The Montgomery advertiser., 1909-12-02
GOES TO YOAKUM
STARVATION FROM ROCK ISLAND
 IS COMPLETE.
Important Transfer of Raflrosd Prop- ertfes May Have Been Due fo the Interstate Commerce
 COmmlssion

New York. Dec. I.--Six thousand i've hundred miles of railroad, forming the St. Louis and San Francisco Rail- road Company. generally known as the Frisco" changed hands in New York today by its severance from the Rock Island Company. with which 1t was merged in 1908.
 The purchasers are B. F. Yoakum. former chairman of the Frisco Rock Island Board. and B. l.. winchell, for- mer President if the Rock Island Rail- road, who now becomes President of the Frisco.
 It is understood that Messrs. Win chell and Yoakum have as their asso- ciates in. the deal some of the leading ing Adolphus Busch and Festus J. Wade of St. Louis. as we'll as the Union Trust Company of that city.
 All accounts agree that the dissoiu- ton was brought about by fear of Federal intervention. The Rock Isl- and and Frisco lines parallel and tap each other at various points. and there Is season to believe that the Interstate Commerce Commission had taken cog nizance of that fact. Is
 Another phase of the situation IS that the Frisco will form some alliance with the Hines of Edwin Hawley, newcomer In the railroad world. who recently acquired, with B. F. Yoakum. control of the Missouri. Kansas and Texas Railway. At the same time, the re- Iations of the now divorced Frisco and Rock Island lines are to be friendly and beneficial to both.
 According to both ofiicial and unom- cial statements, the interests now In the control of the St. Louis and san Francisco Road will operate that road as an independent property, although the actual transfer canot be effected until the si7,ss4.000 of 5 per cent coi- lateral bonds of the Rock Island. which controls S1s. 100000 of St. Louis and san Francisco common stock nave been retired. The redemption price IS 1o2 f.s and iarges quantities of the bonds have recently been traded Tn on the stock Exchange at steady advance from s3 to 102 1-2. the latter. or ton urice, reached today. formal offer of redemption probably VIII pc made at once.
 The st. Louis and San Francisco Railroad was organized In ls9e. as 'ne successor of the railway company or that name which had been sold In toIe- closure. When taken over by the Rock Island Company. control Of the nroperty rested with B. F, foakuHi and his friends, and MT. Yoakum was made chairman of the Rock Island Board. i. Yoakum- Hawley alliance m more "ass ". than one. Besides the Katy, re- gently purchased. they have other in- terests in common. Mir. Hawley, com na rn lively a new figure of prominence ir 'the railroad world, is credited with the control of the Chesapeake ana Ohio. Chicago and Alton. Minneapolis and St. Louis, Iowa Central ana tne ox.A WaafaFn-4 while he ie interested in Hooking Valley, Toledo and ohio Central Western Pa cific the Atlantic Coast Line and Lou isviile and Nashville.
 The St. Louis and San Francisco had not been . very profitable subsidiary of the Rock Island system. for the Rock Island, being responsible for the Fris- co bonds, was practically paying wna' the Frisco did not earn. botn roads, therefore, look for improvement under the new arrangement.
 Southern Roads Interested.
 st. Louis, Dec. 1.-The segregation of the Rock Island and tfso St. Louis and San Francisco Railroads is to be fol- lowed by a close community or inter chtS between the latter and Southwes- tern railway systema, according to well authenticated reports In St. Louis fi- nancial circles today.
 one version of the report has 1t that the Chesa peake & Ohio. the I>ehigh Val lev. the Wabash, the Missouri. Kansas & Texas and the St. Louis. Brownsville & Texas are to be included in the com ing negotiations. This would give B system extending from Canada and the Atlantic seaboard to the southwestern borders of the United States.
 The reports come largely from the sanne sources that last night predicted tnda va deveiopment in New York.