New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-04
CHANGES AMONG OFFICERS
Mr.. ELIAS RESIGNS THE PRESIDING
OF TWO SUBSIDIARY LINES.

On the suggestion Of Hugh J. Grant, the re-
ceiver there meetings yesterday morning
Of the Board Of Directors Of the Dry Dock and
East Broadway and Battery line, and also
meeting Of the directors Of the Forry-second
Street, ManhattanvilIe and st. Nicholas Avenue
line Il was announced that the meetings were
called for the purpose Of reducing the nur7be
Of officers and thus saving some Of the operat-
ing expenses President Elias resigned the
presidency Of both companies. J. ". Lynch
who was superintendent Of the Dry Dock Line
was elected president in Mr. Elias's place and
John Byrne, the secretary and treasurer, also.
John Beaver, who was assistant treasurer Of
the Third Avenue line was elected president of
the Forty-second Street Manhattanville and
St Nicholas Avenue line to succeed Mr.. Elias,
and Thomas A. Maher VINO was superintendent
was made superintendent secretary and treas
urer in one. D c. Andrews, secretary resigned.
There was no increase In pay for any one
President Elias still remains member Of the
two boards OF directors. The persons elected 10
fill his old places get the same salary they were
receiving for the Offices they held before the
election
The two boards met separately at the Offices
Of the Third Avenue Railroad, Sixty-ffth-st.
and Third-ave., but as both boards are COM
posed OF practically the same directors. the
meetings while separate, were continuous. II
is said there was opposition TO the accept
ance OF Mr.. Elias's designations
MR.. GRANTS EXPLANATION
When Mr., Grant was asked for some expIana-
ton Of Mr.. Elias's resignation. he said
The Forty-second and Drydock roads have been
ana IN heir Offices were MI Elias as president and
Nj An nor as sseEeary Of the Fort-seGonds
road Il was the purpose Of the receiyership 70
q Thomas MaNer I'D in
his stead Mr.. Elias resigned and Mr. Beaver was
signed the presidency OF the Trydock road and
Nj Lynch the operating man and superintendent
Of that road, was made president. Mr.. Byrne
retained It viii be seen. therefore that in making
capacities VINO are actually in operation OF the
the president Of that road is also the acting
manager and treasurer. The general idea to
There no reflection on anybody and our prfnary
object was 10 get the business more in hand.
Asked II Mr.. Elias drew salary as president
OF the subsidiary road Mr. Grant said: Il don't
think So"
Then as far as he was concerned there was no
saving Of money by his resignation"
Mr. Grant said that there was not but that II
was felt that II would be an advantage to have
the active men at the heads Of offices. as their
reports had TO be accepted anyhow.
In other words, Mr.. Elias got out because he
was practically a fgurehead?"
You have expressed the whole thing tersely
and correctly" said Mr.. Grant. That's the idea
exactly"
Mr.. Grant was asked If he ready 70 make
any statements about conditions in general as
he found them. but he said that at present that
would be impossible. It's a large job he
added, and viii take time"
Mr.. Grant had busy day yesterday. In the
morning he called on Judge Lacombe and spent
half an hour talking over questions con-
corning the receivership with him. Later ne Wis
tied the Bayard-st. power house and then went
10 the uptown Office Of the Third Avenue Rail
road Company. Here he put in a part Of his
time looking over the details OF the plans for the
installation Of the new electric power. Most OF
the afternoon Mr.. Grant spent in the private
office uptown, and he had plenty to occupy his
attention When a reporter for The Tribune
him yesterday afternoon he said the present re-
ownership was about the biggest Job he had ever
undertaken.
In the afternoon Mr.. Grant had another con-
ference with Judge L2combe in the latter's
cham bers in the Federal Building. At the close
Of the interview Mr.. Grant said:
Ny visit was simply to consult Judge L-aeombe on
The Third Avenue Railroad. There Is as Yet Moth
ing definite conce , the roads affairs that !
receivers certificates is ridiculous at this time.
permanent receiver. and my appointment is only
temporary.
MR. ELIAS NOT TO BE SEEN
Efforts to see Mr. Elias yesterday met with
failure. At the Office Of the company It was
said that he had not been there. The reporter
called at his home No, IL West Seventy first
st. and was told that Mr.. Elias would positively
not be seen by anybody.
At the uptown office Of the Third Avenue Rail
road Company half dozen clerks trying
10 look busy in the outside room, while the
receiver undoubtedly was busy inside. He had
many callers, and il decidedly case of
many called and few chosen. Mr. Grant was
ready anybody who really had business
with him, but he did not have time for those
who merely called out of curiosity. The revela
tons about the road keenly watched by the
conductors notornen and minor employees, and
oS incl 70 leg L