Richmond Palladium (Daily), Volume 36, Number 124, 13 March 1911 — Page 6

PACE SIX.

THE RICIIMOKD PALLADIUM AND SUN-TELEGRAM, MONDAY, MARCH 13, 1911.

TWENTY YEARS R. R. VVARETJDSJTUESDAY George J. Gould to Present Resignation to M. P. Ry., Bringing Peace. (AniTlc-an News Kervlre) New York, March 13. An important chapter In the ml I road und financial history of the country will come to a clove on Tuesday at the annual meeting of the shareholders of the Missouri Purine railroad In St. Louis, when George J. Gould will present his resignation as president of that road and new men will be elected to succeed the representatives of the Gould Interests on the board of directors. Thus will end a twenty years war which has been waged relent lesly by the financial giants or Wall street for tho control of the Gould properties; thus will George Gould's dream of controlling a coast to coast railroad be rudely dispelled. Since th death of old Jay Gould In 1SD2, the control of hi many valuable properties has gradually been wrested from the family. First, the Manhattan Klevated line was gobbled up by the Interborough; then tho Western Union Telegraph Co. was absorbed by the A. T. and T. Co.; and now the Missouri Pacific the holding mm) any for the Gould railroad properties and considered one of the most valuable of all the Gould holdings will las Into other hands. Hut these changes were not affectrd without struggle, the history of which makes Interesting reading. At every turn George Gould has met his enemies with a courage born of desperation, but the odds were too great and he has at last been forced to capitulate. This does not mean, however, that the Gould fortune has dwindled in size; on the contrary it has greatly Increased. It simply marks the dlsappeu ranee of the Gould fortune as a power In the financial world. The story of this war had Its beginning In the early eighties when old Jay Gould was the most ioverful. as well as the most feared man In Wnll street. Ills particular hobby was the securing of control of various railroad

properties which he would proceed to wreck and then dispose of. He had great faith In the possibilities of the west and outhwest. and many a Wall street financier looked on his proper ties In that section with a covetous eye. But they knew better than to at tempt to monkey with the "wizard of American finance." When the old gentleman died In 1892, however, the long delayed fight for the valuable Gould property Immediately began. His will divided his vast fortune among his children, but provided that all his stock holdings should be voted at the various meet Ings at a unit, and gave George J Gould, his eldest eon. the power to control such votes. At this time Georgo Gould was only twenty-six years of age, but ten years under his father careful tuition had developed bis business and fighting ability to a great extent. He had inherited a crate for acquiring railroad properties and his great ambition was to gain control of a road which would stretch from the Atlantic to the Pacific. The most valuable pieces of railroad property In the Gould estate was the Missouri Pacific which stretches from Kansas City to Ienver, and by securing control of the Denver and Hio Grande, George Gould extended his line Into Salt Uke City. In the meantime in order to carry out his plans In the west and southwest Gould was forced to sacrifice his holdings in tho Manhattan Klevated Co., which was purchased by the Interborough In 1902. 1y this time George Gould had converted tho Missouri Pacific Into a valuable property. A control of the majority of the stock of the Wabash carried It as far east as Buffalo, and the purchase of the Denver and Rio Grande brought It west to Ogden, Vtah. It was now time to procure a terminus at the Atlantic seaboard. His first tep was to gain an entrance into Pittsburg, which he did by securing control of the Wheeling and Lake Krie. He then began work on his Wabash-Pittsburg terminal. The next step was to secure control of the Western Maryland which ran from Baltimore Inland, and the West Virginia and Central Pittsburg, which ran east from the Smoky City. Between these two roads there was a alight gap which Mr. Gould Gould proposed to bridge by building a new road. With this exception the only link necessary to complete the chain of road from coast to coast was that from Salt Lake City to the coast, and to complete this Mr. Gould started to build the Western Pacific. But his troubles had already begun. The other railroad Interests recognizing the value of the Gould properties and the serious competition it would offer had already begun a war to oust George Gould as the head of the system. As early as 1902 the young financier had a severe struggle with E. II. Ilarriman and Edmund Hawley for the control of the Colorado Fuel and Iron company, but succeeded In worst ing his opponents The Pennsylvania bitterly opposed his entrance finto Pittsburg and so bitter did this 'fight become that after the erection of the "Wabash-Pittsburg terminal, the Pennsylvania ordered the Western Union Telegraph company which the Goulds control, to take down their lines east of Pittsburg along the route of that road. In 1905 Mr. Gould had a serious disagreement with Joseph W. Ramsay, jr., his right hand man, and president of the Wabash, which culminated in Ramsay's discharge. At the annual meeting of the stock holders of the road several weeks later Ramsay made a hard fight to oust Gould, but was defeated. By bis decision to build the Western Pacific be again Incurred the displeasure ot liarrimtn, yho -believed

