The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1902-08-09
ROCK ISLAND MERGER
IS SURE THING
Said to Be no Longer Any
Doubt Of the New
Deal

and company, which is to take over
the present Chicago, Rock Island and
Pacific railway and its various branch
es, was organized yesterday after
noon. w H. Moore was elected chair
man of the board. w. B. Leeds. the
present president of the railroad, was
elected president of the new company
and the following directors we're nam
ed. Alexander E. Orr ogden Mills,
G S. Brewster, w B. Leeds, A. R.
Flower, w. H. Moore u. G. Reid,
George d. McMurtry, F. l.. Hine, F. S.
wheeler, Marshall Field, James H.
Moore, r. r Gable and II. c. Frick.
Ijhis board is the same as the old
board of directors OF the Rock Island
with the exception of Mr.. Frick. who
is added
Il was after 6 o'clock last night
when President Leeds, James H. and
w II. Moore, R. R. Cable ant the 9th
e. Rock Island railroad managers
broke up their conference on Wall
street. Five waiting carriages took
them up town, where II IS understood
they will remain over night in place
OF going to their customary habita-
tlons at the seashore. Tomorrow, II
is learned, will probably witness the
conclusion of the arrangements re-
ssrding details of the new Rock Is
land plans.
Though not yes announced it is
learned that the taking over of the
Frisco lien was decided upon late in
the afternoon. The formal convention
of the property and the necessary le-
gal steps may not be perfected for
some days, however, as the transfer
involves doing business with dozen
or more corporations and all the pa
pers incident to the transaction must
be scrutinized by a dozen different
legal advisers It is understood that
the terms are the same as reported
by your correspondent, involving the
assuming of the securities already Is
sued by the Frisco company and the
substitution of new Rock Island
stock for them with a bonus to the
Frisco stockholders. which amounts
to premium, or rather, as reckoned,
dividend.
That the Atchison. Topeka & Santa
Fc may yet be secured by no means
looks as doubtful as it did. There
were numerous conferences Thursday
between the legal representatives OF
II. c. Ffick. the great Pennsylvania
coal, coke and iron magnate, and
those interested in the San,a Fe. Mr.
Friek has lately taken a deep inter
est in the Rock Island expansion
plans and he is looked upon in Wal
street as most formidable acquisi
tion to the financial strength of that
reconstructed system. Old railroad
operators regard the capture of Mr.
Frick by the Moore brothers ss moth
ing snort of a prize and ais entry in
to the railroad circle is thought to bs
strong indication that Rock ISLAND
may be looking for conauests in the
eastern and Atlantic seaOoard terri
tory, despite the emphatic statements
that the Rock Islands expansion
would lead oward the Gulf of Mexico
as the preferred point OF trans-Atlan
tic shipments
The placing Of Mr. Frick on the di
rectorate of the new Rock Island Sc
curities company incorporated in New
Jersey and his Identification with al
The late moves in the plain Rock Is
land reorganization, has undoubtedl!
strengthened Rock Island in spite o
the pounding which has been giyeI
the road all the week. Rock IslanC
stock rose 21s points yesterday the
largest rise of any stock recorded OF
the street except Colorado Fuel an'
Iron, which ] w. Gates is rigging thu
market with
Something like $4,000 shares Of Al
Gibson. Topeka & Santa Fe wer'
traded in yesterday on change, bu
the price declined when it was learn
ed that there was nothing doing il
Rock Island circles. On the contrarl
Frisco stock was active and the $500
shares put on the market were quick
~ taken at an advanced price. Thi
was purely on the strength Of the fac
that certain insiders we're awar
that Rock Island was in e position &
secure the Frisco II the properly wa