The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-10-06

| said to have occurred recently upor
the decision that a third vice president
must be secured to take charge of the
entire traffic and greatly increase it
Mr.. Loree is said to have insisted upon
securing the services of an eastern
man, while Mr.. Winchell held out for
a western man. In the end it was the
west against the east. and the west
won.
1t is stated that Mr.. Loree has not
been in robust health for several years
and will take long rest before re-
Ientering the railroad service.
His rise in the railroad world was
rapid. Born in 1858 at Fulton City,
Ill, he graduated at Rutgers and en-
Pennsylvania in 1877 In January, SO,
he became general manager of the
Pennsylvania lines west of -Pittsburg,
| and in January, 1901, vice president
made president of the Baltimore &
/ Ohio railroad.
The resignation of Mr.. Loree will, it
is stated. Undoubtedly be followed by
with a view of eliminating the element
which he brought into the company,
and thereby placing it entirely in har-
mony with the policies and methods
of the new executive head. Mr.. Win
chell. If this occurs it will be the
third reorganization in the brief period
since the Moores and their associates
secured control.
Mr.. Loree'S resignation came as a SEN
sational surprise TO the railroad world
Nine months ago he was induced to
leave the presidency of the Baltimore
& Ohio railroad by the pavement OF
cash bonus of $500. 600 and a five-year
contract insuring him additional
salary of $4,000. This contract, so lib
eraI in its terms as to be almost be-
yond credit, provided that in the event
of his leaving the service of the Rock
Island, his salary should continue dur
ing the life of the contract and that
in the event of his death his widow
should continue to receive it.
Within less than one year after the
signing of this contract his retirement
practically forced under a charge
that he had diSorganized the property
instead of organizing it, and had failed
in accomplishment OF the Moores' pur-
pose to weld their railroad properties
mendous tonnage possibilities. At the
conferences, which were attended by
William H. and James H. Moore, d. G. |
Reid, chairman of the Rock Island
board; Robert -Mather, vice president
and general counsel of the road; Mr.. |
Loree and b. F. Winchell, president of
the Rock Island Railway company, Mr.. |
LoFee was plainly tofd that his meth |
ion of the owners of the property, not |
such as were calculated to bring about |
desired results.
The positions which Mr.. Loree resign
of New Jersey, the holding |
for Rock Island system Secur- |
tiles; director of the same company, !
chairman of the executive committee
of the Chicago, Rock Island & Pacific |
company, director of the same |
and chairman of the execu-
tive committee of the ST. Louis & San
Francisco Railroad company To sue
coed him in the latter position B. F.
YOakum former president of the Fris-
co and chairman of the board, was
elected at joint meetings of the vari
Gus companies, held subsequent to Mr..
Loree's resignation.
Robert Mather was elected president
and director of the Rock Island COM
pany of New Jersey, director of the
Chicago, Rock Island & Pacific Rail-
way company and chairman of the
board of the same company. AS sue
lessor to Mr.. Loree, however, Mr..
Mather will not have the powers which
he Moores, Mr.. Reid and w. B. Leeds
delegated to Mr.. Loree. 1t is under
stood that following the recent annual
'eport of the Rock Island disclosing a
decrease in net earnings far greater
han any other western system, the
Moore brothers and their associates be-
gan an investigation at Chicago to dis
over the reasons. They are said to
y displeasing. 1t is said Mr.. Loree's
allure to gain the approval of the
Moore syndicate was due largely to the
act that he applied eastern railroad
Methods to a western system, where 8
conditions are totally different. !
The Chicago Inter-Ocean says: This :
levers all connection of Mr.. Loree with i
he Rock Island Frisco lines. 1t is gem
rally understood that there has been :
considerable friction between MI. Loree r
nd the directors. Mr.. Loree was cho- E
en- as the head of the Rock Island
frisco lines two years ago to repre-
ent the banking firm of Speyer & Co. ;
f New York, which had furnished :
much, of the money needed to carry :
ut the deal whereby the Rock Island :
cquired control of the Frisco system. ! I
1t is surmised that the Moore-Leeds {
,eopIe have become independent of
'peyer & Co. and are able now to have
heir roads Differed by men of their own L
election