Railroads Once

4 h hr ( fJmSL

Three prominent members of the Gould family and map of the United States showing the roads at one time under the Gould control. Reading from left to right are Frank J. Gould, George J. Gould and Howard Gould.

that It would Injure the interests of the Southern Pacific. About this time considerable legislation adverse to the railroads was enacted In several ot the western states and on account of his lack of railroad training Gould was not equal to the situation. The stocks of his various companies were boycotted in Wall street on account of the methods which had characterized that end of his business. Gould was no.v hard pressed for money. His WabashPittsburg terminal had been over capitalized, and ruin seemed inevitable. Tho crash came with the panic of 1907 which destroyed forever his trans-continental dream. Four of his roads, the Western Maryland. Wabash Pittsburg terminal, the Wheeling and Iake Erie, and the International and Great Northern, which ran Into Texas, went into the hands of receivers within a period of one year. He did not give up, however, but on the contrary boRan a new scheme to recuperate his properties. His first step was to patch up his differences with Ilarriman, which was accomplished by the arrangements of the Western Pacific to be operated on amicable relations with the Southern Pacific. Another plan adopted for raising funds was to cut off the dividends from the Missouri Pacific and turn back all earnings into the compajiy. Gould himself was not adverse to sacrifices and did not accept one cent salary from his work as president of the road. About this time it was discovered that Kuhn, Loeb & Co., who were agents for the Ilarriman road had underwritten some $30,000,000 of the Missouri Pacific bonds. It was In 1909 that another of the Gould properties passed out of the control of that family. This was occasioned when the American Telegraph and Telephone Co., took over the Western Union. An inkling as to the railroad situation was given during last summer when the Pearson-Farqnahar syndicate which had been organized for the l-urpose of gaining control of the transcontinental road went to smash. Among the many securities of which they held were large blocks of Missouri Pacific and Wabash. These securities were taken off their hands by Kuhn. Loeb & Co. With such a large Interest in the Gould roads it became very evident that this banking house would desire a voice in the control of the affairs of so valuable a property as the Missouri Pacific. George Gould's methods of railroad manage ment had been discredited for many years and when the demand was made a few weeks ago for the list of stockholders It became known at once that the fight to oust George Gould was on. Gould, however, realized the . weakness of his position and agreed to present his resignation at the annual meeting of the stockholders on Tuesday. An expert railroad man of wide experience will be appointed chairman of the board of directors. The retiring members of the board of directors are Frank J. Gould. Howard Gould Charles S. Clarke, II. B. Wenson and R. M. Galloway all representatives of the Gould Interests. Mr. Gould will still have a voice in the affairs of the company, but it will by no means be the dominant one. His eastern properties now in the hands of the receivers will be operated, it is Mid, ajg separate, companies.

