Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-08-28
NEWMAN ERB TO RETIRE-HlS
SUCCESSOR is TO LIVE IN
MINNEAPOLIS.
HUNTINGTON PROBABLY
NEW HEAD OF ROAD
Headquarters Of Property to Be Gen.
traIized in Minneapolis-offices OF
President, Secretary, and Treasurer
TO Be Transferred From New York
to Observation-Disclosures Important.

Changes in the management ana
control of the Minneapolis & st. Louis
railroad, that include the election OF
new president the Capitalization OF all
official headquarters in Minneapolis
which will made it distinctively west
ern road, were announced in MINNIE
apolis Saturday by Charles Hayden OF
the Boston banking firm Of Hayden
& Co, who is to be chairman OF the
new board of directors.
Of prime importance locally, and es-
pecially in the territory thru when the
road operates, is that phase of the an
nouncement which is that PRESIDENT
Newman Erb is to retire.
This, together with the announcement
that the new president will live ana
have headquarters in Minneapolis, IS
strongly indicative that Vice President
and General Manager C. W. Hunting
ton is to succeed President Erb
Rumor to the effect that Mr.. Erb was
to retire and Mr.. Huntington was to
succeed him has been current in MIN
neapolis for nearly year. The details
of the reorganization plans as an
nounced by Mr. Hayden seem to make
positive these rumorS.
Allied With Strong interests.
The following details of the changes
were printed by the Minneapolis Jour
nal Sunday morning:
"Mr. Hayden is to be the chairman
of the new board of directors, on which
there will be other new names the per-
sonnet of which will be announced when
rlV neNt
week. His appearance at the head OF
the board brings new and young blood
into the direction Of the road and allies
the property with new and strong
financial interests.
These official changes and changes
of policy will be made according to
Mr.. Hayden:
Newman Erb. of New York. will not
be president after the new board of di-
rectors meets.
500 Line purchase Of the Minneapo-
lis & st. Louis, talk of which in the
last year has been several times re-
newed, is given final denial.
1.-The Minneapolis & st. Louis is not
to be sold, but will be operated as a
going property and developed.
The idea of New York head. main
tanned when Edwin Hawley, OF New
York. was president and L. F. Day was
vice president and general manager in
Minneapolis, and again with Newman
Erb. New York, as president, and NJ,
B. Cutter w. G. Bierd and c. w. Hunt
ington, in succession, operating the
road in Minneapolis, is abandoned for
all time.
The Minneapolis & ST Louis road
will hereafter be a Minneapolis road in
fact.
THE president and all operating Of
ficers will live here
The 1916 crop outturn, which is I'M
favorable over parts of the Minneapolis
& st. Louis lines, will have no effect
on the plans.
The new policies will be inaugurated
not for a season, but for permanence
and favorable long time results.
The first definite move in line with
the new policies will be the removal to
Minneapolis from New York Of the
presidents office and the office of the
company treasurer. Thereafter other
important changes will be announced
Mr.. Hayden said that it had not
been expected that there would be an
announcement made until after the
first meeting Of the new board of d-
rectors.
'Western Property in Fact"
am not at liberty at this time to
discuss the new plans in full. or the
prospective changes Mr.. Hayden said
But I am willing to say that the
Minneapolis & st. Louis property will
be operated hereafter as western
property in fact. Mr. Erb will retire
from the presidency. It always has
been my idea that western railroad
for best results, must get close to the
people from whom it expects to draw
its patronage.
The new president of the Mime
apolis & st. Louis road will live in
Minneapolis, as will the treasurer and
all other officials. We are going to
operate the road to best possible ad-
vantage with the idea of permanent
upbuifding, for the interests Of the
people we serve and our stockholders,
and are going to make it a good, strong
property"