Evening star., 1933-02-19
Loree Reveals Confidence i'm Future
By Buying s6O,OOO,OOO Central Stocks

with bad eggs you will get a good ONE
let"
What he really believes is that the
weak railroads should live the logic of
life to its end. They should die into
receiverships. Then their assets should
be resurrected at actual value into the
hands OF the strong railroads.
Peace and prosperity should be
reached not through humanitarian
edicts from Washington, loading The
weak on the backs CT the strong, but
through the struggles of man the
killer, feeding the defeated into the
systems of the vlctors. Thus speaks
Spengler-and Loree.
Displays Confidence.
So: Round five. Mr.. Loree, with his
confidence in the country. with his
confidence in the railroad industry and
with his $50 100000, looks for a "bIv. !"
The New York Central had been the
fairy godmother" of the Van Swcr-
lngen brothers. BY going into New
York Central Mr.. Loree could, in a
way, go into not merely one, but two,
OF the four great trunk lines in Eastern
railroad territory. BY going into it
on large scale he could not only get
very big holding at very low price.
thus, perhaps, some day reaping a
colossal profit for the treasury of the
Delaware q Hudson, but he could give
to the whole railroad industry and 10
the whole country the possibly reviying
shock OF realizing that somebody was
not pettily, but gigantically, investing
confidently in the future.
Doubtless in Mr.. Lorees motive there
were many elements. These elements
could, perhaps, be too carefully ana
lyzed and distinguished The chances
are that Mr.. Loree acted mainly under
| the impulse of more adventure, more
battle, more destiny. He is always
reading lives of Napoleon. Why did
Napoleon go to any certain place? Well,
he was living and he had to go some
where. Mr.. LOree, having to 60 some
| where, went to J. p Morgan g. Co. and
said: Buy Central"
Morgan q Co. bought 1t for him till
! he had 500 900 shares of it. The chief
| members of the Vanderbilt family have
| now, perhaps, less than 25OO00 shares
OF it. The original insiders from Man
haitian Island ere eclipsad in It b. the
new outsider from the banks of the
ONO. Nothing says Mr.. Loree,
stands still very long"
Two coming queries finally emerge
The first has to do with the Inter
state Commerce Commission. Mr..
| Loree, with one-tenth of the New York
Central in his pocket, goes to WASH
ington. He sees members of the COM
mission. What humiliation! He has
to ask them! Will they let him be a
director Of the New York Central?
There is strong prospect that they
VIII not. There is a strong prospect
that for the fifth time they may deal
with him by counting 10.
But the second query will remain
Mr.. Loree, even if not in the New Yorx
Central directorate in person, will pe
there through representation. What
will he do with his new powerr
On the point of consultations he
will move with circumstances. Cir
cumstances may indicate more thar
four consultations in Eastern railroad
territory They may indicate fewer
than four. Mr.. Loree is not predicting
the winds of circumstances.
On the point of railroad revival ir
general Mr.. Loree, it is thought. awaits
only the moment when fresh capita
can be drawn into activity. The value
of him is that he believes-as undaunt-
edly at "a as at 24-that activity BY
capital In railroading will be desirable
and will be profitable. The value o
him as leader toward tho eominf