Evening star., 1930-05-24
FURTHER RAILROAD
CHANGES FORECAST
Van Sweringens May Make
New AIignments for Ex-
tension of System.
BY JOHN F. SINCLAIR.

Special Dispatch to The Star.
NEW YORK, May 24.-"The Van
Sweringen brothers of Cleveland are
very successful because they pick their
| work and their associates with extreme
/ care" said a we'll known American busi-
ness leader this week.
Armed with Sc per cent of the total
outstanding stock of the Missouri Pa
cif1c at last weeks stockholders meet
ing, John P. Murphy, secretary of the
Allegheny Corporation, the Van Swerin-
gen holding company, named eight new
Van Sweringen directors, seven from
Cleveland and one from Buffalo.
Among those dropped we're A. r.
Graustein, the power behind the Inter
| national Paper & Power Co.; John j.
Raskob. well known financier; William
H. Williams. chairman of the Wabash;
Finley j. Shepherd, husband of Helen
Gould, and Matthew C. Brush.
Two questions arise in connection with
this interesting change. First: VIII the
Van Sweringens make an alliance with
Arthur Curtiss James Of New York, who
now controls the Western Pacific?
To acquire the Denver e. Rio Grande
Western is the next step in the Van
SWerMgen program. for 1t would give
them chance to enter Salt Lake City
from Pueblo, Colo But this road is
| owned jointly by the Missouri Pacific,
which the Van Sweringens now control,
and the Western Pacific, which Arthur
Curtiss James controls.
With this hurdle out OF the way, the
Vans" would move into Salt Lake City
on the D, & R. G. w. and into San
Francisco and the Far West over the
Western Pacific.
Second: Will the Missouri Pacific's
banking connections, long handled by
the powerful house of Kuhn, Loeb &
Co., be tranferred to j. p. Morgan &
ingen Brothers have received powerful
financial support in building up their
huge railroad and terminal enterprises
from both the house of Morgan and its
close business ally, the First National
Bank of New York.
That China has reached a point where
1t Is ready to fall into line with West
ern civilization in the march of prog
ress was the gist Of the address Of the
Hon. Henry K. Chang, Chinese consul
general at San Francisco, before the
foreign trade convention.
Despite the social unrest and military
disturbance reported in the newspapers,
Chang avered that conditions in China
were not so bad as they have been
made out to be. But the forces at work
belief that you will shortly see China
emerge-a new nation-revitalized and
rejuvenated." he said.
Chang pointed out that China's trade
with the United States has increased
fivefold in the last 20 years. In 1910
the United States was credited with S
per cent of China's import trade. In
1929 1t amounted to $400, ,000, 900. or
roughly rs per cent Of China's foreign
trade.
China as an actual and potential
market has unlimited possibilities and
deserves your closest attention." Chang
told the meeting. I'VE welcome the ex-
tension of your commercial activities
and your legitimate investments"
China is the worlds greatest mar
ket IN few years." Capt. Robert DOL
lar OF San Francisco never tires Of re-
peating.
Hard on the heels Of the statement
Canadian Pacific Railroad, that the
greatest help the United States could
give to Canada would be to consume
all OF the wheat that it raised, comes
the report Of the United States Depart
ment Of Agriculture that white bread
Is wholesome, nutritious food and
should be eaten as part of q balanced
diet.
During the past five years the United
States Department of Agriculture has
found that there has grown up in the
United States q distinct fear of white
bread, sentiment created largely by
propagandists of wheat substitutes. So
the amount of white bread consumed
has been gradually diminishing.
But five nationally known authorities
on dietetics announce that white and
whole wheat bread should be eaten as
part Of q balanced diet.
Economists and farmers looking to
the business side of the picture see dire
disaster facing wheat farmers If anti
wheat bread propagandists have their
way. The diminishing demand for
white bread spells further demoraliza-
ton OF the American wheat farmer.
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