New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-06
GOULD DEFENDS
RIO GRANDE COUP
Says Property Required
Man with Headquarters
at Denver.
MOP INTERESTS INSIST
AGREEMENT BROKEN
Big Stockholders Said TO Have
Known for Months What
Was Planned.

Missouri Pacific interests In the DeA-
yer A Rio Grsnde were officially silent
yesterday over the result Of Thursdays
election, by which the ticke. approved
BY Kuhn, Loeb & Co. was defeated and
the Gould management firmly In
trenched. But unosieially they sup
ported the statement OF b. y. Bush
that George Gould had broken his
word IN bringing about the election OF
II. U. Nudge as president OF the Dem
yer & Rio Grande when It was said to
have been previously agreed that Vice
President z. L. Brown would be moved
up 20 the presidency and Mr. Bush Do
made chairman Of the board IN place OF
Z. T. Jefcry.
A. told by one who was familiar
with the negotiations between Gould
and tho Kuhn. Loeb faction. It was ss'd
that Mr.. Bush wanted 70 give up his
active duties as president Of the road
and tina, Gould agreed 20 the election
Of z. l.. Brown as his successor. This
ticket, which would have ousted z. 7.
Jeffery as chairman, Gould was said
TO have definitely given his promise to
Mr.. Bush in the presence Of an attor-
ney TO put through.
Previously, when II seemed tina. there
might b. a contest for control OF the
Denver & Rio Grande, the Missouri "a
cifc representatives on the Denver a
Rio Grande board agreed 70 abandon
a campaign 70 solicit proxies on the
assurance Of Gould that this would not
be necessary. The frs; inkling OF what
was coming was at the annual meeting
last month, when Gould made IL pos
sible to carry on. his plans through
the election Of two new directors.
This statement was issued from the
Gould Offices, az l65 Broadway, yestsr-
day concerning Mr.. Mudgs's elections
"This move Is not Of a personal char
scter. except SO far as We believe that
the best interests OF the property ard
the stockholders require, a. set forth
hv Mr.. Coppel In his statement on
THURSDAY, that the Denver & Rio
Grande has as It's president a man with
headquarters In Denver who could and
would give all his time TO that prop
erty. Il was impossible for Mr.. Busn
TO do this. Il IL our purpose to maze
for the Denver A Rio Grande an indie
pendent property for Its stockholders.
1.-THE move which resulted In the cleo
ton for new directors. members OF the
executive committee and ofticers has
been under way for some months. In
fact. as IA back as last summer some
Of the largest stockholders were con-
suited, and all that has been done since
has been with their knowledge ana
hearty cooperation.
'"H. L. Nudge, retiring PRESIDENT and
chief operating official Of the Chicago,
Rock Island & Pacific Railway Com
pany, has accepted the offer OF the
presidency OF the Denver a Rio Grands
and will be formally elected TO that Of
fee within q few days, succeeding Mr..
Coppell, who Is serving only tempo
rarily.
"As TO whether traffic agreements
will be made at Denver with other
roads than the Missouri Pacific 10 q
matter that has not been taken up, and
It is too early 70 discuss anything OF
that kind.
"As to the Western Pacific, the stti-
tude OF the Denver & Rio Grands d.
rectors has been all along that they
we're willing 20 indorss and cooperate
In the carrying out OF any readjust-
ment plan for tho finances OF that com
pany that would be fair and equitable
to Tho Denver q Rio Grande stock
holders"