The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-12-26
COLLECTOR LOEB
SOON TO RESIGN
He Will Become Associated With
the Guggenheins in an Execu-
tive Capacity.

New York. December 2J.-WiIliam
Loeb. II. is 70 resign as collector OF
the port early in the now year to be-
come associated with the Guggenheims
in an executive capacity Arrange
ments to this end. i; was learned ve,s-
to-day. have already been consum-
mated. and NJ. Loeb's resignation. =
not sent in sooner. will certainly be
~ the hands Of President Wilson by
March !
The definite determination Of Mr.
Loeb 5 futuye after leaving office. which
ne would naturally do in any case
upon the incoming Of the Democra IL.
administration. has been preceded nv
many rumors that he would become the
mead or one or another bank or trust
company. but Mr. Los. il is Nnder-
stood among his friends. preferred an
out -and-Out business occupatfon
Mr.. loebs work for the Guggen-
helms VIII h administrative rather
tnan technical and il is expected that
MS capacity for organization and for
handling men. as shown BY his work in
the custom house and elsewhere. will
stand MIN in cood stead in mis- now
SURROUNDINGS lie will have to do with
tne tuZSennrim interests in all tnei-
ramihcatiOus and IL was remarked vcs-
terday tha- ise probably would have
10 put 90 ms FIRST six months fam~-lr-
i~inE hiinScif WIKI the extent and geo
graphical location OF these interests.
NAltn are World Is lle
u could not 10 learned definitely
yesterday just what salary NJ Loeb
VIII receive. hut 8; is known that u
VII largely exceed that 81 his present
position. which is $1,000 a year His
headqusrters vii be- 10 New York
Nj Loeb has long had an interest
in the West. srOwiug out Of huutiu.
and fishing trips ia Colorado and Mon
tana. and % is sid that his desire.
once DO - through with politics. j. %
cHgage in development work on larze
scale. such - the enterprises & tho
Fugsenheirns ir Western copper min
ine and in opening ~ the natural re-
sources Of the country. - well a.
abroad
Nr Loeb has been .n the public
CSC ever since Theodore Roosevelt So
coded TO tHe presidency on che death
~ VI kirisy Before that he Lad becn
10 rotary fO iso YSeFclf as Governor -
N'w York. after several years spent ~
% sffn02ra picr - various Stlfe ofii -
-ia.e Whom Roosevelt bccar1a Vice
Fres.lf.f Loeb vent fr WafN .utctHrI
DO hir. and ap0n Hooscvclt's bccoru -
r- PEGS dent ls was agsisfauf 90
'f"nrlr y Corfflrou for year or Two
lEtr 81 f0rfcl you went into thc cab
rNf lrl Sir. Loeb became ge.rtta.r o.
fNf President. Ut. torteiyou pre-
ri'd hin into business pursuit.. fat -
.na Hecom. president 81 the csf.soii
lated Gas Company several years ago
is ssrrctarv 20 President Roosevelt
hf Loeb became well known. espe-
rialit ss tie Official denier 81 store
said f0 have erlsuafed from the White
House Nar. burdens were thrown Iu
Dds e1oIideIs. and Do was sometime p
rfierred o. - Job the poor Indian.
So ffr end q President Roosevelt =
CO.. I'd term NJ Loeb had several bus
'nrss offers under cons derstion. and %
49, rcp5rte1 that Ne vs. 10 orcornf
r-c-ife-' - the local traction company
fu Washington. VI fyceb ga 0erous
e director. and stili a. but before any
thing further was done he was ap-
pointed collector 81 che port Of New
J ! yrk BY President Taft