The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-16
TRUHSDELL Steps down
f. c. Stevens President Of the Trac-
ton and Electric Company.
Meeting of the Board of Directors
Rumor That Transfer Privileges
Arc to Be Curtafled Denied-A Pre-
diction That District Lines Will
Soon BE Under One management.

Frederic c. Stevens is now President OF
the Washington Traction and Electric
Company and of the eleven constituent
companies which compose the street rail-
way and electric syndicate. lie was elect
ed unanimously at a meeting of the board
of directors Of the syndicate company yes
terday afternoon and later was elected
formally at meetings of all the constituent
companies. Col. George Truesdell yester-
remains a director and a member of the
executive committee. George H. Harries,
a director Of the company, was elected
Vice President, and H. c. Mirick Treas
urey,, James B. Lackey was reelected
Secretary of the company.
The statement is made officially that
numerous other changes which it was al
legged were to be inaugurated yesterday
were not discussed and that they are not
even contemplated II may also be stated
on the authority of an important official
that there is to be no cutting of transfer
privileges by the company.
It was known in advance that the d.
rectors meeting would be an important
one. and nearly every one Of the nineteen
directors was present. The meeting took
place at 2 o'clock in the afternoon and
lasted nearly an hour. The following we're
those present: George Truesdell, G. W.
Young. F. C. Stevens. H. d. Mirick, c.
A. Lieb, G. W. Bacon, A. A. Wilson, J. J.
Edison, G. II. Harries, E. S. Parker, H.
d. Benner, V. B. Deyber. J. B. Lackey.
and G. B. NJ. Harvey.
Mr.. Truesdell was nominated and then
elected as president, but he declined the
office in few words, stating that be could
no longer continue, and, alluded 10 the
understanding he had when he accepted
the position last summer that he would
be allowed to give il up as soon as lossi-
bic. The resignation of Mir. Truesdell was
then formally accepted, the following reso-
luton offered by George W. Young being
adopted unanimously:
Whereas Col George Truesdel, who has served
the Washington Traction and Electric Company
with marked ability and self-.acrificing applica
tion has declined reelection as president of TINS
corporslion; therefore, be 1t
Resolved. That the Board Of Directors o! the
Washington Traction and Electric Company re-
grets the declnation, and does hereby place on
record evidence Of its appreciation OF Colonel
Truesdell's personal courtesy, his ability and
manly character, and upon the successful solution
Of the many important business questions which
have arisen during his administration OF the oihce
Of president Of this company.
Resolved, That this resolution be spread upon
the minutes Of tine company, and that copy be
furnished to Colonel Truesoell.
Mr. Stevens was then elected president
and Mr.. Harries vice president. Mr..
Stevens spoke a few words, expressing his
appreciation for his new office, and stating
his intention to expend all his energies in
making the company a success. The
Executive Committee was then elected, as
follows: F. c. Stevens, George Truesdell,
George W. Young. George II. Harries, H.
D. Mirick. Thomas J. Hayward, and Henry
p. Scott.
An ofYicer of the syndicate said last night
regarding the plans of the new officers: