The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-02-16
Missouri Pacific Railway Control Ap-
pears to be in the Hands Of
Rockefeller and
Others.
CHIEF WANTED
Offer Of Presidency Of Road is Made
to Truesdale But He Has De-
elined to Ac-
cept Il.

the Rockefeller and Kuhn-Loeb inter-
ests, George j. Gould is shortly to re-
linquish the presidency of the Mis-
souri, Pacific railway company, posi-
ton in which his father. Jay J. Gould
placed him eighteen years ago.
Mr.. Gould himself announced his
forthcoming retirement, which will
take place as soon as his successor is
chosen.
The fact that Mr. Gould will be-
come chairman of the board does
not alter the opinion generally held
in financial circles that developments
mark the passing of the Gould influ
ence. not only in Missouri Pacific. but
in the various other railroads with
which the name of Gould has for so
many years been identified.
Rumors foreshadowing the change
have been current for some time. At
time too late to have any effect on
the market. Mr.. Gould issued state
ment which puts an end to all proba-
bility of a contest for control of the
corporation. The Gould statement in
part follows:
In respect to various rumors of a
conflict for the control Of the Mis-
souri, Pacific railway company, there
| is not and will be no controversy. 1t
has long been Mr.. Gould's intention,
known to Mr.. Rockefeller and Messrs.
I Kuhn Loeb g Co. TO retire from the
presidency. The offer OF the headship
of the corporation was made months
/ ago to railroad man who was un-
able to avail himself of it. Since that
4 time various men have been under
i consideration and discussion and 1t is
4 hoped that selection will be made in
the very near future
! The stock owneI and represented
4 by the various interests will be voted
/ at the annual election for the follow
, ing directors:
4 George j. Gould, Frederick T. Gates
, Cornelius Vanderbilt, q. T. Jeffrey
: Paul NJ. Warburn, of Kuhn-Loeb &
i Co.. Edwin Gould, Edgar l.. Marston
, of Blair & Co.; Kingdom Gould, e. T
, Adams, representatives in this coun
: try of the Deutsche Bank Of Berlin;
IJ. j. Slocum, W. X. Bixby, 0. L. Gar
, rison, of st. Louis. and vacancy lef'
for the president to be elected.
: Mr.. Gould will become chairman o
| the board of directors. The retiring
Z members of the board are Howard
a Gould Charles S. Clark and S. +
: Prior They will be succeeded by Pau
! Warburn and Edward l.. Marston ant
: the president OF the road when elect
ed.
i The offer of the presidency OF thu
e Missouri Pacific was made to William
+ n. Truesdale, president of the Della
ware, I.ackawanna and Western rail-
t road. several weeks ago, but declined
Mr.. Gould's successor will hay
Z practically unlimited power HI
( headquarters will be at ST. Louis. Th
y Missouri Pacific system takes in ~
S s9s miles, including $3.50 miles OF tn
]. Missouri Pacific proper, 3.2SS miles Q
" the St Louis. Iron Mountain an
y southern, and Denver and Rio Grand
8. with 2.59S miles, owned or controlle
Q by lines, and the Western Pacific
t. with 927 miles of road. Though Georg
II Gould has been president for nearl
twenty years, he seldom visited tn
g property.
n Elliott Is Mentioned.
n NEW YORK, Feb ia rumor ]
e current here that Howard Elliott ma
'e been rendered the office of presiden
d of the Missouri Pacific to succee
N George J. Gould.