The Washington herald., 1911-02-15

the hands of receivers and In the re-
habilitauon of the solvent, though nom
dividend paying, companies.
1t was known that Mr. Gould had dis
cusSed frequently resignation in favor OF
a practical railroad man willing to de-
vote his entire time to the road. and had
on several occasions come almost to the
point of rendering a formal resignation,
but always reconsidered and had wasted
valuable time in fruitless negotiation
over plans for Improvement of the Gould
properties.
As far as Mr.. Rockefeller was con-
Cerned, there was well SubStantiated
report that he was calling in Missouri
Pacific stock owned by him, though tenn
porarily out OF his possession, and that
his brokers were both borrowing the
stock and picking up proxies.
The annual meeting will be held in St.
Louis March Il. and it appeared from
the activity of various brokers that Mr..
Rockefeller would make a strong show
ing. He has long been holder of many
other Gould securities, in addition to the
bonds and stock of Missouri Pacific.
For instance, when the Western Mary
land went into the hands of a receiver,
IL turned out that Mr.. Rockefeller held
a large amount Of the bonds. A re-
OFSdulLdllbH CplllpOStu tHlhGly
of close Gould adherents was formed
soon after the receivers.
The ignoring of his interest in the
property is said TO have done much to-
ward alternating Mr.. Rockefeller from
the Goulds.
John d. Rockefeller has seldom been
long engaged in close cooperation with
Kuhn, Loeb & Co, though other men,
bers Of the old Standard Oil Company
long worked with that firm and the late
E. H. Hartman. Mr.. RockefelIer's posi-
tion has been entirely independent OF
alliances in investment Of speculation. He
was never believed to have had a part in
the huge market operations OF William
Rockefeller, the late II. H. Rogers, Mr..
Hartman and his associates any more
than he was directly interested in the
operations of any other Wall street fac
ton.
Kuhn, Loeb & Co. were as secretive to-
day as if a contest for the control OF
Northern Pacific had been in progress.
The firm would neither confirm nor deny
any of the reports in circulation 1t is
well known, however, that the firm has
long been endeavorlng both to secure a
more active management of the Western
Gould roads and to bring these roads
into closer working arrangements with
the Union Pacific system, which it repre-
sents as fiscal agents.
The Missouri Pacific proper controls
3,SSS miles of road, with principal terminals
at St Louis and Denver. 1t also controls
the St Louis Iron Mountain and Southern
and its subsidiaries and leased lines, ,2Ss
miles, running southwest and south to
FL Paso, Galveston, and New Orleans. il
owns as we'll 40 per cent of the stock of
the Denver and Rio Grande, which not
| only controls 2,59S miles of road, but owns
all the capital stock of the Western Pacific
with 927 miles more. The total of 1856 miles
of road, though some of it is poorly
equipped, makes a pretty stake to fight
| for, entirely apart from the advantage de-
| rivable from alliance OF the system with
the Union Pacific system.
Mr.. Gould was in his Office to-day, but
would say nothing about the reports of a
contest at the stockholders meeting.