Show GOULDS LOSE CONTROL St Louis Southwestern Absorbed By he Chicago Eastern DUnois New York JUly 26The Journal and Advertiser says The Goulds are understood un-derstood no longer to have control of the St Louis Southwestern railroad It Is stated reliably that banking houses Identified to some extent with 111e Chi cage Eastern Illinois now hold a majority ma-jority Interest In the property lost of the improvements which have been recently re-cently made In the way otnew equipment equip-ment heavier rails and better roadbed have been at the Instance ot the new Interest now in control The payment of the Interest on the second Income bonds was forced by the present controlling con-trolling element very much against the wishes of the Goulds who prefer to keep the money In the treasurY Edwin Gould retains the presidency but Is no longer the active manager ot the property prop-erty which work now devolves upon the vice president and general manager man-ager who was formerly with the Great Northern and who practically revolutionized revolu-tionized the business In the property The connecting line of about eighty seen miles which will run from the northern terminus of the Chlcqgo Eastern Illinois will It Is expected be completed within about thirty days When this Is actually finished through trains can be operated from Chicago to the gulf over a shorter route than any except the Illinois Central which however I how-ever has the disadvantage or not haying hay-Ing as good port taclllties as can be offered by the Southwestern With the train mileage question the predominant feature or modern railroading the new line will be particularly well equipped as the Improvements on the Southwestern Southwest-ern have brought that line up to date enabling the running of the heavy locomotives loco-motives and cars of the Eastern 1IU noi over theentire line It Is author 1tatiel stated that the Rock Island system does not figure in the new I deal I |