The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1893-10-12
And With Are Him Messrs. Sinclair,
SeWaIl, Webb and Haven.
6NEXPECTED CHANGE In BOSTON
AND MAINE DIRECTORATE.

| mors of Clean Sweeping by New
| Broom-The News in Portland.
| Lawrence, Mass, October 1.-THE an
| nual meeting of the Boston & Maine rail
road today resulted in an overturn in
| the board of directors, which was entire
ly unexpected by the public and will be
the cause of no end of guessing as to its
results. Five of the former members of
| the board, including Hon. Frank Jones,
whose name for years has been the very
synonym for Boston & Maine itself,
were found outside the breastworks,
| and the most radical change the manage
ment of this live corporation has under
gone for a number of years took place.
| The other retiring directors are Charles
A. Sinclair of Boston, Arthur Sewall of
Bath, George G. Haven of New York and
| w. Seward Webb of New York.
| In their places, Henry M. Whitney, ex-
president of the West End railway of Bos-
| ton, F. Dimock of New York, end VIM.
| Whiting of Holyoke were elected.
| To those of the stockholders who are
| not on the inside" this overturn in
| Boston & Maine affairs came like some
| thing akin to a shock, although various
| hints of what was to come at this meet
| ing have been afioat in railroad and
! financial circles for some time.
| The meeting was called to order short
| ly after10. 80 O'clock by acting President
Jones, a goG%1y number of stockholders,
many of whom had come from Boston by
| special train, being present. A majority
| of the directors were on hand, including
| Hon. Richard Olney, United States at
| torney general and Henry r. Reed OF Bos-
| Il n1r r roir1 T11ff 10 Tnt
| C. Paige, Supt. ]. W. Sanborn, Sigourney
Butler and other prominent stockholders
and officials were also in attendance on
the rechristehing of the Boston & Maine
| Most of them came up in special car
attached to the stockholders train.
After the minutes of the last meeting
| had been read by Secretary Butler and
approved by the meeting, John G. Paige
| of Boston offered motion reducing the
number of directors from II to Is.
| While the vote on directors was pending
| Hon. Richard F. Olney took the floor and
| expressed regret that the name of Hon.
Frank Jones was missing from the list.of
directors.
He said he knew that the stockholders
would share that regret, and explained
| that although the greatest pressure had
been brought to bear upon Mr.. Jones to
allow his name to be used, he had. been
| forced to decline on account of per-
l L
| ly said concerning the change.
| The polls were closed at II. .45,. O'Clock
| and the committee reported that the
directors had been elected as follows by
| a practically unanimous vote:
Lucius Tuttle, Boston; Samuel c. Law
renee, Medford; Joseph S. Kicker, Port
land; George M. Pullman, Chicago;
Richard Olney, Boston; VIM. F. Hart,
Boston; A. w. Sulloway, Franklin, N.
| L Joi+
Hunnewell, Boston; Henry R. Reed,
| Boston; Aretas Blood, Manchester, N.
H.; Lewis Cass Ledyard, New York;
Henry NJ Whitney, Brookline; Henry
Dimock, New York; VIM. Whiting, Hol-
yoke. H
1t was voted to approve the lease Of
| the Boston & Lowell railroad corpora
ton of the franchises and prop
erty of the Peterboro railroad, upon the
terms agreed to by the directors, also to
approve the purchase of the West Ames-
bury branch railroad.
The stockholders also voted to issue so
year bonds to an amount not exceeding
| 50, 100000. at rate of interest payable
semi-annually, not exceeding 5 per cent
| for the purpose of refunding the debt.
AT meeting of the directors this after
| noon Lucius Tuttle was elected president
| of the road.
! The changes that have been made in
the directory, together with the election
of Mr.. Tuttle as president, presage gen
eral shaking up in the Boston & Maine
system, and it is probably only ques-
| tion OF days before the new broom is ap-
piled. A number of the heads of depart
| ments are understood to be marked for
| decapitation, and it is expected that the
| superintendents of at least two of the
| divisions will be replaced by new blood,
and that the passenger department will
also receive a shaking up.
| The revolution in Boston & Maine
| affairs that has been in progress during
| the last few years is pretty well illus
trated by the fact that of the directory
| of 1883 only three Of the original mem
| bers are now on the board, Messrs. Law
| renee Olney and Kicker.
! The election of Messrs. Whitney and
| Dimock is somewhat a surprise. Both
gentlemen are prominently identified
with the steamship business and warm
personal friends. It is undertood that
Mr.. Whitney represents the stock formerly
! held by his brother, Hon. William C.
| Whitney. Mr.. Whiting is supposed to
represent the interest Of the Connecticut
| River road
| A-SURPRISE:IN PORTLAND.
/ g. ~