| Show J Is P MORGAN JR IS 1 ELECTED PRESIDENT OF NEW NEV YORK YORI BANK DANK i l lc c te 44 I IJ J I mn i I I J 3 P MORGAN JR JK ELECTION IS SIGNifiCANT Since Successor as President of Bank Is An Announced Announced Announced Wall Vall Street Says Morgans May Govern Rail Railroads Railroads Railroads roads I New York Sept 14 J P Morgan jr was elected today to the tIle late E B EH EH BIt H It place on the board hoard of directors of the National City bank ank By Wall street the election is regard so J of J wt OIt significant I wo t of The It gj I financial developments presumably indicating that harmo harmonious harmonious relations exist between the Morgan and the Kuhn Loeb Stand Standard ard Oil groups of financiers Added weight was given the event because it followed closely upon reports that the Morgan interests were about to take an active interest in governing the Harriman roads and that the younger Morgan was slated as the ulti ulU ultimate ultimate mate successor or of f Mr Harriman in com corn command command mand of the Union and Southern Pacific systems The National City bank bunk Is 13 controlled by the Kuhn Oil inter interests interests Interests ests which yesterday y assumed a com corn commanding commanding manding position po for the time being at t least in the Union Pacific executive committee George Geerge W Perkins of ot the firm of J P Morgan Co is already a Ii director of i the bank and the additional ad recognition re tion ghen the firm today was taken to mean not merely the existence of an entente but the tion Hon of at an active working alliance be between between between tween the two treat great of Amen Ameri I can financiers Commanding Position The commanding position which the National City bank interests now hold in the Harriman H railroads is indicated by the fact tact that four tour of the six mem bers hers of the reconstructed executive committee of the Union Pacific are dl di in the bank Jacob H William Rockefeller Frank A Vander lip hp and Henry C Frick The TIle changes in the Southern Pacific directorate today as a result of ot Mr lIr death were precisely prec I the same as those t made in the Union Pa Fa Pacific elite directorate yesterday Judge Lov Loy Lovett Loyett Lovett ett succeeded Mr Harriman as chair chairman chairman chairman man of ot the executive committee while Jacob H and William ler were elected directors and made members of the enlarged executive com corn committee committee No action was taken in n the mat ter ten of electing a successor or to Mr Har Harriman Harriman riman as president pre ident There were meetings today of the di dl directors directors rectors of the Illinois Central railroad and the company in both bothof of which Mr Harriman had member membership membership ship Neither board took action to fill till the vacancy |
