The morning journal-courier., 1908-10-22
DIRECTORS ELECTED
Mellen Again President and BrooBer Secretary of
 Roads Board.
YEAR MOST UNFORTUNATE
Head of Corporation Says It Has Been the Most Disastrous in History
 of Company.

AL the meeting or the board Of dircC- tors of the New Haven road following the general meeting of the stockholders, the following officers were reelected; President Charles S. Mellen, vice-pres- idont Of the board of directors, Charles P Brooker, secretary John G Parker; treasurer Augustus $, May.
 As soon as the stockholders meeting was called to order ], Pierpont Morgan moved that the annual report be ac- cepted This was passed. Then came the regular voting.
 The ballot prepared was for the election of twenty i've directors, for the acceptance of the annual state ment and a certain resolution adopted at the September meeting of the di- rectors. This resolution authorizes the president to vote the stock of the New England Navigation company in approval of the sale of 1000 common shares of the New England Invest ment and Securities company to eight individuals. directors of the company This sale has been made and paid for dl pdit J lle N'lc. i'-NuN NhS Nb b'l approval of the stockholders. Mr. Mellen explained that tho Investment and Securities company was a volun- tary association under the laws If Massachusetts to purchase and hold trolley companies formerly under the Consolidated Railroad company which had been merged in the New Haven railroad The sale was made, as there had been q decision that the road must dispose of its Massachusetts troll leys
 Aii of the propositions on the ballot were adopted and the directors were reelected as elected one year ago. eN- cept that Amory A. Lawrence was chosen later in the year to succeed Charles F. Choate, who resigned. Thr beard elected is as follows.
 William Rockefeller ] Pierpont Morgan, Geoorge Macculloch Miller, Nathaniel Thaycr Charles K Brooker, George ]. Brush, | De Yer Warner, Frank w. Cheney. Edwin Milncr Will lliam skinner, n. Newton Barney, Charles S. Mollen, H Nick, Twombly, Robert w Taft, John II, Vhittemore. IJamcs $. Elton James $ Hemingway, James McCrca, A. Heaton Robertson, l Frederick r. Brewster, Henry K. Me- Hmgc, Edward D, Robbins, Lewis Class Ledyaid, Charles NJ. Pratt, Am ory X Lawrence
 All Che above received unanim ous vote representing 5S2,3Si shares Of | stock
 While the ballot was being taken President Mellcn said Gentlemen, we
 meet but once a year and if there arc any questions you have to ask you
 shoid do so at once .
 A. NJ. Hitler of this city asked about the Foaton & Maine railroad The Preaident-This company has never owned a share of the Boston c 1 Maine, although interests identified with the company have made such purchases This stock, however, has been sold at Sl25 a share at stt0OO,0o0 of cash and satisfactory notes, which iarc in the treasury of your company, ] But this company has never owned a | share.
 Clarence Doming of this city inqulr- l ed af tho president about the business l situation
 The year has been the most unfor 1 tunate one thiF company ever expert. enced." said Mir Mellen
 "1n July and August the railroat I business progressed about as usual fo, 1 that period Tn September there was I surprising change for the better, but 1 it was evidently onlya spurt, for octo 1 ber has not horne ont this hettermcn' ! in business I am not looking for any marked improvement In our business
 untl after tho political situation f
 over. After the first of the year WI
 ought to get better business, II is z
 case of wait Meanwhile we shoult | close ID the avenues by which any bt | our income can escape
 The authorized stock of the company | ia Sl31STS10l, Of which S9TSa5 700 1.
 outstaudinE A majority of siSo,4Ti 1 900 and more of this sum was repre- scnted in the stock vote