New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-20
BEST FOR PUBLIC, BUT
CONF|SCAT0RY -l0VEH
U. P. Chairman Opposes Open
ing Terminals and Through
Tracks to All Roads.
S1.5OO.O00 NOW AT STAKE
California Commission Hears
Western Pacific Objections to
Granting of Application in
Dissolution Plan.

san Francisco. FEB. le.--"i believe II
would be best for tie public to open these
through tracks TO all lines and give All
lines equal use of terminal facilities. de-
clared Robert ). Lovctt. chairman Of the
Union Pacific Railroad, 10 the state Rail-
road Commission to-day. relative 10 the
Sacramento and San francisco lines. Tor
the Joint use Of which for term OF wv
wears the Union Pacific. the Central Ia
cifc and the Southern Pacific companies
had made application. The granting or
the application was opposed by attor-
news for the Western Pacific
Mr.. Lovett's statement was In reply 70
question whether the public would be
more benefited by granting the app!ica-
ton or throwing these terminal lines open
10 all lines.
But ] believe" added Judge Lo'e'''
that such an order would amountto con-
fs"ation % property.
The application i III connection WIN
tho dissolution plan OF the Union tdC'"'
and the Southern Pacific under the receH1
order Of the Supreme Court Of the uh''e'
states. lir. Lovett said the Union "a
ciGc MANNED 20 buy the Central Paclnc
systarn for Sini.0cCyJ. assuming ia BOND
ed indebtedness OF S1DGo.Uo, because Il
Was thought that the short maui n"Ts
would prove more profitable
Could Buy X for q Third.
II Il We're simply our desire To 'eat"
the Pacific ocean from ogden, "He'e o''
line now cnds. v. could purchase tne
Western Pacific for third OF "ls ""''
Chairman Lov.tt said
So contil.nt & a the Hartman executives
feel that their plans would be appfoNe''
M Lov.tt told the commission that 'heE
had stsk.d 81 .JfnoO on the issue \ -
dictate Of bankers had leen ioFnlcd 10 u"-
derwrite the purchase before Marih ID
Of the Central Pacific b. the Union IA
cifc foI XVi.(pp.Gc. the Union E.c'Hc 70
forfeit 20 the syndicate per cent Oh tHe
amount involved plus on--Quafter o.
p.r cent Tor expenses should the agree
rncnt fan Of ratification -ither here OF
m the United states District Court
The objections entered yesterday pl '"o
Gould interests 20 the anal approval o.
th.r-rion- Sou,scrn Pacific dissolution plan
We're Uflt 1Istl'1 -
Railroad. which Is direct competitor OF
tho Central Pacific for CALIFORNIA; bIs-
ness and which aied protests against ce'-
tain details Of the arrangement FOR the
ale Of the Central Pacific 20 The Union
Psc!fc. has maintained PASSIVE st'i-
,udc during the negotiations.
At the time Of tie o''icial announce
,nent ~ the plan The Tribune pointed ou'
that friction might occLr IN California
and thir prediction has been conhrfned rs
the objections raised come before the
Railroad Commission or that state.
The Auorney Genera. however. e1'
Pressed "a" opinion that the Western Pa
cincs objections ar. of minor importance
ard la, informed ,he California commits
SION tina, the protested items are not es-
sential 20 the dissolution Plan ara can be
stricken out II SO desired
Tn. Western Pacific IS controlled by the
Denver a. RIO Grarde. which owns 5000
On Of It's s,5.0orW stock. Tho Denver &
Rio Graudc also owns the western Pa
clfcs So."o0D second nortgag. per
cent bords