New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-08-19
MR.. FITZHuGH WIrHDRAWS.
THE SUBWAY COMPANY LOSES IT'S HEAD.
HIS ACTION CAUSED BY TUE PRESS OF
prs,xrss-ylEws OF OIL FER OFFICERS.

HIS ACTION CAUSED BY TUE PRESS OF o'""
prsISrss-vIEws or olHER OFFICERS
=. o,no.d Yesterday afternoon that
pres;S"nt FtzSrch. of the Fleetrica Eur for
way Comranv which has, the conar"'' The
buryine the wires had ~ reS and accepted
res,gna'om was s' ~" directors on Monday. Mt.
E,1hn"h nor only resigns his Office OF pres,aen .
but also withdraws from the boara VI ho Concern.
Tie still however re- aims his stock IN ", LAW 70
The announcement Of his withdrawal led many 70
conclude that the organization was gong TO- vr
since vt has been generally unoersauGS" onimating
sn,rit Of the enterprise. Mr.. r,n nnaion
strongly insisted that his hayo b ress forced
meant NOTHING 81 the kind: 70 Tm,Brxr re-
porter "cutirely bv my other business core on the
This subway work REQUIRES constant c H. can
part of whoever is at the head Oh IT. ''N
nc R RSe w " did you not think of all tins month
seo," r that Of nv own
g'vHn" ", nn des Of the work that the
tslen It. However iast as he%v ns ever Nv
i tss Will not the MsmTe"
in the slightest. All this talk anU"i Is false. He
Flynn owning stock in ,ne hare nor has he TO my
noes hot own Commemorative in the orsalizs.SSh,
The stccthodcrs and directors are ~ 40 Win the
bus ness men nn The work will be started next
TnsSav or inst soon as the ceinll'SSo" 0"-
;nno,o a rc ready with the Speclhc". I.on,n
Mr. Fjtzhneh stated that none 9i 'no oxn"nsaes
that have been incurred thus taT We pave PT be
hands In o our own pockets sui mere WI, u 's
,,,n"tv Of money Forthcoming whenever ~ Is
Yomted Our capital is 5000. OoO, nnt 'hvre
vii no. much Of II he needed for some time. Me
shall only he allowed To lay cOndnits nun NC
sets H. and hence little money VIII nc thlirt ~ &
th;s vearu Mr. F,tzhugh admitted that the st"rics
nubl,shed about Flynn's alleged control had III
'uIsH a I1e Reltbazar Of aiigartcn & Co. No %
Rroad- ST is he treasurer OF the company. nc =.
that Mir Fitzhughs resignation was Que en,ircn y.
his other business relations ana Wouu IA hat
The contract in ony WAY. Mr.. Ralthazar auoe9 .i'.
W boord If directors were now considering
several schemes for raising funds but hau no' 9o'
decided any one. r r. ~ ,bo Con.
IL was stated nv Secretary Seton. OF the Con.
soIdated COMPANY that none OF the o'her oinOi",'
had resi- med nor was there to be any reot0hII;
ton of the company. The directors VIII me- 20 NJ
FItzhugh. Among those menfl0ned lor ny Inhn
are Vice President Henry j. Dawson anu III H.
Hoev director. The latter. II is thonen'. WI tbs
chosen As an explanation OF the t"c' u"o 81,
company has as yet made no application 10 't ~
Commissioner of Pubc Works for perm'ss", ="
open the streets it Is stated that inc li -. n,aT
the subway Commission gives II the reht 70 uI. .i
The streets without any further arrangement VIII
the city government chov Cormis
Mr. Flower chairman of the subway Uon1 IN, -
sion seemed trlie surprised to learn OF MI + 'A
bngIs resignation. but thought that 1t was hoe .
matter that concerned the c"mlnsSoreis' ln. '0 on
many was bound bv its contract 10 DeGin Woih vi
hnynst 81. and after that date he added, -, we we, l
iand 70 tho company" Professor Ledoux Will con
duct his publlc tests Of the conduit mat"rlai u. ~
Ell ihomas-st this morning. He will report to the
commission at a special meeting on TUESDAY.