New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-05
GOULD REGAINS
D.&R.G.CONTROL
Defeats Kuhn-Loeb Plan
and Makes H. u. Nudge
Chief Officer.
BUSH, MOP RECEIVER,
CHARGES BAD FAITH
Kingdom Gould Vice-President-
Brother.in-Law Shepard
Ousted as Director.

Wall Street was surprised by the
election yesterday by the directors OF
the Denver & Rio Grande Railroad as
chief operating officer Of II. L. Nudge,
formerly president Of the Rock Island
System. Mr.. Nudge until recently was
one Of the receivers and up 20 yester-
day chief operating officer Of the Rock
Island.
The action OF the directors Of the
Denver Rio Grsnde. about so per cent
Of whose stock Is held by the Missouri
Pacific, was a complete surprise to the
directors of that company represent
ing Kuhn, Loeb & Co., since last March
dominant in the roads affairs. AT that
time George Gould and his associates
were ousted from the Missouri Pscihc
through the efforts Of William Street
bankers, and the Denver ticket elected
Yesterday was understood by wall
Street 10 be direct slap at the crowd
which bested Gould In the spring.
IF. Bush. president and receiver OF
the Missouri Pacific, charged Gould
with breaking faith with him IN the
matter OF Mr.. Mudge's election. 1t
was the plan of the Kuhn, Loeb IN
terests 20 have +. l.. Brown, operating
vice-president of the Denver RIO
Grande, succeed Mr.. Bush as president
and have the latter moved up 10 the
ch1irmanship of the board in place OF
f. T. Jeffery Instead Mr.. Jeffery was
reelected, Arthur Coppell was made
president until Mr.. Nudge can complete
the formalities necessary 70 severing
his present relations with the Rock
Island, and Kingdom Gould was chosen
vice-president This completely upset
the ticket, which apparently had
been agreed TO by Gould and kukn,
Loeb & Co. Commenting on the cleo
ton put through by Gould and the
Gould directors, which had bare ma
iority of the eleven members OF the
board. Mr.. Bush said:
al favored the election 20 the presi-
dency Of E. L. Brown, whose splendid
record as vice-president in charge of
operations speaks for itself. My only
comment on the result Of the election
is that George Gould has broken ms
word TO me-"
Just what stand Finley J. Shepard
will take in the present controversy
between his brotheIin-law and the
Kuhn-Loeb interests was Impossible TO
learn. Whether Mrs. Shepard, former
" Miss Helen Miller Gould, will advise
her husband 70 remain as vice-presi-
dent and director of the Missouri Pa
cifc, now under the domination OF
Kuhn, Loeb & Co, or align himself
with George Gould is matter OF Keen
interest in Wall Street. There Is d
strong feeling, however, that Mr.. Shep-
ard will remain with the new interests
in the property.
Gould apparently had in mind yes
terday's coup when at the annual meet
ing Of the Denver & Rio Grande in
Denver last month he was able 20 Sc
cure the election Of two new directors
who would support him. These men
were Benjamin Nicoll and David H..
Taylor. A statement given out over
the name Of Mr.. Coppell, acting presi-
dent, explained that the new officers
were elected for the purpose OF making
the Missouri Pacific and the Denver 4
Rio Grande entirely independent. This
statement follows:
after consulting with some OF the
large stockholders, both in this country
and in Europe, we thoroughly believe
and are convinced that to be success
full the Denver & Rio Grande Railroad
must be entirely Independent. Its chief
operating officers must reside in Colo
RADIO and In no wise be connected with
the operation of any other railroad in
terests. For the past few years the
president of our road has held the same
Office in both the Missouri Pacific and
the Western Pacific railroads, which
two properties have lately come under
the Jurisdiction of the courts. He has
also been appointed receiver of the Mis-
souri Pacific and also Of the Iron Noun
tain road. We are of the opinion that
It Is detrimental 10 the welfare Of the
company TO have as its operating head
a man who must give large part Of
his time TO these two roads, and who
is resident in ST. Louis, nearly one