The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-12-29
THE L0REE RESIGNATION
1T CREATES MUCH COMMENT AND
CAUSES NUMEROUS sURMIsEs.
Oscar G.. Murray VIII Probably be
Selected President of the ii. a o.
General and Personal Notes.

No official change has occurred in many
years which has created more interest than
that of W. f. Loree leaving the Pennsyl-
vania and casting his lot with the Chicago
Rock Island & Pacific. In his succession
10 the head of the Rock Island system Mr.
Loree will shoulder the responsibility Of
one of the most important and extensive
systems in Western territory and will
bring to the new position an experience
which his rather trying service al the head
of the Baltimore & Ohio has broadened and
enlarged. An impression prevails that
Oscar Murray, vice president. will succeed
Mr.. Loree as the official head of the sys-
tenn. The Philadelphia Bulletin says: Rail
road men generally expect to see Mr.. Muir
ray made head of the Baltimore & Ohio.
He is particularly acceptable to a. J..
Cassatt, president of the Pennsylvania, and
Mr.. Cassatt. it is said. looks upon Mr.. Muir
ray as a capable railroad official That the
Pennsylvania can dictate Mr.. Loree's sue
cessor is shown by a glance at the board
of directors of the Baltimore & Ohio. 1t
consists of John p. Green, Samuel Rea,
S. NJ. Provost, James Speyer, Jacob IL.
Schiff. James McCrea, Edward r. Bacon,
T. III. Hartman, Norman B. Ream, Charles
Il
Arthur p. German and L. Victor Baugh-
man, the last two named being appointed
by the State of Maryland. Greene, McCrea,
Rea and Provost are vice presidents and
directors of the PENNSYLVANIA; James
Speyer, e. II. Hartman and J9mes Still
man. of New York are closely identified
| with banking and railroad interests favor
/ able to the Pennsylvania"
Numerous rumorS are afioat regarding
| Mr.. Loree leaving the Pennsylvania, where
| he was educated, and il is questioned
| whether he will find his new position as
! Pennsylvania. Mr.. Loree began his rail-
| road career on the indianapolis a. Vim
| cennes, first as a rodman, was in the
| maintenance of way department in his
early railroad life and his rise of late years
| has been rapid; no more so, however, than
| that of w. Il. Leeds, who began his rail-
/ road career as a brakeman on the Pan
| handle, his home being at Richmond, Ind.
| II reports are true concerning the Rock
| Island road, considerable friction has de-
veloped recently between the Moore-Leeds
/ interests, which control the Chicago Rock
Island & Pacific. and the Yoakum interests
which control the allied St Louis q San
/ Francisco, and ii is thought this may have
/ had an influence in the decision of Mr.
/ Leeds to retire from the presidency of the
| Rock Island. 1t is freely predicted that
within the next twelve months the split
| between the two will become so pro-
nOunced as to cause a sundering of the ties
which now bind the two systems together
| The ST. Louis & San Francisco people are
| reported to be much dissatisfied with the
financial policy pursued by the Moore
| brothers and 1t is intirnated that this op-
| position is so strong that it led to the an
! nouncement, made last week, TO the effect
that the contemplated blanket mortgage
| scheme of $4,000, coo by the Rock Island
interests was abandoned