The Canon City record with which is consolidated the Canon City cannon., 1912-01-11
B. +. BUSHl.
NOW HEAD
OF D. & R. c.
Z. L. JEFFERY SUCCEEDS GOULD
AS CHAIRMAN OF DIREC-
TORATE.


of the Missouri Pacific railway, to the
presidency of another Gould road, the
Denver and Rio Grande, marks the
elimination of rumors long current
respecting the latter property.
1t also effects closer connection
and identity of management of these
lines.
Mr.. Bush succeeds E. T. Jeffrey, for
twenty years the head of the Denver
and Rio Grande, and in turn Mr.. JEFF
fiery succeeds George j. Gould as
chairman of the Denver and Rio
Grande directorate. Mr.. Bush Will
be in absolute charge of the opera
tions of the Denver and Rio Grands,
but according to statement made by
Mr.. Gould, management of finances
will devolve upon Mr.. Jeffery.
In order to qualify as a director of
the Denver and Rio Grande Mr.. Bush
succeeds ]. B. Andrews on the board.
1t is possible that other changes In
the personnel of the Denver and Rio
Grande management will be announc-
ed soon.
The bankers connected with the
Gould properties decline to comment
upon Mr.. Bush's election, but in finau-
cial circles it is believed that the
changes are due to their initiative. Il
is understood that the Gould estate,
which retains large interest in Mis-
souri, Pacific and Denver and Rio
Grande, will continue to give Mr..
Bush q free hand and that plans fo-
the expenditure of millions of dollars
have been approved formally.
The securities of the Denver and
Rio Grande several times have shown
marked weakness during the last few
months and rumors OF receivership
were freely circulated, but as often
denied.
Today the common and preferred
shares Of the road and the funding
bonds manifested a considerable de-
gree of strength.
According to statement made by
Mr.. Gould after the meeting Mr..
Jeffery although resigning the active
management of the Denver and Rio
Grande will continue in charge OF its
financial affairs Mr.. Gould asserts
that the change has long been con-
sidered by Mr.. Jeffery and himself
but was postponed from time to time
to afford Mr.. Bush an opportunity to
become conversant with the Missouri
Pacific situation before assuming ad-
ditional duties.
"One of the principal reasons of the
new arrangement" the statement con-
tinues, sis to take another step to-
ward bringing the properties belong
ing to the Missouri Pacific family ua-
der single operating management d.
rected by officials located at traffic
centers on our lines. We are pro-
ceeding conservatiyely, indeed, tenta-
lively. in carrying this idea into prac-
rice. but we feel that the very evident
success of our initial step in the case
of Missouri Pacific justified the belief
that we are adopting a sound policy.
Another purpose of the change is
to afford Mr.. Jeffery relief from the
burden of supervising operating do
tails to enable him to devote himself
70 questions of policy and particular
" 10 make it possible for him to ad-
wise and assist me in connection with
the financial affairs of our various
properties. While Mr.. Bush will take
over the duty of managing the phys
tcal properties of the Denver and Rio
Grande system, Mr.. Jeffery will con-
tinue to have direct charge of its flu
ances and will exercise general sup
ervision over the affairs of the COM
panIes comprising It Mr.. Jeffery
thinks the change will result in i'm