The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-07-29
FRISCO ACQUIRES
ANOTHER RAILWAY,
Holdings of Hooley & Co., Syndi-
cate in Evansville and Terre
Haute, Taken Over.
Y0AKUM ELECTED PRESIDENT.
Will Be Operated in Conjunction
With the Chicago and Eastern
Illinois, and Is a Valuable
Acquisition.

REPUBLIC SPECIAL.
New York, July 28.--As n result of the
| failure of Edwin S. Hooley & Co., the
Evansville and Terre Haute Railroad, OF
| which Edwin S. Hooley was president
passed into the RockIsland- Frisco camp
to-day. The deal was carried through late
this afternoon within few hours Of its
conception, and Benjamin +. Yoakum, at
hastily called meeting Of the Board Of
Directors, was elected president of the road
and director of the company, to succeed
Edwin s. Hooley. He was also elected
president of the subsidiary companies con-
trolled by the Evansville and Terre Haute.
No sooner had the firm of Edwin s.
Hooley &. Co. failed than an effort was
| made to find purchaser for the controlling
Hooley's chief asset Tha Evansville and
Terre Haute fell naturally into the Frisco
system as physical connection of the Chi
cago and Eastern Illinois. The road had
been offered before to the same interests.
but Mr.. Yoakum declined the prefer ac-
count of the price which its owners de-
manded.
After the failure of the brokerage firm.
however. the original terms were suffi-
GENTLY modified TO overcome the objections
Of the Frisco party. and the property has
junction with the Chicago and Eastern
Illinois. which. in turn, will be an integral
part Of the new Chicago-New Orleans route
Of the Rock Island-F'risco system, which
will be Incorporated as new company
the. Chicago. Memphis and New Orleans
Railroad.
It was reported early to-day in Wall
street that a bid had been made for control
of all the common stock Of the Evansville
and Terre Haute. owned by Edwin s. Hoo
ley & Co. and Edwin s. Hooley individu-
ally. The offer was made, It was stated, on
the basis of $50 a share. The actual trans
action, however. and the terms of the deal
,J.I lac hit
noon.
At what price Mr.. Yoakum secured con-
troll of the Evansville. and Terre Haute
could not be positively learned. The stock
of the company, after the announcement of
the Hooley failure on Monday. sold down to
1914. 1t rallied to-day to 81, where it closed,
Terre Haute will in all probability alter the
plans of the Rock Island-Frisco for the is
connection with the adjustment Of the
finances of the ChiCa go-New Orleans lines
The Evansville and Terre Haute Railroad
period of ten years. including the present
change. It has been under the control of
five different interests.
;, Starting ten years ago. the Mackey party
1. Nicholas & Co. and the Gripping in the
ma Of the late C.. c.. Baldwin. in July.
resented by II. NJ. and W. II. Tilford.
They. in turn. passed it on to Thomas &.
Post. The father Of the senior member of
this firm General Samuel Thomas with the
late Senator Calvin 8. Brice. was. at a
more remote time, identified with the
family.
Thomas and Post parted with Evansville
ana Terre Haute early in 1902 to Edwin s.
Hooley & Co. and certain interests identi-
fed with the Chicago and Eastern Illinois,
and now comes the ownership.
The Evansville and Terre Haute Railroad
owns $50 miles of road from Evansville,
Ind. to Terre Haute. and controls the
Evansville and Indianapolis Company, an
additional lis miles.
The road has a capital stock of 50, 2se, 100
outstanding. divided into 1881 1888 common
and 81. 2S24l6 preferred. Its funded debt
amounts to S6,0IS.O0O. In addition 1t glIaran-
tees s25oo,0o0 bonds Of the Evansville and In
dianapOlS road