Controlled by the Gould Family

GENERAL HODGES LEAVES SERVICE Commander of Department of Lakes Enlisted in the Army as Private. (American News Service) Washington. . C. March 1 S. Major General Charles L. Hodges, for some time past in command of the Department of the Lakes, was placed on tho retired list for age today, leaving behind him a brilliant record of efficiency through a long career in the army as a volunteer and a private in IStil, serving through the civil war. At the end of the war he was a sergeant major. In 1869 he entered the regular army service and has served continually In it since, becoming a brigadier-general in 1907 and a majorgeneral last year. Prior to his transfer to Chicago, Gen. Hodges was in command of the Department of Dakota, with headquarters in St. Paul. The prospective retirement of Gen. Hodges led to a vigorous contest in the early part of the winter for the vacant major-generalship. The contest was waged between friends of Brig. Gen. Arthur Murray, Chief of Coast Artillery, and - Brig. Gen. Frederick Funston, who has headed the list of brigadier-generals for several years. The contest ended in favor of Gen. Murray, who consequently was advancedto the rank of major-general today upon the retirement of Gen. Hodges. The new major-general had an enviable record in the Philippines. He was colonel of the Forty-third Reg iment of Volunteers, which, according to the War Department records, ex perienced service unexcelled in action by any othr organization in either the Philippines or Cuba. Murray was sent to Samar and Leyte witn the regi ment in 1900. For sixteen months he kept the insurrectionists in subjec tion and penetrated the interior where even the Spanish had never ventured. His troops participated In 431 engagements. CSl of which were marked with casualties and captures. ALCOHOL GOES UP; . A FIREMAN KILLED (American News Service) Buffalo, March 13. Richard Clinton, fireman, was killed when fifteenthousand gallons of wood alcohol exploded during a fire which destroyed the Woods Products Company today. He was horribly mangled. The loss is a quarter of a million. ARE TO MOBILIZE THE OHIO TROOPS (American News Service

Columbus, O., March 10. That the by E. G. Garrett, representative of R entire Ohio National Guard and theiL. Polk and company, publishers of entire National Guard of the country j the Richmond directory, for the publiwlll be mobilized near the Mexican j cation of the 1911 edition. It will be border within eight weeks was the out about September 1. The Nicholson

statement today of a high officer of the Ohio National Guard who Is in a position to know but declined to be

quoted..

WILL BLAST OPEN BIG FAIR TONIGHT Everything in Readiness at the Coliseum for the Big Ding-battis. The Elks fair opens at tho coliseum this evening and the week's affair promises to be the fraternal event of the year. Everything is in readiness for the reception of large crowds at the evening entertainments, which

will be varied, entertaining and attractive. At noon tody about two hundred members of the order paraded through the business section. The parade, headed by a band, attracted the attention of hundreds of citizens. All day Saturday and until late that night the members of the lodge spent their time in decoration of the hall and the placing of exhibits. The displays include "most everything," from livestock down to ladies' hairpins, and will be disposed of during the week. The big night will be on Wednesday when "Kin" Hubbard, creator of "Abe Martin," the famous Indiana philosopher, will deliver a lecture on his vork, which he will illustrate with drawings of Abe Martin. WILL BE A That's the Reason T. R. Going West Now. Is (American News Service) San Francisco, March 13. The secret of Col. Theodore Roosevelt's present trip across the continent, about which politicians have been doing so much speculation, is out at last. The colonel has planned his sprint through the southern states in such a way as to bring him here just ahead of the scheduled visit of the stork to the home of Theodore. Jr. Close friends of Mr. and Mrs. "Teddy," Jr., have been whispering the secret for some time. It has worked its way back among the friends of the family in New York and throughout the east. The little Roosevelt they are hoping that it will be "Teddy III" is expected to make his arrival in April. At that time Col. Roosevelt and Mre, Roosevelt will be here to fulfil their duties as grandparents and receive the congratulations of their friends. A CITY DIRECTORY OUT IN THE FALL Arrangements are now being made Pritning and Manufacturing company will issue the edition and any general information regarding it will be given

GRANDPA

iby the company. .

