The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-02-16
GEORGE GOULD GIVES UP MOP.


the controlling interests; that it has long
been his intention. known TO MIR Rocke-
feller and Messrs Kuhn. Loeb 4 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 oNer oi III"
position was made many months ago. with
the approval of his associates TO n railroad
man Of the highest standing. who was
unable to avail himself OF il that ever since
various men have been under consideration
and discussion, and II Is hoped that a So
lection viii be made in the worry near future.
The stock owned and represented bv the
interests referred to will be voted AZ the
annual election tor the following directors
George i Gould, Fred I. Gates. cornelius
Vanderbilt. y T. JcfTerv. Paul WHrhurg
Of Mcssrs Kuhn. Loeb & Go Edwin Gould,
Edgar |. Marston of MeSsr- Blair 4 Go
Kingdom Gould. r u Adams. H." repre-
sentative in this country Of the DeutsChe
Bank; i i Slocum. W X .BiXby. q. /.
Garrison uhc latter two of ST Louis and
vacancy left for the presiden to he So
lcrtad. who is to reside IN -. Louis Nj.
Gould will become chairman of the board
of directors.
According to this statement the retir-
ing directors will be G.. 5. Clarke. one Of
X. NJ Galloway. pronounced Gould
adherent; II B. Henson. another; Frank
J. Gould and Howard Gould. brothers Of
George J Gould. Gould representation
will still be maintained on the board,
but though substantial II will be mi
nority representation. and Gould stock
and bond holdings will till be heavy, hut
they will he minority holdings. Control
is to be vested in the association of men
who have brought about tho change and
they will select the new president.
Yesterday these men let il be known that
they hoped Howard Elliott would accept
the presidency He is president of the
Northern Pacific and has a very fine job
now. But it was explained that as
president OF the Northern Pacific a man
must be more or less subordinate to James
j Hill, even though he be as we'll quail
fled as is MIR Elliott ID paddle his own
canoe, and the new management of Mis-
souri, Pacific offers man free hand -
build up a very large railroad system, one
even greater in its poientialities than Is
Northern Pacific.
Whoever he is" said one Of the anti
Gould men. -the new president will he a
man who lives on or near the road He
will live and work Thousand miles from
Broadway He will have charge of the
greatest undeveloped piece of rairoadinc
in the world There is big railroad
system. with lines from 81 Louis to San
Francisco. to Gulf ports and through ali
the extraordinarily rapidly developing
country of the Southwest. and this sys-
tenn alone of the big railroads of the
-,,l ~.
growth of the country for fifteen years.
II is job TO fire any mans ambition
II was authortatively said that no
other Gould road is concerned in the
| transaction. The troubles of the Wabash
Wheeling and Lake Erie and Wabash
Pittsburg Terminal have no relation
10 the Missouri Pacific. Mr.. Gould once
proposed TO link all his railroads together
into one big ocean to ocean line. That
idea the new managers will not enterta
The system will end at 81 Louis. There
is enough money TO be spent in replace
ment. Improvements. equipment and SO
on. and the idea of extensions is not to
be Entertained. On the system as il is
now routed it Is estimated that there ia
five years work to be done N an eXpendi-
ture which NAV be conservatively esti-
mated at more than $3.50. 900, 900
1t was also declared that the interests
of the Missouri Pacific will not be sub
ordinated to those of the Union Pacific
II was Of course admitted that there will
be no fight except the fight for ira ffic.
the same bankers being influential in
both systems. But the expression was
that each system could be developed
cont inually in a manner better TO serve
the traffic requirements of its sections
and that each could thus help the other
I'm the still growing West and South
west said one of the bankers. there
is room enough for everybody"
Ordinarily the offices Of Kuhn. Loeb
Co. are like those OF most Of the big pri-
vate banking houses here and abroad
quiet and decorous, so that fallen pin
sounds like a rife shot. There was no
loud noise in the Kuhn, Loeb Offices yes
terday, only an occasional remark and
laugh which seemed hilarious by con-