The Cairo bulletin., 1911-04-19
bush PRESIDENT
] Of MO. PACIFIC
ALTHOUGH FORCED OUT OF Pc.
SiTloN HIMSELF, GEO. J,
GOULD IS IN cO;:11.J-.
TWO DIRECTORS RESIGN
Goth Sides lssac Statements Defend
i'm Their Tus tiors--eush Now
With Eastern Ma yiand
Railroad.

New York, April i$.-Alihousi.
lou d oat OF the position Huns, Il.
Gee go J, Gould opposing the hocA~-
teller.Kuhn-Loeb interests, cause
ne evuou to4ay of 3. +. Bush ~
president of the Missouri Pa iiic, dc
eating David II Francis, form + goy
,rno. OF Missouri, AID secretary o,
the Interior under President Gleye
! nd.
Mi, Ersh is president OF the Last
cra Maryland railroad.
The victory OF he Could factor
gTas followed by the announcement
Of the Kuhn,Locb Cos withdrawal as
EanEegs OF the system ana w...l the
Feglg1atioas of Paul McWarDurg. the
conpany's representative on the
board, and OF Cornelius Vanderbilt,
an ally.
Elgar l., Marston, representing
Blair and Company, Fred 2. Gates.
representing Rockefeller, and A. p
Adams, OF the Deudsche Bani, votcc
against Mr.. Bush, but did not s2yel
their connection. II is rumorcd tina;
Messrs. Adams and Marston also viii
resign, although this cannot be co..
firmed.
George Gould and the kuhn-Lool
and Go. issued statements explalniat
their sides of the case, Mr. Gould r.
GREETING the withdraw: c. ;le Kuhn
Loeb and Co., but congRtulatins
them upon the selection of MI.
Bush.
Kuhn.Loeb and Go. explained the.
did not favor Mr.. Flush and because
OF his selection Messrs. Warburg and
Vanderbilt felt unwilling to share the
responsibility of the management OF
the company under these clrcum
stances,
Mr.. Gould's Statement.
Mr.. Gould in his statement says:
The board has | think, maze a
wise choice in selecting B. F. Bust
as president. He is familiar WITH
conditions on the line and with at
fairs Of the company gained while IL
its employ some years ago. was
much Influenced in my advocacy OF
his election by the results he has AT
tanned in his administration of tnt
Eastern Maryland property and BY
tie esteem in which / knew he was
.eld by Mr.. Rockefeller who is SC
largely interested in the Eastern
Maryland and who ne4& to our fam
lily is the largest stakeholder in the
Missouri Pacific.
My personal relations with tht
members Of Kuhn-Loeb and Co. have
been so pleasant that ! was reluctant
10 conclude that the continuance 0.
that firm as bankers for the propert!
was not to the corporations best in
terests. part with then -9:th per
sonal regret
Their interests in the Union ant
Southern r'aciflc both essent!aii,
competitive lines, made a continu
ance OF their relationship as bankers
in my judgment inadvisable for the
stockholders OF the Missouri Pacific
as well as fer the public Lately
when they advocated the election OF
former Gov David r.. Francis TO tAt
presidency of the property coult
not but feel that thenr influence has
not a healthy one for the property
for though Gov. Francis :.as my res
pegt as a public man, his efficiency
as AK road operator was 20; quite
50 apparent TO ne" 7
As given out by Kuhn, Loeb ant
Co., the vote stood to in favor 0
Mr.. Bush Those against MIN were
Messrs. Warburg, Vanderbilt, Adams
Marston and Gates, ~
~ a member of the board said aftel
the meeting that the opposition tt
Mr.. Bush was founded on that he
wchld not command the support OF
the banking community and that he
had not sufficient experience in hand
ling Large properties.
Market Demoralized.
Missouri Pacific was the pivot 81
an excited and demoralized market
all day. Wall street had intima
lions that the board meeting would
not be harmonious and the whole
market declined violently as a con,
sequence
When George J. Gould retired from
the presidency it was generally I'm
derstood In Difference to the bank.
ing sentiment he would permit the
Rockelellers, Krhn-Loeb and Wander
bilt holdings to assume larger
share In the handling of the road