Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-04-18
Elected President Of the
Panama Railway Co.
Other Officers Elected at Ses-
sion of Canal Commission.
With Full Control the Board Will Re-
port to Congress In December.

New York. April H. Secretary Taft
and members of the Panama canal conn
mission were in session, today, at the
offices of the Panama Railroad 90.
Meetings of The stockholders and di-
r4ctors Of the railroad company, control
If which is nov vested in the govern
ment We're to have been held at noon
hut they were postponed for couple of
hours. Those in attendance at the meet
.,g oc the commission include Theodore
p Shonts. head of the reorganiZed COM
mission: Judge Magoon. Col. Edwards
of thu bureau of insular republics; VIM.
Barclay Parsons. member of the old
commission, who will probably be re-
,aincd IN the now one, and VIM. Nelson
cromwell,
Before leaving for Washington. Sec
rntarv Taft said:
With Mr.. Shonts al the head of the
Panama Il. II. CO., it is certain that
its affairs will be conducted most salts
factory. The entire official board of the
,onlrlnv vii! be comprised of either
members of the Panama commission or
OF men who ar" interested in the work
nf constructing the canal.
Il expect that the canal commission
will nave concluded their investigation
If conditions. and we will be able to
report our plans and recommendations
L, Congress in December II is the in
tenton Of the administration TO have
sappointed 1T an early late a board Of
consulting engineers 10 assist US in this
work We desire to have Oh this board
representative from Germany, France
and England, and with this end in
view, these nations will be urged to
appoint one representative each.
The government is in complete con-
troll Of all the stock of the Panama
Company. 1t is absolutely essential for
us To control the affairs OF the railroad
IN the interest of the work of construct.
ing the canal.
the new board:
Pr. Siti5.nt. Theodore p. ShontS.
Vice president and general manager.
John +. Wallace.
Secretary ard treasurer. +. A. Drake.
Assistant treasurer, Sylvester DEM
:ng.
Assistant secretary, Thomas II. Ros-
bottom.
General counsel. sullivan and Crom-
Well!
Traffic manager. r. L. Walker.
Auditor. John Adams.
Superintendent Of the isthmus. II. G..
Prescott.
Executive ..,. committee: President
ShCn;s. Vice President Wallace, Charles
f.. Magcon VIM. Nelson Cromwell. and
c. S. Edwards.
The board ordered the double track
ing and re-equipping of the railroad
and made an appropriation of $3.50,
900 for that purpose.
The directors adopted a resolution to
the effect that the president, vice presi-
dent ana general manager of the rail-
road shall draw no salaries except those
to which they are entitled as officers of
the commission. The directors will draw
no fees for attending meetings of the
board. President Shonts said that he
was not prepared to give any details
regarding the rc-equipment of the rail-
road and he added that nothing has
yet been done with regard to increasing
the efficiency of the steamer service 20
the isthmus.
After the afternoon session. President
Shonts said that the question of rates
had not been considered.
Secretary Taft added:
1T is the intention of the government
to cause to he built q number of new
Steamships to add to those of the Pan
anna Steamship Co. so as to give five
days service.
In regard to the canal it is said that he
believed between S50.Oo0.0OO and s,j,0oo,Wl
would have to be added to the old osti-
mate.