New-York tribune., 1904-10-06
WHY LOREE RETIRED.
Question Of Eastern Versus Western
Hethods-Erecutive Changes.

The news u The -eti-eue-t ~ L T. Lo-ee from
enc presidency ~ the Rock Island company and
The cr1e- executive oE-es held by hin q rhe Rock
Island system came as surprise yesterday 70 Val
Street L not having been generally known that
rhe controlling interests n The system were 2-lss
cnistic 70 MS policies. NJ Loree may oe sad
~ have had --4 framing of an Eastern railway
man having been IN The Pennsylvania Rsl--oaL
service from -sg8 u-- Ns- -sGI. ana president ~
the Baltimore and Ohio from r-e after date uE-tl
1srra-v of This year. when ne became me head
o. The Rock Island system. and trA explanation
gwen II his severance OF connection with the latter
s-sreua is c-zr Il was found that the ulllczc.c-
snd development n great system o Is ester ines
Ike re Rock Island vas a. a-hieve-1e1r winch
could not De accomplished ~ the application -
Eastern icezs and methods
S-oe he Moore interests became dominant n
Rack Island there have been several important
rranEss Il ne executive s-a5 q the system FIRST
-zrae ne retirement on December - -s0- u Z 9.
P--cy as president CT Ire cd Chicago ROCK Island
and Pacific Ral,wzy Company, lis successor being
william 2 Leeds. II December. -s2 =. C. Rei5
was elected Chairman ~ The board. succeeding
2 r Cable Who had been president before NJ.
Pu-cy- ~ about the sane tine Charles 4 Warren
uss made FRS vtce-prssiGe1r having come n me
Rock Island 1rou The Central Railroad Of New
Jersey r which he had been irsr v1ce-pTesideu-.
nur wear lzrer his resignation was asked eor and
received, Chicago dispatches ar ire time saving
that his -reri-seEt Is said 70 have been demanded
~ rhe ZoakU-- interests which believed thar Re
vas 5-sorEzElzilg The Rock Island property NJ
Loree succeeded NJ. Leeds as president OF ths
Rock Island company N January J. -s4 AIr leeds
becoming Chairman % the board n April NJ
leeds vas szcceeoec as president CT the Chicago
2ocz Island and Pacihc Railway Company by Z. 7.
Win-hel. ana Robert Mather who has Just been
elected president q the Rock Island coraparv was
elected hrst vtoe-presidenr Of the Chicago. Rock
Island and PaciSc RailVav Company and The s.
Louis and Ssn Francisco Railroad Co-nparv sue
ce@6ing M Win-her n the latter oece
chicago, Oct 5---@The 2ecord-HeralE' TO-DAY
referring 10 ne resignation OF L Lloree as
rresi6eut o. the Rock Island Railway system saws
rhsl tae resignation came after q series OF cou-
fsreuces lasting more than q week between NJ
Loree ard the principal owners OF the road A.
-1ese conferences, according 70 The Record
alc." we're present William H and James H
Moore . G Red chairman cf The Rock Island
board. Robert Mather. v1cs-p-esiae-t and general
- ne Rock Island Railway Company. The Rec
ord-Eerz-d" says
The bstrls 4 bzt-le II may be called was largely
between III L9ree- supreme execu.-ve hea6 - -rs
ROCK Island system ard NJ. Tt-cheW --ae71a~s
~ rhe ROCK Island Railway whose -re-SoGS a--s
1eg----rE The policy outlined and zdVors-s7 -,
a. re zee sols s9se- Soa tae aae hersafter he VII
IoNs- subordinate only 70 rhc owners
According 70 The Rscord-HerzId.~ NJ 7o-aa
ln o1er-lg his resignation. gave up a salary ~
s...lW ar--a-ly, guaranteed for period ~ =-.
wears Il was nine months ago thar bs rasi--az
ire presidency ot tie Baltimore and O-iq R,5,-.z
-4At I'D ne management of the Rock Tsla,5
system cash bonus ~ yDapN The F,aro-7-
4iera-l SAYS was one ~ the considerations u-,,i.
'-'aea MN 10 make The change