Judge Lovett Retires

Robert S. Lovett, for ten years Chairman of the Executive Committee of the Union Pacific Railroad, announced his retirement from active management of the company on Jan. 1 next, on the score of age and health. Mr. Lovett will, however, continue with the U. P. in the newly created post of " Chairman of the Board," with the task of directing matters connected with consolidations and with the valuation of railroad properties in which the Interstate Commerce Commission is now engaged. In addition, Mr. Lovett will remain a Director and an ex-officio member of the Finance Committee, as well as continuing as a Director in the Illinois Central and the New York Central.

Mr. Lovett has been one of the leading railroad managers in the history of the business, and has been active in railroad work for 40 years. He was born at San Jacinto, Tex., in 1860 and was admitted to the Texas bar at 22. In 1884 he first undertook railroad legal work. In 1892 he became general attorney and counsel for all the Southern Pacific lines in Texas. For many years subsequently he was the right-hand man of the late E. H. Harriman, as general counsel for the U. P. S. P., and other " Harriman roads." From Sept., 1909 to Sept., 1913, he was Chairman of the Executive Committee and President of the Union Pacific and Southern Pacific systems. Since 1913 he has been connected officially with the former road only, as Chairman of the Executive Committee.