Business: Gold and Iron

Charles H. Markham, 65, for 16 years president of the Illinois Central, had a new position made to order for him last week—Chairman of the Board of Directors. He had been ill for four months and his associates, "desiring to preserve his health and his services for the I. C.," voted Lawrence Aloysius Downs, now head of the Central of Georgia Railroad, to succeed him as president.

Railroad men have a way of being self-made. Lawrence Downs is thoroughly a part of this tradition. After graduating from Purdue he went to work as a rodman for the I. C., rose steadily through...

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