New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-23
STANDARD OIL NAN CHOSEN.
WILLIAM ROCKEFELLER's PRIVATE SEC
RETARY MADE TREASURER OF
THIRD AVENUE RAILROAD.

The Board of Directors of the Third Avenue ran
road Company yesterday elected William H. Cur
tiss private secretary of William Rockefeller 10 De
treasurer of the company, and at the same une
made John Beaver who for many years had been
treasurer, assistant treasurer and auditor. the
election of Mr. Curtss was promptly taken by
Wall Street indicating that Standard OH inter-
ests had gone into the company, and that. as the
Standard OIL PARTY had as shown by the recent
practical merger of the Consolidated Gas Company
controlled by them, and the New-Hork Gas ana
Electric Light Heat and Power Company, con-
troIIed by the Whitney syndicate. come into accord
with that syndicate which also dominates the man
agement of the Metropolitan Street Railway Com
pany the unication of the Metropolitan and mira
Avenue systems was not many months away
Edward Lauterbach, speaking for the Third Ave-
nue. company, said after the directors meeting
yesterday afternoon, in answer to question as TO
the truth report that Henry Hart the largest
stockhoIder the company, has sold out his entire
stock: Mr.. Harris holdings have been fully pro-
tected by a syndicate, the arrangements contem-
plating partial sale of his stock" He added that
some very strong interests had entered the road
The identity of the members of this syndicate, out
side of the Rockefellers. has not yet developed.
Whom does Mr.. Curtiss represent Mr. Lauter-
bach was asked.
MIR. Curtss is at No. 20 Broadway. Ask HIM"
Does he not represent the Standard Oil people?"
Mr.. Curtiss is at No 26 Broadway"
But that is the Standard Oil building, and Mr..
Curtiss is the private secretary of William Rookie
Teller, of the Standard Oil Company"
IF you know that, why ask me?'
HAS the Third Avenue passed into the control
of the Standard Oil people?"
The control has not changed hands"
do you expect that it viii change hands?"
81 have not thought about that"
Has Henry Hart sold out all his stock in the
road?"
He has not. He has parted with part of it,
was that a large part?"
MIR Hart is all right He has been taken care
"Are you out of the company yourself, Mr. Lau-
terbach, is rumored"'
do l look if 1 were out of it?'
What progress has been made In the funding
of the roads floating debt of $17,OOOO0O?"
THE papers being drawn up for the
loan, the period and interest Of which being
a full statement in a few days
Mr.. Lauterbach, it has been reported that the
reason why the Third Avenue Railroad has discon-
tnued the work of extending its tracks is lack of
money. Is that SOP
Not at all. The reason is a failure on the part
OF iron manufacturers to deliver the iron needed in
the work.
Ex-Judge D. F. Mcmahon who is a member of
the firm of Naughton & Co., which has been doing
this work for the Third-ave. road. told a Tribune
discontinued was the cold weather and the frost in
the ground Mr. Lauterbach certainly gave the
more plausible reason, it would SEEM as there is
not enough frost 10 stop even work
William H Curtiss was at the office of Will
lam Rockefeller, but he declined to affirm or deny
that he represented Standard OH capital in The
Third Avenue Railroad.
DO you represent your own CAPITAL there?' Mr.
CurtisS was asked
II have money. of my own in that road" he re-
pied, and l think highly of the property but I
DO not wish to talk about what I represent as its
treasurer am its treasurer, and that is all l
Third Avenue stock yesterday sold between 1121b
and 1854 closing at 116, net advance of points
for the day.