Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-03-14
A. I. ROwand Gives Up the Presi-
dency of the Signal Company
TO I, b. Goodman and
WESTINGHOUSE REPRESENTATION.
The Arrangement to BE Completed at q
Meeting of the Directory Held in
Philadelphia To-Day.
E. F. WATERS UPHoLDS ME-. ROWLAND,
Who Will Act as Vice President When Hs Has Recovered
From His Present Illness

From his Present Illness.
A T Rowand has rendered his resigna
ton as President of the Union Switch anC
Signal Company, and the Board of Direc
tors will meet to-day, in Philadelphia, tC
accept it, and elect z. H. Goodman, the
General Manager as President in his stead.
A, T. Rowand will be Vice President. This
change in the personnel of the board has
been brought about in Difference to the
opinion advanced that the Westinghouse
interests should have representation on the
board. Mr.. Goodman was on the old board,
but is not on the new. This, anyhow,
is the reason advanced for the change.
There are stated to be other causes which
brought about recognition of Mr.. West
inghouse as being in some slight degree in
terested in the welfare, and concerned with
the business of, the company, but they have
not transpired. This arrangement was sug-
gested at 4 meeting on Thursday and con-
cluded yesterday. Among the reasons as
signed by Mr. Westinghouse friends for a
reconsideration of the matter which has
ended as above stated are the following:
Some Things Discovered by Boston People.
1t is said that the Boston people were not
aware that the company held Mr.. Westiug-
houses personal collateral to enable 1t to
cover discounts, and that Mr.. Westinghouse
was privileged to withdraw that collateral if
he thought proper. This fact is said
TO have been a factor in considering the
matter, especially beside the fact that future
discounts might not be obtained with
desirable facility, or as readily. 1t is also
said that many of the patents under which
the company operates are held by Mr.. West
inshouse personally, and such arrangements
exist as would enable him to terminate
them within a specified time.
The rumor that Mr.. Rowand had resigned
was spread at an early hour Yesterday. Con-
cerning it nothing could be learned on the
second floor of the Westinghouse building.
Mr.. Westinghouse was busy, and, anyhow,
had nothing to say. Passing from his
Office for moment, he observed the
reporters, and said, laughingly; "Still on
the warpath. eh?" but did not pause long
enough to enable any questions to be put to
him. He looked well, end did not seem
disturbed by events. His private secretary,
Walter Uptegraf, remarked that their side
had nothing to say, very particularly, but
he opined that some news could be obtained
from Mr. Waters or Mr.. Rowand. The
latter gentleman had not been in town DUR
ing the day, and inquiry at his residence
elected the intelligence that he was confined
to his home by prOstration. He was too i'll
TO see anyone.
4 Change of Sentiment Predicted.
Edwin f. Waters was not disposed to
discuss the affairs of the company at first,
but finally submitted to be interviewed. He
scored certain newspapers very severely for
what he characterized as their gross, un-
just and unwarranted attacks" on Mr. Row
and. and said that when more light was
thrown on the matter, there would be a
change of sentiment regarding the entire
affair.
The condition of the company's affairs"
he said, demands that caution should be
exercised in any statements made regarding
them. and much has been already said that
has only resulted is misleading the public
respecting Ehem. 1t is not yet time to say
awning
take, but 1 can say that when the position
we have taken is fully understood there will
be a revulsion of public feeling in favor of
Mr.. Rowand. That gentleman is utterly
prostrated bv the attacks made on him;
attacks that were without an iots of foun-
datIon.
Mr.. Waters would not reply, when asked
If Mr.. Rowand has resigned as reported,
but left it to be inferred that he had.
Attorney Sol Shozer, Jr., was more CON-
municative. In reply 10 questions he said:
"It was arranged at meeting held yester-
dav. that Mr.. Goodman should become
President of the company and Mr.. Rowand
Vice President. This was decided upon in
consequence of advances made by Mr..
Westinghouse and his friends, that that
gcntleman's interests should have represen-
tstion on the Board of Directors. There
will be a meeting of the board tomorrow.
in Philadelphia, to rearrange the official
positions. This readjustment is not in any
way due to a supposed illegality in the cleo
rion, or as in the nature of a COM
promise. but to a belief that Mr. Westing-
house is entitled to have Il local representa-
tive on the board. Mr. Goodman was on
the old board, and is qualified to take care
OF the interests of the whole of the share.
holders"
To-Day's Meeting in Philadelphia.
Mr. Waters left on the fast line for Phila-
delphia. He said that there would be a
meeting of the board there to-day to make
changes in its officers. He added that he
was entirely satisfied with everything that
had been done, and that the business of the
company would be put on better basis
There was deal of nisapprehension about
its affairs that would shortly be cleared up.
He repeated what he had already said, that
Mr.. Rowand's attitude was misconstrued,
and that the result would show him to be in
the right. The meeting is to be held in
Philadelphia to accommodate the directors
who belonged chiefly in Boston and Phila-
delphia.
Several of the signal company's officers
were at the depot to see Mr.. Waters of. Mr..
Westinghouse is still in town, but he may
leave to-day. He is reported as having
made good progress with Electric matters.