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Show IX WALT. KTKEEr. (Jonld Xeeds Tlse Control of The I'nlen Pacific. New Yobk, Nov. a). Tbe Wcrtd says: The authoritative announcement announce-ment was made in Wall Street that Jay Gculd had again acquired control con-trol of the Union Pacific Railroad. The Union Pacific is vitally necessary neces-sary to tbe successful operation of Mr. Gould's southwestern railway system. The Missouri Pacific and I its subsidiary lines were constructed with a vie w to the most advantageous interchange of business witlt the Union Pacific When Mr. GoulJ relinquished control of the latter ' road four or five years ago hi ' southwestern system was cut oj '. from many traffic benefits. Charles Francis Adams succeeded Sidney Dillon as president of the Union Pacific and on taking possession posses-sion or his office set out to establish an Independent line. The present plan Is to reinstate Sidney Dillon as president of the comtany. Benjamin 0. M. Dodge, It Is liulerstoou, will be made vice-president, Jle is now in Europe, but will return soon. In order to bring Atchison Into harmony har-mony with the Union Pacific, Mr. Gould has taken a large stock Interest In-terest In the compauy. In addition tho Rockefellers, who have control of the Missouri, Kansas and Texas, will bring it Into line with the other roads. me greatest itece of news in Wall street yesterday was that JohnB. and' William Rockefeller, the standard oil magnate, bad ac ?ulred control or the Northern aclflc Railruod, which practically means the oustlngof Henry ViUanl. They are known to have been heavy layers or Northern Pacific preferred during the late decline in values. Tbe North American Company by ownership ofsecuritlrs, bad control cftho Northern Pacific, Lut much of the first-named company's assets have been closed out during tbe past few tiara in liquidation of loans. Tbe rockefellers bought In the Northern Padflo at the mnieut of Jay Qjuld. They hava J amount of surplus moBer. for which they have been eekii(s advantageous advanta-geous investments. Tbe earnings of the Northern Pacific are now the largest In its history. Tbecompany, however, baa been safferinc .from entanglement wltbtbeother ViUard corporations and the purpose of the Rockefellers is, as stated, to remove re-move it from them. THE BOCKEFEH.EK3 have not hitherto engaged in railroad rail-road operations. Their wealth is so great, that, once having embarked iu railroad affairs, it is in their power to dominate them. There la a scheme on foot to provide connections connec-tions for the Notthern Pacific which will make it an uninterrupted rail line from the Atlantic to tbe Pacific By its alliance with the Wisconda Central it already reaches from "Puget Sound to Chicago, Chi-cago, and Its route thence, it is said, will be by way of the Baltimore & Ohio. |
