Salt Lake Telegram | 1906-02-26 | Page 1 | Schiff's Firm Quits Railroads

scmrrs PIRN QUITS RAILROADS Hemters 7ilhdrav Ironi s Directorates of ixu ': Cus Coinpanfe? ; ' .' , , " - NEW YORK, Feb." 28 Members ot the firm of Kuhn, Loeb & Co. have determined de-termined to retire from all railroad boards In which the firm is represented. represent-ed. It was announced today. The reason rea-son given for this step Is increasing difficulty which the members of the firm have been experiencing In meeting the demands of their own business and at the same time giving the necessar time and attention to the performance of their duties as directors of corporations. corpora-tions. Jacob H. Bchiff is the head of the firm of Kuhn, Loeb & Co.- Purauant to this policy members of the firm on Wednesday last resigned from the following boards: Union Pacific, B. & O., B. & O. Southwestern, Chicago A Alton, D. A R. G., Northern Securities, Oregon Short Line, Oregon Railroad and Navv igation, Rio Grande Western, Southern Pacific, Pacific Mail Steamship and a number of subsidiary corporations. It is understood that members of the firm of Kuhn, Loeb A Co. have not retired re-tired from the boards of the' various banks, trust companies and similar corporations cor-porations with which .they, are now identified. : ' .