New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-09-07
JAMES sPEYER A DIRECTOR.
gouTHERN PACIFIC DIRECTORS APPOINT A
COMMITTEE TO CONSIDER THE CUES
TON OF A SUCCESSOR TO
MR.. HUNTINGTON.
MR.. HUNTINGTON.


For the purpose. primarily. Of passing rosolu-
lions memorial OF Coils P. Huntington. a special
meeting of the Board OF Directors Of the Southern
Pacific Railroad held yesterday. 1t was at
tended by all save three members, those present
being II. f. Huntington first vice-presldeht'
Charles H Tweed second vice-president; d. o.
Mills. John w. Mackay. James speyer. August
Belmont ]. D. Probst and Edwin Hawley. Inc
absentees wore General Thomas H. Hubbard and
j. B. Haggin who are in Europe. and f. F.
searles. who is away from the city.
Mr.. Tweed presented the resolutions expressing
the loss which had sustained by Mr.. Hunting
toms death and they were unanimously adopted.
James Speyer, head of the banking house OF
Speyer & Co.. was elected a director to NIL the
vacancy due to Mr.. Huntingtons death. The by
laws of the company were amended as to pro-
vide for a chairman of the Board of Directors and
for weekly meetings of the Executive COMMITTEES.
Mr.. Tweed was chosen as chairman OF the Board.
On the motion of August Belmont, a special
committee consisting Of Messrs Tweed. Mills and
Speyer. appointed to consider the matter Of
successor to Mr.. Huntington, and to report Its
recommendation to the Board. II IS underStOOu
that the special committee will not make its recon-
mendation for some time.
this city yesterday saying that MI Speyer and MS
brother were opposed to the late Mr. Hn2itngtons
be paid at once As H. z. Huntington favored the
policy followed by his uncle 1t said the Messrs.
OF the road. When asked about this story yester-
There never has been any difference Of opinion
regarding the dividend policy Of the Southern Pa
cihc. Mr.. Huntington and our firm always agreed
that the maintenance OF the property at the nlgh-
est standard of efficiency ought to be the chief OBJ
ject Of the management. and that the company co
was a reasonable certainty OF maintaining them
Mr.. Tweed said; The report from San Francisco
seems predcated upon the earlier rumors which
were published here. So far the payment or
dividends is concerned, Mr.. Speyer has always been
in accord with Mr.. Huntingtons administration
want to pay dividends until the company was In
a position to maintain them I think all this talk
proceeds entirely from ones imagination"
LACKAWANNA's NEW SUPERINTENDENT.
Thomas E Clarke. who has been appointed to
succeed E c. Russell as general superintendent OF
the Delaware Lackawanna and Western Railroad.
is a man who is well qualified to undertake the
supervision OF the Lackawanna's growing traffic.
Until recently he occupied the place OF general
manager Of the Iowa Central, which he resigned TO
accept that Of division superintendent at Scranton
of the Lackawanna Railroad
Mr. Clarke is ffty-one years old, having been
born at Connersville Ind, in June 1919 He entered
the railway service in 1865 telegraph operator and
clerk In the general offices of the Cincinnati and
Indianapolis Junction Railroad. From there he
was taken by the st. Paul and Sioux City Railroad
as chief train dispatcher and superintendent OF
telegraph. In 1873 he occupied successfully the
places of train dispatcher Of the Chesapeake and
Ohio road and master of transportation or the
pointed assistant superintendent OF the Chicago,
ST. Paul, Minneapolis and Omaha Railway but in
June OF the year reltnqu1shed this place 10
become assistant superintendent or the minneapolis
and St Louis Railway, Of which he later be-
came general superintendent From there he went
to the Iowa Central