The Washington herald., 1908-01-08
MAY NOT ELECT LOEB
Some Doubt His Rise to Head
of Local Railway.
DIRECTORS TICKET NAMED
Prominent Stockholders Confer and
Suggest Seven Men 20 Re Voted
Upon at Annual Meeting-The News
EIecfriaes stock Exehange-Bonds
and Preferred stock Sell Freely.

1T Is by no means foregone conclu-
sion that William Loeb. jr., will be
elected president Of the company, be
cause his name appears among the pro-
posed directors.
The men whose names appear upon the
ticket for election to the directory will
all go in unpledged to vote FOR any par
t.oular man as head Of the company. 1
an sure each one VIII act in the best
interests Of the company and vote for a
president upon whom the directors. when
elected, can agree, who will, at the same
time, be a strong and capable executive
officer. Charles J. Bell.
At a meeting of the principal stock
holders in Washington of the Washing
ton Railway and Electric Company the
names OF seven men were placed in
nomination as directors OF the company,
to be voted for at the forthcoming stock
holders meeting. which will be held
January - The names OF the proposed
directors follow; Woodbury. Blair, George
II. Harrieg. William Loeb. jr. Allen Nc
Dermott. c. F, Norment Ward Thoron,
George Truesdell.
In addition TO the naming Of seven men
for directors. the meeting of stockkhold-
ers appointed a committee on proxies, as
follows: c. J. Bell. c. c. Glover, ". B.
Hihbs.
Charles j. Bell PresIdes.
Charles J. Bell presided AT the meeting
of stockholders yesterday. and while the
general affairs of the company were
talked over quite freely, the nomination
Of directors was carried through with
great unanimity Of sentiment
When the ticket was made public it
aroused much comment in financial cir
eles. The general opinion was that ii
predicted the election OF Mr. Loeb. who
is admittedly the representative of strong
New York interests ia the company, 10
the presidency. 1t was argued that this
interest which he represents. with enough
of the Washington stockholders who are
in sympathy with il. Will carry the day
in the meeting OF the stockholders on
January IS and his election TO the head
Of the company viii follow. Some, how
ever, who are well informed regarding
the inside workings Of the company said
this was not SO. among them Charles J.
Bell whose views on the subject appear
at the head of this article
Others who expressed doubt as TO a
slate being arranged beforehand said the
men named for directors have yet % be
elected by The stockholders and the hint
was dropped that there was sometimes
a hitch between prearranged plans and
their fuIhllment II was stated that the
men named for the directory would prob
ably be elected, as they are representa-
tive men chosen from the active manage
ment of the system and those who within
the past year have acquired large hold
lngs Of stock.
When il comes to the election of officers
of the company, many think that is
matter which has not yet been given
much serious consideration. The pro-
posed ticket of directors is looked upon
as getting together Of ali Interests and
an effort 70 put the company on a sound
basis, with strong local men associated
In the directors with the outsiders who
have large investments at stake In the
securities of the company.
Eject on Stock Exchange.
The publication of this ticket. which
was done before noon yesterday, had a
mighty effect upon operations of the
Washington Stock Exchange. S10,500 face
value Of the 1 per cent bonds Of the COM
pany being bought upon the floor and
sold at 10 Then the brokers began TO
gobble up the preferred shares OF the
company in fifty-shaTe lots. the price
going up from 701-e 10 4 Is, before GO
shares had been taken in. one or two
brokers We're the principal buyers and
stood ready 10 take more had not the
visible supply been exhausted Outside of
these two issues there was a little scat
tered trading in Capital Traction SIS and
MeTganthaier.
Il was the largest days trading since
the beginning Of the financial furry two
months ago
The directors Of the Firemen's Fire In !
suranCe Company met yesterday and /
elected the following officers to serve for /
the ensuing year: r. G. Davis. president; |
W j. Wilson, vice president; w. H. |
Hoffman, secretary, and James NJ. Fitz- |
patrick, assistant secretary.