New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-09
THE ELEVATED ROADS.

THE METROPOLITAN'S NEW DIRECTORY.
ANNUAL MEETING OF The OBSERVATION-DISCLOSURES
AMONG THE DiaECTORs-POIICY TIE NEW
MEN.
At the annual meeting of the stockholders OF the
metropolitan Elevated Railway Company yesterday
the following directors were chosen: JAY Gould,
Russell Sage Sidney Dillon. William r. Garrison,
Jose +. de Navarro. Sylvester III. Kneelard Joseph
S. Stout, G. NJ. Dodge, Horace Porter Washington
f. Conner and Samuel Sloan. OF these only three
were members of the former Board: Jose f. dc Nav
arro William K. Garrison and Horace Porter. The
ticket elected yesterday received the votesot 52635
shares of stock ont OF total capnai Oh oo,oOO
shares there opposition.
Ii il understood that the ticket made mp after
consultation be wcen members of the new and
former boards. The policy which will be adopted
by the new management was not made known yes
terlay. Members of the new beard claim that there
will be perfect harmony in the relations between
the New-York and Metropolitan companies hut be-
yond that general statement refuse to Indicate the
course that will be pursued meeting of the di-
rcctors for organization will he held Monday, when
it is probable that the future management of the
road will be discussed
Russell Sage said yesterday that the new directors
ha at present no definite plan of management
We propose first to put an end to the costly
quarrel between the Ncw-York and Metropolitan
companies l an FOR harmonizing the interests of
the two roads every one who knows me knows
that much. l am always ready to utilize existing
roads. an in this case shall he opposed to every
thing looking towards increased expense or further
outlay. Their will never be any more elevated rail
roads in this city, and this company has great
uture before it. cannot say now what the policy
OF the board will. be; in fact l do not think it
has one yet. A meeting of the board will be held
Monday, and then perhaps, something can be said
'out it,
Jose F. de Navarro said that he knew nothing
Whatever about the purposes of the new directors;
that he had not been consulted about change in
the policy of the company and he Was oaly one OF
snail minority III the new board. 1.-The new MEM
beers bring great strength to the company" Mr..
Navarro remarked. " and NTH that am content. 1t
was abont time wtist either pay or break"
One of the reelected directors said yesterday to
TRIBUNE O. ,rtcr:
The botri elected today is composed of the big
stockhO. '@i~ c the Metropolitan Company and it is
strong enungh 10 harmonze the existing difficulties
between jhe rumpauies What 1t will do, will be
determined ueSt Monday when, it holds its first
meeting. Its members are friendly to the Manhat-
tan Company, believe in the two roads and will try
to make them valuable as possible"
Z" Will the lease he dissolved was asked.
but some way out of the difficulty will be found if
the people stand by the board"
sidney Dillon answered reporters questions by
saving:
IL have nothing to say because don't know any
thing about the matter. had nothing 10 do with
my election and knew nothing about it until was
elected"
Joseph ). Stout said that the plans OF the Metro
pOhtan directors with relation to the Manhattan
Company would be developed at meeting to be
held soon There is one thing wish you would
say" said his partner, sylvester Ill. kpecland, who
" understand that HE ThIBUNE this morning says
that the new board will WORK i'll the interest of the
New-lork Company"
d" Not quite that; The TRIBUNE says that Mr..
Sage said that the company would be managed in
perfect harmony with the New-York Company"
oh, that's very different thing OF
will be in harmony with the New-York Company,
but we are going to wori, IN the interest of the
Metropolitan-all the time"