The Cairo bulletin., 1905-02-01
From Presidency of the Big
Four tliroad
TO QUIT EXT MONTH
WILL BECOME PRESIDENT OF AN
EXECUTIVE BOARD WHICH
WILL MANAGE ALL VAN
DERRiLT ROADS.


ii, Chicago and ST. Louis railroad
better known as the Big Four. Ac-
cording 10 his own statement he is to
withdraw as president OF the Big
Four aal is o become the president
Of the beard which will manage all
~eh railway interests of the Wander
bilts. Headquarters will be in NV
'oIk.
II does not necessarily follow that
because the management of these in
teresss will be directed from 5e me-
tropolis that Mr. ingalls, is TO take
up his residence here. That, he was
,areful to explain, would not be nee,
essary at all.
viii Stay in Cincinnati.
He will retain his residence in Gin
cinnati and at end the meetings of
he board of managers whenever
'1ey are held. which, it Is supposed,
vill not prove of sufficient frequency
. cause him 10 spend q great deal
# time in Gotham. at least not any
yraater amount of time than he has
been wont while active president of
ne Big Four.
Mr., ingalls, would not di cugs forth
coming events for publication. What
he had to say regarding contemplated
changes was said to close personal
friends whom he me during the day
In some way the impression had gone
out that he had already topped ont
of the presidency of the Big Four
To one friend who early this eve
ming sought to condole with him over
the affairs, Mr.. ingalls, said:
"Oh, no; have not given up the
presidency as yet"
but | thought you had said the
friend Il saw something in the news
papers about IT,"
"They publish that story about
once a month" said Mr.. Ingalla.
There is nothing in it--iust news
paper talk
"Well, are You to hold on?' asked
the friend.
Change viii Come Soon.
Il am going to Withdraw as presi-
dent Of the road" said Mr. ingalls, af-
ter moments thought and am TO
become president of the board"
when is that to occur?" was ask
3D.
soon, replied Mr. ingalls,. as he
passed on through the big main CORR
ior Of the Waldorf-Astoria.
Changes Next Month.
While MIR. ingalls, mentioned no
lime at whic, the severance Is to
formally occur Il is the understand
ng among those who are in a position
o know what is going on in the inner /
circles that the change viii occur the
after part of February or early in
March. In fact it is asserted that /
he changes were determined upon |
months ago and acted upon. This !
vas at the time last fall whon The an
icipatel changes wcre announced. .
All that remained was the official pro
to ha'b the change 80 |
nto effect. This pronunciamento was
O be made, il vas understood at thai !
line, when those higher up in The /
ownership and control of the Wander
)ilt systems felt that every detail /
lad been fully arranged and every /
hing had been done that would lead /
o an easy shifting of authorities and I.
without causing any .
lind of a jar. That time has arrived !
md IL is known that gate mas been /
iet at which the trick will BE- turned |
More Big Changes Coming.
Mr.. ingalls, Is not the only one who I,
S TO suffer by the unilication of the |
administration of The Vanderbilt |
Dads AS was long ago foreshadow- |
ID. II. b. Ledyard is to retire from |
he presidency of the Michigan Cen /
raj. Some wise railroad men and 4
inanciers were saying tonight that I
FIR. ingalls, is not TO become president Z
# the board that is to control the I
lffairs of the Vanderbilt syst3ms. In !
stead. they are saying that executive /
committees are TO be established for I
he Big Four and for the Michigan /.
Central and that Messrs. ingalls, and |
.edyard are to become respectively |
.hairmen Of the executive commit /
ees of the reads OF which they have .
)een presidents.
Plans for Concentration.
The administration scheme as out
ined by a member Of the executive
committee of the New York Central
Dad, is to combine tho administra-
ions of the Vanderbilt lines east OF
chicago under one control and con
.entrate the management in New
FORK under one executive head for all
he different properties in order that
between The different
having a common owner
hip be reduced insofar as thai is pos
ible. II
This arraug ment does not con
amy financial plan. it is I'M
Ierl tool. The fac that an active I,
he'd BEEN maintained be-
ween such properties as he Lake
ihore, Big -Four and Michigan Central 1
vas. # IS claimed ridiculous. Under
he contemplated arrangement Of the
administration Of ths roads the use
{ equipment can be made 5nterchang
bic between The three. Many other
avings will be accomplished The
- =. .a.-4s.t~,. -s--- r-afntafued ar,orv