TO EXTERMINATE

WHOLE RAT TRIBE English Parliament Takes Up Jhe Question SeriouslyHave Good Reasons. London, March 13. Although the recent plague scare here didn't amount to much, beyond the headlines, it drew attention to the rat, which caus- j ed that plague scare, and has resulted in some astaonishing discoveries about him, affecting grain producing countries in particular. So many villainies are now laid at the door of Mr. Rat that parliment is to be asked to turn its attention from abolishing lords to abolishing rats. The chief enemy of the rat in England and probably in the world is that famous doctor, Sir James ChrictonBcowne, vice president of the Royal institution, and incidently fellow of the Academy of Medicine of New York. For many years he has devoted Himself to investigating and lecturing on subjects affecting the public health and as president of the Society for the Extermination of Vermin he has come to the conclusion that of them all the rat is the most objectionable. He is usin? all his nmver and influence to Dnng about what he calls a national St. Bartholomew's day for rats. ! Criminal of Animal World. "The rat is the criminal of the animal world," said Sir James. "He hasn't the slightest redeeming feature. Almost every other beast or bird or insect, no matter how objectionable it may be has some place in the scheme of nature, but as far as we can find out the rat fulfills no useful function at all. He is parely a parasite, and a most expensive and dangerous one. "And if England only realized what the rat is costing it there can be no doubt that the rat's St. Bartholomew's day would come with the least possible delay." Sir James made a most interesting calculation shoing what he costs the British grain grower alone. By careful experiments in feeding caged rats, he learned that, in order that he may not turn cannibal and eat his fellows, the rat must have at least 1 cent's worth of grain a day. To be on the safe side he takes it that each wild rat in England eats about half that quantity of grain. Competent authorities have estimated that there is at present at least one rat for each individual acre in the kingdom. There are forty million cultivated acres, so that the calculation furnishes us with the astonishing total of about $75,000,000 a year which England pays for the privilege of feeding rats on grain. Destroy Variety of Property. No account is taken in this calculation of the other damage which they do. For instance, one wholesale dry goods man wrote a short time ago to the Society for the Extermination of Vermin that rats had got into his warehouse and destroyed silk worth $400 in one night. They enter brick drains and eat through their sides into buildings, putting householder to untold expense for repairs. They destroy eggs and young chickens, and, in t he course of the year, they foul thousands of tons of food which they do not eat. It would probably be no exaggeration to put their cost to England at three times Sir James figure. Most Cunning Animal Alive. "When parlimert meets again Sir James is hopeful that some national action may be taken to deal with this plague. It is obvious that a small fraction of one year's rat bill wrould be sufficient to reduce the plague to a minimum, for even Sir James is convinced that we can't exterminate the rat. So long as ships come to England fresh immigrants arrive and even the most stringent precautions will not prevent some of them landing. "The rat is the most cunning animal alive," he said. "The usual method of preventing him from coming ashore is to fix on all the hawsers connecting a ship with the land traps in the shape of inverted cones. "Then you must remember that under favorable conditions one pair of rats will produce eight hundred descendents in one year. They have four to six litters, each numbering from eight to a dozen in the year, and the young rats begin to breed at six months old." MUSTSWIN BEDS Only Way Jail Inmates Can Keep Warm. Prisoners at the Wayne county jail staid in bed on Monday in order to keep warm. Sheriff Steen is now wondering whether the county will be liable if any of the prisoners catch cold. The furnace at the jail went out on Sunday when steam pipes cracked, letting the water in the boiler run out. It will be a day or two before the heating system can be repaired and unless the atmosphere moderates, the sheriff believes the prisoners will have to stay in bed until the repairs are made, as the jail residence and prisoners quarters are like an ice box. There is no other means for heating the building. CHURCHILL DOWNS STABLES BURNED (American News Service) Louisville, March 13. Twenty-two stables at Churchill Downs burned this morning. AH the horses were rescued. DR. SCHILUNGER RECOVERING FAST Dr. R, S. Schillinger, former mayor of the city, who was found unconscious last Wednesday evening as a result of a sudden attack of heart trouble, is recovering rapidly and is able to be out.

JOHN o:s pastor LEAVES HEW YORK Church Crowded Sunday to Hear the Rev. Aked Read Resignation.

