Daily Kennebec journal., 1911-02-16
Pressed by Rockefeller and
loeb-Kuh0 Interests.
Other Members Of The Gould
Family Also Step Down.
Gould Issues Statement still
Chairman Of Directors.

New York, Feb. i1.--Presscd by the
Rockefeller and Fuhn-Locb interests,
George J. Gould IS shortly u relin-
quish the presidency of tho Missouri
Pacific Railway Co. position in
which his father. the late jay Gould,
placed him Is ycars ago. He will be
succeeded by y railroad man. not yet
publicly named. who To quote one of
the new interests in Missouri Pacific.
will Eat, drink and sleep on the lob ="
Mr.. Gould himself announced his
forthcoming retire ement which will take
place just as soon as his success sor
is chosen. The fact that Mr.. Gould
will become chairman of the board
does not alter opinion generally held
in financial circles that today's de-
velopments mark the passing of the
railroads with which the name Of
Could has for SO many years been
identified
Runners foreshadowing tie change
have been current for weeks and
more recent developments indicated
that a spirited contest was To be-
Waged for control of the stock. Sew
eral consultations We're held today
and With their conclusion. at a time
too late to i3av" ary effect on today's
market. Mr. Goud'S statement was
issued 1t tells not only of the forth
coming resignation as president, but
of thc intended simultaneous retire
ment of the other members of III"
Goald faction and family in the direc-
,ora:,. This puts an end To all prob
lbitity ri a contest. Mr.. Goulaas stale
ment follows:
Mir Gould in his statement sad:
IN respect 10 various rumors of con-
tiict for the control of the Missouri Pa
cifc Railway Company. Mr.. Gould states
that there is and Will be no controversy
between controlling interests: that II has
long been his intention, known to Mr..
Rockefeller and Messrs Kuhn, Loeb K
Co. to retire from the presidency Of the
company as soon as the corporation could
obtain the services OF the best equipped
railroad man to take his place; that the
offer of the position was made many
months ago with the approval of his asa
Soeiates to a railroad man of the high
est standing who was unable to avail
himself OF it; that ever since various men
have been under consideration and discus
sion and it is hoped that a selection will
be made in the Very near future. Tho
stock owned and represented by the in
tercsts referred to will be voted at the
annual election for the following d-
rcctorS:
George ]. Could, Frederick T. Gates,
Cornelius Vanderbilt. L. #. Jeffrey, Paul
H. Warburg Of Kuhn. Loeb & Co, Edwin
Gould, Edgar L. Marston Of Blair & Co,
Kingdom Gould, L. T. Adams, representa-
tive in this country of the Deutsche
Bank, J. J. Slocum, ". X. BiXby, o. l..
Garrison of St Louis and IA vacancy left
for the president to be selected, who is
to reside in St Louis,
Mr.. Gould will become chairman Of
the board of directors
Mcssrs. Warberg. MarSton and Adams
will take the places in the directorate
now held by Howard Gould. :. e. Clark
and s. +. Prior, the latter two Of st.
Louis.
Mr.. Gould and his associates are now
the accredited owners of Missouri Pa
cific, controlling. it is said, between 800,
0i0 and 10000 shares OF the total capital
stock of approximately S30.000 shares. MI
Gould is credited with .5h,o00 shares.
Kuhn-Loeb interests are said to hold
10000 TO $4,000 shares, and John u.
Rockefeller from ,5,090 to 1000 shares.
Stock of Missouri Pacific sold at AZ OH
Jan. II and since then has risen il points
on an increased volume of trading. To-
day it sold at g..