New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-18
FOR PRESIDENT OF ATCHISOV'
F. p RIPLEY SAID TO HAVE BEEN
SELECTED.
EUROPEAN INTERESTS ACCEPT HIM THRorGH
THE INFLUENCE or MR. MoRGAN-MR
RIPLEY At PRESENT vICE-PREs-
IDENT OF ct. PAUL

IDENT or ST. PAUL.
Chicago Nov. IA morning paper says: Private
advces received from the East indicate the election
OF f. p Ripley present third vice. president Of the
Chicago. Milwaukee and 81. Paul president %
the Atchison Topeka and Santa r. Railway Com
pany and Of d. y. Robinson. present acting presi-
dent o. the company. first vice-prescent Nr.
Ripey's name has not heretofore been mentioned in
connection with the Atchison presidency. and his
friends say he made peryOnal effort 20 secure tho
place. Up to few days the principal candi-
dates We're d Robinson and f. T Jefery, tho
present president OF the Denver and Rio Grande.
The Boston and American interests were strongly
IN favor of the election OF y. Robinson on account
OF his personal popularity among the officials ana
employees y the road his general fitness for tho
place and his intimate knowledge OF the company's
affairs The European bondholders favored f. r.
Jeffery. who for the last TWO or three years has
managed the Denver and Rio Grande road with
consummate skill and ability
A few days ago Mr.. Coppell chairman Of the
Board Of Directors announced the withdrawal Of
Mr. Jefferv's name from the list OF candidates.
stating that under no circumstances would he CIR.
JefferyD, to accept the place. X being tho
desire Of the owners Of the Rio Grande 10 retain
his services as president OF the company. This.
believed. would leave the field clear for Mr..
Robinson. II appears. however. that the American
and foreign members os the Joint Executive Reor-
ganizaton Committee unable TO reconcile their
differences
Il dawned upon the American members that un.
less they compromised their differences With the
Europeans the latter would be able 20 elect the new
Board OF Directors and a president. regardless OK
the wishes Of the American bondhoders II a ma
iority OF the Joint Executive Committee could have
elected a president. Mr. Robinson would have been
saved, but unfortunately for him the reorganiza-
ton agreement provided follows
The first Board OF Directors OF the new company
shall. unless unanimously agreed upon by the j9int
Executive Committee. be selected as follows: The
OF the iOint Executive Committee norni-
ma ted by the New-YOrk committee shall select such
par Of the whole number OF the first board as Will
the whole amount Of deposited general mortgage
bonds and second mortgage bonds which shall have
been originally deposited in America WITH any de-
positOry the agents OF any depository. IN" mem
be-s OF the London committee and the Amsterdam
committee TO pursue like course.
II happens that 10 on and Amsterdam COM
mittees hold majority OF the deposited bonds and.
unless the Americans agreed with them, they could
elect the board under the foregoing provision 10
suit themselves. and upon this board would de-
volve the task of electing president Therefore
Il became necessary to agree upon some man Tor
president who was satisfactory 10 all parties A :
dace +. Walker a present one OF the receivers or
the Atchison. s VI. Felton, president OF the queen
and Crescent and Thomas p. Fowler. president Of
the Ontario and Western. had been proposed Tor
the place president OF the Achison. but the diner.
them unanimously Mr.. Riplsy's name was not
proposed until day or TWO ago, ana II became APP
parent at that he was the Moses % leao INC
Atchlson Committee out OF the desert The Amer
liked Mr.. Ripley because ne came originally from
Rost1n. The European interests = - understood.
were brought around 70 Mr. Ripleys support ny
J. Pierpont Morgan. who knows Mr.. RIPLEY wen
on account OF his connection with the Milwaukee,
and $, Paul in which property Mr.. Morgan Is sa'o
/ 20 hold a controlling interest