Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-07-16
GOULD GETTING
OUT Of c. F. 8 |.
Railroad Magnate Reported 10
Have Disposed Of Part Of
His Holdings.
WAS NOT SUCH A BONANZA.
Colorado Fuel & Iron Did Not Prove
Such a Good Investment for
Rockefeller Syndicate.

According to the Denver Post George
j. Gould Is reported TO have disposed
OF aIplyt OF his Colorado Fuel q Iron
company stock. and there Is proba'
bility that he has sold all OF II.
officers Of the company readily adj
nit that John d. Rockefeller and the
Rockefeller interests are out OF thu
company. but viii not admit that Geo.
J. Gould has disposed OF HIS holdings.
The truth VIII perhaps not be known
until the annual meeting is held IN Oe-
tober.
There has been a report on Seven
teenth street for several days, says the
Postand 10 Is credited IN many sources,
tina, the Colorado Fuel & Iron company
is a maverick" that Ii Is nobody's
steer. or IN other words. that Il be-
longs TO the general stockbuying pub
lie. II this report Is true II certainly
shows a queer state OF affairs, and the
G. F. & !. comes near being Socialis-
tic Institution. But George ]. Gould
and the men placed on the board or
directors b. him at the last annual
meeting OF the c. f. & !. are still the
officers Of the company and are look
ing after us affairs.
There are many arguments advanced
by financial men both 10 prove and
disprove that Gould has sold out. Ths
strongest 10 favor OF the theory that
be sti.l holds his stock is that the c. +.
& !. this year Will have slight sur
plus. the first IN many years, and II
rapidly being put on a paying basis
by President Frank J, Hearne.
The strongest indication that Gould
has sold out Is that the G. F. & /. Is not
doing his railroads as much good as he
believed Il would, and that he could
use his capital TO better advantage In
other ways.
With but 10 or 10 per cent Of the
stock OF the C.. F. & l.. Gould will Be
able 10 elect an the officers ne wants,
as il is believed the stock Is so scat
tered that the opposition would be very
strong, and II there is any opposition
no doubt Gould viii be able to secure
all the proxies he wants in time for
the next election.
There has been much activity In c.
+, & l. stocks lately. and II Gould
wanted TO put some Of his stock on the
market he could have done So He has
lost money, Of course. II he has sold
but the Rockefeller interests lost
money when they sold out.
The c. f. & l. did not prove TO be
such bonanza as the Rockefeller
Gould crowd supposed IL would be. Had
II been left In the hands Of the John c.
Osgocd crowd the results would, no
doubt, have been different, but the cap
ital stock n the company was increas-
ed many millions when the Rockefeller.
Gould contingent took hold and the
company hal hard time TO meet all re-
qulrements.
II the United States Steel trust has
any wish 20 control the G. F.&It will
no doubt be able TO do so AT the next
annual meeting, but Il is not believed
that the trust wants the plant. In any
event the great steel plant al Pueblo
VIII continue 10 run, whether II is own
ed by Gould. the people or the trust
There Is too much money invested 70
close the plant down. and under the
management ~ F. ]. Hearne the steel
works Is being brought up to such a DE-
gree Of Efficiency that II is only a mat
ter Of short time when Il will be
good paying investment.