New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-24
ash FOR GOULD LINE
,,or 3 Co. Take S20,0 00.0 900
w. . Missouri PaCifiC'S Notes.
,u,usEs AMONG OFFICERS
Now Clear of Floating
..,t and Has 100000
for improvements.

action IN the direction Of
,-9N =. Missouri Pacific Railway sys-
F''gns % standard was taken YESTERDAY
r. W .,-sc,ors. in authorizing the sale
+ q, "a aae three year s per cent notes
Z VI & Co. approving the purchase
: So ,ons of steel rails and twelve
Il ...s a,d making several changes
re higher executive officers. The
|rN .state. il was announced. stood
81 ADVANCE 100000 70 the COM
r. .,sver need might arise
II ner cent secured gold notes sold
& co. are 70 be dated June :.
II n, NJ issued subject 70 the approval
" rensas and Nebraska railroad
+ 80 and 70 be secured by a coll
,-,st agreement with the Union
81 -,-,nsrv Of New York. as trustee.
Gil be pledged as collateral Sc
.,~ ,,a 500. 600 600 notes Si0.0O0.00o
So Of the con1pany's first and re-
80 mortgage nft,-year non-convert-
a. cert gold Bonds. series e. Ard
~ notes q the 81 Louis. Iron
- & southern Railway Company
$40 o'0. is ued 70 the Missouri Pa
4. ,ors,deranon 81 indebtedness in
~ moneys advanced b. the Mis-
v,-.+, and expended BY the Iron
Z - C'mparv since February Is. 1905.
..r ACQUISITIONS. extensions. better
,rd equipment or the Iron Noun
r,mraavs railroad ard property.
80 the construction and acquisition
.s..io-a, railroads and property Of the
| v-nta.n Company. as certified 70 by
| I. ws,ereouse & Co. There were also
a. o. 900 shares Of preferred stock
,,sra1 shares Of common stock Of the
- BIO Grande Railroad Company.
| "A '0 shares ~ the capital stock OF
| fs.ss & PactA, Railroad Company
,,-.parv has the right TO increase
sns Of notes from $4,000 600 10
4, .so and Il The additional $1,000 600
- issued there shall be pledged as
-s,r additional collateral 10 he ap-
r. r. spever & Co
addition n mis- financing arrangement
Ssua estate pledged itself 10 advance
| >. N.sour. Pacific. on It's can. the
geocl0 a. such tine ard IN such
.z-,s as speyer 81 Co might request
PAYS Of Floating Debt.
I. anarcins outlined. If was announced.
3uss the present floating debt Of the
ss,i Pacific and with what II now has
s,s supplies 10 with S5.000.0o0 for i'm
s~-ssts. bettsrmerts and general cor
~ Purposes II also leaves a substan-
tusunt Of securities in the companys
a.sy as free assets.
7 Miller. formerly president Of the
sssa q Eastern Illinois and Evansville
rsrs Haute roads and now receiver or
3n9slo 6 SusQuehanna. who a few
n sgo was elected a director Of the
s,zi Pacific q succeed Cornelius Van
ssf vas az the request of George j
sx chairman. appointed By the board
r.orss.aent and member Of the executive
nnttee. with Offices in this city. 10 sup
gent the ohairmsn's work for the COM
X and 10 advise with the executive
r-.ttee ard the board in Mr.. Gould's
Is
President Bushs request Z. J. Pier
since 1906 chief engineer Of the Chi
4 Milwaukee & St Pau Railway Com
-. was appointed first vice-president
e headquarters IN St Louis Mr.. Pier
vso IS Mr. Bushs selection as chief
,.st1g officer Of the Missouri Pacific.
BAD thirty years experience in railroad
sston his FIRST employment having been
c. Missouri Pacific engineering depart
y :. lssL From 1884 until 1892 he was
u service OF the Northern Pacific in
Dz Offices. and then for TWO years he
{ With the Wisconsin Central and other
si returning in 1894 TO the Northern
sE Q. which he became chief engineer
,E
Cuts Rental Expenses.
- bard a. the request Of President
appointed John Drew controller OF
G.ssi Northern Railway Company 10
s,s's auditor in place Of 5. z. Schuy-
"a also a. Mr. Bush s suggestion, de-
= 70 move the -. Louis Offices Of the
s'sly INTO Jess expensive but equally
es-.sa, quarters
z $50 tons Of rails which the board
e % buy viii be used for replacement.
= construction Of sidings 10 accom-
1s large Industries which are growing
i'ss iae lines Of the system. and for
as tracks
slsh said after the meeting that one
arg moves would be the increasing
saop force which would be brought
ao-ma. and that all defective cars
q sent promptly 20 the shops 70 be
70 condition for use He was not
= 20 specify The particular better
Pliposes ~ which the funds 70 be de-
non the sale of notes would be ap-
'-'iher tnan no say that whatever
1s'-Ie was necessary 70 develop the
w Pacific into a railroad Of the hrsr
ToaN b made