Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-09-07
TIE CENTRAL s FUTURE
Annual Meeting Of the Directors of
the Road to Be Held in Chi
cago Friday.
The Appointment Of a General Man.
ager Of the Road Will Mean No
Sale in Immediate Future.
Des Moines still Specializing on the
Future Of the Line--Some
Tall Guessing.

The annual meeting OF the board of
will be held Friday in Chicago Acting
General Manager J. N. Tittemore and
General Auditor T. I. WATSON will be
present from this city, as will also Col.
L. M. Martin, of Des Moines, until re-
Gently general manager of the proper
'ty. The report OF the business done by
the road during the fiscal year ending
June 80 will be submitted by Mr.. Mar
tin, who has been engaged upon it's
compilation for the past three weeks, or
since his return from New York. 1t is
possible the directorate will take some
action regarding the appointment of a
successor to Col. Martin, and this action
may give some intimation as to the
present negotiations for the sale of the
property.
Des Moines has looked with envious
eyes upon the Central for some time,
and has acted as though it had mort
gage on the line. While the situation is
will never secure the Central, the capt.
tai city newspapers are still doing con
siderable specializing as to the future of
the road. The Leader of this morning
INDUCES in this gossip:
If Mr.. Tittemore is appointed gen.
eral manager, as is thought to be prob
able by some and improbable by 9TH
ers, it will be taken as an indication
that the men who control the property
are not in any particular hurry to dis
pose of it, but rather that the existing
management will be continued inde.i-
nitely, or until deal for the sale of this
property to one or more of the
Iowa trunk lines can be made upor
terms satisfactory to the investors who
have their money tied up in the road
If, on the other hand, Mr.. Title
more is permitted to retain his presen
| title of acting general manager i
| will be construed to imply that repeat
ed firtations of the Central with tn.
trunk lines have resulted in definit,
proposition for the absorption of TIN
property into one or more of the lat
4 ter, probably the Milwaukee e st. Pau
| and the Burlington, to be divided be
1 tween them and merged into their re
| spective systems. Latterly there ha
been some talk that the Rock Islam
| might decide to take a hand in the gam
4 OF requirement and attempt to secure
controlling interest in the Central. bu
4 this is regarded as mere idle specula
ton. The probabilities are that tn
! Central will continue under independ
Lent management for n year or tvs
since it is known by those we'll informe
! that there have been no serious negoti
ations between the management of tn
/ Central and the Milwaukee & st. Pat
/ for the purchase of the former by tn
latter, the story that there had bein
4 the outgrowth of the statement by Co
4 L. NJ. Martin to the Leader severa
weeks ago that an attempt would b
/ made to dispose of the property to tn
4 Milwaukee. Such negotiations would.
necessity, be conducted in New Yorl
city between Russell Sage. Presiden
Kimball and the representatives of tn
Morse syndicate, which at present own
a controlling interest in the bonds of tn
company, and Pierpont Morgan, repre-
senting the Milwaukee, and would no
become public property until after tn
consummation OF the deal. Negotia
i lions of this character are not delegate
to head brakemen and local attorneys
as some of the accounts contained Il
the newspapers would imply
After the meeting in Chicago. it i
stated, the finance committee of thu
hoard will visit Marshalltown for tn
purpose of meeting similar COMMITTEE
of the company building for the Contra
the Algona extension from Belmond. A
this time the question OF extending tn
Iline from Algona into Minnesota will b.
considered and perhaps determined