Miller, E. H. Hartman, Louis
Fitzerald, Henry B. Hyde, Johu W.
Doane, Otto H. Kahn, T. Jefferson Coo
lidge Jr., George J. Gould, Oliver Ames
George Q. Cannon and Jacob H. Schiff
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
denials came from New York quarters
It was alleged that Mr.. Burt was so
closely allied with what are called 1.-The
: Vanderbilt interests" that to make him
president of the Union Pacific, would
be to place that line under the same
management as the New York Central
. the Lake Shore and the Chicago &
Northwestern. 1t was further asserted
"a thic would he CT lyar
Il 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
boint. 1t was pointed out that all these
doads had terminals at Kansas City
and could throw a large volume of
I 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
carefully made up so as to discount any
of the above alleged objections to Mr..
Burt as president. All the great roads
seem to be represented directly or in
directly in the new directory. W. s.
Pierce is a well-known lawyer and has
had much to do with the Gould inter-
csts in Missouri Pacific. James Still
man, of the firm of Stillman & Hub
bard, large holders of Southern Pacific
securities; Marvin Hughitt is president
of the Chicago & Northwestern and
Roswell Miller, of the Chicago, Milwau-
llee & st. Paul, while E. H. Hartman
is one Of the managing directors of the
Illinois Central Louis Fitzgerald is
president of the Mercantile Trust COM
pany of this city, and Henry B. Hyde.
president of the Equitable Life Assur
ance company; John w. Doane is a well
known capitalist of Chicago and rail-
way organizer Otto Fl. Guhn is of the
financial firm of Kuhn. Loeb & Co.,
While T. Jefferson Coolidge represents,
with Oliver Ames, many Of the New
England holdings. George J. Gould is
president of the Missouri Pacific.
George @. Cannon is credited with much
work in the reorganization committee,
end is in close touch with ]. P. Morgan
& Co. Oliver w. Mink was one of the
receivers before the reorganization, and
suisse uent sale of the road to the syn
dicate. It will be seen that the new
beard embraces so many whose inter-
c5tG are opposed to any single or domi-
nant control in the Union Pacific that
to call the road part of the Wander
bilt system would not be true in fact
or theory.