The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-01-14

New York, Jan. 1s.-Changes in the or
ganization of the Rock Island Company
and its subsidiaries were announced to-
day In consequence Of the retirement of
r. A. Jackson from the presidency. con-
/ currently with the suspension OF S. B.
Chaplin & Co. from the stock exchange.
The stock exchange authorities also
| helped 10 straighten out the tangle by
| giving out brief summary OF the facts
as learned IN the investigation. They had
never before gone 50 far IN the way of
publicity, but the statement. contrary to
| expectation. was confined to the opera
tlon Of men inside the exchange. Moth
ing at all was said as to the source Of
the buying orders which produced the
! skyTocket movement on the Monday after
Christmas.
| Mr. Jackson stepped down and out not
| only from the presidency. but from all
| other connection with the Rock Island
| system. His other official positions we're
/ director. member OF the finance commit
| tee. chairman Of the executive commit
| tee, and director and general counsel OF
| the Chicago, Rock Island and Pacific
] Railway Company. Roberts Walker. as
| sistant counsel for several years, was
| chosen 10 succeed Mr.. Jackson IN all these
positions.
Loses Friendship of Reid.
| Mr.. Jackson and Daniel G. Reid. one OF
/ the original and most prominent mem
| bers Of the Rock Island Company had
/ long been boon companions, as well as
/ close business associates. Both were born
/ In 1855 In Richmond. Ind. which was also
/ the native place Of the late W. 3. Leeds.
| They were close friends as boys. and Mr..
/ Jackson was Mr.. Reds attorney when
/ they started IN business. When Mt. Reid,
/ Mr. Leeds, and the Messrs. Moore secured
/ control OF the ROCK Island AIT. Reid
placed his friend n the legal department.
and when last April Robert MaJher re
/ signed as president and general counsel,
/ Mr.. Jackson was brought here from Chi
| cago and given these Offices. He has ac-
/ companled Mr.. Reid on most OF the lat
| ter's trips abroad IN recent years. and
/ up 20 recently had been constantly on
the most intimate terms with him.
Neither Mr. Reid nor any other officer
| OF the company would discuss to-day Mr..
| Jackson's precipitate and UnceTemonious
withdrawal, nor would Mr.. Jackson say a
/ word in regard 10 II. II the breach was
caused by the stock operations on the
/ day OF the scandal the principals In the
! transactions had certainly decided 10 say
nothing Of the circumstances Of their
operations.
Speculation of Son.
Mr. Jackson has a son. Fielding Jack
son, we'll known IN the colleges as a
I Yale baseball player a few years ago.
| Fielding Jackson IS a floor trader on the
stock exchange. He was asked to-day TO
comment on various reports concerning
/ his purchase Of Rock Island stock on the
morning Of the furry, and particularly
regarding a report that he had bought
1000 shares for his own account and the
account Of friends In the Racquet Club
After consultation with his father he an
nounced that both had decided 10 say
nothing al all
on account OF the previous friendship
between Mr.. Jackson and Nj Reid, # was
assumed Immediately after Mr.. Jackson's
resignation that Nj Reid was also TO
retire. II was officially stated that there
was no truth in this assumption. IN the
reorganization Of the Official stan MI
Reid remained chairman OF the board Of
directors Of both the Rock Island Com
pany and the Chicago. Rock Island and
Pacific Mr. Reid, It was declared. VIII
remain in active official connection with
the company as in the past. Judge lLoOTe
supplemented this information in the fol-
lowing statement:
Mr. Reid and myself are working to-
gether In perfect harmony and reports
Of a disagreement between US have not
a scintiIa OF truth in them
Mr.. Walkers Connections.
Reports that an English syndicate had
been formed 20 take over the control Of
the company were denied with similar
emphasis.
Roberts Walker, Mr.. Jackson's success
sor. IS but thirty-five years old, He was
born IN Rutland. Vt. the son OF Aldaoe
Freeman Walker, the nE6t chairman OF
the Interstate Commerce Commission, and
once general counsel for the Atchison.
He was graduated from Amherst in
1896 and from Columbia Law School IN
1889 IN 1904 he was made assistant to
the general counsel Of the Rock Island
under Robert Mather, and was promoted
to the office Of assistant general counsel
when Mr.. Mather left the Rock Island 10
become chairman of the directors Of the
Electric and Manufacturing Company.
Mr.. Walker is a member OF the Union,
Republican, and Railroad clubs. and the
Loyal Legion.
The offices OF S. B. Chaplin & Co, the
suspended firm, were open to-day, and
the firm did the customary business in
cotton and grain In the UsEal manner.
LOCAL GRAIN MARKET.