The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-02

road company (the Frisco) was organ
railway company of that name, which
had been sold IN foreclosure. When
taken over by tho Rock Island company
control of the property rested with Is.
+. Yoakum and his friends, and MI
Yoakum was made chairman OF the
Rock Island executive committee.
Enter Hawley and ''Katy."
Credence is given the rumors of
Yoakum Hawley, alliance IN more ways
than one. Besides tho Katy recent
ly purchased, they have other interests
in common. Mr.. Hawley is credited
with the control of the Chesapeake Il
Ohio, the Chicago & Alton, the Min,
ncapolis & st. Louis, the Iowa Central
and the Toledo, st. Louis & Western;
while he is interested in Hooking Val
ley, Toledo g. Ohio Central, Western
Pacific. the, Atlantic Coast Line ana
Louisville & Nashville,
The Frisco has not been a profit
able subsidiary of the Rock Island sys-
tenn, for the Rock Island, being re-
sponsible for the Frisco bonds, was
practically paying what the Frisco did
not earn. Both roads, therefore, look
for Improvement under the new ar
rangement.
offictal Announcement Issued
The following official statement was
given out:
Railroad company OF Iowa today sold ana
delivered to Il. +, Yoakum and otherS1
common stock OF the ST. Louis N Sar
Francisco Railroad company, representins
the controlling interest and being all the
shares Of stock which the Chicago. ROCK
Island & Pacific Railroad company mas
heretofore owned in that company
A meeting of the board OF directors OF
the Chicago. Rock Island s. Pacihc Ral-
road company was held this morning,
proper authority was given, ana the
transaction was later in the day closed
one of the reasons for the sale was
the legal advantage, II not necessity, OF
a separation of the Rock Island and
Frisco properties, question having been
;aised both by the federal and certain
state governments as TO the TWO roads
being parallel and competing
The Rock Island and Frisco railroads
VIII henceforth be operated as separate
properties. there having been a complete
legal severance OF all relations heretofore
existing between them. notwithstanding
those In control of the two roads. and IL
is intended that they shall be operated
to the mutual advantage OF both, wher-
ever it may properly be done.
of the Chicago. Rock Island y Pacific
Railway company. the following were
elected as the executive committee OF the
n G. Reid. w, II. Moore. J.
II Moore. f l.. Hine. r. a. Jackson, II.
u. Nudge: L. S. Moore,
The following. officers were elected:
d. G. Reid. chairman of the executive
II. A. Jackson. vice chairman
of the executive committee; II. u. Nudge.
president.
The meeting adjourned until tomorrow
for the election OF additional officers and
the transaction of other routine business.
AT meeting OF the board OF directors
OF the st. Louis & San Francisco Railroad
held this morning. the following
were elected as the executive committee;
b, +. Yoaltum. Edwin uawley. b. l..
Winchell, James Campbell, Frank Trum-
bull T.. V. r Thayer. Thomas III. West
The following officers were elected:
B f. Yoakum. chairman of the execu-
tive committee, y, L. Winchel, presi-
dent.
The meeting adjourned until tomorrow
for the election OF additional officers and
the transaction of other routine business.