New-York tribune., 1901-06-22
NEWMAN HEADS TWO ROADS.
HIS REELECTION IN LAKE SHORE BE-
GINNING OF PLAN TO HAVE ONE
MAN DIRECT WANDER
RIIT SYSTEMS.
BILT SYSTEMS.

BY the election of William H. Newman as
president of the Lake Shore Railroad yesterday
the first step taken toward placing one OFF,
Ger al the head Of the Vanderbilt system of rail-
roads. Mr Newman was elected president Of
the New-York Central only a short time ago, TO
succeed Samuel r. Galloway. AS Mr.. Newman
had until that time been president of the Lake
Shore, the report was current that at the meet
ing of the directors yesterday a president
would be chosen for the Lake Shore The name
most frequently mentioned for this office was
that of President Conir Of the Nickel Plate It
contrary to general expectation, therefore.
when ii was announced that the directors of the
Lake Shore had reelected Mr.. Newman as its
president.
The plan to have officer at the head Of the
New-York Central and the allied Vanderbilt
lines. 1t IS said Will place the local management
of each constituent line in the hands of vice
president. In the evolution OF this scheme
additional vice-president elected for the
Lake Shore He Is w. c. Brown. formerly gen.
eral manager Of the Chicago. Burlington and
Quincy Railroad Mr.. Brown will be both Vice
president and general manager OF the Lake
Shore and Michigan Southern and the Lake Erie
and Western railroads
This plan of concentration Will be put into
execution il is understood by degrees. When
high official Of the Central asked when the
Michigan Central would also have the president
OF the Central as It's head he answered.: THAT
is a long way ahead yet" Then. in explaining
the action of the directors of the Lake Shore at
their meeting he said:
AS president OF the Central. Mr.. Newman will
have the superintendency and management Of
that road and as president OF the Lake Shore
he will exercise supervision over that line only
as It is connected with the Central. The local
management OF the Lake Shore will be in the
hands of Mr.. Brown, It's new president.
Mr.. Brown fills the vacancy caused by the
death Of John w. Doane. He will have his
offices in Cleveland.
The directors of the Lake Shore reelected e.
D. Worcester vice-president. They declared the
usual semi-annual dividend OF 312 per cent. pay
able July %. The treasurer's statement for the
first half of 1901 showed gross earnings of S13,-
4S5. sos. increase Of 595 per cent. and net
earnings of S4.462.02S. a decrease of 415 per
cent.
Meetings were also held by the directors of
other Vanderbilt lines. including the Michigan
Central, the Lake Erie and Western. and the
Canada Southern. The dividends declared at
these meetings were follows: Lake Erie and
Western. per cent; Canada Southern. l per
cent; Michigan Central, per cent. The gross
and net earnings of these lines for the six months
ending June 80, 1901 were as follows:
Gross Net.
hssaa a5ie cenal aRG SHd Canada Southern
Chicago. June 21-w. c. Browns selection as
additional vce-presdent and general manager
OF the Lake Shore Railroad pleased railroad men
here. President Harris. of the Burlington, of
which Mr.. Brown has been general manager
since 1896, expressed deep regret the loss OF
Mr.. Brown. f. +. Delano. who has been super
intendent of motive power has been appointed
general manager to succeed Mr.. Brown Mr..
Brown is forty-eight years old He began his
career in railroadng as a wood cutter and sec
tion hand the Milwaukee In 1870. became a
telegrapher, and rose rapidly through the vari-
grades until, in 1896, he was selected as
general manager Of the entire Burlington system.