New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-03-11
+. ]. GOULD GETS PROXIES
Begins Active Campaign Here in
Missouri Pacific Election.
UPSETS DIRECTORATE PLAN
George j. Gould Will Stick to
Kuhn. Loeb Rockefeller Com
pact, Brother Says.

| from the agreement entered into by him a
month ago with the Kuhn, Loeb Rockefel-
ler-Deutsche Bank interests in Missouri
| Pacific. under which the stock owned by all
OF the parties 10 the agreement would be
voted at the annual meeting for the election
| OF board of directors in which the Gould
holdings would be represented by four d.
rectors and those OF the new controlling In
| terests by nine directors. " Mr.. Gould
entertained any such intention. as there IS
ground for supposing. he has now aban-
doned it. since Il was authoritatively said
| yesterday afternoon that his holdings would
be voted with those of the other large inter-
ests IN accordance with the terms OF the
agreement the formal statement Of which
| was issued by Mr.. Gould himself. Febru-
airy Is.
Frank J. Gould issued statement last
night in which he denied that his brother,
George, was trying TO recede from his
agreement He also said that the report 10
this effect undoubtedly grew out Of his.
Fronk's. activities. The statement follows:
Frank J. Gould is one Of the largest indi-
vidual stockholders OF the Missouri Pacific
railway, and with other stockholders he
| believes that independent minority inter
ests should have representation in the new
BOARD OF directors He also has one
sixth interest in the Gould estate holdings,
represented by his brother. AS for his in
dividual holdings. outside Of those in the
estate, Mr.. Gould believes that il will be
better that these holdings, along With the
stock OF other investors in the Missouri
Pacific, be represented independently OF
other interests in the company.
Mr.. Gould stated that he merely gave
holders who desired such representation.
and after the movement was successfully
under way.
+. Lancaster williams OF :he firm Of
Micdendorf. Williams g. Co. Of Baltimore.
has secured sufficient proxies. Independent
~ Of Frank Gould's individual holdings, 10
be elected director Of the road For
many years Mr.. Williams. one of the most
ness men Of the South, has come in close
contact with Frank Gould in the Southern
Held. Mr.. Goulds investments n Virginia
are large, az are the investments of the
that, along with many other stockholders
nho gave their proxies. he felt that any
vote which Mr.: Williams would give on
the board of directors would initiate for
the beneft CT the property.
Frank Gould is convinced that very
considerable number OF stockholders are
cesirous Cor an Independent representa- ton
in the directorate OF the Missouri Pacific.
He believes such an independent movement
would prove healthy thing for the vast
proprty in which the Gould estate is the
largest holder
For this reason he gave his individual
PROXY to Middendorf. Williams & co. and
I has advised other holders Of stock 20 DO
! the same.
Mr. Gould was emphatic in declaring last
night that hints or suggestions that George
] Gould desired TO recede from any stand
previously taken by him. or that he was
directly or indirectly connected with the
| independent interest on the board, were
without the slightest foundation in fact.
r. Lancaster Williams. who was IN the
city last night, when asked about the mat
ter. said:
At the request Of q number of persons
owning a very considerable amount OF stock
/ of the Missouri Pacific Railway was re-
! ouested 20 serve on the board Of directors
( Of that company. representing independent
| interests IN tho property
We represent people who have put their
money in the property in good faith, and
are not particularly concerned either with
| the present management or with the bank
ers who are supposed 10 be endedvoring 10
secure control Of the property, but arc
| interested in seeing the property developed
| along progressive lines In such manner
as 10 bring about. as soon az possible. the
every one 20 be one OF the greatest systems
( Of railroads in the world TO-DAY.
| We have not had. and do not wish e
| the property. Our action is not antagonis
! tic to any Interest
! II we can. by representing the interests
/ Of our clients and connections. who arc
I stockholders Of this road. assist IN the de,
! velopnent Of the property along broad and
progressive lines we shall be glad to do go,
The new board Of directors, as agreed
uron by George ]. Gould and the banking
interests. was ~ consist Of the following;
George !. Could. chairman: FREDERICK /
Gates. Cornelius Vanderbilt L. 7. JEFFREY.
Paul ". Varburg Edwin Gould, Edgar j.
Marston. Kingdom Could. f. D. Adams. j.
| J. Slocum w. h. BiXby and O. J.. CAR
| rison A vacancy was left for the new
| nresident TO be selected TO succeed MT.
| Gould. who agreed to retire from the head
OF the road as soon as suitable man couid
be found to take lis place.
All Of these men. except Messrs. War
! burg Adams and Marston. are already d.
| roctors The four who were TO retire under
the agreement 60 make way for three new
members and 10 leave a vacancy FOR The
new president when he Is chosen were
| Howard Gould II. NJ. Galloway. Charles ,.
| Clarke and $. +. Pryor, all OF whom are
| Gould men OF the new men agreed upon
| for the board. Mr.. Warburg Is a member
Of Kuhn. Loeb & Co; Mr.. Adams IS the
| commemorative in this country OF the
| Deutscbe Bank. and is also one Of the
| trustees OF the Missouri Pacific consolidated
mortgage bond issue. and Mr.. Marston is a
member Of Blair & Co. and IS also under
stood TO he a representative OF John ID.
| Rockefeller who already has one repre-
sentative on She board IN the person Of
Frederick r. Gates.
There will be some change in the mem-
| borship Of the directorate, as agreed upon
nv Mr.. Gould and the Rockefeller Kuhn.
Loeb banking interests, owing 10 tho en-
trance into the situation Of Middendorf,
Williams & CO.. Of Baltimore, who are act
ing Tor Frank J. Gould.
r. Lancaster Williams has been actively
identified with various corporate interests
IN the South and West. lie vas mem
her of the committee representing the NIL
! rori,v stockholders OF the Northern Cen
! trail Railway in the negotiations with tho
| pennsylvania Railroad. the holding com
| many. which resulted in lease 10 the
| Northern Central. He Is q director in a
number Of traction companies in the South.
T. L. Chadbourne. jr., counsel for Ny.
| Could. refused yesterday 20 discuss the re-
norris that the latter had contemplated
withdrawing from the ACRE ement made
with the Rockefeller Kuhn. Loeb-Deutsche
Bank interests All he would say was that
"thcre was no cause for friction between
Mr. Could and the interests referred 10.
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