New-York tribune., 1908-12-23


ususIly thought Of as controlling the New York
Central. Mr Hartman is also understood to be
lsrse holder OF New York Central To date neither
the Union Pacific ncr Mr.. Hartman has been d.
-eetIy represented IN the directorate manage
-neut Of the lines.
n the movement for higher freight rates during
tie last SIX months Mr Hartman has been sec
oz6ed bv 1r- Brown. VINO championed an advance
from the start. Rumor had it some time ago that
sir. Hartman would become chairman of the board
Of the New York Central February /. in place
q ChaunCey " Depew- This report was not gen
ersuy credited the time. but 1t is interesting
note that the date which President Newmans
resignation viii become effective corresponds
ac-ly with the time SET by rumor for Mr. Harri-
mans entry into active participation in New York
Central affairs.
Mr Newman viii continue as I director in the
New York Central and in its allied lines. His
firement as president however. probably forecasts
TIE entry Of M Hartman some strong Harri-
msn man in the New York Central board in the
near future. For some years the Vanderbilt influ-
ence in the SYSTEMS affairs has been the wane,
ana many railroad men say they would not be sur
prised re see new interests dominating New York
Central affairs before the new year is far iad-
ranced.
The Union Pacific Is also a large holder of stock
0f the Chicago q Northwestern Railway Company,
which is one OF the most important Western
necuons Of the New York Central II is plain,
therefore, railroad men say, that Mr.. Hartman
is many ways interested in the welfare Of the
Vanderbilt system
In ms resignation 10 the board of directors, Mr.
Newman wrote as follows:
After forty years devoted 10 the exacting duties
q railroad service, IN my judgment the une mas
cone when should be tree from the strain and
b-IoeIs Wilc1 are necessarily lncloeht 10 tle posi-
Uon wt-icn 1 hold While IuIy realizing the honor
ana Importance of The Office, think have worked
Aaro enough ana ions enough 10 now lake more
leisure freedom from caIe than Is possible Tor
as the New York Central Lines enjoy.
toT these reasons ana a1ter mature consldeIa-
FLr 4 razT and - M
frst s7Tl5eiL aTI5Teriate The con6dence which in
ever member o. this board, and the efficient CO.
operation OF the officers OF company, who have
60 l9yslg supported during my administration.
Il accepting Mr.. Newman's resignation, the
board OF directors adopted the following resolu-
uon.
Resolved That curing the eight years Mr.. New
man has neld the once Of president he has devoted
rs whole time and energy 10 the interests Of the
property, ana has shown marked ability in his
treatment q The many complicated matters with
fhlcA f ne mas had 10 deal Much important % ant WORK @
as oeen initiated during his term and mas psen
carried On under his personal clrectlon ne mas mas
Organization OF the company, and in developing its
properties Ne appreciate the services ne has
bos-5 ila- @ 20 ID <ro@, SfT,5 II is with regret
tnat consent TO his relinqushment Of the Office,
which he has held 50 long and filled so well
As president Of the New York Central lines Mr.
NeEnan had the distinction Of being director IN
no less than 10 companies nearly all subsidiaries
nlsn was also president of the subsidiary company
In addition TO holding the presidency Of the New
York Central Il Hudson River Railroad Company
he president OF the Lake Shore q Michigan
Southern Railway Company, the Michigan Central
Railroad Company the West Shore Railroad the
Cleveland Cincinnati. Chicago & St Louis Rail
way Company the New York. Chicago & St Louis
Railroad Company the Rutland Railroad Com
pany. the Lake Erie & Western Railroad Company
ana rhe New York & Putnam Railroad
Mr. Newman was born in Prince William County,
Va. in 1sf7 and entered his railroad career IN
1ss. beginning as station agent for the Texas d.
Pacific Railway Company at Shreveport, La. He
rose rapidly in the service. and became general
freight agent for the Texas & Pacific in 1872 In
l@3 he Was appointed traffic manager Of the Gould
lines and In 1857 he became a vice-president of the
Gould system.
IN lsss 1Ir Newman left the Gould lines 10 be
come third vice president Of the Chicago & North
western he held the post until 1896. when he be
came second zice-president Of the Great Northern
uncer James J. Hfll In 1888 he left the dil road
10 accept the presidency Of the Lake Shore &
Michigan Southern. with headquarters in Cleve-
land
i 1sl-. on the retirement OF Samuel r. Galloway.
NJ Newman was elected president OF the New
York Central & Hudson River Railroad Company
1nd soon afterward was named president Of the
systems subsidiary lines. Mr. Newman VIII con
@nse 10 make his home in this city
New York Central stock was strong throughout
.esterday's trading Ia the stock market closing at
F