Evening Star Newspaper, September 27, 1926, Page 19

- ably “From bankruptcy to aluence” has been the story of the development of American railroads since their return %0 private operation after the war. ‘When the carriers were turned back 0 theff owners six years ago they were challenged to demonstrate that they could make them perform ef- ficiently. If they falled, Government operation as a permanent policy seemed inevitable. Speculative Wall Street, In its present clamor for rail- yoad stocks, is registering its opinion that private management has made good. The return of railroad shares to market leadership is the most significant stock maurket development of the year. The new success of the railroads in | thus far this' earrying more freight year than in any corresponding period in their history-—and with greater dis- patch and efficlency—retlects good management Who are the men who are re ing the American railroads?” Who are the topnotchers at the heln of the 191 | larger railroads in the United States? Statesmen of Railroading. Among the 12 best railroad leaders there is a wide diversity as to techique iblic relations. Elliott, chairman of Northern Pacific. und Namuel Rea, who stepped fromn the presidency of Pennsylvania last year when he at tained the of 70, are the elder statesmen of railroading, men who are widely respected for their thorough knowl portation and their broad gauged pub- lic viston. Among the more active men. L. lLoree, president of the Delaware & Hudeon, chairman of the Kunsas City Southern and author of a groupin; plan in the Southwest, has what many consider the best analvtical mind in the railroad industry. He would prob succeed equally in any field, whether pure science or applied life where mental energy is u high asset respect, he is like the late Ju schmitt, former ch the So rern Pacific Co. 1= recognized us the advis transportation matter to the firm of Kulin, Loeb & to J. P. Morgan & Co.. is rman of . he most im The public Mr. Loree seemed at times matic. That is bec is intoler- ant of error and neve his sails to compromise \with the opinion those with whom he disagrees. has been perhaps the str st foe of tendencies of government to encroach upon the rights of private manage ment in railroading and in labor ar fairs he has never followed conven tionally progressive policies. Outside of the Van Sweringens of Cleveland. Mr. Loree is the most sig nificant figure In the present import; ant movement toward railroad merg ers Oris Van brother, Mantis .J younger, unit, for the: sweringen and his wr d ard partners in all their nndertakings. The Van Sweringens, who are still bacl ed 47 and 45, respectively, as boy 1 a news route in Clevel i They early saw possibilities in sub urban real estate and in 20 vears took millions as their profit for developing the Shaker Heights district. At a time when the spirit of advenure in| railroading was at its lowest ebb they brought the same high degree of in itlative, enterprise and venturesome- mess into railroading which they had the | - | ment which next | | ! previously shown in the real estate | | fleld. Less than 10 years after, they | | are the dominant factors in the Nickel | | Plate, the Pere Marquette, the Erie, | {the Chesupeake and Ohio and the| | Hocking Valley, and will soon submit | {for the approval of the Interstate | Commerce Commission a second plan | | for unifying the five roads. The Van | | Sweringens are builders who thus far | have had a high average of success in whatever they have sponsored. J. J. Bernet, president of the Nic Plate, is the chief technical adviser of the Van Sweringens. As operating | Vice president of the New York Cen- | tral, he grew up with the late A. H. | Smith, former president of the | tral, and is closer to Mr. Smith’s ty |than any other railroad executive in | the country—an amazinly agsressive | producer of new business. He is also !a shrewd and capable operating man | and unquestionably will head the pro- posed new unified system if the Inter | state Commerce Commission approves ithe revised plans. E. N. Brown Exceptional Man. Of the Nickel Plate group, E. N | Brown, chairman of the Pere Mar- quette, who is also the head of the | Frisco, is likewlse a man of excep- | - tional capacity and judgment | Apart from mergers, the most strik- ing development in the railroad field has been the renaissance of prosperity {in the South. A man little known out- [ side of his district, W. R. Cole, new | president of the Louisville and Nash- | ville, has heen described by men on | | the inside as head and shoulders above 1l other Southern executives. The { manner in which Fairfax Harrison, B dent of the Southern, lifted that | hitherto weak system into th of the strong and prosperou tamps him s a man of marked + | achievement. The newest spurt in the - | South h Seabual under S. Davies Warfield, been the atterupt of the | "THE EVENING STAR, WASHINGTON, D. C. MONDAY. SEPTEMBER 27. 1926. MUTT AND JEFF—Jeff Taxes His Brain to Solve a Hot One Right Off the Griddle. JEFFE, You've ALWAYS TOLD M& THAT YOU'Re GOOd AT SOLUING CRoOSS-WORD Pu2ZLES, RM®DLES AAD ALL habilitating that ill-fated system Railroad presidents fali into two classes—the big-minded and the lit- | tle-minded. The foregoing are among the big-minded leaders. The Business of Getting i Ahead | i At What Age Should a Man Refll’e?