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Show GOULD VSL AUAMS. What Charles Francis Adams Wrote About Jay Gould Not a Quarter of a Otmtury giuce. HISTORICAL POINTS OF THE U. P. Condensed Statements About the Presidents Presi-dents of the Line Gould the Deliverer Deliv-erer of the Stockholders. "Jay Gould has undertaken a vast task when he intends making the Union Paeilic the greatest railroad system in the world." The man who uttered the sentence Is one of the most conservative men in on Senator Kdmunds, but obtained no satisfactory reply. Adams was more fortunate with otheV members of t lie judiciary committee, with whom he made the famous agreement to hand over to the government the available surplus of tho company aud discontinue dividends until after the meetitig of congress in December. This was considerable con-siderable responsibility for a director to take upon himself, and President Dillon being ill aud unable to attend to the business Mr. Adams was elected president for the line in June, isst. "On taking charge of affair lie found tho road in rocky shape. Like Mr. Ames, tho new president shoved out his personal credit and together with other directors at the hub succeeded in saving sav-ing the line from the dreaded receiver. Within the six years .Mr. Adams was president of tho line ho worked faithfully, faith-fully, but for some reason inol because lie is a collego graduate) his management manage-ment was not a bowling success. Tho stockholders did not base to put on their glasses to see tho condition of the subject because they could "feel it in their bones." To them Gould appeared as their deliverer and Mr. Adams was wise enough to resign at the right time. Tho impression that Gould's return was brought about by his having acquired a controlling interest in the stock is wrong. "'Together with other former ollicials of thu line, to say nothing of the subordinates, subor-dinates, Mr. Adams is enjoying a rest. The public will not be surprised if ho again draws a pen photograph of bis subject about twenty years ago. ( iould is starting out well and the stockholders stockhold-ers aro ironing the creases from their certificates wince Jay is at the head of the procession. He will make a success suc-cess of it or discover tho nigger iu the woodpile." Salt Lake. If his name was mentioned the public would readily recognize he was connected with the Union Pacific for many years. Also he is iu such a position that he can tell a great deal about the road from its infancy and speak of things that thu average man knows nothing of. "More than twenty years ago," re-sumed re-sumed the speaker, "a widely read publication printed this pen picture of Mr. Gould. He was a broker, nnd a broker is almost by nature a gambler, perhaps the very last profession suitable for a railway manager, hi character he was strongly marked by his disposition disposi-tion for silent intrigue. He preferred, as a rule, to operate on his own account, without 'admitting other persons into his confidence, and ho seemed never Why It In Hum. The failure of the corn crop last year has caused a biR hole ' appear in the C. 1!. & Q's. earnings. The January statement shows a decrease in the gross earnings of $:iS7,57i), us compared with the same timo last year. 'Tho net earnings after allowing for all expenses except dividends, shows a deficit of if 1 7 7, :.'." 1, against a profit of JlN-.'.WJ in 1WM), or a decrease of $;!.", r!i4. The gross earnings from the transportation of corn from pointi west of the Missouri river in Janurry. 1MM. were JWO.OOO. It appears that the falling oil was chiefly , if not entirely, ou tho lines west of the Missouri river. Order of the Iter. The O. B. & Q. is inaugurating the retrenchment re-trenchment policy and heads of old employes em-ployes are Hying. It is reported that the wholesale discharges will occur from Chicago west throughout the system. sys-tem. The notice reads: "The poor business and discouraging prospects' requiro reduced expenses iu all departments." depart-ments." The discharge men boldly assert as-sert that tho reduction is merely intended in-tended to impress the Nebraska legislature legis-lature with tho fact that the road is in no condition to stand the maximum rate. bill. satisfied except when deceiving every one as to his intentions. There was a reminiscence of the spider in his nature. Ho spun huge webs in corners and in the dark, which were seldom strong enough to resist a serious .strain at the critical moment. It is scarcely necessary neces-sary to say that ho had not a conception concep-tion of a moral principle. "lhe man who wrote the foregoing is Charles Francis Adams who, less than a year ago was president of the road under consideration. Ho did strike Gould a stinging blow, but tho wizard kept silent and avoided controversy-tiiiderslaudiug controversy-tiiiderslaudiug that ho would be at a disadvantage iu the arena of argument. As the Union Pacific has a history that is interesting and is understood by few a brief meution of tho men who were once presidents of tho lino might be timely. "General John A. Dix was tho first president of the company, salary $"H)U0 per annum. He was a good fellow aud