Show i R S 3 LOVETT AT TH THE HEAD fAD Personal Counsel of E H HarI Har Harriman I riman Chosen hosen C to Succeed the i Wizard as Chairman of the theU theU theU I U P Executive Committee L F LOREE SLATED FOR PRESIDENCY OF ROAD Jacob H and William Rockefeller Placed on Directory Directory Directory tory With H C Frick M Hughitt and F A MORGAN NOT REPRESENTED New York Sept 13 The continuance ance of the Harriman policy in the management of Union Pacific South Southern ern em Pacific and the chain of allied railroads was made certain today temporarily at least when Robert S Lovett E H personal counsel and close cloe friend was elected to succeed Mr Harriman at the head of the Union Pacific executive com corn committee committee To tr further the dominance of the thi Harriman idea Jacob Tacob H and Rockefeller were el direr directors directors tors in Place of Mr XI Harriman and the late Henry H Rogers Racers and were chosen to tf places on the executive committee L F Loree Probable President The Imon nion 1 Pacific remains without a President as Mr lr Harriman occupied this position also It Is understood however that an operating man probably L 1 F FLoree FLoreE FLoree Loree president of the Delaware It Hud lied Hudson son will be elected by the stockholders Oct 12 Proxies for this meeting mee ng already are lire Jn In the hands handa of Judge Lovett and Alexander MIller Millar secretary of the Union Pacific and seem ReID to guarantee that elec election election election tion will be dictated by the Harriman In Interest terest Judge Lovetts Love Its office Is the most moot Im ho Important Important in the management and finan financial financial cial supervision of the Union Pacific Hi his close clo associations with Mr Harriman make him in the opinion of the Harri Harriman Harriman Harriman man lieutenants peculiarly fitted to as assume assume assume sume the responsibilities re of the position He and Mr Loree are closely familiar with Mr plans plane and dreams for the undeveloped territory over which he hoped to push the of his railroad systems Southern Pacific Meeting Today V The Southern Pacific directors will ill m mOOt meet t tomorrow It Is taken for granted that their action to liB fully forecasted tonea by b to days meeting that Judge Lovett Levett win be seated an as chairman of ol the executive com corn also in Mr Mi place with Jacob H or some other partner In hi the firm of Kuhn Loeb Co at his right hand as director and member of the executive committee Wall Vall street manifested more than usual interest t In the election in view of the rumors that a member of J T P Morgan Co would be elected to the Union Pa Pacific Pacific board No such change developed and as all it stands today toda the executive committee remains remain In the parlance of the street a Kuhn Oil board boan For besides Judge Lovett Jacob JacobH H and William Rockefeller the members are H C Frick of Marvin Hughitt president pre of the Chicago Northwestern and Frank A of the National City bank Wall Street Surprised The failure of the Morgan lorgan interests to gain a place on the reconstructed board was as a surprise to Wall all street where the thelast thelast thelast last weeks week II rumors had been given gen general general general eral credence It was pointed out to tonight tonight tonight night however that possibly the Mor Men Moran tan an interests fearing disastrous results from any radical changes at this time may ma have purposely postponed the selection selection selection tion of a representative until the regular annual election in October Of the two new members the selection of Jacob H attracted the widest comment commont for the reason that the firm of Kuhn Loeb Co formally withdrew a few years ago from active Von ton in the management of all the rail railroads railroads railroads roads for which they acted as bankers hankers No statement could be obtained from Mr Ir as to the apparent change but it was authoritatively stated that the In Interests Interests Interests of Kuhn Loeb Loch Co and of their powerful foreign connections had become so important in Union Pacific that It ItNa was Na believed unwise for the firm longer to remain aloof from participation in the government of the road Judge Lovetts Careen Judge Lovett who now becomes for forthe forthe the moment one of the most prominent railroad men In the public eye came to New York city in 1 K Born In Texas 4 oW years ears ago aKO he entered the railroad busl busi Ies 1055 while a boy as a iO jO a month freight clerk for the Houston Houton East Kast West Vest Texas railroad at Houston While serving servIng serving ing as a freight clerk he studied law at night and eventually became a country counsel for the road journeying from village to village and devoting his talents principally to settling cattle claims eases cases Later the made him a dis llis district counsel and his hiI success in straight straightening straightening ening out the affairs of the bankrupt company won him promotion to the peel position position tion of general counsel Ills Hie next step was membership m In a firm which represented the Southern Pacific He became so 80 valuable to this system under Mr Ir Harriman that t at he was made general counsel with offices at Houston Three years ago Mr JoIr Harriman brought him to this city |