New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-11
VANDERBILTS IN TILE q. AND II.
THEY GET THREE MEMBERS OF THE BOARD {

THEY GET THREE MEMBERS OF THE BOARD OF
MANAGERS AT THE ELECTION
At the annual meeting Of the stockholders OF c'e
Delaware and Hudson Canal Company yesterday the
programme foreshadOwed In The Tribune was carried
out by the election to the board Of managers OF
Cornelius Vanderbilt, Chauncey NJ. Depcw and Samuel
Spencer, in place OF W. ". Asor, John a. Stewart
ard Johnston Livingston, who declined reelection
The Board now Is composed as follows: lie Grand
r. Cannon James Roosevelt, Robert NJ. ELEPHANT,
BENJAMIN II. BristOw r. suydam Grant, William IL.
ninghast Alfred Van Santvoor, james a. Roosevelt
Alexander F.. Orr, Oliver p c. Billings, Samuel
spencer Cornelius Vanderbilt and Chaunccy NJ. Depew
The meeting was n brief one, but the number OF
the votes cast was the largest in the history Of tile
COMPANY amounting to 23O.6e9 shares. Only one
ticket was voted and John a. Stewart, representing
the proxy committee of the management, cast 49,,
O50 votes. He also cast about 1oOoo votes indiviou
alv Dr. W. Seward Webb voted 81, 800 shares MS
demonstration of separate strength 1t IS maintained
that the Vanderbilt Interest altogether controlled TO-
600 votes. Before the polls were closed n STOCK
holder asked President Olyphant II he considered it
good thing 10 have the Vanderbilts enter the board
Mr. olyphant replied by warmly commencing the
new element which Is TO participate hereafter In the
management He declared that the fact that the new
names were on the regular ticket was evidence that
ler presence In the board was deemed ADVANTAGEOUS
o the companv The yanderbilts were known MS up
builders and Of property, and their election
meant that the two companies would work closer
together and that there would be complete removal
Of the friction about which much was often read In
the newspapers. The election then passed on With
ont Incident The annual report was read, bnt the
ng1res have already been given In The Tribune.
II Is generally believed that the election Is signi-
fcant Of q thorough harmonization OF all interests
Affected BIZ the Reading coal combination. and VIII
leave the PENNSYLVANIA Railroad practically alone In
any policy Of hostility which II might decide 10
adopt agninst the carrying ont OF tho purposes OF the
alliance the coal companies. 1t Is not believed
however that the Pennsylvania Is determined to re-
fuse the benefit which will come To 1t coal carrier
in any plan for the Improvement Of the trade. NO
Immediate change IN the relations OF the New YORK
Central and the Delaware and Hudson Is probable
but Wall Street men look to the possibility OF I'm
rorfant developments In the future. 1t was doubt
less a disappointment 10 OF the Vanderbilt party
TINT larger representation ON the board coud n n
be secured, but that made impossible by the
mi ersandng which arose over Dr. Webbs solicit
ING Of proxies before the election. II IS thought prob
able. however, that later there may be additions mar
mOniously arranged 10 the new element now In the
DcIsware and Hudson management.
Albany Nay 10 (Spedal Concerning the changes
in the dIrectiry Of the Delaware and Hudson Canal
Company. Edwin Young the attorney OF the road said
TINT they carried no significance. Still the impression
f. abroad TINT there viii be changes In the man
agemcnt Of the road within month. and II is rmored
that Dudley Farn. who forced ont OF the Office
~ (cnenl Freight Agent by the Standard Oh influences
last year, is to be made general manager