The sun., 1899-09-17
PRESIDENT CLARK RksfoNh.
The Head of the New Haven Railroad to
Leave the Company.

Leave the COMPANY.
NEW HAVEN Sept. 16.-Presidsnt Charles P.
CLARK OF the New York. Nsw Haven and Hart
ford Railroad. this afternoon. formally tom
dered his resignation to the Board OF Dlrec-
tors OF the road. Mr.. Clark was per-
sonallv in attendance at the Board
meeting and handed in his resignation.
not stipulating any particular time
whom he desired to have the resignation 20
into effect. Tho Board OF Directors voted to
refer the resignation to the Standing Com
mIttee OF the board. and this committee will
consider tho resignation and recommend at
future meeting the course to be pursued.
1t Is believed that no definite action will be
taken In reference to electing new president
until after the meeting OF the stockholders next
month when the truth will be ascertained as
to the various rumors afoat to the effect that
much of tho stock 10 held by Pennsylvania
Railroad men.
The following o1lcial statement was Issued
at the office OF the New York. New Haven an
Hartford Railroad in this city late this after
noon:
AT the meeting OF the directors OF the New
York. New Haven and Hartford Railroad Com
pany held In New York. to-day. President Clark
notified the board OF his inability to perma-
nently remain president OF the COMPANY.
The ommuncation was referred to its
standing committee to consider and recon-
mend at future meeting OF the board what
course should be pursued. A quarterly dvi-
dend OF 2 per cent. was declared"
Charles Peter Clark was born In Nashua. n.
H.. In 1885 He made his entry into railroad
circles in 1870 as the clerk OF tho Board OF
Receivers OF the Boston. Hartford and Erie,
He held this post little over
attention that he was appointed the sole trus-
tee Of the Berdell mortgage OF the Now York
and New England Railroad. He shortly after
ward became the general manager OF the
road and in 1870 he was elected Vice.
president. In the Same year. he became
the second Vice-president OF the Now
York. New Haven and Hartford Railroad.
In December. 1888. he became President OF the
New York and New England. and in January.
1884. receiver. In two years the road was out
OF his hands as receiver. and he was President
again. On March IL. 1887. he was elected
President OF the New York. New Haven aud
Hartford. In 1894. he became President OF
the ShepauG. Litchneld and Northern Railroad.
Mr.. Clark was the 6rst man to conceive the
idea OF delivering early Southern fruits and
vegetables in the East. and to carry out
this idea he established the freight ferry
road at Jersey City around New York city and up
to the north bank OF the Harlem River. He
also established the through passenger service
between Boston and points In the South. with.
out change and without stop ut New York.
The Standing Committee OF the Board Of
Directors will have q meeting before tho an.
nual meeting OF the stockholders to be held in
this city on Wednesday. Oct. 10. What
action will be taken by this committee Is
unknown. Tonight President Clark and Vice.
President Hall arc both out OF town. They
are membera OF the Standing Committee. the
others being directors Morgan and Rockefeller
Of New York Brush OF New Haven. Robinson
OF Hartford and Choats OF Boston. Director
Osborne OF this city. said tonight
with reference to the successor to
President Clark that it is very improbable
that President Cassatt OF the PSnnsylyania
road would be chosen as some newspapers had
intimated. 1t was stated tonight that Presl.
dent Clark told the directors that he would
like to be relieved OF the presidency be-
fore the close OF the present year. though he
was willing to remain at the head OF tho road
until the directors had ample time to choose
| his successor. Resolutions OF regret were
| passed at the death OF Cornelius Vanderbilt
who held about $1,000. 900 worth Of the road'i
stock,