Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-06-21
|REgl [R|N(. FOR ROAD.
Minneapolis 4 ST Louis. Central
Combine Will DO Best Thing for
tho Iowa Road.
Probable Result Will Be That Cen.
trail Will Be Part Of Trunk Line
Some Day.
New Directors Are Railroad Men
Will Put Road in Shape and on
q Paying Basis.

The unexpected news in railroad CIR
,cles. to the effect that the Iowa Central
railroad was formally turned over at
noon Wednesday to the Minneapolis &
st. Louis railway, as published COM
lpletely and exclusively in these columns
Wednesday evening, came as a great
surprise to the Marsha1ltown public
When the T.R. reached the depot dis
tricts Wednesday evening the shock
was something electrical, and second
edition papers, giving the confirmation
of the news direct from Chicago, We're
In great demand
In railroad circles, altio the news
Central employees. those best posted on
the roads affairs could not help but
admit that the change was for the good
of the Iowa Central. The business men
OF the city feel the same way, and now
that something definite is known about
the future OF the road Marshalltown
will do her level best, in every way and
from all sides. to help make the new.
owners feel that they have not made a
mistake.
WHAT THE DEAL MEANS.
1t is generally surmised here that the
purchase b y the NJ. & st. u. rail-
way is only a way of stating the
transfer, and that there is something
back Of the deal as yet not announced.
This something has led to a great many
rumors, but railroad mensin general are
wont to believe that the Illinois Central.
(which is supposed by some to dictate
the policy OF the NJ. & st. L., is behind
the new scheme and in time will con-
troll the Iowa Central. In other words,
1t is claimed the purchase Of the Iowa
Central is; practically made by the 1lli-
3nois Central Railway Company. The
new directors of the road, however are
not Illinois Central men,. Mr.. Morse's
statement in Wednesdays telegram
that 1t was a transfer to Southern Pa
cific interest would also discredit the
Illinois Central story.
GREAT FOR THE PROPERTY.
The change, however, is the greatest
thing for the property that has ever
happened to 1t, and the chances now are
that money will be spent to improve the
road and put 1t on a paying basis, MAX
ling out oft a railroad in every sense
Of the word and equal, II not ahead, of
any road in its class. The new men in
Isterested in the property represent
|svast amount of capital and nearly all
of them are men actively engaged in.
railroad work-theyta are railroad men.
The transfer, therefore, means that the.
Iowa Central will be operated as a rail-
road should be.
WHO NEW DIRECTORS ARE.
The new directors of the Iowa Cen
trial, as stated above. are practically all
Thorough railroad men. Mr.. George
|. Croker is second vice president of the
Southern Pacific railroad. with head
quarters at San Francisco: Mr.. Paul
Norton, of Chicago, is vice president of
1.-The Atchison. Topeka g. Santa F'e. and
is actively connected with the operation
and dictation of the policy of that
lroad; Mr.. I. P. Shonts is president and
general manager of the Indiana, Hi
nois & Iowa railway, with headquarters
| in Chicago: Mr.. l.. EBAY, the new gen
eral manager and second vice president
of the Central, is vice president and
general manager of the Minneapolis &
st. Louis, with headquarters at Mime
apolis; Mr.. Edwin Hawley is president
of the NJ. & ST. L.. with headquarters
in New York; Mr.. f. H. Davis is treas
urer OF the NJ. & st. L., with Sheadquar-
tiers in New York: Mr.. j. +. Searles is
vice president of the Tennessee North
| ern railway and closely Identified with
1.-THE sugar trust: Mr. Edwin Langdon is
president of the Central National Bank
of New York City. and Mr.. L. G. Weir.
lis president Of the Adams Express
Company.
The difference between these men and
many OF those just resigned as Iowa
Central directors is very noticeable. The
old directors, altho prominent in BUSH
ness affairs and influential, We're not
railroad men nor actively engaged with
1.-THE property in their line of duties.
ITERRITORY WILL BE BENEFITED.
While the purchase is the best thing
for the road 1t is also the best thing for.
the property thru which the road passes.
If the Milwaukee should have obtained
possession of the road, as was talked for
SO long, the Iowa Central would never
have been anything but a branch line.
Now II means that in time the Iowa
Central will be a part of one of the big
trunk lines, presumably the Illinois
Central. The consolidated NJ. & S. L.
and Iowa Central lines form road of
about 200 miles in length, and a great
amount of business will be moved this.
way hereafter. The Mississippi Valley
and the Missouri river points will have
an eastern outlet via Peoria. and with
the Peoria. Decatur & Evansville, now
in the hands Of a receiver, which is sur
missed will fall into the hands of the
Illinois Central. will give the Illinois
land Iowa Centrals direct connection,
| from the north and west to New Or
leans. thru Marshalltown and via Pc
oria.
The general sentiment here among
railroad men seems to be that for the
present the Central will be operated in
Idependently, and that the general offices
will still remain in Marshalltown. altho
the policy of the road will be dictated
from the offices Of the NJ. & ST. L.. by
General Manager Day, who will still re-
main in Minneapolis
A CHICAGO THEORY.
In. giving the facts of the purchase by
the NJ. & st. L. of the Iowa Central, as
told In these columns Wednesday. the
Chicago Tribune Of this morning has
the following to cay:
1T will be noticed that q majority of
i