The herald and news. [volume] (Newberry S.C.) 1903-1937, 1906-01-01
A, J. CASSATT DIES.
President of Pennsylvania Railroad
Has Passed Away.

oSA1c VI I1AS e@A1Ao ASeN11AOS%
and one Of the foremost railroad men
and fnanciers in the country, died
suddenly at his residence in Phlla
delphia on Friday.
Mr.. Cassatt, who was a little more
than 81 years Of age, was stricken
with heart disease shortly before l
O'Clock and died before assistance
could be given him. He was victim
Of an acute heart attack, known pro-
fessionally as "the Stokes-Adams
symbrone.
Though Mr.. Cassatt's death was
entirely unexpected he had been in
i'll health for nearly a. year. His con-
dition was aggravated by an attack
Of whooping cough, which he con-
tracted from his grandchildren while
at Bar Harber, in September. He
never entirely recovered from the ef
fects of the attack and when he re-
turned to Philadelphia he remained.
for several weeks at his country home
in Haverford before he resumed his
management Of the railroad and its
allied, interests. He continued at
tending to important matters until his
(Nbirthday, December S. On that day
Hike was, 81 years old, and after cele-
VIBRATING the event with his family he
never returned to his duties at the
railroad Office. Mr.. Cassatt spent
much of his time driving, and he was
out as late as last Monday. Subse-
quently he was known to have been
confined to bed, but even then his
condition was not regarded as alarm
ing. While not feeling entirely well
Mrf Cassatt arose this morning, but
remained in his room. He, seemed to
be in good, spirits. ,...........
Dead When Physician Arrived.
Shortly before 1 o'clock, while sit
ting in chair in his apartments, he
suffered an acute heart attack and
became unconscious. His wife and
daughter, Mrs Plunkett Stewart,
were with him, and his physician, DR..
j. 81. Musser, was summoned, but he
was dead when the physician arrived.
DR.. Musser said that death had been
almost instantaneous.
The news Of Mr.. Cassatt's death
was at once telephoned to Broad
street station and was flashed through
the financial and business sections Of
the; city, causing much astonishment,
s. ince the public and even his closest
business associates we're given to un-
derstand that he was not seriously
Ill. !
The effect Of his death upon the 10
cal stock market was not as great as
might have been expected. Pennsyl-
vania was quoted at 13S IA when. the
news was received, and the stock
dropped only "a on the report.
Some months ago Mr.. Cassatt made
changes in the organization of the
company which put new duties on
some Of the higher officials. Among
these was Samuel Rea, the third vice
president, and it was suggested at the
time that the act was equivalent to
placing Mr.. Rea in line for promo
ton to the presidency, but, there is
no official authority to, sustain such
an inference, and pending the election
Of a Successor, First Vice President
Green will assume charge Of the at
fairs of the railroad company.
The operation of the railroad in the
last year is said to have had much to
do with the breaking Of Mr.. Cassatt's
health.
He had just gone to Europe for a
rest when the sensational, develop
ments in the Interstate commerce
commission investigation Of rebates
brought him back home and he threw
himself into the breach in an effort to
bring about an amicable settlement OF
the questions 1T issue. Deprived Of
his rest abroad he plunged into rou-
tine work until he went to Bar Har-
Dor.
Was Multi Millionaire. 4
Aside from being the head OF the
Pennsylvania, Mr.. Cassatt was pres1-
dent Of six other companies, and a d.
rector in twenty-three concerns, prln-
cipally transportation companies,
banks and trust companies. His
wealth is estimated at between $780,
100000 and s75,OOO,OO0.
Mr. Cassatt was born in Pittsburg
:: 1000 voc o1uoata1 in GprnanV