% to win its way back to unquestioned| A robust individual will not volun- | olvency. | From the standpoint of public | esteem. Daniel Willard, president of he Baltimore and_Ohio, Messrs. Rea and Elliott. Many con- ! | sider Mr. Willard the first citizen of | Baitimore. He is a liberal, an inno- | vator und a public spirited citizen. | “nder his leadership since the war | the comeback of the Baltimore Ohio has been one of the three {four outstanding Mr. Willard's progressivism lustrated by his ploneering in labor relationships in the shops. For an allaround executive. wKo { has built up perhap unning railroad hine in the | country, €. H. Markham, president of Hlinois Central, is pre-eminen ol Loomis, president of the Lehig al- ley. hus demonstrated simllar organiz- ing qualities on the Lehigh Valley. Incidentaily, Mr. Loomis Is a close triend of George F. Baker, d an ad- viser to him on all railroad matters. Baldwin Is Markham's Student. L. W. Baldwin, new president of the Missouri-Pacific, is a student of | the Murkham school, having formerly been operating vice president of the Illinofs Central. Incidentally, the Iili- nois Central has been a training railroad_men all over the J. M. Kurn, president of the Krisco, is another succ ample of thi less than three yvears has miade the formerly emaciated Missouri-Pacific, which the Gould family fumbled with. | the nucleus of a great new sys the Central West and South Other big names in railrouding_are “arl G 2 Sproule of the Southern Pacific, red Saggent, new president of the | Chicago and Northwestern, and Pat rick E. Crowley, new president of the New York Central. W. B. Storey, lead {er of the railroad presidents who were engineers. shows a high degree of technical sklll as president of the Atchison, Topeka and Santa Fe. J. Pearson, head of the New Haven, should he mentioned for skill in the | patient and intelligent job in re- cAsk for the Handy Pach ranks with | and ; spending pow or | venture "ot railroad develop. | desire to do constructive work, and the smoothest | E. | tionally arily withdraw from active business | ife until he has built up a compe- ence. 3ut every man who has be- | jcome financially independent is mot ready to retire. Millionaires continue the chase for dollars long after they,have amassed | fortunes which far exceed their ! The love of the ad- | business leadership, the | the will actively to supervise their Investments. keep the ultra success- ful at the grind long after profit-seek ing hay ceased to be necessary. | Although our crop of millionaires is large and erowing. it consists, of | course, of a small minority of excep- circumstanced men. The average man, s find joy in h s |driven by the lush of economic neces- lsit. To bulld up an investment |structure which will provide enough income (o finance the evening of his life, after he has quit active work. jis the goal of every ambitious indi- {vidual who is intelligent enough to |realize that he depreclates as a pro- | Queing machine in the latter part of his life. Every well managed corpo- ration allocates part of current in-; {come to special funds or reserves against the wearing out of machinery and other assets. The prudent in- dividual will take a leaf from the book of corporate finance which old | age, accident and sickness ultimately cause. The Older Leaders. Averages are misleading, but ac- tuarial tables indicate that the | prudent man will not count on re- taining his full earning capacity long after 60—certainly not after 65. There | are exceptions both above and below | this limit. John Aikman Stewart, { chairman of the United States Trust Co., is 104 and still keeps tabs on his affairs. George . Baker. head of the First National Bank of New York, at 86, is one of the outstanding | leaders of presend-day venturesome (Continued on Twen | 20 7% more ~ jor your money WRIGLEY QUALITY 19 BY BUD FISHER (Covyright. 1926. by H. G. Fisher Mark Rer. U S. Pat. Off ) Trade MUTT, T GoTTA ‘\ S ADMIT I'Mm STuck! TELL Mme, WHAT 1S DuMBER THAN A DUMB NoRwEGIAN? / WHAT'S /DUMBER THAN A DUMB Nonweelp\nf [WHAT'S DUMBER: THAN A DUMB | | NORWEGIAN? | | ANSWER Me | THAT. THIS 1S A\ VERY A SIMPLE QuesTIon: GUERY CeLL IN MY BRAIN s FuncTionING "ON HIGH. SHooT! LOWER PRICES For Finer Studebaker Cars . An announcement by Albert Russel Erskine, President of The Studebaker Corporationof America N establishing prices on the new Studebaker Custom Sedans, we antic- ipated an increased sales volume. This has been forthcoming, for sales of Sedans since August 1st, 1926, have been more ‘than double the best previous similar period, and more than four times the same period in 1925. The following reductions in factory list prices are effective September 27, 1926: Standard Six Country Club Coupe . . Standard Six Sport Roadster Big Six Club Coupe . . . Big Six Custom Brougham . PRICE CUT $ 35 80 205 200 © Prices of Studebaker models are now as follows: STANDARD SIX Duplex Roadster . . . $1160 Duplex Phaeton . . . 1180 Coach . 1230 Sport Roadster . . . 1250 Country Club Coupe 1295 Sedan (wool trim) . 1330 Custom Victoria 1335 Custom Sedan . 1385 The Big Six Custom Brougham has registered a particularly gratifying vol- ume but our dealers assure us that if the price of this model can be lowered sub- stantially, sales can be trebled beyond even present volume. P R Y We are, therefore, reducing the price of this model $200.00, giving purchasers im- mediately the benefit of economies which will result from increased production. SPECIAL Duplex Phaeton Coach . Sport Roadster . Brougham. . . BIG SIX Club Coupe (5-Pass.) . Duplex Roadster . . . . Sport Phaeton (The Sheriff) Sport Roadster (4-Pass.) . Custom Victoria . . . Custom Brougham . . Duplex Phaeton (7-Pass.). Brougham (127-in. w.b.) . The President . . . . The Big Six Custom Brougham at $1785.00 is selling at the lowest price ever established for a Big Six four-door enclosed car. Prices of the Big Six Club Coupe, Standard Six Country Club Coupe and Standard Six Sport Roadster have also been reduced. | : | $1480 1530 1610 1680 1735 1785 1810 2130 2245 Aboocfil‘marcf. o.b. factory and include disc wheels and four-wheel brakes on all models.