New-York tribune., 1909-11-22
THE Y0AKUM RUM0R
NO RESIGNATION YET.
Cause of the alleged Rock Isl
and Quarrel.

r. D. Yoakum has again declined TO
discuss the persistent rumor that he was
about 10 sever his connection with the Rock
Island system. as an outcome OF disagree
rnent with the Moore Reid interests follow
ing his recent entrance into the Missouri.
kansas a. Texas. control Of which road. a
business competitor 81 the Rock Island
lines was acquired few weeks ago by Mr..
voakum and Edwin Hawley in association
VITA the Speyers. one OF the leading inter
este IN the Rock Island control also de-
uied that there had been any discussion
between Mr Goakum and his associates
concerning his possible resignation; or that
of b. r. Winohen. as president Of the Chi
cago. Rock Island & Pacific Railway COM
Tans Nhich had also been widely rumored.
but which Mr. Winchel declared day or
iWo ago 70 be without foundation.
other men closely identified with the
inner councils Of the Rock Island. how
ever we're less positive. although agreeing
that no designations had yet been pre-
sented. their view being that as the prop
srty was controlled by a small group OF
men II would not be surprising il dissen-
sions might have arisen i'm regard 10 It's
operation
The rumors from the West including the
ST Louis a san Francisco and the Chi
plan for a great holding company for the
HaWley roads are denied. without quail
fcstiOn by the Rock Island interests and
also by associates Of Mr.. Hawley. some
~ whom also discredit the story that any
l.olding company is in course Of formation.
= re Western dispatches have included the
Colorado a. Southern. il may be noted,
which several months ago passed from
HaWley control into that OF the Burlington.
NJ. X. & T. CONNECTION.
The statement made by Mr. Hawley last
month. when the passing OF control OF the
Missouri. Kansas &, Texas into the hands
81 himself and his friends was announced,
indicated that Mr.. Noakum. who was then
elected 10 the executive committee as well
: as 10 The board. would take an active and
personal interest i'm the property. Mr.. Haw-
10y, after announcing that he and Mr..
hoakum had purchased "A large interest.
which in connection with that Of Speyer
a Co. gives them a predominating strength
in the property" continued:
Mr.. Noakum's lifetime work has been
IN building up and developing the South
west This road 1.-THE Missouri. Kansas g.
TeNasl serves that territory. and his con-
nection with il viii both aid IN the de-
N'lopment Of tho property and The build
Wall Street thinks fl not al all unnatural
that that announcement Of NJ Yoakunl's
purpose 10 take an active and prominent
part although ss an individual i'm the
upbuilding OF road which is a parallel
and competing property with Rock Island
lines. may have aroused opposition among
his associates in the Rock Island man
agcment ~ hc is chairman of the execu-
tive committee OF the Chicago. Rock La
and d Pacific and of tho Frisco. More
over Mr.. N2akuH- has not always been
associated with the other members Of the
Rock Island group. but came into close
relations with them when The Frisco con-
frol Was acquired by the Rock Island,
after tho control Of the latter had been
obtained by the MoOres. ID. q. Reid and
the late William B. Leeds
Az ALLEGED HOSTILE MOVE.
The recent retirement Of A. J. Davidson
as president Of the Frisco las been said to
have been a move hostile 10 Mr. Yoakum
IS Mr.. DAVIDSON is understood TO have been
Tho selection of Mr.. Yoakum FOR that Office
which the latter himself hlled Just prior 10
tic passing Of control Of the property 20
the Rock Island. Under the laws OF Mis-
souri,, il was learned. the president OF
railroad incorporated in that state must be
d Aitllntf hl Ale DodTG OF directors. and
the dropping OF Nh. Davidson as a director
few days ago was necessarily followed by
lis retirement from The presidency
Conferences have beea going on in this
city for several days between Mr. Yoakun
and his friends, and il may he that tie
differences which have apparently arisen
between him and the MOore-Reid part-
may be adjusted. r. however, he should
leave The Rock Island, L IS assumed bv the
Street that IL VIII be TO take an important
part In the executive direction OF the law
ley system instead II continuing 10 aU his
present advisory position as simply a di-
rector and committeeman q the Missouri
Kansas a Texas. and Mr. Hawley VIII Gain
the cooperation OF railroad executive of
vide experience and undoUbted ability in
the task OF management 0f a system which.
according 10 present plans. will before long
have an unbrokcn line from the Atlantic
seaboard TO the Missouri River and from
chicago to the Gulf. and by its alliance
with the Kansas City. Mexico & Orient will
also in sime extend its service 10 the Pa
Cifc Coast.