The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-05-17
IS ROAD SOLD?
Report That R. I. Has Acquir-
ed Kansas City Southern.
Deal is Said to Also Include
Arkansas & Choctaw.

Kansas City, May 17.-Control Of the
Kansas City Southern has doubtless
been acquired by the NIoores and John
w Gates for the Rock Island road. The
same interests have probably acquired
the Arkansas & Choctaw. The latter
road has changed hands, but the name
of the purchaser has not been divulged.
The Dutch stock in the Kansas City
Southern, which. with that Of John ".
Gates, carries the control, is said 70
have been tied up for the ROCK 1slanus
and it is understood Gates Is working
with the Aoores The Kansas City
Southern voting trust has three years
more to run but there has always been
a serious question as to its legality and
1t is supposed with the Rock Island hold
ing the majority stock, there IS little
doubt the property would be turned
over to 1t.
& Choctaw to a connection with the
Rock Islands Fort Worth line or with
the Texas extension Of the ChoctaW,
which it has been ofHcilly announced
would be built this road and the KAN
sas City Southern would, apparently,
come near to completing the things yet
needed and not already known to De IN
der way for the rounding out of the
Afoores' Southwestern system.
Less than five months ago W. b
Leeds became president of the Rock Is
land. The former president, w .;
Purdy, was an accounting off1cer ana
such thing as radical action on the
part of his road would have created a
Since the change in executives, the
Rock Island has bought the ChoctaW'
Oklahoma & Gulf, from Memphis 70
Amarillo, Tex, 760 miles, with about
200 miles of branches and numerous
plans for extensions many of when
are being carried out under Rock Isl
and control It has bought the 81
Louis, Kansas City & Colorado, in oper-
alton from st Louis to Belle, 105 miles
virtually built to Versailles, 20 miles far-
Their west, and projected as the shortest
route between St Louis and Kansas
City It is preparing to push the work
on this and have the road in operation
for worlds fair business 1t has bought
ali the stock in Virgins Ferry that
money would secure and claims control.
thus gaining terminals at St Louis
equal to those of any other line. 1t mas
| officially announced an extension viii
be built from Fort Worth to Galveston
and that a connecting line will be run
from the ChoctaW to Texas as planned
by the former owners of the latter road,
| ana has also determined to have q Chi
/ eago and st. Louis line
The Dutch stockholders have been
/ dissat isfied with the control of the Kan
| sas City Southern because they were
I without any voice in its affairs, not
/ Withstanding they held a. majority of
! the stock The voting trust was so con-
/ trolled that Hartman. Gates and Gould
/ dictated the pOHcys ana Lue DUTCH re-
/ Gently threatened to attack the legality
| Of the voting trust unless given repre-
/ sentation on the board of directors. To
/ prevent this. they were given two di-
/ rectors at the last election. Gates is
understood to be working with the
Moores in the Rock Island interest and
/ Gould is believed to be impartial or
leaning toward the Moores rather than
4 to Hartman.
In all reports there has been as yet
but one tangible development, and that
was the Incorporation yesterday in the
interest of Gates of two railroad COM
panies-the Iowa & Missouri at Jeffer-
son City to build from Macon to St
| Louis, and the Iowa & Dakota at Des
Moines, Ia, to build from Centerville to
| Sioux City. The Iowa & St. Louis
which is building by Gates from Center
vile Ia, to Novinger, Mo, is TO be ex-
| tended to Macon and to connect the two
roads incorporated yesterday Track
/ laying is in progress on the Iowa & st
] Louis from both Noyinger and Center
/ Vile and about 100 miles is covered by
| graders. It has been bonded for SIC, 00C
per mile with the Illinois Trust and
| Savings bank. of Chicago. and William
A. Rule, cashier of the National Bank
of Commerce OF Kansas City, as trus-
| tees.
The alliance of Gates and the 1doores
lends indirect interest to the Ozark s