New York, March 13. Several hundred persons were turned away by the police from the Fifth Avenue Baptist church at the morning service Sunday because 1.200 of the more fortunate, who ime early, had already crowded the edifice to the doors to hear the reading of his resignation by Rev. Dr. Charles F. Aked. Seldom in its history has the church been more crowded. The Rockefeller family was represented by John D. Rockefeller. Jr., and his sister Mrs. Harold F. McCormlck of Chicago. Dr. Aked resigned without revealing the "vast scheme" upon which he had based the "hope of a great ministry in New York." It was the failure of the realization of this "vast scheme" which is said to be the real reason for his decision to leave New York for the San Francisco pastorate he announced today he would accept. The statement Dr. Aked read to his congregation was as follows: Dr. Aked's Statement. "My Dear Brethren I obeyed what I believed was the call of duty in accepting the pastorate of this church four years ago. I am acting with no less sense of responsibility in obedi ence to what I believe to be the dictate of duty and conscience in asking you to accept my resignation of the pastorate. "The workings of my mind were fully revealed to you in the statement which I read to the congregation last Sunday morning, a copy of which is annexed to the letter. I desire now only to emphasize what In the statement itself is already emphasized, my unbounded and undying affection for you. It is one of the joys of my life that I know you. It is a part of the wealth of my life that I love you. And I glory in your affection for me. "To you who know the facts the stories about dissension and quarrel and such like are merely foolish. The circulation of such stories distress us; the stories cannot affect our relation with each other. From the moment when I landed on these shores four years ago until the moment when 1 read my statement last Sunday, there has been no quarrel between me and any member of the church or the congregation, man or woman, official or non-official, and I have not one secret corner of my heart which cherishes bitterness against any living soul. I say these things not for the sake of a sensation loving press, but out of regard for the future of the church. Can Do Better Elsewhere. "I am resigning the pastorate here because I believe that I can do better work elsewhere. If I did not think so nothing in the world would take me from you. I have failed to reconcile myself to the conditions which limit our work, and you have failed to find a way of changing conditions. And so it is right that I should go where can do most good; and you should find a pastor who can do his best work in the gracious environment which you can provide. That is all except to tell you again that the name and the fame and honor of this church will forever be dear to me. I am, best of comrades and dearest of friends, sin cerely yours, Charles F. Aked." "I may add that it will be kind to me to act upon this resignation as early as possible. I do not feel free to accept a call to another church un til you have accepted my resignation And if you are interested in my future movements you will perhaps allow me to say that I have had three sugges tions from England, one attractive, which I debated with myself for some time, but that on Friday I cabled and wrote definitely closing the discussion. I am going to close my mind entirely against any thought of returning to England now or at any time. When you have acted upon my resignation I shall accept the call to San Francisco. I still believe, as I believed when came here, that the best work of my life is to be done under the American flag and in fellowship with the Ameri can churches." On Wednesday night the meeting of the spiritual body of the church will be held in the auditorium to vote upon the resignation. The trustees announced that they would issue no statement as to the probable successor of Dr. Aked until his resignation has been passed upon by the church body. City Statistics Marriage License. Lewis H. Zurwell, Richmond, 22, assemblyman, and Lucy C. Brown, Richmond, 19. Deaths and Funerals. PERRY Leathe Perry, 95 years old, died Sunday. She was one of the oldest colored women in Richmond. The funeral will be held Tuesday afternoon at two o'clock and burial will be in Earlham cemetery. ROGERS Mrs. Roseada Rogers, 19 years old, 113 South Second street, died Saturday night. The husband, Edward Rogers and two children survive. The funeral will be held Tuesday in Salem, Union county, where the body will be taken. BEAN Elizabeth H. Bean, 86 years old, widow of the late John M. Bean, died Sunday night at her home, three miles north of Greensfork. The funeral will be held Wednesday morning at the house. Burial will be in Crown Hill cemetery, Centerville. Five daughters, one brother and one sister survive. If yon are troubled w!w sick fceatuene. con rtrpaticm. indigestion, offensive breath or anr disease arista? from ctomacb trouble, get a 50c or SI bottle of Dr. Caid well Syru, Ftepsia, It

m oovsmiT -oaraMM to

LATE MARKET HEWS

NEW YORK STOCK QUOTATIONS Furnished by A. W. Thomson Co., Hittle Block. Phone 2709. Correspondents, Logan and Bryn.

