Jasper County Democrat, Volume 13, Number 3, Rensselaer, Jasper County, 16 April 1910 — HARAHAN TO QUIT ILLINOIS CENTRAL [ARTICLE]

HARAHAN TO QUIT ILLINOIS CENTRAL

It Is Stated President Will Leave Railroad In Short Time. SWINDLEAMOUNTS TOMILLIONS '■. x . W. L. Parks, the New Vice President, _ Is Said to Be Practically In Full Charge of System—No Arrests Will Be Made. Chicago, April 15.—Five million dollars is declared to be not an extravagant estimate of the' sum that the Illinois Central railroad has been swindled Out of by an alleged conspiracy that is being investigated. t Although the sum that the railroad is alleged to have lost was early set at $1,000,000, the revelations made by the inquiry of the detectives put ufion the case by President Harahan are declared to., have raised this figure until now it is nearer $5,000,000. W. J. Burns, the San Francisco investigator, and seventy-five operatives, under him are doing the work, whic. covers a period of four years’ peculations, and has reached to nearly every city upon the system of the Illinois Central. It is said that President Harahan, whose resignation has been rumored for ‘ome time, will leave the railroad within a short time. Much of the work if not all of it, and the responsibility for the system that he heads, has been taken from his shoulders by W L Parks, th new vice president.. The failure of the St. Louis Terminal railroad at the annual meeting in St. Louis to re-elect Mr. Harahan as a member of the directorate, is taken as the first actual step to place Mr. Parks in the position at th ehead of the system. Mr. Parks was elected a director of the St. Lduis Terminal in place of Mr. Harahan. The investigation in the details of the swindle of the company Is declared to have been most careful and painstaking, but despite this fact it is declared that it is extremely probable that there will be no grrests.