Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1891-07-24
At Tuesdays Meeting of the $500"
Stockholders President Fin
ney Resigns,
And Tom Lowry, Reported Las,
Spring as "Not in it, Elect.
ed His Successor.
A Little Inside History of the $500"
Management Made of Inter-
est at This Time.
The SoO's Annual Election.

Inc SoOS annual EleCGlOn.
The election of officers and meeting of
stockholders of the 500 line was held at
Minneapolis Tuesday and the result is
OF than ordinary interest to Bis
marck and North Dakota. At the meet
ing of stockholders of the 100000 shares
into which the company is divided 19O,-
0O shares were represented. After
t~ransacting the usual routine business
President F. N. Finney rendered his
resignation on the score of being unable
to devote the time necessary to the posi-
ton. He stated that when he first en-
tered on the duties he purposed leaving
Milwaukee and taking up his residence
in Minneapolis, but affairs had so
turned out that he was unable to do this,
hence the reason Of his resignation.
Hon. Thos. Lowry, the street car mag
nate, was then unanimously voted to the
vacancy and a vote Of thanks was &C
corded Mr.. Finley for his past services.
The following directors were elected
for the ensuing year: W. D. Washburn,
r. B. Langdon, ]. S. Pillsbury, w. G.
Van Horne, John Martin, Thomas Low
ry and F. N. Finney.
The following officers we're elected for
the ensuing year: President, Thomas
Lowry; vice president, r. B. Langdon,
general manager, F. D. Underwood; Sec
rotary and treasurer, W. L. Martin.
There is a little inside history regard
ing the 500 management that is of inter-
est at this time and is called out by the
results Of Tuesdays meeting of the
stockholders. It will be remembered
that Mr.. Lowry was president of the 500
company during the time the grade was
extended to Bismarck and continued in
that position until a year ago-being
superseded by MIR. Finney. There had
been prior to the election of MI. Finney
SOM trouble in the management of the
500. One bone of contention being
the legal adviser. 1t is understood
that Mr.. Lowry favored a certain party
by the way, a friend of Bismarck
for corporation counsel, but was opposed
this and other disagreements of the
board resulting in Mr.. Lowry's resigna-
ton as president and the ELECTION of
MIR. Finney.
1t will also be remembered that last
spring Mr.. j. w. Raymond, another ex-
Bismarcker and friend of MI. Lowry,
while visiting in this city gave positive
assurance of the Soo's early
completion to Bismarck. He
stated that the contract was
let and the road would probably be COM
pleted this year.. Further, he gave Tom
Lowry as his authority. Finney and
Lowry have continued to disagree and
the item setting forth MI. Raymond's
%utterances reaching the eye of Mr.. Fin
ney, that gentleman became very wroth,
and to a Minneapolis Tribune reporter
denied that the company had decided to
build to Bismarck and declared that Mr..
Lowry, although a stakeholder, had
nothing at all to say about the manage
ment of the road and knew nothing
about it.
Nothing more was said about the mat
ter, except that some of MI. Lowry's
friends felt a little chagrlned at the init
nation that he, owning 80 much stock as
he did, wasn't in it.
Putting this and that together, there
is some for Bismarck to be pleased
with the result of Tuesdays meeting of
the 500 stockholders.