Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1915-02-11
INVEST TIGAT|ON
Of ROCK ISLAND
OPTICIANS Ol' ROAD TO BE
CALLED uPON 10 EXPLAIN
ROADS CONDITION
MANIPULATION Of MARKET
stock Once Went From FiiU Dot.
lars tp Eighty zone Dollars a
share aud Rack Again la
one UaN

WASHINGTON. D.. C.. Feb. lo.-
The iayofiyauon OF tine financial
operation. of tbr Chicago. Rock U.s.
land and Pacific Railroad Company
by the Interstate Commerce COMMITS
sion win hc resumed here oday Oi.
iiciJls ol the road Uill Doe called up
900 To- e,vH their vor iou %, the 10.
nau,lal handling ot the company aud
the causes of the present phgW o'
thr biz railroad
li is expected that Daniel O. Hled.
the storm center u. long .ouru'ur
So of factions for control - ,ur
road. who recently resigned us
chairman of the roJrd %. Directors,
will be- Do, principal witness Though
the annual meeting ol stockholders
win not be held until March %, Rcl
rrsilutd or l91uary 30 ou The eve
=. tht announcement hr thr PROXY
tummutoo that r. wanted proxies lo
c!cD four directors uitahlo Co be-
general body %. .tookhoidor- Ths
uge r,"arl.o %. au unti-licld state
ment. for the directors whose fo"u'
expire March % are Mr. Reid and
Roberts Walker ul NcW York aud
Edward $ Moore ANA John D. N.ltrl.
ol OF Chicago
Although 90 g. fully expected 'hat
tho Internal diss1u-ions ot the ROAD
win be settled hy the tockholdor.
~ the ucyt annual w",tine, the
events On ho financing handling Of
tho road will hc thoroughly prohet,
Il is said, hy the Interstate com
mcrCa Commission.
Ma Rcid'e connection with tho
Rock Island hogan Zoo 1901 after hc
had ama.s,l % fortune i1 the tin
plate and steel trades lIo gained
control of th, road and inaururatod
many change. n was then that
Wall street became greatly interest.
ed in Rock Island u was on thr
Monday after Chri tmae in 1909 that
Rock Island. under Reid domination,
absorbed tn attention OF the tinan
cial world Brokers appeared on
the flnor OF he Nov York exchange
with orders 90 buy Rock Island
1ock They bought and hnueht. aud
Geo 20 little while moro Than 100000
shares we're ,.ohaueol Rock ISLAND
won't skyrock rtIur f.om 80 TO $Nl q
hare
And then thurc came tho crash
Within nm hour lh' price had lallrn
back 90 $50. Fortunes were made
and lost on that oycutlul day Al
Investigation hy ,ho BOARD of GOV
cruCr. Of tho \Hv York exchange
] followed, and ono firm ol broker
w1 pyp0ucd Wall Srro'i rou"raIl
credited Reid with mruh'IH. lh'
market
Last fam th. affairs OF th. ,aw
uauy wore iu such serious shape 'h7l
/ ludrr Mayer of the G. s. District
/ court ol NrW York granted 800 ord'l
/ tor thp fore, ,iosur, anl .nl. o' ih'
/ railroad property. and fixed 'h' dai'
J 0i tho sal, ON November tU
minority tockholdot" pro D1 th' do
/ tt.e and secured % reversal of tbO
order from the United States CircH
. I0ur Of Appeal u was rnni'ud'.
/ b, tho minority holi,rs thar tho sale
of the stock in % block mn1o DO inn
%. .ihle tor the smaller .ioctnoldpr
Zoo protect their rights and Thar tu'
/ whole plan was rui and dried before
70 was presented 90 tho court
S0 bittor has heDu fhr routruNor
among .he stockho,drr. cot fHo Roci
. bland that the rosnmuiiOH %. The in
so.tsatIou is expected to bring '0ril
.ariuus charges of Wiar1uauD' ar