Daily press. [volume] (Newport News, Va.) 1896-current, 1899-07-22
A. l.. Mohlcr, of the Orange
Railway and Navigation Co.
AN INTERESTING STATEMENT
Wall street journal Confirms tho aepo &
ed X, tiremene oftre Present I,esi-
dent of the Chesapeake Il Ohio
and Bis. Four Systems.

article witch stated that Hon. NJ. f..
Ingalls,, President Of the Chesapeake &;
Ohio ana Big Four systems would re-
sign those offices and accept a position
as arbitrator Cor the Vanderbilt rlllroad
interests. This, report was cmrhatcal-
Is denied by Mr.. ingalls, in reply to a
query from The Associated Press.
The Wall Street Journal. probably the
best-informcd paper in the world IF
financial and railroad matters, on We'd
nesday, rriliec prominently upon It's
first page IN article not only positively
confirming Ne report of the retirement
of Mr.. Ingalls, but naming his success
sor. This article Will make interesting
reading for the public here and is re
produced Below in full:
GEiEsAPE.A! ST. & CHIO-EIC FOUR.
The VIII Street Journal stated
Tuesday no, ming that q prominent
Western railway man would succeed
Mr.. NJ. =. Ingalls, as president or
Chesapeake & Ohio and Big Four. This
statement is now confirmed by the an
| nouncement that Mr.. 4. l.. Mohler,
president ~ The Oregon Railway &
| Navigation has been offered and ac-
cepteCl the position held by Mr.. Ingalls,.
There are several points of interest
| about this announcement. In the first
place. the change is another instance OF
| d Great No:thcrn graduate taking IL gh
| place elsewhere. Mr.. Mohler was With
| MIR. Hill on Great Northern for a con-
siderable ::nie in an important capacity
and it was largely on Mr.. Hills recon-
| mendatinn that he was chosen presi-
| dent Of Oregon Navigation. The last
annual "enart OF Navigation is testi-
mony to Mr. Mothers abilities. 1t
cb,,,. al y, .,f
terialy reduced and the property in
excellent shape. Few companies show
ed as much pr ogress last year as did
Oregon Navigation, and the company
is entitled u rank with some Or the
best examples of scientific railroatling
in the country. In calling Mr. Mohler
to Chesapa IKE & Ohio and Big Four
the directors are paying tribute to Il
DISTINGUISHED graduate from a Very no
tai BE school.
In III" second place. by detaching
Mr.. Mohlor from Oregon Navigation.
Tie Morgan interests get rid of ver:-
troublesome opponent in the matter OF
the Clearwater controversy Oregon
| Navigation directors may perhaps find
it difficult IL replace Mr.. Mohler at once
| 10 advantage. by reason Of his long ex-
| pcricnce in the northwest and his
special KIN owlcGge Of In territory in
volved in :hc controversy. There are.
however. ctn:'r good men on the I'aci-
| fic Coas. VINO available, but thu
| acceptance of Mr. Moher Of an East
ern position 4 a distinct temporary
| gain for y ,rt:lern Pacific
AN OBJECT LESSON.
I'm the lhirG place the approa ching
consolidation of Big Four and Chesa-
| n.1 4.
middle Wc:s5. will afford opportuni-
ties for The man who can grasp them
second To none III the railroad situation
Both Chesapeake e. Ohio and Big Four
| respectfully ;l'e former-are roads d.
ing a low grad" business at high rates
and both neeu Very efficient and econ
nnflcal management to bring out all
! their possibilities. AS has been said
more than cncc. the Chesapeake & Ohio
Is in some respects perhaps the eases.
road To Cnera!' in the United States s.
FAR as !o,: cost is concerned and the
evidence goes to show that its CAPACITY
in this direction has never been serious
ly tested. I:.r experience Of the Nor
folk & Western. a vastly more difficult
and more expensive road road tb oper-
ate, is eloquent in this respect With
all its disadvantages the Norfolk &
Western mas made in the last two years
practically a: good a showing as Chesa-
I peake K Ohio 50 that there should be
very ARG, margin on the latter road
| for Improvement. Mr.. Mohler is un-
doubtedly the man to bring out the full
earning capacity of the road
The ,hange is likely to be fruitful
or good results. The importation Of
Western men to Eastern roads has
1 lnt nm No.
cent times. The President Of Lake
Shore, Mr. ". II. Newman, the Vice
President IF Norfolk & Western, Mi.
Barr Vice President of Southern
Railway. Nr Finley. a Vice President
Iof Baltimore & Ohio Mr. F. D. Under
wood ana now Mr. Mohler. are striking
examples Of the tendency. Can it be
regarded as altogether coincidence
| that all :hese men have been at one
time or lnotner on Great Northern
under Mr. Eii,?
THi1 PIG FOUR DEAL.
| we understand that the Big -Four
deal VIII probably take in the Lake Erie
x Western IS we'll as the Chesapeake
& Ohio. Erie & Western road is now
owned subsi rtially BY Vanderbilt in
| leEeSts ana IL one time it was thought
that the Lake Shore might get it. It's
/ more natural home. however, would he
I! with the Sig Four With which IL is q
/ competitor at . great many points
What treatment it Will get in the deal il
uncertain. Tho fact that Chesapcake
< Ohio VIII declare a dividend yarv
shortly laAs.s 10 the belief that he Pj,,
-Four Will also be placed on d dividend
basis this scnImcr. If Chesapeake &.
ono pays Der cert. the probability is
mat BiS fouT Will pay 2 per cent. be-
cause IN thc !eai one share os Big -Four
/ VIII be Accounted M, eulIjv:.lan, Ne ,,,.