New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-01-27


Montague SITS, Brooklyn, yesterday, the follow
ing directors were elected:
CLINTON L. RossITER. AUGUST BELMONT
TIMOTHY s. WILLIAMS. II. H PORTER
HORACE c DU NAL A Ns0N X; FLOW ~ IN Ell -R-.r
INTHoNY X Ai BRApY. T. r'''i0 =
The last six are new men. anc 'h"v succeeded
John N. Kelley. Seth L. Keeney. Wln'rm c.
Bryant. John Englis. Charles D. Meneely ana
Theodore F. Jackson. All of the directors re-
tired were Brooklyn men.
The ticket was elected without opposition.
49, 5O4 shares out of a total of 10000 being
voted either personally or by proxy.
Ex-Iieutenant-Gover William r. Sheehan
was chosen chairman and c. D. Meneely acted
as secretary. V. w wickes. K. H Grant and
T. p. Swim were chosen inspectors Of elections.
After an adjournment the meeting was again
called to order at O'Clock, to hear the result
or the balloting. 1t then announced that
the meeting for reorganization of the Board and
election Of officers would be held a week from
yesterday.
Horace C. Du Val said after the meeting that
the reelection of Clinton L. Rossiter presi-
dent of the road was practically assured. as he
had so per cent Of the stock behind him. Mr..
Du Val added that Mr.. Rossiter had developed
into one of the ablest street railway managers
in the country.
Wall Street has taken great interest in the
probable composition of the Board of Di-
rectors of the Brooklyn Rapid Transit Com
papy, and discussed yesterday with even greater
interest the significance Of the names which
We're found to make up the list when announced
According TO all accounts, the Vanderbilts have
largely increased of late their holdings in Brook
Ign Rapid Transit, and it was assumed yester-
day that Mr.. Harrimans entrance into the
I'd hat he he
resentative OF those interests. President Ros-
sitter who was reelected director. is brother
OF E. V. W. Rossiter, treasurer of the New-fork
Central and several other Vanderbilt lines. and
naturally has been regarded as a Vanderbilt rep
resentative in the Rapid Transit Board, as has
H c. Du Val, although it denied in Wall
Street yesterday that Mr. Du Val was acting in
any such capacity.
August Belmont, of August Belmont & Co..
anG Walter G. Oakman president of the Guar
anty Trust Company, of this borough, which is
closely identified with the Mutual Life Insur-
ance Company, are both directors or the Long
Island Railroad Company, in which the stand
ard Oil men are largely interested. The Long
Island Railroad Company has for some time had
rather intimate traffic relations with the Brook
lyn Rapid Transit Company, and the election OF
Messrs Oakman and Belmont directors of
the Rapid Transit Company has given rise to
rumors of a closer alliance between the two
corporations. an alliance which might perhaps.
have important bearing upon the purpose OF
the Long Island Railroad Company to construct
a tunnel under the East River.
H H Porter, another of the new directors. is
well known a successful railroad man, and
as chairman of the Board of the Federal Steel
Company and is also understood to have close
relations with the Standard Oil group.
Messrs. Flower, Brady and Olcott were for
rnerly the voting trustees of the Brooklyn Rapid
Transit Company. this trust having been re-
Gently dissolved, and the latter two are closely
associated in the Whitney syndicate. controlling
the Metropolitan Street Railway Company. Mr..
Brady is president of the Kings County Electric
Light and Power Company, which controls the
electric light business of Brooklyn, well as
being president of the New-York Gas and Elec-
trio Light, Heat and Power Company, of this
borough. now controlled by the Standard OIL
and Whitney syndicate interests in alliance;
and the apparently increased Standard Oil rep
resentation on the Brooklyn Rapid Transit
Board would seem TO lend new color TO the view
that the time is not far distant when a combina-
ton of the traction gas and electric companies
OF the two boroughs will be effected.