Re: [CBQ] The Rumour Mill

["John Mitchell via Groups.Io" <icrr1680=yahoo.com@groups.io>]

The Q started buying GM&N stock around the time of completion of the Metropolis Bridge. By the time Budd was president, they owned a third of the railroad.

On Wednesday, June 5, 2019 2:01 AM, Rupert Gamlen <gamlenz@hotmail.com> wrote:

Gary / John

Do you know when Budd became a director of the GM&N? Was it related to the four way agreement with the GM&N, Alton and AT&SF in about 1945? I’ve had a quick look, including in Overton’s Burlington Route, but can’t find any reference to it, but presumably it was after Budd became CB&Q President in 1931, or at least 18 years after the impending purchase was rumoured.


Rupert Gamlen
Auckland NZ

 

From: CBQ@groups.io <CBQ@groups.io> On Behalf Of gary laakso
Sent: Wednesday, 5 June 2019 11:34 a.m.
To: CBQ@groups.io
Subject: Re: [CBQ] The Rumour Mill

 

That might explain how Ralph Budd became a Director of the Gulf, Mobile & Northern and voted against its purchase of the Mobile & Ohio from the Southern because it would mean a serious loss of traffic to the CB&Q  north of Paducah.  See discussion at p 32 of Jim Boyd’s the GM&O-The Alton Route in Color, Volume 1.

 

Gary Laakso

 

From: CBQ@groups.io <CBQ@groups.io> On Behalf Of Rupert Gamlen
Sent: Tuesday, June 4, 2019 3:42 PM
To: CBQ@groups.io
Subject: [CBQ] The Rumour Mill

 

From the 1913 Railway Review

It is reported that the Chicago, Burlington & Quincy R. R. has about completed arrangements to acquire control of the New Orleans, Mobile and Chicago R. R. [later Gulf, Mobile & Northern, later still Gulf, Mobile & Ohio] The Burlington tracks run as far south as Metropolis on the Ohio river, opposite Paducah, Ky., and the tracks of the New Orleans, Mobile & Chicago run northward as far as Middletown, Tenn., and the Burlington would have to build a short connecting line.
The New Orleans, Mobile & Chicago R. R., according to a rumor, is planning to begin work in the near future on its extension from Beaumont, Miss., into New Orleans, La.

If this rumour was correct and had come to fruition, the CB&Q tracks would have reached New Orleans. An interesting thought!

Rupert Gamlen
Auckland NZ

 

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