New-York tribune., 1901-05-11
EFFECT ON UNION PACIFIC.
VARIOUS OPINIONS AS To ITS POSITION
AS RESULT OF THE CONTEST
NOW IN PROGRESS.


How is Union Pacific going to be affected by
the contest now in progress for control OF the
Northern Pacific. is a question which is being
discussed with great interest by Wall Street. IL
Mr.. Hartman and his associates succeed in
their endeavor to obtain control of the North
ern Pacific. the answer TO the question is COM
paratively simple. BY that operation the Union
Pacific. through it's control of the Northern
Pacific. would come virtually into possession of
the latters one-haIf interest IN the Burlington
system and its position would be materially
strengthened If, however il should develop
as the Street seems inclined TO think will be the
case. that Mr. Morgan and Mr.. Hill have OBJ
tanned a clear majority of the Northern Pacific
stocks, a situation will be created which in the
present temper of the opposing forces. Is thought
by Wall Street 20 be one of much gravity For
the Burlington control gives the Great Northern
and the Northern Pacific. both paralleling the
Union Pacific the north. an outlet of their
own from Minneapolis and St. Paul TO Chicago.
and gives the Northern Pacific also direct out
let to the Pacific Coast from Kansas City,
Omaha and other points in the Union Pacific
territory.
1t is reported that even If the Union Pacific
interests should be defeated IN their attempt to
gain possession Of the Northern Pacific con-
cession may be made by Mr. Morgan and Mr..
former road Of advantageous traffic arrange
ments with the Burlington. but this rumor can
not be verified.
The ST. Paul and Northwestern roads also
find their interests menaced by the Burlington
DEAL and these companies. which are in har-
mony with the Union Pacific. are said to be
likely TO make common cause with the latter IN
case il is excluded from participation In
troll OF the Burlington. 1t remains to be seen
| ,,~ba v.-{TY al
lowed To develop into general fight all along
the line. struggle which. it is felt by careful
Observers. would be disastrous in the extreme.
Such a conflict. Il is pointed out would not
only embrace the transcOntinental lines and the
roads between the Mississippi and the Rockies.
but might also spread to the Eastern terri
tory. Mr. Morgan controls most of the big an
thracite carrying lines. and these might be
brought into the contest to the destruction of
what had been supposed to be the abiding peace
established in the anthracite field. for Mr.. Nor
gan does not control the Lackawanna He is
also director of the New-York Central. the
controlling interests in which occupy a similar
place in the affairs of the Chicago and North
western. Again, he is a director of the New
Haven road. of the board of which William
Rockefeller is also a member. and his interests
are ilteraced with those of the Rockefellers.
the Goulds and the vanderbiIts in stiu other
railway corporations.
In view of the vast possibilities of loss and
disaster resulting from an open breach between
Mt Morgan and the other powerful interests
referred to. however. involving the complete
abandonment OF the community OF interest
principle IL is not believed among the best
posted men in the financial district that the
Union Pacific will be shut out from partcfpa-
tion in some form and TO some degree IN the
Burlington deal whatever be the outcome OF the
battle for actual control Of the Northern Pa
How will the fight over Northern Pacific af-
feet Union Pacific interests! RusseiI sage was
asked last night.
Il think Union Pacific will not be hurt. and
think it's stock will be more valuable later on
than il is now" he replied Il have bought
thousand shares of the Union Pacific preferred
stock within two days. l think the future or the
Union Pacific is promising When It's STOCK
went down yesterday 1 thought II was a good
time TO buy it. 1 had a few thousand shares OF
the stock then, but thought l would buy
little more.
E H. Hartman was at the Metropolitan Club
last evening when a Tribune reporter called 10
a message sent in TO whether his interests IN
Union Pacific would be affected by the recent
Northern Pacifc-U Union Pacific battle. ne re-
piled: Il have nothing 10 say.
William FahnestOCk said last night when
asked what effect the Northern Pacific hSht
would have on Union Pacific: That IS ques-
tfon that / cannot answer. / would not care 20
EXPRESS an opinion on the subject Some people
saw that the efforts that have been made 10 gam
control Of the Union Pacific viii have results
similar those growing out OF the northern
a reporter of The Tribune was unable to find
George J. Gould and Jacob H. Schin at their
homes in Fifth-aVe last evening George +.
Baker and his family went TO the country yes
terdav and their house in MadisOn-ave. was
closed An effort was also made TO see John d.
RockefelIer John D. Rockefeller tr.. William @.
Rockefeller. Percy y. Rockefeller. John a. Stew
art j. j. Hill and Stuyvesant Fish, 10 get their
opinions the question, but they were not
accessible