The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-09
NOT A Ny. CENTRAL ADVANCE
n. VANDERBILT DOES NOT REP
RESENT THAT RAILROAD

I'm the Delaware and Hudson Board He
'Reen Allied With Hartman and Bel.
mont In Railroads, but IL Not q Director
Of Any Of tho Vanderbilt Corporations.
Another Of the many recent significant
chsnees In the management OF the Della
ware and Hudson company was made
known yesterday In an announcement Of
thA election Of Cornelius Vanderbilt 70 the
bosrd of q Mr.. Vanderbilt takes
the place Of Frank q. Smith Of the aw
firm Of Conway, Weed 4 Smith, local counsel
Tor the mpa Mr.. Smith. who was
elected q manager at the annual meeting
ON May IL in place Of Alexander q. Orr,
took the place on the understanding that he
would relinquish il in the near future and
rasien in Mr.. Vanderbilt's favor.
In some quarters yesterday Mr.. Wander
hits election was taken as q widening Of
the New York Central influence in the
Dela ware and Hudson and as substantiating
reports that the company was on its way
10 control by the big Vanderbilt corporation.
That company has long had Senat Depew
on the d. d H. board but it has had nc
other representative. While there are man
who believe that the ultimate destiny OF
the Delaware and Hudson may be with
the New York Central. il was pointed out
that even if Cornelius Vanderbilt were to
he considered a Central man his election
gave that company but two managers out
Of a board Of thirteen.
On the other hand Cornelius Vanderbilt
is not closely affiliated with the other Van
derbilt interests. He is a member Of many
boards of railroads and financial institu-
tons but not a director OF the New York
central, the Lake Shore, the Michigan
central, the Chicago and Northwestern or
any Of the other many railroad corporations
with which the Vanderbilt name is closely
connected. Nor is he associated in the
MANAGEMENT Of any Vanderbilt corporation
other than a railroad corporation. AS far
gs his ACTIVITY in the railroad and financial
world "a concerned he is a Vanderbilt in
name Gly.
Cornelius Vanderbilt was at one time
allied with Stuyvesant Fish, who made him
a director Of the Illinois Central at about
the same time that John Jacob Aston was
taken on the Illinois Central board. When
the breach between Mr.. Fish and E.. H.
Hartman widened MIR. Vanderbilt took a
position with Mr.. Aston on the Hartman
slde and voted against Mr.. Fish at the an
nual meeting last November when Mr..
Fish was ousted and j. t. Harahan chosen
10 succeed him. There have been other
evidences. apart from this demonstration.
tending to show Mr.. Y~anderbilt's utilization
with the Hartman party.
Mr.. Vanderbilt has also beer allied with
August Belmont and is still connected with
Belmont enterprises. He has been a direc-
tor of the Interborough Rapid Transit
Company, the New York City marlborough
Company and the Rapid Transit Subway
Construction Company since the organiza-
ton of those companies. His principal
other board connections are with the
National Park Bank, the Hudson Com
ranies, the Mutual Life Insurance Com
pany, the New York Life Insurance and
Trust Company. the Lackawanna Steel
Company. the Allis-Chalmers Company,
the United States Mortgage and Trust
Company and the Windsor Company.
None of these can be considered a Wander
bilt corporation.
1t was accordingly the consensus yester-
day that Mr.. Vanderbilt's election to the
Delaware and Hudson board signifed an
entrance Of Belmont influence or a widen
ing OF Hartman influence, but not at all
an extension Of New York Central interest
In the company.