New-York tribune., 1901-07-19
LAMONT QUIETS RUMORS.
HE HAS NO THOUGHT OF BEING PRESI-
DENT OF THE NORTHERN PACIFIC.

Colonel Daniel S. Lamont, vice-president OF the
Northern Pacific Railway Company Will not ac-
cording to his own statement, assume the presi-
dency of that corporation as successor 10 Charles
s. Meen. This sets at rest crop of rurnors wnich
obtained currency Yesterday Colonel Lamont said:
'I am not that Mr.. Mellen. whose effciency
is conceded and whose success is matter OF rec
ord any idea of retiring, and am positive that
under no circumstances would take the place
It is known that while Colonel Lamont has a
substantial interest in the Northern Pacific road
and is not likely to sever important official con-
nectons with the property, he has other interests
which would lead him to decline further RESPONSE
bilities and close occupation with the details OF d-
recting the operation of railroad
Wall Street continued yesterday TO discuss with
the greatest interest the possible changes In the
Northern Pacific directory which Mr. Morgan
letter will necesstate. It believed the board
as at present constituted will resign. but that
Robert Bacon. George F. Baker, Robert NJ Gallo
way. John S. Kennedy. Daniel S. Lamont, samuei
Spencer and James Stman will be asked 10 WIN
draw their designations. These men. it was
thought will be retained associates OF the ap-
pointees of Mr. Morgan-Messrs. Hill, Hartman,
william Rockefeller, Twombly and Rea- IL was
generally conceded that Edward d. Adams would
not be renominated. 1t was also said that no ei-
fort would be made retain Walter S. Oakman.
Oliver H. Payne, Eben B. Thomas. D. Wills James,
Dumont Clarke Brayton Ives and President Melen.
Colonel Lamont visited Mr. Morgan yesterday,
and Norman Ream, man of influence In Western
a
President Fish, of the Illinois Central road. was
another caller. At the office of the Northern Pa
ciio company 1t said that President Mellen
was absent from the city which fact dispelled the
impression that impromptu gathering of direct
ors might possibly be planned to ratify Mr.. Nor
gan's choice A quorum of directors within
easy call. and meeting could have been arranged
in short time.
high official of a road brought into close
relations with the Northern Pacific Railway denied
,bo he held before August IA,
when the annual meeting OF the poard Is 10 DC
held. ,., -
pleased to learn that President A J. Cassatt would
ses as Of a ap brought by the company This
makes secure She provision that all difficulties will
0S Mr. Morgan ~ and Mr. Hin are believed be the
Do dh m he @ hess Ms viii
the who have generally neen G0nsioe@rfn @ tne baYe
si0sf sTeatef a5fS ndaende M 0 in the board than mn
Naturally Wall Street bsieges that bdira the @ sa
followed by changes in the management ne M& OF The The
Union Ps9e @ ahd 1ha5 ere e IT IS
that an understanding to this effect was made be-
who are Believed to be closely related to Union
Pacific interests We're invited to join the Northern
Union Paeinc was the chief feature Of yesterday ;
market. 1t at the opening, seemingly strength
ened by the opinion that the company had received
all that 1t had originally demanded 1t had secured
and its interests had been amply recognized in the
composition of the new Northern Pacific board.
members Of the firm OF ]: P Morgan & Co, would
beiet that the latter road would thereby become
a really powerful corporation led 10 noteworthy
traded In during the day. At o'clock under the
impetus OF reported buying by Hartman brokers.
points above par Suddenly T shot up to o and then
to 1os 1t closed at 1851. scoring net advance of
thetically St Paul rose 80 points: in addition vi 70
Missour! Pacifc. New-York Central Pennsyfysnia
and Atchison made gains.