Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1906-01-18
RAILROAD MATTERS.
The Delaware & Hudson Gains Control
OF the United Traction Company.

At an adjourned meeting of the
board of directors of the United Trac-
ton company at the main offices of
the company in Albany. the formal
transfer Of the entire stock and control
| of the United Traction company to the
Delaware &c Hudson company was ef-
fected. There is no intermediary hold
ing company, and tho effect of the ac-
ton thus taken is to make the Uni
| ted Traction company a subsidiary line
of the Delaware & Hudson company,
the management and control of the
companies being identical.
The board of directors of the Trac-
| tion company was reduced from 10
members to nine and tho inauguration
Of tho new board was effected by the
resignation of the old directors, one
at time, and the election OF the nine
new directors. The new directors are
as follows: David Wilcox of New
York, president of the Delaware &
Hudson company; Abel l. Culver OF AL
bany second vice president or the
Delaware e. Hudson company; w. j.
Mullin and 4. b. Dixcy. assistants to
the second vice-prcsidcnt of the Deia-
ware e. Hudson company; Lewis f..
Carr, attorney for the Delaware e.
Hudson company; Axcl Ekstrom. con-
sulting engineers Charles Fl. Sabin,
vice president of the National Com
mercial bank of Albany; James F. Nc
lElroy. president of the Albany Cham
Der of Commerce. and James II. Cald-
we'll president of the Troy Chamber of
| Commerce.
The Officers elected are President.
David Wilcox; vice president. Abel l..
culver; executive committee Abel T..
Culver chairman; w. J. Mullin and
Axel Ekstrom, associate members. Mr..
Culvcr's position as chairman of the
executive committee viii make him
the general manager Of the company.
The selection Of the presidents of the
Chambers of Commerce of Troy and
Albany as members of .e board of
directors is an innovation, made with
the object of bringing the management
of the company in contact with the
business interests Of the two principal
cities through which the traction lines
extend Mr.. McElroy and Mr. Caldwell
will serve in the board only while they
remain presidents OF the respective
chambers of commerce, and their sue
cessors will take their places in the
,oard.
1t was stated by Vice prcsi-
dent Culver that in all respects
the remainder OF the management Of
the Traction company will continue as
at present, and tn" present employees
will remain, so long as they show abil-
ity to maintain the proper standard
set by the new management.
GENERAL OFFICES MAY BE IN AL
BANY.
1t is understood that the genera
Offices of the Delaware q Hudson com
pany will be removed from New York
and it is probable that they will be
located in tho. splendid building at
North Pearl and Stcuben streets in AL
bahy. Last Friday the company solo
its building in New York. known as
the Coal and Iron Exchange at Cort
-, landt and church streets. to the Cit!
: Investing company of New York anc
> will probably vacate the propert,
, about May ! next.
. s5.O0o.oo1 INCREASE.
Notice OF the action taken by the
Delaware e Hudson Railroad com
pany 10 increase It's capital s5.0oo,oo'
was given in papers filed with thu
;. isecretary of state The- money is Il
: be used to meet the mortgage bond
, of the Albany Il Susauehanna Railroad
: company. which fall due on April