Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-06-20
Directors Meet With NJ q ST. L
People In Chicago Today For
Agreement.
Party Will Go to Peoria This Eve.
ming For Trip Over the
Iowa Line.
All Local Ofllcials Hurriedly Called
to Peoria May Be Operated
Separately.


directors have tried to keep the matter
quiet. For several months past there
has been an unusual and extraordinary
transfer of Iowa Central common stock
has been great interest taken in the
cause underlying the same. For long
time it has been Impossible to ascertain
where that stock has gone, but recently
1T has been learned from various we'll
defined rumors that the stock has been
passing into the hands OF people inter-
sested in the NJ. e. st. L. railway. and
every indication points to the absorb
ton OF the Iowa line by the Minnesota
road on or about July l.
When the rumor reached this Office
several days ago Iowa Central officials
in New York We're Immediately wired
for a confirmation or denial and when
no reply was sent 1t became very evil
dent that the rumor contained truth, for
heretofore Iowa Central officials have
been very glad and very prompt odeny
any and all of the wild stories regarding
their property which have reached this
office. Receiving no reply from New
York Investigations by wire and thru
special correspondents was Immediately
instituted, but not until today has 1t
been possible to announce definitely that
the deal has been perfected
Directors Of the Iowa Central met rep
resentatives of NJ. s. st. L. at the Audi
torium hotel in Chicago at 12 O. clock to-
day to perfect their agreement asto the.
consolidation. The entire party will
leave this afternoon for Peoria, arriving
there at 7:15 p. m. They will then leave
there on special, composed OF the off,
cials' cars Hawk Eye and Iowa for an
inspection trip over the line. All OF the.
department chiefs were ordered late last
evening to report in Peoria today ard
Will probably accompany the party on
the return. General Traffic Manager TIT
temore left last night for Chicago. Cen
eral Passenger Agent Batty was already
there. as was also General Manager
Clarke. General Auditor WATSON. Cen.
eral Superintendent Huntington ana
Chief Engineer z. C. Macy left in the.
Iowa at lao a. m. for Peoria, Conductor
DIP. Wilhelm and Brakeman Roy8 SAN
ders leaving on the same train for Pc
oria to bring back the special,
4 Nothing is known definitely az ia tho
details Of the consolidation. but there
Is reason to believe that the two roads
viii be operated separately for the rea-
son that as has been shown by the pub
llshed reports of monthly earnings in
these columns the condition OF Iowa
4 Central earnings Is such that another
road would not desire to have Iowa
Central accounts appear on its ledger.
This. OF course, Is only. guess. but
When the matter was suggested to Mr..
y. Binford, the leading railroad attor-
ney OF this place, he suggested that the
Interstate commerce commissions rules
are very strict about enforcing con-
solidation of accounts as we'll as
management when the latter Is made
A The G., ST. p, NJ. & o.. owned by
the Milwaukee road, has been very sue
4 gcessfully operated separately, as also
has the b., c. r. & NJ. which is gener-
A ally supposed to belong to the Rock
Island road which would give grounds
A for supposing that the consolidation
may not mean to Marshalltown loss
OF the general offices.
The Iowa Central, too. is an extern
A ssive line and will need about as many
officials to operateit in connection with
A the NJ. & st. l.. as it now does, with the
alkexception that the general manager
will OF course be NJ. & st. L. man.
4 This will undoubtedly mean the end
j of Clarke and his kindtof management
i or Encouragement, whichever 1t should
be called. on the Iowa Central. 1t has
been known here for some time that
President L. r.. Day, Of the NJ. & st
L., and as 1t may reasonably be pre-
sumed, in viewsof that officials mystic
rious trip over the Iowa Central several
months ago that he will have some
thing to do with the management OF
a the Central under the consolidationsit IL
clear that Mr. Clarke's services will nj
y longer be needed. Whether or not othe,
a departments will be consolidated car
J. only be guessed. The sudden draft q
officials took everybody out of towr
I who could shed any light onlthe SUB.
iect from railroad standpoint and thu
directors in Chicago are exceedingly
reticent.
There Is even grounds for the suspic-
ion that Mr.. Clarke's connection viii
Z the lows Central has been the immedi'
5fate occasion OF Its passing into the con
trol OF the NJ. & st. L., for those who
a are poateds on Iowa Central Affairs o.
i g: Il. Russell Sage know that the
\ NJ, q st. L. deal has been brought
about by the fSimball-Morse interests
a Ne. Kimball. It ID known, has beer
awfully sick OF his bargain since Mr.
q Clarke was appointed. for affairs have
/ been plunging down hill at q rapid rate
. From this. and In view Of the fact tina
4. Nj. Kimball u more q q banker thar