New York, March 13. Open High Low Close Copper 62 63 i 62 M 63 Vs Am Smelting- 74 73 74H 74 U S Steel ... 7Si 77, 76 767s t! S Steel pfd 11S4 11$ llSi HS Pennsylvania 125 126Vi 1231s 123s St Paul . 1204 121 120H 121 Mo Pac .... 358 56 55 53 N Y Central. 1064 107 4 1064 1067i Reading' .... 134Tg 1334 354H 133? Canadian Pac 2154 215 2144 ZU Gt Northern 12434 124!i 1244 124T I nion Pacific 172V4 173 V 171 1734 Northern Pac 121 M Utk 121 U 122 Atchison ... 106,i 107 106 107 B R T 76 76 764 76 Southern Pac lla 1164 115 116 Can Pr Sl Sl

CHICAGO GRAIN. Furnished by A. V. Thomson Co., Hittle Block. Phono 2709. Correspondents, Logan and Bryan. Chicago, March 12.

'WheatOpen High Low Close May 91 9H4 90 90 July S9 90 88 SS Sept 89 89 SS 88 CornOpen High Low Close May 50 50 49 49 July 50 50 50 50 Sept 51 51 51 51 High Low Close May 31 31 30 30 July 30 31 30 304 Sept 30 31 30 30

Liverpool Cables Close, Wheat Lower; Corn Unchanged "4 Up. INDIANAPOLIS LIVE STOCK Indianapolis, March 13. Hogs Receipts 2,000; tops $7.25 Cattle Receipts 500; steers $5.00 5.75. Sheep Receipts 50; unchanged. CHICAGO LIVESTOCK Chicago, March 13. Hogs Receipts 56,000; 7.05. Cattle; Receipts 27,000; 6.85. . Sheep Receipts 20,000; Lambs $6.45. bulk 96.90 beeves $4.90 prime $4.75. PITTSBURG LIVESTOCK Pittsburg, March 13. Cattle Receipts 15 car loads; 1015o lower; choice $6.506.70; butchers $5.806.10. prime wethers $4.85$j5.00. Sheep 20 double decks; prime wethers $4.95$5.00. Veal calves $9.5010.00. Hogs Receipts 48 double decks;' market 25c lower; prime heavies $7.20; yorkera $7.50; pigs $7.60. Lambs $5.006.85. E. BUFFALO LIVESTOCK East Buffalo, March 13. Cattle Receipts 3,700; head; prime steers $6.506.60; butchers $5.25 6.50. Hogs Receipts 15,000; 15 20c lower; heavies $7.307.35; pigs $7.50; yorkers $7.407.65. Calves Receipts 1,500 head; 15c lower; choice $10.25. Sheep-Receipts 21,000; higher; prime ,$5.15. CINCINNATUJVESTOCK Cincinnati, March 13. Cattle Receipts 3,500; 10c lower. Hogs Receipts 3.500; 15 20c lower. Sheep Receipts 300; strong. Lambs $6.35. INDIANAPOLIS GRAIN Indianapolis, March 13. Wheat S9o Corn 46C Oats 31$4c Clover seed 18.60 TOLEDO GRAIN Toledo, March 13. Wheat ....90c Cora 48 c Oats 32 c Clover seed $8.9S CHICAGO GRAIN Chicago, March 13. Wheat y.-319sO Corn 48a Oats 30c --'?-'- Sht T.iarried Mr. Jonaa. For whatf He'd told her Just batfore His mother couldn't bake, but sot Her biscuits at the store. Cleveland Leader. "He seems very fond of bin wife." "No wonder. He married her for her money and afterward discovered that she possessed twice as much as sh claimed to have." Boston Record. Dainty little raindrops. Sparkling on the street. Make a lot of hard drops t When they turn to sleet. : ' Jadasv "Daughter, has the dnke told yon th Id, old story as yet?' "Yes. He says he owes about 2O0KXl plnnks.' Pittsburg Post, The microbe nestles In the snow i... 1 . . 1 W U.l... n, In comfort be Is lying- low SVkr vtatima imi therm mnui . Vi w - - Waabtagtoa Star.,''

t