New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-05-03

Dr. w. Seward Webb was yesterday elected
president of the Rutland Railroad Company OF
which he had previously been chairman OF the
board He is also president Of the ST. Lawrence
and Adirondack Railway Company. the Cape
Breton Railway Company. the Dominion Securi-
ties Company and the Storage Power Company
Dr. Webb is expected 10 arrive in this city to-
day from Vermont. AT the office of Henry L.
Sprague. who is vice-president of the Storage
rover Company and director of the Donlin-
Ion Securities Company and the st. Lawrence
ana ADIRONDACK Railway Company IL was said
ldst night that Mr.. Sprague had gone out OF
town. Arthur L. Meyer is vice-president of the
It. Lawrence and Adirondack. secretary and
treasurer of the Dominion Securities Company
ana director OF the Hackensack Meadows Com
pany.
THE DOMINION SECURITIES COMPANY.
The Dominion Securities Company was
ganized under the laws OF New-Jersey in May.
I9ol. with paid in capital of 100000. The
company has no funded debt. An increase OF
the stock to 100000 has been authorized and
OF the additional stock $751; 900 has been issued
In payment for control of tho 81 100000 out
standing capital stock of the North American
Lumber and Pulp Company. the total au-
thorized capital stock of which is $2OOOOO.
The Dominion Securities Company also owns
% per cent of the 81 100000 apftal stock of the
cape Breton Railway Company (Lmted) OF
Nova Scotia. This company, which is
tlAOilAcu u ISSUE also S&,tb,DpO DOnQSr mas
Canadian subsidy rights at the rate of Sc. 400
mile. the bonds TO be issued the road is con-
structed. The line is to be about 120 miles in
length, and thus far One-third of the first sec
ton of thirty miles has been built.
The directors of the Dominion Securities Com
pany are DIR. w Seward Webb Henry L.
Sprague, Arthur l. Meyer, s. r. Galloway, T.
EgertOn Webb. Edgar Van Etten, Charles III.
johnson. Thomas Robertson, William Z. Gordon
and Alfred Schiller
The Hackensack Meadows Company. in the
organization of which Henry L. Sprague of the
law 1rm OF Stetson. Jennings Russell. was
prominent owns five thousand acres of land
between the Passaic and Hackensack rivers
The object for which the property is TO be used
has never been announced. The company has
an authorized capital stock OF S3.0D0.GOO, Of
which S1,OOO,OOO is in the treasury. The Stor-
age Power Company with S5.GO.OOO capital.
mas never done any business. II was incOr
porated In West Virginia in 1898 for the pur-
pose of controlling patents covering the use of
superheated water a motive power. partic-
ularly for streetCars.
The st. Lawrence and Adirondack Railway
hfty-siX miles, where II connects with the Cana
dian Pacific. at its st. Lawrence bridge for
Montreal The company has outstanding ST.
6l5oo stock. II had been understood that the
Webb interests would purchase the Canada At
lantic Railway, and make II part of a through
hundred miles. and yesterday II was announced
that this road, which extends from Georgian
bay 10 SWantOn. Vt. 400 miles, had been ac-
CURED by the Rutland Railroad Company. At
SWanton the Canada Atlantic connects with the
Rutland. IL Is not known why the Canada At
lanttc has been taken by the Rutland
which is TO guarantee principal and interest on
Its first mortgage AZ per cent bonds rather
than by the ST. Lawrence and Adirondack as
Is understood TO have been the original plan.