New-York tribune., 1910-01-14
R. A. JACKSON OUT
QUITS ROCK ISLAND
SYSTEM.
ID. G.. Reid Resigns an Office
and Rumors of Control
Change Fig.

Almost concurrently with the formal an
nouncement yesterday of the suspension
from the Stock Exchange OF the two board
members of the firm which gave out the
buying orders for 4o.0oo shares of Rock
Island common. the execution of which
caused the sensational movement in that
stock on the morning Of December q,
came yesterday morning a statement from
the Rock Island Offices. announcing the re
tirement OF Richard A Jackson from ofhcial
connection with the Rock Island system,
In which he has held high place, and the
resignation of Daniel G. Reid as chairman
of the executive committee Of the Chicago.
Rock Island & Pacific Railway Company.
the operating company of the system
The greatest interest was aroused in the
Street by this statement. which was at nrst
taken TO signify that Mr. T.eid was about
to sever all relations with the Rock Island,
In which he and ex-Judge William H.
Moore have for several years been the con-
trolling factors, and dispose of his stock
holdings in the property. The assumption
was that he and Judge Moore were about to
part company. perhaps as a consequence OF
Mr. Reds Identification with the Rock
Island stock market episode, as it was from
him that the big buying order in the COM
mon stock had come: and strength was
given 10 this assumption by the fact that
Mr.. Jackson. the deposed head Of the Rock
Island Company, whose early home was in
Richmond, Ind. where Mr.. Reid and the
late William b. Leeds lived before coming
TO New York, has always been regarded
as TO a considerable degree protege of
Mr.. Reid.
NO BREAK. SAYS MOORE
In ha ia
denied the reports that MIR. Reid was to
leave the Rock Island management. saying:
Mr. Reid and myself are working in per-
feet harmony. and reports of a disagree
ment between us have not scintilla OF
truth in them"
Neither Mr.. Reid nor Mr.. Jackson would
make any statement yesterday concerning
the reason for the changes in the manage
rnent. but there is excellent ground for the
belief that the elimination of Mr.. Jackson
vas not in opposition TO Mr.. Reds wishes
ii is understood that the two men had had
serious differences regarding certain per-
sonaI business transactions, and that Mr..
jackson retired as a result.
Mr.. Reid has been chairman OF the ex-
ecutive committee of the railway company
Only since December I, having succeeded B.
= Yoakum in that Office when the control
i
associates and the Frisco ceased TO be part
OF the Rock Island system. NJ. Reid is
still chairman of the board of the railway
company as well as director Of that cor
poration and of the Rock Island company.
The Stock Exchange house of Thompson
T. Towle & Co. issued news bulletin" yes
ferday saying that the control of the Rock
Island system had probably passed to in
terests headed by F. s. Pearson, the well
known electrical engineer. who is at the
head Of number Of large corporations in
Mexico and Brazil. The bulletin said in
part:
We have strong reasons for the belief
that the control Of the Rock Island has
passed from the Moore Reid interests TO
syndicate OF London-Canadian interests,
headed by +. S. Pearson, formerly of Bos-
ton. later of New York and of still later
years OF London and Paris. Associated
with Mr.. Pearson are Sperling &, Co, lead
ing bankers of London. ano several Canad-
fan banking firms. His latest enterprise
was the organization Of a $40, 900, 900 corpora
ton TO take over the timber and railroad
properties Of Colonel William c. Greene in
road, not only to the Pacific, but north
from Chihuahua to Ell Paso Here is
where the Rock Island Railroad may fit. in
connection with the Pearson-MeXican ope-
rations 1t only requires $4,000 Gen to
finance control of the Rock Island, and the
Pearson affiliations in New York, Canada,
London, Paris, Brussels, and Amsterdam
could make child's play NJ such financing.
We understand the absorption of Rock