Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-02-16
MISSOURI PAC|F |C
To HAVE NEW
PRESIDENT
RAILROAD MAN SLATED
TO SUCCEED GOULD
Believed Change Forecasts Dis
appearance of Famous Fam
lily in Transportation Affairs
of Country.
IBy Morning Journal Special Leased Wire


IBy Morning journal Special Leased wireI
New York, Feb 15.-Pressed by
the Rockefeller and Kuhn-Loeb In
terest. George j. Gould is shortly to
relinquish the presidency of the Mis-
souri, Pacific Railway company, po-
sition in which his father, Jay Gould,
placed him eight years ago. He will
be succeeded by railroad man, not
yet publicly named, who, to quote one
OF the new interests, will eat, drink
and sleep on the job"
Mr.. Gould himself announced his
Forthcoming retirement which will
take place just as soon as his success
sor 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 todays develop
ments mark the passing of the Gould
influence not only Missouri Pacific,
but In other railroads with which the
name of Gould has for so many years
been identified.
Rumors foreshadowng the change
have been current for weeks and more
recent developments indicated that a
spirited contest was to be waged for
control of the stock. Several confer
ences were held today and with their
conclusion, at a time too late to have
any effect on today's market the
Gould statement was issued.
II tells not only of George Gould's
forthcoming resignation as president.
but of the intended simultaneous re-
tirements of the other members of the
Gould faction and family in the direc-
torate.
This puts an end to all probability
of q contest.
Messrs Warburg, Marston ami
Adams will take the places on the di-
rectorste now held by Howard Gould.
IS. C. Clarke and S. f. Pryor. the lat
ter two of st. Louis.
Much interest centers about the Sc
lection of Mr.. Gould's successor and
rumors current in Wall street this af
ternoon mentioned several railroad
men connected with some of the lead
ting southwestern systems. He will
have almost unlimited powers and VIII
be given every chance to build Mis-
souri, Pacific up to the highest stand
ard of efficiency. What is no less i'm
oortant his headquarters will be 1T
st. Louis, the logical and strategic
base of the system. Kuhn. Loeb and
company. and Blair and company,
have previously had financial re'H-
.ions with the Gould roads. as has
also the Deutsche Bank of Berlin Ger
many, but never before have these in
terests been represented on the board
of any Gould property. The selection
of Mr.. Warburg was doubtless deemed
advisable because of the prominence
of other Kuhn Loeb partners-Otto II.
Kuhn and Mortimer L. Schiff-in the
affairs of the Hartman lines. TIE
selection of q representative OF the
Deutsche bank gives the announce
ment a tinge of international impor-
tance.
Missouri Pacific was the feature OF
today's stock market and its feverish
course at times unsettled the general
list.
Tt advanced to SO on heavy buying
orders in the first hour. but before the
end Of the day lost all but small
fraction of its early gain. Trading In
the stock aggregated about 10000
shares or one-fifth Of the days total
operations.
The Missouri Pacific system takes
in 1886 miles including 1856 miles
Of the Missouri Pacific proper. S,2Ss
miles of the st. Louis. Iron Mountain
and Southern and its leased lines. the
Denver anc Rio Grande with 1888
miles OF owned or controlled lines and
the Western Pacific with 927 miles.
Though George Gould has been pres
ident eighteen years, he seldom visit
ed the property.
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