Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-10-06
THE LOREE RESIGNATION.
Furry Created in Railway Circles
Rock Islands Future,

The sudden retirement of Col. L. F. Loree
from the presidency of the Rock Island
railroad system, as announced In the Star
yesterday, has aroused considerable interest
among railroad men in Baltimore and other-
railway centers While surprise was almost
general, those who learned to know Mr..
Loree well when he was president of the
Baltimore and Ohio railroad have intimated
that they never expected him to spend b
very long term with the Rock Island. AS
a prominent railroad official in Baltimore
said yesterday: Mr.. Loree is a man Of
great self-will and is never happier than
when he is at the head of a staff of rail-
road officials whom he can dominate and
drive just as he would a pair Of horses.s
A dispatch from Baltimore last night
says: The organization of the Rock Islandt
following the retirement of Mr.. Loree has
already begun. The first step was taken
today, less than twenty-four hours after the
announcement of Mr.. Loree's resignation.
President Winchell accepted the resignation
of c. E. McISim, general superintendent Of
transportation, and filled the vacancy by
the appointment of w. NJ. Hobbs, formerly
assistant general superintendent of transT
portation. Mr.. McKim was formerly SUPERB
intendent of telegraph for the Pennsylvania
and was one of Mr.. Loree's first Pennsyls
vana importations.
The change is to be followed by others,
which will bring about perfect HARMONY
throughout the entire system. The eievas
ton of Mr.. Hobbs, who has been with tho
Rock Island for nearly thirty years. IS said
to indicate that former Rock Island men
will be given an opportunity to return
where positions they formerly held are not
now satisfactorily filled.
The future of the Rock Island, with its
total mileage of more than 10 900 miles,
has been placed in the hands of two men->s
B. L. Winchell and Robert Mather-and 1t
is understood they have been givon free
rein in their undertaking of making the
property what 1t should be. Five years ago
neither of these men was known in rail-.
road circles, but both have risen by sheer
merit to the highest eminence In those
circles.
Mr.. Winchell will be in complete control
Of the operation of the property, with tho
aid Of Mr.. Mather chairman of the ex-
ecutiye committee, while Mr.. Mather will
of New Jersey, the security-holding corpor.
alton.
Neither railroad nor financial history furs
nishes a parallel of the rise of William Ifs
and James H. Moore and D. G. Reid and
nothing in railroad history has been so
fraught with sensational developments as
the Rock Island since the Moores acquired
1t three years ago. e.
In railroad and financial circles the rcSlgs
nation of L. F. Loree is taken to mean that
the Moores and their associates have be-
come independent Of the banking firm OF
Speyer & Co. of New York. II
In this connection it is also stated that
the relations between the MOores and j. Ps
Morgan, through the medium of the First
National Bank of New York, are again Of
the most friendly character the chasn
caused by the banks refusal to finance the
Rock Island bond deal having been biidgeds