The Washington herald., 1908-01-19

Mr.. William Loeb. jr., secretary to the
President Of the United States was de-
feated for the presidency of the Washing
ton Railway and Electric Company at the
meeting OF the directors Of that organiza-
ton yesterday.
It had been common report that Mr.
Loeb would be named as the next presi-
dent Of the company and the result Of
the election came as a surprise to many
persons.
The directors meeting. at which the
election Of officers. including the presi-
dent, took place. wss said 10 have been
entirely harmonious. and the election OF
Mr. Allan McDermott to the presidency Of
the road. in spite Of the surprise it occa-
stoned many present was not considered
by the directors 10 be worthy of special
comment
ar Loeb. however while he lost tie po-
sition Of president which rumor has said
for many months he would get, was not
entirely forgotten. and his name appears
on the list of directors Of the company for
the ensuing year.
Stockholders Of the company met pur-
suant to call Of the president and direc-
tors at the Offices Of the company, Four
teenth and East Capitol streets, and
elected the directors.
The ticket Of directors previously an
nouneed was elected by a large majority
vote Of the outstanding stock Of the COM
pany. The names Of directors are given
above
Must Interest Manifested.
At the stockholders meeting a great
many persons were present From gen
eral observation. it seemed that every
lawyer Of prominence in the District was
there. presumably looking after the in
terests Of clients.
The majority Of the bankers, brokers,
and fnanciers of the city were there,
many OF them having stock or proxies
TO vote, and many were drawn there by
general interest in the outcome of the cleo
ton. Besides these was a large follow
ing Of individual stockholders, who came
in person to vote their shares.
Something like 200 persons were in
the offices of the company between the
hours of / ana , O'Clock p. m. The polls
for the election Of directors were de-
clared closed at 2 o'clock. and the COM
mttee of officials and stockholders ap-
pointed for the purpose proceeded to
count the vote.
It was announced an hour later that
the ticket Of directors. composed largely
Of local capitalists, had been elected. and
it was agreed that the new board should
meet at o'clock for the election OF
officers.
Directors Elect officers.
This meeting convened promptly and re-
mained in session for nearly two hours.
st its close a general surprise was IN
store for the newspaper reporters and
other Interested persons who had gather
ed to hear the result. The two eandi-
dates for the presidency who had been
mentioned did not appear in the finish.
and the roster Of officers was shown to
be very different from what was expected.
When il was finally made plain that
neither Of the candidates for the office of
president had been elected. but that the
old board of officers had been chosen,
with the addition of new vice presi-
dent Clarence F. Norment, president Of
the National Bank Of Washington, and
president of the Norfolk and Washington
Steamboat Company. the directors were
bes4iged for explanations.
Ii was announced that the meeting OF
the directors had been harmonious one;