Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-10-17
Director MCMurtie Vows
He Knows Little of A.
fairs of the Road.
D. G. REID WHOLE THING
Witness Claims Latter Doni-
mated Beard and Managed
Financial Transactions.

washington. Oct 17.-Some OF the
details concerning the acquisition and
subsequent sale at loss of millions OF
TIE frisco lines developed today when
the investigation Of the financial opera
tons OF the Chicago, Rock Island x
Pacific railway was resumed before the
interstate commerce commission.
George B. McMurtie OF New York. di-
rector OF the Rock island operating
company and the New Jersey holding
company OF the hock Island, gave tes-
timony TO snow the board Of directors
was practically dominated by Daniel
G. Reid. The witness knew person
ally very little concerning the financial
operations of the several companies.
Asked about specific transactions, in
Guiding the Frisco deal and payments
OF mc-e- 10 Directors Jackson and
Cable for which To explanation had
bean given. the witness said he could
Temenber nothing about these matters.
Il did not have time 10 go into such
details he said. McMurtie said he re.
lied upon reports Of the executive COM
such company operations.
b 2 YOakum, who conducted the
negotiations for the Frisco stCckhold-
ers, testified ,he loss 20 the Rock Is
land through its purchase and subse-
Cuelt sale Of stock in the Frisco lines
vas about seven and d half millions.
= consider the Rock Island one Of
the finest railroad properties in the
United states today" Yoakum said.
The witnesses on hand yesterday
we're Daniel 6. Reid Of New York, a
former official. 3. =. YOakum of the
frisco Lines. George T McMUrtie of
the Rock Island, r. L. Hine, president
Of the First National Bank Of New
York. and James y. Wallace. president
OF the Central Trust company Of New
York financial Institutions through
which the Rock Island conducted its
sales and exchanges Of securities.
Nr. Folk is expected 10 complete his
preliminary work Oh the case today.
when Commissioner Clements will
order an adjournment Of the investiga- f.
tion FOR some weeks TO enable the
railroad 20 prepare for the inquiry
along the established lines and 10 per
nit Mr. SHarood 70 complete his
search Of the compaay's books and .
records
Ask Light on $4,000 Fund.
The contribution Of $4,000 for cam. .
psign committee" handled b. Mr. .
Nsther. caused Commissioner Glen
ents % inquire whether an effort had .
been made 20 get more Information on I.
the subject Ir. Sharood said ne had
Questioned " V. Stevenson, VINO was
comptroller oS the road at the time.
but could ascertain nothing, and flies
bearing on the subject were lost or
had disappeared
We vii have him here" said Mr..
Folk
Mr Saaro0d said. also. he had come
across two vouchers each for $4,000.
drawn 10 ". p. Leeds on special ac-
count" but he could not tell for what
purpose 'he money had been given
Nr Leeds.
Commissioner Clements showed in
'erest In the size % the salaries paid
ne officials Of the road. r. Gable.
chairman % the board IN 1902, drew
$4,000 wear. increased in 1903 10
$4,000. " p. Leeds. president Of the
-oad a. that time, was paid the same
Is Nr Gable
Many Paid High Salaries.
B. L. WincheU. as third vice presi-
ient. got S35.OOO. and as president in
sv5. 10000 T. r. YOakum was paid
$4,000 as chairman Of the executive
.omHittee and l. r. Loree. who sue
(Couffr.-4a5 % Dec C.evep