The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-08-01
No Longer Any Doubt ABOUT
Rock Island Merger.
Talk About Santa Fe Is Again
Revived.
FRICK HAS CONFERENCE
Talks Over Situation With
Santa Ee Men.
Report Of Merger Sends Frisco
Stock Up.

New York, Aug. 1.-The new Rock Is
land company, which is to take over the
present Chicago. Rock Island & Pacific
railway and its various branches. was
organized yesterday afternoon. W. H
Moore was elected chairman of the
board. W. B. Leeds, the present presi-
dent of the railroad. was elected presi-
dent OF the new company and the fol-
lowing directors were named: Alexan-
der z. Orr. Ogden Mills. G. s. Brew
ster, w. B. Leeds. A R. Flower. w. H.
Moore, d. g. Reid. George D. McMur-
try. F. L Hine F. S. Wheeler. Mar
shall Field, James H. Moore, r. r. Ca
BILE and H c. Prick. This board is the
same as the old board of directors of
the Rock Island with the exception of
Mr. Frick. who is added
1t was after 6 o'clock last night when
President Leeds, James H and w. H.
Moore, r. r. Cable and the other Rock
Island railroad managers broke up their
conference on Wall street Five wait
ing carriages took them up town, where
1T is understood they will remain over
night in place of going to their cuSto-
mary habitations at the seashore To-
morrow. it is learned will probably
witness the conclusion of the arrange
ments regarding details of the new
Rock Island plans.
Though not yet announced it is learn
ed that the taking over of the Frisco
line was decided upon late in the after
noon. The formal convention of the
property and the necessary legal steps
may not be perfected for some days.
however, as the transfer involves doing
business with a dozen or more corpora
lions and all the papers incident to the
transaction must be scrutinized by a
dozen different legal advisers 1t is
understood that the terms are the same
as reported by your correspondent yes
terday, involving the assuming of the
securities already issued by the Frisco
company and the substitution of new
Rock Island stock for them with a bo-
nus to the Frisco stockholders. which
amounts to a premium, or rather as
reckoned, a dividend
That the Atchison, Topeka & Santa Fe
may yet be secured BY no means looks as
conferences Thursday between the legal
representatives of H. c. Frick, the great
and those interested in the Santa Fee Mr..
Frick has lately taken a deep interest in
the Rock Island expansion plans and he is
strength of that reconstructed system. Old
railroad operators regard the capture of
Mr. Prick by the Moore brothers as moth
ing short of a prize. and his entry into the
indication that Rock Island may be look
ing for conquestS in the eastern and At
lantic seaboard territory despite the EN-
expansion would lead toward the Gulf of
Mexico as the preferred point of trans
atlantic shipments.
The placing of Mr.. Frick the direc-
torate of the new Rock Island Securities
COMPANY llcOTpoT<tteO III new Jersey, anu
his identification with all the late moves
Z in the plain Rock Island reorganization.
has undoubtedly strengthened Rock Island
in spite of the pounding which has been
given the road all the week Rock Island
stock rose ga points yesterday. the largest
rise of any stock recorded on the street
except Colorado Fuel and Iron. which J.
W. Gates is rigging the market with.
Something like e, goo shares of Atchison,
Topeka & Santa Fe were traded in yes
terday on change. but the. price declined
when it was learned that there was moth
ing doing in Rock Island circles. On the
contrary Frisco stock was active and the