The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-10-17

petition between the two lines Ola
nos cease.
what WAS tho reason Cor the re-
purchase OF The Frisco Dog sou ana
your assoriutps asked Nh. Folk
well. Z believed Iu the frisco ard
believe boz y,t q dealt .uuOufuIn-
the matter with d. g. Reid pr.ug.
pally. We 1grocd on % price of
$3.50 a share and wy 's-oDia'cs ahd
. paid Ton % % ash Personally
took about 3o. 1000 shares
"pid you 5ct tho actual stUDh when
YOU paid your moucy 49, NoaEum
was asked
You bet dId. r,pa,d Mr
Yuakum. cd vus NOT a member of
tho board OF directors ut th, Roofs
Island company ui \pW Jersey when
the Joan OF fl.l0u.U 600 was author
lied. The dissolution between tn'
Rock island and Frisco ,a. entirely
friendly and DO resulted. u, course boo
"a dissolution of other ouWou inter
csts.
Discussing tup acquisition as th,
Rock Island nf tn, Dh.etsu O. Alton.
Mr.. ToBkum sand Doe participated 100
that purchase l- uur uf tuu directors
of the Rock island purchased
much OF the Alton sto.k iu my name
through Sis Ur seven HruN.t- 'fh"I
blocks OF tht stock were purchased
iu the names 90 IS. d. Leeds and
William ~. Moore To gel. 90 major.
ity of about 100000 sh.rcs ut the
railway property ls 3D. pretty good
job Of course Nc had tu keep co.,
matters quict.'
WAS not Mr. UJrrIm11 BOZ control
of the Alton at that time a.Ncd
MIR Folk.
"a think Doe was
sir Hartman was boz Europe
then suggested Mr. FHIN. Was
that the reason you were quietly
purchasing the property
Well s1Id Mr. NuBkJm su...ul.
go was o. prupiuuus time Geo make tH,
purchase
Mr. YouKum explained that boz, au,
Mcssrs Reid. Leeds ana William d.
Moore became members u, tnD Alton
board and also members of tho Chi.
rago a. Eastern Illinois board. Doe.
cause the properties Werp controlled
by the same interests The Eo,h l-..
and purchased control ui the Deer.
ing Cual company and of the ludl'
ana Coal company and perhaps -om'
other coal companies. tir luaIuu
explained. because 30 was resardr,
as good policy Co obtain control ui
the largest fuel fields iu the mlddI,
west. The coal was necessary fo'
the operation ot tine railway and ats,
furnished freight several NtHr.
later the witness explained. Do WA.
regarded ass equally good policy %
dispose of the treh island coal
interests.
do YOU ronsidr governmental CON
troi Of the i-suano, of railroad socut
tiles desirable ' asked AIR. Folk
That's % VERY broad qG,-t.uu
replied AIR NoIkuW "f believe DO
the closest cooperation batweeu th.
soycruWrnJ and fh" railroads lna
that It would De- much better fur tH'
government regulation fH uu absolute
THAI for nobody ta know ius. wha
the situation l- Tb, present admins
tratlou has dome some good work
especially in .ts authorization of enI
crumcnt railroads lu Alaska
Mr. Folk asked Mr. tuItum q.
what he attributed the 1-Ieeb.up p
the Rock Island
ct don't ls, tho term 'NrraE.ua
200 connection with th. Euek island
replied Mr. Yoakum consider
the railroad is One 60 .the Finest riI
road properties boz tn, United state.
today D. traverse % great t,rr.turs
DO hats wonderful terminals and Dr. b.
everything that railroad ouuut O.
be- Z can pat Do no stronger thar
that
Air Fulk inquired why .l, system
bad gotten into so serious o. tau.I, 90
financial diflcultirs and alui.d Q.
know tf DO were not U,o1u-, ut uf
uNcr-IssutunD uf securities
an not Capable uf uu-veru.
that question: replied Dr. YpaEfm
'i don't know cuouen about tlc pr.-
ent condition Goo furnish ro.,r uu
hWtr