took a siucere interest iu the enterprise. enter-prise. This was manifest even after ho had been appointed minister to Franco in 1110. For two years he drew bis salary, and would have contiuued to do so had not a few Boston stockholders declared that General Dix was too far The Wj of thn World. Mr. Ed Opdyke, chief clerk in General Gen-eral Superintendent Bancroft's office, will cease to occupy hisdesk after April 1st. This is in the course of human events when a new head occupies the chair. Mr. Opdyke is a business man of the first water, and he has hosts of friends who will regret his retirement. Mrs. Opdyke, who has been a valued stenographer in the same office, will accompauy her husband. Kallroad Notng, Jay Gould has summoned the railroad rail-road presidents to another meeting to be held in a day or so. 'The wizard intends in-tends tying tho western roads in a stronger agreement, so it is said. Good for Major Wilkes. Ho is not saying much but is jolly over the fact that the Salt Lako, Hailey & Puget j Sound road will be built. from homo to do justice to the bonds of the road. Thn result was that Oliver Ames, who had been doing the work while General Dix was abroad, was elected president. This action had its effect on the general, and he sadly said he would have remained al home had ho imagined such a fate awaited jiiin , Although unseated he did not turn his back on the road, but soon afterwards disposed of 500 shares of the 17. P. to the Credit Mobilier, consideration, $50, 000. When Dr. Durant gave him this stock it htd no market value, but this sale sent it to par. "During Oliver Ames1 reign, that is the years he was the acinar executive head of the organization, li:i to 1S71, most of the work of construction was done and the line finished. Like lhe other Ames he was progressive, capable capa-ble and strictly business, and saved tho line from bankruptcy. While President Ames was iu tho chair the headquarters of the company were transferred from New York to Boston. This was caused by the Fisk raid aud wllile the scrap was on $;!00,000 or f-LMI.OOO in bonds vanished and the guilty man has not yet been punished. "In tho Union Pacific Tom Scott of the Pennsylvania system thought he saw something he could tie to his kite. He had longed for a through line to the Paeilic ocean, and Mr. Ames handed him the reins in 1 ST1. Mr. Scott's ideas failed to materialize, and after one year's bossing the job, he wassucceeded by Horace F. Clark. He was president of the New York Central, and like his predecessor, wanted a Paeilic coast connection for the Yanderbilt system. Mr. Clark died while filling his second term In dune lNii. I roni that time until the annual election in March, 1H74, Vice-President John Dull acted as presid ent "About this timo Jay (iould, who had been watching the road, concluded to take a hand in the game. Ho gavo orders to buy at thirty live on a scale down, and t tie way the stock dropped by degrees gavo him a chill. It continued con-tinued to fall until it had reached about fourteen, aud (iould not feeling well, (he didn't take a trip south then) invited invit-ed Oliver Ames aud Sidney Dillon to his closet. He knew they had blocks of slock, and during the conference they agreed to fund tho floating debt and avoid a possibility of the road sporting 11 receiver. This action improved Gould's condition, and ho considerately took 1.000,000 of the bonds above the market figure. Mr. Ames having had all the glorv he desired as chief executive execu-tive of the line, it was quietly arranged to place the honors of tho presidency on Mr. Dillon. This was done at the annual election in 1871, and about a year later tho effect of Gould's advice in the management of tho line was welcomed wel-comed by the stockholders iu tho form of dividends. From 1S75 to April in 18S4 the stockholders received M,30,-000 M,30,-000 and the stock grew from fourteen to 131 in July, 18H1. President Gould-Dillon Gould-Dillon retired from the line in 1HS4, and the result was no dividends, the stock selling as low as twenty-eight. "During the administration of President Pres-ident Gould-Dillon the company began to feel its oats and uiade noses at Uncle Sam and his agents. 'The U . P. People were then not over anxious to make their interest payments and had skirmishes skir-mishes with tho government and congress con-gress and were as generally obstreperous obstreper-ous as tho mule that 'forgot his father was a jackass.' Amid this turmoil the. wizard got tired and ho dreaded to dissolve dis-solve partnership with Uncle Sam. (iould thinking it was better for tho road to have a large scattered ownership, owner-ship, at once begau unloading and by the spring of 184 he had ladled oiit enough to cause the stock to drop to twenty-eight. "Charles Francis Adams was elected a director in 13 and it was then that he and Gould experienced their tirst meetire as directors of the Union Pacific. Pa-cific. Each of them possess memories and neither asked to see the other's strawberry mark. .Mr. Adams had written considerable on railroad subjects, sub-jects, and at tho request of the Boston directors of the company he pneked his grip aud visited Washington. He called |