The Mankato free press., 1909-08-20
NEW HEAD OR C.G.W
SAMUEL M. FELTON, TO BE PRESI.
DENT OF THE ROAD.
He Is the Representative of the Nor
gan Interests; Formerly in Charge
of the Chicago & Alton; Railroad
Man of Wide Experience; Will AS
sumo His Duties on Aug. ri; Other
Changes Contemplated.

st. Paul, Aug. l3.-Samuel NJ. FELTON,,
formerly president of the Chicago &
Alton railway and later employed by
the j. p Morgan interests as a con-
sulting railway engineer, has been chos-
en- as president of the reorganized
Chicago Great Western company. His
duties will begin Aug. 2l and he will
have complete charge of the road, re-
porting only to the syndicate headed
by j. p. Morgan.
The active charge of the receivers of
the district court will be closed Aug.
2l, when the road will be sold at auc-
tion here, but it will require the rest
of the month to complete the details
of the transfer.
Notice of the selection of Mr.. FELTON,
was received yesterday from New York.
III. G. Burt, one of the receivers of the
road, said this morning that the selec-
tion had been made and the formal
announcement might be expected in a
few days.
Burt to Sever Connection.
"W'hen the property is turned over
to the new company" said Mr.. Burt,
my connection with the company will
cease. This program will accord with
my express personal wishes, as | ac-
cepted the position of receiver at the
earnest request of stockholders com
mittees with great reluctance; but, hav-
ing spent several months in examining
the property, [ consented to help in
the management of the property until
the reorganization could be effected
"Mr. FELTON, is railway manager of
long experience and acknowledged abil-
ity. No doubt, under his management,
the property will be thoroughly re-
habilitated and placed upon foot
ing of permanent prosperity"
Has Been With Morgan Interests.
Mr.. FELTON, has been with the Nor
gan interests for several years. His
first task for that company was the
inspection of railway properties in Mex
leo. His report on those was so ac-
ceptable that he has been given sew
eral similar commissions by Mr.. Nor,
gan, and the banking firm seldom
moves i'll railway matters except upon
Felton's advice.
He comes to the Great Western well
equipped for the management About
three months ago he made a thorough
inspection OF the entire system and
| reported upon it. His report followed
that of Mr.. Burt and was about the
same in the major details.
Other Changes Contemplated.
| The selection of Mr.. FELTON, is sure
to make considerable changes in the
personnel of the company. 1t is un,
derstood that L. S. Cass, general man
ager of the company will leave and
assume direct charge of his own street
railway properties in Iowa. Mr.. Cass
was not in the city this morning and
is expected to be away for several
| days.
1t was also said that the Great
Western will be operated as an indie
pendent road. 1t will have the ad-
vantage of favorable traffic relations
with the roads controlled by Mr.. Nor
gan and will be in better position than
ever before i'll its history.
The possibility of the general offices
leaving the city and being located in
| Chicago or New York are said to be
very remote. 1t is predicted that st.
Paul will retain all of the general
offices with only financial represen-
| tative in New York.