The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1915-03-12
GOULDS RETIRE
FROM RAILWAY
Famous Systems Pass from
Their Control.
INTERESTS PLACATED IN MOVE
MENT TO FLOAT DEBT
Infusion of Financial Blood Means
the Rehabilitation of Their Western
Lines.

st. Louis, Mo.-The Missouri Pa
cific-Iron Mountain Railway system,
nucleus Of the so-called Gould lines,
passed Tuesday from control of the
Gould family.
An election of officers and directors
which accomplished this carried with
it, financiers generally conceded, con-
troll of the connecting and subordinate
Rio Grande- Western Pacific system by
which descendants of Jay Gould, the
great railway financier, linked the
middle west to the coast reaching Pa
cific tidewater through the Sierras,
with scarcely a chande in grade.
Instead of the Goulds, proxy com
mitee represented by Kuhn, Loeb &
Co., and the Guarantee Trust company
of New York. controlled Tuesdays
election, at which SO per cent of the
stock was voted.
How complete was the change was
indicated in part by the removal Of
the three Goulds and 2. T. Jeffery OF
New York, a longtime Gould execu-
tive, from the boards. B. F. Bush,
who succeeded Jeffery some time ago
las president of the Denver & Rio
Grande and Western Pacific railroads,
swung into the saddle Tuesday as
chairman of the directors of the Mis-
souri, Pacific and the s. Louis, Iron
Mounain & Southern railways, and
his election presently to the same po-
sition with the Rio Grande-Western
Pacific system was conceded to be
probably a matter of course. On Tues
day he succeeded George Jay Gould,
son of Jay Gould. founder of the fam
lily fortune, as chairman of the board,
and George Gould was not elected to
the board. His brother, Frank j,
Gould and his son, Kirkdon Gould, %
years old, heretofore vice presidents
and members Of the board, were not
reelected in either capacity
Finley j. Shepard an active Mis-
souri, Pacific man, who met Miss Hell
en- Gould, Jay Gould's daughter, a few
Years ago when she was touring the
system and married her in 1918, was
reelected to both directorates.
AS to the finances Of the system and
it's components, it was admitted the
new management must meet $25,-
100000 note issue of the Missouri Pa
l.cific, which natures June l, 1915, and
this, it is said, would be taken care
Of New York advices were that the
retirement of the Gould interests was
anticipated by the stock market by an
early advance in Gould shares, fol-
lowed later in the day by subsistence
Of about point. Wall street reports
were that banking interests which OPP
posed the Gould control for years
would draw in their horns. These re-
ports recalled to some of the hopeful
view of President Bush when he sue
ceeded Jeffery in the west, that he
could get plenty of money for main
| tenance and extensions of the Western
Pacific and his later candid statement
that he could not. n
Idaho Branch Probable.
The reorganization of the Gould
system Of railways which was effected
in st. Louis, Mo-, today, is fraught
with great possibilities for the in
termountain country, and especially
southern Idaho Particularly is this
true with respect to the Western Pa
cific which, as the new plans for
readjustxnent of capitalization plain
ly Indicate, has suffered from lack
of b<anch lines and feeders. This
weakness was recognized by Chair
man B. F. Bush, of the Missouri Pa
Ifific board who recently made an
/overland journey from the main line
of the Western Pacific in Nevada to
Boise. Mr.. Bush was naturally nom
committal regarding the object OF his
trip at the time. as the reorganization
plans were then in process Of
incubation, but official announce
ments regarding plans adopted at
Continued on Page 1O.)