The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-03-15
LOST ITS IDENTITY.
Lake Shore Road FinallyMerged
in Northern Pacific.
NEW SET OF OFFICERS CHOSEN,
Jacob Furth Vice President. Nadeau
superintendent - History of the
Road and Its Struggles.

The complete transfer Of the Seattle
Lake Shore q Eastern railroad to the con-
troll of the Northern Pacific was made yes
terday. The old executive officers who
have managed the road for the last two
years retired and were succeeded by an
-Shtirely new staff composed of Northern
Pacific officials.
The stock, which was sold to the North.
ern Pacific and which gives it control, has
been transferred, but as the necessary
proxies had not arrived the meeting of
stockholders, SO often postponed, could
not be held. However, in accordance with
arrangements between the two parties to
the deal, the board of trustees carried out
the change. The old board first
met and then one member resigned.
His resignation was accepted and
one of the nominees of the Northern Pa
citic was elected to succeed him, and i'm
mediately entered upon his duties. Then
another old member resigned and another
new man was elected his successor and
took his seat. So the process was repeat
ed until the whole of the old board had
been replaced by the new men without
once lacking quorum. The new board is
! composed of James B. Williams. of New
ern Pacific; George S. Baxter. of New
York, who is treasurer of tho Northern
Pacific; George W. Dickinson. of Tacoma.
who is assistant general superintendent of
the Northern Pacific; Jacob Furth. of
Seattle. and l. A. Nadeau. who is assist
ant superintendent of the Northern Pacific
here.
The new board then proceeded to the
atn Of
ham, the president, and John Craig, the
auditor, having handed in their resigna-
tons. The new officers are: President.
lanes B. Williams, New York; vice presi-
dent, Jacob Furth, Seattle; acting man.
ager, George W. Dickinson. Tacoma;
treasurer, George S. Baxter, New York,
!. who is treasurer of the Northern Pacific;
assistant treasurer, C. A. Clark, New
York, who holds the same position with
the Northern Pacific; secretary, George II.
Earle, of New York. also secretary of the
Northern Pacific; assistant secretary, W.
0. Chapman, Tacoma, of the firm of
Mitchell, Ashton & Chapman, the North
ern Pacific attorneys; auditor, J. A.
Banker, st. Paul, who is general auditor
ofthe Northern Pacific; assistant auditor,
A. A. Mayo, st. Paul, who has been chief
clerk in the general auditors office, and
will be the actual successor of Mr.. Craig:
chief engineer, J. w. Kendrick, Chicago;
superintendent, l. A Nadeau. J. NJ. Han
naford, general traffic manager of the
Northern Pacific, already holds the same
position on the Lake Shore, and will con-
tnue to do So
Of the retiring officers ex-President A.
:. Durham is vice president of the Seattle
Coal and Iron Company and the Green
River Coal and Coke Company and is also
president of the Silver Queen Mining and
Smelling Company, and will hereafter de-
! vote his attention to the affairs of these
companies. His secretary, Walter f. But
Ter, remains with him. Ex-Auditor Craig
is auditor and secretary of the Seattle Coal
and Iron Company and secretary and
treasurer of both the Green River Coal
and Coke Company and the Silver Queen
Mining and Smelling Company. Messrs.
Durham and Craig removed to the offices
of these companies, on the fourth floor of
the Burke building, yesterday. L. ]. Hea-
cock, the cashier, and II. r. Talcott, the
chief engineer of the old management,
will retain those positions temporarily,
but the former will probably take the same
position with the coal company. E. w.
Ruff will probably retain his old position
as general freight and passenger agent.
Mr.. Dickinson stated yesterday that
there VIII be no further changes among
the officials at present. He also said that
yhe road would still be operated under its
old name, and that, if there is any change
in the name, tina road will be called the
Seattle division of the Northern Pacific
The headquarters will remain in Seattle,
and Mr.. Furth. as vice president, will he
the executive officer in charge here, hold
Ing q position analogous to that of the
president under the old management.
The stockholders meeting will be held
today, and will formally elect the new
board. The change will then be complete
in every detail.
NJ p. Martin, assistant general auditor
Of the Northern Pacific, who has been in
the city for several weeks making the
final arrangements for the transfer, leaves
this evening for his home in st. Paul.
1t is understood that the Northern Pa
cifc, through its financial agents. the
North American company, bought $780,
600 of the 81. 800 900 of stock issued by the
ASeattle, Lake Shore IL Eastern company
at about II cents on the dollar, and thus
owns about two-thirds of the whole. 1t
also guaranteed per cent. interest on the
bonds At this rate the stock cost it about
81, $50 0O0