New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-15
KATY HAS NEW BOARD
HAWLEY MADE CHAIRMAN
II. II. Alien Elected President of
Road to Succeed .Joline.

Edwin Hawley. b. F. Yoakum and James speyer.
who as announced yesterday morning I'm Tho
tribune have acquired a controlling interest in
the missouri Kansas Texas Railway Company
to0A over the management of the property yester-
Gay Al meeting OF the executive committee
Messrs. Hawley and Yoakum. Hans Winterfeldt
OF SpeYer Co; Frank A. Vanderbilt president
or the National City Bank and a member of the
Hawley syndicate which recently bought the
chesapeake & Ohio. and Frank TrumbulI, chair
man OF the board Of the Chesapeake & Ohio and
director in other Hawley roads, were elected
directors. succeeding Adrian H. Joline r. w Ma
CURE Henry w Poor, J. G. Metcalfe and Charles
G. Hedge.
The nve new directors and James N Wallace
and James Brown Potter now compose the execu-
tive committee. At this meeting also Adrian H
Joltne retired as chairman Of the board and as
president, Mr. Hawley being chosen to succeed
him as chairman and A. A. Allen as president
Mr. Jolne will continue to act as counsel for the
company.
Mr.. Jolne yesterday afternoon issued the fol-
lowing statement in explanation Of his retirement
from Official place in the Missouri Kansas &
Texas:
at ~ has been manifest for long time that the
he ss sI Kansas Texas system must eventually
ynSt me property may be developed and its bust
President the last three Years in the eS OF
pectauon that some alliance beneficial to the
YOakum. and also speyer Brothers. who have awe
peen financial advisers OF the road for some years.
renders it desirable that they should assume Charge
ttSSSlgned the Craftsmanship and presidency. and
me members of the executive committee except
the Central Trust COMPANY who remain sTs r OF
signing. Mr. A. A Allen. for many years the able
as president. and Mr. Edwin Hawiey viii become
chairman OF the board
Mr.. Hawley made this statement:
a large interest in the Missouri. Kansas Texas
and 81 F Yoag Rbich iG by Edn H.aWey
OF Speyer Co.. gives them a predominating
This adds another important territory friendly
10 the system which Mr.; Hawley has, by the pur-
created within the last few years. and is an i'm
Mr.. Yoakum's lifetime work has been IN huild
ing up and developing the Southwest. This road
will both aid in the development Of the property
and the building up OF the country which 1t serves
always been friendly in railroad properties and this
only brings them together in more concrete and
effective way.
ting control had been purchased both in the mar
ket and through outside negotiation, and, in re-
Spouse 10 another question. added that a great
deal of it was purchased in Europe, the Dutch
holders being among the large sellers.
A. 4. Allen. the president or the Missouri,
Kansas Texas born in Illinois in 1853, and
entered the railway service in 1868 as a messenger
in the Chicago, Burlington & Quincy He was
subsequently in the employ OF the Wisconsin Cen
trail and various other Western roads, and entered
the service of the Missouri Kansas & Texas I'm
January, 1885, general superintendent. being ad-
Vanced two years later to assistant general man.
ager. and May l. 1897 to vice-presldent and gen
eral manager, which Offices he has filled up 20 this
time.
Edwin Hawley, Theodore p. Shonts and H. S.
Black who members of the Chesapeake &
Ohio syndicate. viii within a few days make an
inspection trip over the Chesapeake & Ohio. and
also the line of the Chicago, Cincinnati &
Louisville, announcement of the acquisition of
which by the Chesap eake & Ohio is expected soon.
Possession Of the Chicago, Cincinnati & Louis
vile, as has frequently been pointed out will give
the Chesapeake & Ohio an outlet to Chicago and
the Great Lakes, and direct connection with the
Toledo. St. Louis Western road. the latter con-
nection linking It with the Chicago & Alton the
Missouri. Kansas & Texas and the Kansas City.
Mexico & Orient road.