The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-02
La PORTE ROAD DEAL.
New Company viii Not Take Charge fol
Several Days.
HUNTINGTON HAS NO CONNECTION WITH IT
official Statement to that Erect
Made Yestcrday--somethi
of the New officers.

NO ucWS VI tuo eltCLlO0 OF OluCcrb anu
directors of the Galveston, Houston and
Northern, as reported exclusively in yes
terday's Post, was read with more than
Ordinary interest by the people who have
been keeping up with the fortunes OF the
La Porte road ever since the gaps be-
tween Its original component parts we're
filled and line between Houston and
Galveston completed. 1t is now conceded
on all sides that the developments OF the
past few days prove conclusively that the
Southern Pacific has nothing to do with
the property at present and. in fact,
statement to that effect was made by
President Munson OF the new company to
reporter for The Post yesterday.
inc new company will hardly take
charge OF the property before the end OF
next week, and it is possible that the de-
talls, which remain 10 be arranged may
delay the transfer OF tho road TO an even
ialef date. formal order directing Re-
ceiver i. w. House 10 turn the property
over to the new owners has not been made
as yet, and viii not be until Commissioner
Grant has prepared a deed. This deed has
not been drawn up as yet, and VIII not be-
for day or two General Attorney Foster
OF the Galveston, Houston and Northern
LETT for Denison yesterday morning. and
II is expected that be will make a trlp
TO Paris tor the purpose Of comforting
WIZ Mr.. Grant regarding the deed tomor-
row 1t is hardly likely that Mr. Grant.
lrt m the fact that he is not a lawyer, will
Undertake TO pass upon the document until
II shall have been submitted to Judge
Bryant for his opinion In the premises,
aud as all this will take time, the trans
for viii necessarily be delayed for a few
days
presidept Ntunson no. -, .u.u.,.s
when seen by Post representative yes
terday, to give out anything for puhlcs-
ton In addition TO what has already been
printed, but he talked like a man who
knew exactly what he was about and who
would not he likely to so into a venture
of that kind without his eyes open. He
left for his former home In Denison last
night to spend the Sabbath.
Mr. Broadhead the general counsel for
the company, visited Houston and Calves
ton last summer and looked over the La
Porte property very thoroughly He Is
the legal representative of the Mississippi
Valley Trust company OF ST. Louis. which
finn Is Interested in the acquisition Of the
La Porte, and he was appointed trustee, as
has already been mentioned In these coll
umns, by the consent OF all parties. Hav
ing finished his business in this section
of tho country, he left last night for his
home in ST. Louis
Mr.. d. w Rider, the new general man
ager. was another of the officials of the
Galveston. Houston and Northern who
left Houston last night, his objective point
being his former home In Kansas City. He
has been accompanied by his wife during
his recent visit to this section and she re-
turned with him Last night. Mr.. Rider has
! had considerable experience In the railroad
/ business, having been connected with the
! Wabash and other large lines. and he Is
| regarded as a very competent man for the
ia
! MIR Smith ts Texas on the occasion of the
latters visit here last summer, and 1t
! was on his Judgment it is said, that the
| road was bid In by Mr. Smith He was
selected for the position of general man
ager some time ago.
Mr.. Yantis who has been selected sec
rotary and auditor OF tho new company,
ia a young man OF marked business abll-
ity. and the experience he has already
enjoyed In various lines of railroad work
will be valuable TO him In the performance
of his new duties.
Mr.. Yantis will practically have charge
of the force in the general offices of the
company, but he is not ready at present
to say anything cor corning his future
! iii ms In the premises. 1t can be stated IN
| this connection, however, that Mr.. II. j.
| Simmons. who has occupied the position or
! general superintendent of the la Porte
| for some time past, will probably sever his
connection with the road having accepted
| service with another line In California,
| whittier he went some time ago. He in
| formed Post reporter at the time of his
departure that he would probably resign,
| but requested that nothing be said re-
| garding the matter.
| Mr.. Smith as may be Inferred from To
fact that he has been selected 60 the vice
| presidency of the company Is largely in
| terested In the venture, Mr.. Smith has
had something OF fight on his hands
ever since his initial connection with the
road and his ultimate success is matter
of considerable qualification to the friends
who have stuck to him through 1t all.