New-York tribune., 1911-01-12
NOT TO QUIT MISSOURI
PACIFIC, GOULD SAYS
Report Of Coming ReIinquiSh-
ment of Presidency Persists,
Despite Denial.
SAY TRUESDALE GOT OFFER
But Head of the D., L. G. W., It
Is Declared, Declined Place
at Salary of 100000
a Year.

George ]. Gould, il was said In we'll in
formed banking circles yesterday, would
soon retire as president Of the Missouri
Pacific Railway Company, the only one
Of the Gould system Of railroads in
which he is still dominant.
Mr.. Gould himself denied he was abSdt
70 retire from the presidency Of the
road:
III am going to resign I don't know
anything about it yet ] haven't heard
Of il: tho report is not true" was the re-
ply he sent ont by his secretary in re-
sponse to inquiries regarding the ru-
NOR,
Nevertheless the report persisted, and
member Of the banking house that has
been closely identified with the financing
of some of the Gould properties said that
unless Mr. Gould Changed his mind
overnight" his resignation would short
" ho placed I'm the hands Of the board
Of directors He added, however, that
the Gould interests still controlled a ma
iority Of the stock and that Mr.. Gould
could not be forced out"
The report in financial circles was that
Mr. Gould would be succeeded by rep
rescntative Of the Rockefeller Kuhn.
Loeb interests The firm Of Kuhn. Loeb
e. Co. financed the last bond issue of the
Missouri Pacific, and It was understood
10 . ho a,th
stantisl stock interest in the property.
GouIds to Retain Interest.
The Could family, It is said, will not
part with their stockholdings in the road
in the event Of Mr.. Gould's retirement
from the presidency, but il is expected
that their representation i'm the director
ate will be materially reduced and that
of the Rockefeller Kuhn. Loeb interests
correspondingly increased.
The present board of directors OF the
Missouri Pacific is made up as follows:
George J. Gould Edwin Gould, Edward
T. Jeffery j. ]. Slocum. Howard Gould.
Fred r. Gates, Frank J. Gould, Kingdom
Gould, r. NJ. Galloway, Cornelius Van
derbilt. Charles s. Clarke, O. l.. Garrison
and w. K. Bixby.
w. II. Truesdale, president of the Del
aware Lackawanna & Western Railroad
Company. II was reported, had been
offered the presidency of the Missouri
Pacific. at salary of 100000 a year,
and had declined it. No official con-
firmation Of this rumor could be OBJ
tanned. but it was pointed out that the
Rockefeller interests, who are influen-
tial in the Missouri Pacific, are also in
fluential In the Lackawanna.
The belief in railroad circles is that the
Missouri Pacific can be made one Of the
best systems in the West, and the en-
trance Of new blood into the manage
ment, it is thought. will go a great way
toward bringing about this condition.
the ambition Of constructing an all Gould
line between the Atlantic and the Pacific,
but he definitely abandoned all hope OF
constructing such a system after the
Wheeling & Lake Erie, Western Mary
land. the International e. Great North
ern and others OF the Gould lines were
rlaced IN the hands of receivers in 1905.
He began the construction of the West
crn Pacific. which has only recently
been completed and put into operation,
with the intention Of making that road
The Western outlet of the Gould system.
The road runs from Oakland. Cal. to
Salt Lake City. where it connects with
the Denver & Rio Grande, another Gould
rropcrty. which in turn connects with
the Missouri Pacific at Pueblo, Col.
All that was needed thea to form an
all Gould line from ocean to ocean was
the construction Of line from Pittsburg
to connect the Wabash system with the
Western Maryland. and Mr.. Gould had
nroiect for constructing such a line be-
fore the receivership proceedings put an
end 10 his plans
II was Mr.. Goulds decision to build
the Western Pacific, which is direct
competitor Of the Union Pacific and
Southern Pacific systems, that led TO his
falling out with i. II. Hartman. The
friendship between the two men was not
renewed until Mr. Gould definitely aban-
doned his plans for a transcontinental
railway system.
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