| Show Love I Explains lacks Attacks s sOn On U U. P. P M Management H He I Attributes Them to Rejection of Offers of f Services of Persons Claiming to H Have ve Influence at Washington ri I APPROVE TRADE THADE Washington Tune 17 Plans Plans for fOl dissolving the Union Pacific merger as 35 presented to the United States Slates court at St. St Paul were t ti discussed i to today nr at the cabinet meeting The rhe intimation camo caine from cabinet officers officer that the proposed exchange e of Southern l Pacific J 1 Jand and nud Baltimore Ohio stocks between bet the Union Pacific aud and Penn Penn- J I unia sylvania was regarded a as a step in tho the right direction I Robert S S. S chairman of the Union NEW I YORK June 1 17 Judge Lovett I Pacific a eOl company issued a l long statement this afternoon saying in iii effect that the lime Union Pacific mal Southern l Pacific authorities have been approached by various liou persons unnamed professing to have o influence which they would bring to bear benr in in the matter of the Union Pacific Pacific- Southern Pad fic dis dissolution ol provided the railroad employed certain law lawyers er He Tic added that thc e off offers rs were invariably rejected as S the he re of which presumably many rumors were circulated reflecting on on time the Pacific and motives e I Southern Pacific management Every Esery ry time that wo we have had any plan connected with Union Pacific Pacific- So Southern u t ft e rn Pac Pacific I I C d dissolution I s so Lu ti o ii said fu Judge Judco ge U. Lovett J 1 think tHat without lt out a 3 single sll exception wo we have C had calls from torn parties artl B put purporting porting to bo be able ablo to exert great hJ Influence with Congress and In other places All sorts of or onus sa caries sarles nave have come to me 1110 witH tile tue y s-y that they could accomplish nil all sorts snits of timings things g for us us us Jf JC W we would employ certain lawyers I have refused to see sec an any oC or these antI ami I j li don't dont nc believe a single h word the they have said about w what at they lher I i fl 1 Da PU 0 a- a O Q H I J LOVETT EXPLAINS ATTACK ON UNION PACIFIC MANAGERS Continued From o Pao 1 1 can accomplish for us Following these communications there was generally some sort of or a rumor appearing in tho the press which I could coull not help but connect con conw connect with these parties Explains n. n BC t O. O Deal With to tho proposed deal with tho Pennsylvania anla railroad whereby whereby where where- by tho the Union Pacific was va to trade trado 38 of or Southern Pacific stock in re return return return re- re turn for tor stock of tho the Baltimore Ohio railroad of ot substantially ly the same sarno value Jud Judge e Lovett explained that tha there thero was ns no desire on the tho part of or orthe the Union Pacific to control tho the Baltimore Baltimore Balti BalU more Ohio adding that If It such control control control con con- resulted It would bo be merely incidental In Incidental In- In The change if It consummated ho said would give o tho Union Pacific about 38 per cent of ot Baltimore Ohio stock Judge Lovett scouted the tho Idea Idoa that the proposed deal eal with tho the Pennsylvania Pennsyl Pennsyl- Pennsylvania vania was a a. forerunner to bringing that road tho the Union Pacific the Southern South South- ern Pacific and tho Baltimore Ohio under the tho control of or one ono banking house So far as Union Pacific Is concerned con con- he ho said Kuhn Loeb Co are aro Interested to a no large degree but butI I cannot imagine anything more moro preposterous preposterous preposterous pre pre- than tho the Stor story that this Is Isa isa a no scheme to get all those these roads under the tho control of ot ono one bankIng house Ho He added that at present there were no negotiations under way a for tho the disposal disposal disposal dis dis- of ot any more moro Southern Pacific stock to any other railroad system although he ho would not commit himself as to what might bo done In tho the fu fu- fu ture lIe Ho had no recent communication tion from the attorney general he ho said as to whether ho approved exchange of or Southern rn Pacific stock for tor Baltimore Baltimore Balti Balti- more Ohio |
