Freeland tribune. (Freeland, Pa.) 1888-1921, 1897-07-15

His Election Vas Complete Surprise to
All But Very Few Insiders-PoIicy of
the New Muaagement Not Yet Announc-
| ed-Several hanges Are Expected.
The long oked for changes in the
managemen II the Lehigh Valley Rail
road were D io at the annual meeting
of the comrany on Tuesday and proved
IA complete rpriso to everybody except
those imme lately interested. Prcsi-
dent L. p. " bur resigned as expected,
and j. T. N ryan showed his absolute
control of D. company by choosing as
his successor Alfred Walter, president of
the Delawaf Susquehanna and Schuyl-
kill Railroao who had never been pub
licly mention d for the position and who
has Represented an element in the coal
trade, the finn Of Coke Bros. e Co., of
Drifton, VIII b has been rather antago-
nistic to Mr Morgan : ideas of harmony.
His selection is taken as meaning that
the grip OF lr. Morgan on the trade has
been very n tcrially strengthened, and
it now covel practically every producer
except thcl nnsylvania Railroad.
President Wlbur's resignation was
presented a meeting of the board of
directors. " met at noon in the com
pany's oilic' and was followed by the
resignation of Directors William L.
| Conyngham, Charles 0. Skcer and Geo.
II. Myers, nd E. p. Wilbur, L. T.
Stotcsbury, Drexel & Co., and C. II.
Coster, OF Mrgau IL Co., were chosen to
succeed theu. Alfred Walter, the new
president, WIS an Interested spectator
of the proeo dinEs which placed him in
Mr.. Wilbur presidential chair.
PREsIpEN wu.BUR's RESIGNATION.
President Wilbur presided for the last
time, and, q dressing the directors, stat
ed that it b long been his desire, on
account OF ] other large interests and
trusts, 90 be lieyed Of the active charge
of the Lebi h Valley affairs. He en-
pressed the pinion that the time had
now come n zen he could consistently
place his re- guaton as president before
the board Of directors, and he rendered
that the neN interests in the property
had express 4 strong desire that he
should continue in the board and that
he was entircy ready so to do. A res
olution was unanimously adopted ac-
ceptng the cignation in accordance
with the reas ms for it set forth by Mr..
Wilbur
The boaro then proceeded to fill the
vacant pres leucy by electing Alfred
Walter, his Q elton taking affect at once.
As now REQ ,anzed the board of di-
rcctors Of til Lohigh Valley is composed
Of the fOllov ng: Charles IIartshorne,
William A. 2 CHAM, Roberts III. Sayre
James 1. 80 kslee, John Il. Garrett
Beauveau 10 G, Joseph Wharton, Thos.
McKear Ea ne Delano, E..P. Wilbur,
e. I. Stote-t ry and c. IL. Coster.
The financ committee of the COM
pany was a roorganized bys sub
stltution Of esidcnt Walter and Direc-
tors Stotcsm y and Costor in place of
Messrs. llart horne, Garret and Boric.
THE MEN PRESIDENTS CAREER.
A1,bor,,b ..,t..,.i., -, ,,s.J W.,
'on" ''''' y, -A''iou war
,,,na ,..,a
Gtnoss ta. III H.. 49,, ro' ''S
P"S'''o' an" 'oi e"'' NV
out Mr.. Morg MS plans was universally
conceded, y is still IA comparatively
younr man vine benn horn in Droot-
lyn, N. Y. 90 october ., 1851. His rail-
road expcriol G has been as follows;
July IL, 1S73 Ia une I. 1874. rodman
engineer coA and assistant engineer
Allegheny va ~ Railroad: Septembcr
1874, to Mayl Is75. assistant, suncrvisor
Pennsylvania .ailroad; Nav /, 1875. to
May /, 1878 krperyisor Northern Cen
tral Railway Nav l. 1878, to December
/, 1881, ASSISTANT engineer Northern
Central and baltimore and Potomac
Railroads; December 1, 1881. to October
1, 1ss2, assist t engineer motive power
| 4. n,