Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-12-28
.LOREE'S RESIGNATION
President Of Baltimore and
Ohio Railroad to Retire.
PROBABLE SUCCESSOR
MUCH SPECULATION OVER THE
MATTER IN RAILWAY CIRCLES.
Mr.. Loree Becomes President Of West
ern Company-Resignation From
B. and o. Foretold in Star.


the resignation Of Mr.. Leonor F. Loree as
president of the Baltimore and Ohio rail-
road might suggest that the Pennsylvania
railroad Is to strengthen its connections in
the west, with the ultimate object of having
a through system of trackage between the
Atlantic and Pacific oceans.
Some years ago there was an effort on
foot, 1t is said, for the Pennsylvania to get
control of the Santa Fe railroad, which has
large trackage in the west.
Just what was ever done at the time to
fetch about this desired object is not re-
called, although it is remembered that there
was much talk and the subject was exploit
ed to a great extent in the newspapers OF
the central west.
1t is pointed out that only a few weeks
ago Mr.. H. S. Miller left the position of gen.
eral manager of the Vandalia lines, which ID
part Of the Pennsylvania lines west of Pitts
burg to accept the position of general man
ager of the Rock Island system, Of which
Mr.. Loree will be president after January 1.
Mr.: Loree was with the Pennsylvania lines
west of Pittsburg in q managerial capacity
when the Pennsylvania railroad gained con-
troll of the directorate of the Baltimore and
Ohio railroad and made him president. The
Pennsylvania railroad is the parent COM
pany of the Pennsylvania lines west OF
PittsburE.
Much attention has been directed in recent
months to an alleged dissatisfaction on the
part of the president of the Pennsylvania
railroad, Mr.. Alexander j. Cassatt, with
Mr.. Loree because of certain alleged acts
of the latter as president of the Baltimore
and Ohio railroad, which Mr.. Cassatt is said
to have not countenanced.
Lends Color to Report.
To representative of the Baltimore Sun
yesterday Mr.. Loree denied emphatically
that there was any disagreement between
himself and President Cassatt
TT is utterly absurd Mr.. Loree is quot
ed by the Sun as having said, and you can
deny it for me in the most emphatic man
ner if you think it worth denial. l think
1t hardly worth noticing myself"
With this denial Of Mr.. Loree, coupled
with the going of General Manager Miller
of the Vandalia lines, part of the Pennsyl-
vania ownings, to the Rock Island, Of
which Mr.. Loree is now soon, to become
the head lends color to the belief that the
Pennsylvania is becoming, or has become,
an important factor in the direction of the
Rock Island.
In days gone by the Pennsylvania has
had an alliance with the Chicago, Burling-
ton and Quincy. This latter system is
now supposed to be controlled by J. ].
Erie. Within the last few weeks Daniel
Willard resigned his position as first vice
president and general manager of the Erie
to become second vice president of the
Chicago. Burlington ana Quincy.
With the Erie and the Burlington to-
gether with the Great Northern and North
ern Pacific, the Hill interests have COM
plete system of trackage from the Allan
tic to the Pacific.
Resignation Surprise to Some.
President Lorees resignation from the
presidency of the Baltimore and Ohio rail-
road came as surprise to those who do not
watch closely the constant changes and the
ms and outs of the railroad business. In
IL a.,
Evening Star, in dispatch from its repre-
sentative in Baltimore, printed exclusively
in Washington the forecast that President
Loree had rendered his resignation to take
effect January /.
Mr. Loree at that time could not be In
duced to make statement for publication,
and he studiously avoided discussing the re-
port that he had placed his resignation IN
the hands of the company's directorate, al
though it was ascertained, beyond any
question, by The Evenings Stars corre-
spondent in Baltimore that such was the
fact.
There is every kind Of speculation as to
who will be Mr.. Lorees successor at the
head Of the Baltimore and Ohio railroad.
From Baltimore comes the suggestion that
Mr.. Oscar G. Murray, at present first vice
president of the company, may be the man.
1t is intimated that in the event of Mr. Muir
ray being selected as president Mr.. G. L.
Potter, the third vice president, will become
first vice president, and either General Man.
ager Sims or Mr.. ]. H. Maddy, chief clerk
to Mr.. Potter, will succeed to the third vice
presidency.
May Be a Pennsylvania Man.
From Philadelphia comes the intimation
that Mr.. Loree's successor will be some
man connected with the Pennsylvania rail-
road. Dispatches from there today suggest
that it will probably be one Of two-Suher-
land NJ Provost. third vice president or
r. WHOA ~
Rea, who is looked upon as protege Of Mr..
Alexander J. Cassatt, president Of the Penn
sylvania company, Is the most likely OF
recognition, according to the stories that
emanate from Philadelphia.
BY virtue of its control Of the Baltimore
and Ohio railroad the Pennsylvania will die
tate Mr.. Lorees successor. The board OF
directors of the Baltimore and Ohio rail-
road is distfnctively Pennsylvania coterie.
It consists of John p. Green. Samuel Rea,
g. NJ Provost, James Speyer, Jacob H.
Schiff. James McCrea, Edward r. Bacon.
E. H. Hartman Norman B. Ream, Charles
Steele James Stillman and John X. Cowen,
together with Arthur Pue German and L.
Victor Baughman, appointed by the state Of
Maryland. Messrs. McCrea, Rea, Provost
and Green are directors OF the Pennsylva-
Mr. Loree's resignation will take effect
January and he will at once become presi-
dent of the Rock Island Railroad Company,
succeeding Mr. William B. Leeds. Mr.. Loree
city.
Mr. Loree was chosen to be the executive
head of the Rock Island company, which
controls the Chicago, Rock Island and Pa
ciic system, at a meeting OF the directors
held few weeks ago, when Mr.. Leeds ten
dered his resignation. The latter will con-
tinue as a member Of the Rock Island COM
pary's executive committee.
Mr.. Loree's Promotion.
Commenting on the meteoric rise of Mr..
Loree, the Baltimore American says:
I'm a trife over five years he rose from
what many people would call an obscure po-
sition as superintendent of an unimportant
division. paying probably couple of hum
bred dollars month. to the highest Office
in the Baltimore and Ohio service, with a
salary said to be $4,000 a year.
Mr.. Loree, while born in the sucker
state, is New Jersey product. His pa
rents were French and lived in New Bruns-
wick In 1857 they emigrated to the west
and settled In Fulton, ILL.,. where their son
was born in April, 1858.
THE family did not like the west and re-
turned to New Jersey the following year.
After attending the common schools young
I,oree waa sent Rutgers College. from