New-York tribune., 1910-07-14

to a responsible position in the New York
Central mana cement did not cause much
surprise in Wall Street, as ever since the
death of 4. II. Hartman the YanderbiitS
have taken an active part in the affairs of
the system, and it has been generally un-
derstood in financial circles that control of
the property which prior to his death had
been reported as gradually passing to Mr..
Hartman and his associates, was now Sc
curely lodged with the Nanderbilts and with
bankers who have been fiscal agents of the
company from the time of the commodore
The Vanderbilt holdings Of New York Cen
tral stock, it is said, have been largely in
creased since the panic, when they were
reported TO have parted with a great deal
of their stock in the system, and are now
as large as they ever were.
In announcing the appointment of Mr.
Vanderbilt as his assistant, President Will
lam c. Brown made it known that for TWO
years the young man, who has generally
been looked upon as taking more active
interest in automObiling. motor boat racing
and aviation than in the management of
the roads founded by his great-grandfather,
Commodore Vanderbilt, has been hard at
work for the New York Central. The Off
ciai announcement was follows:
Brown has used Mr. W. K. Vanderbilt, jr.,
a great deal in making Investigations OF
different matters and in assisting generally
in his work.
The " ork has been doTe very efficiently
In order TO make more general use of Mr.
Eandcrbilt's services it was thought wise
n give him the standing that the official
title Confcrs."
Mr.. Vanderbilt was elected a director OF
the New York Central last January, TO sue
ceed the late II. NICK. TWombly. lie was
already n member of the boards of all TIE
subsidiary lines of the New York Central
system and is also director in many
other corporations. including the lacka-
wanna Steel Company, to whose board he
was elected d few months ago.
Mr.. Vanderbilt IS a sor of William X
Vanderbilt, who has spent much Of his
time abroad of late years, although since
the death of Mr.. Hartman he has made
long visits here and has taken an active
part in the management of the New York
Central system, Of which he is practically
the head. Mr.. Vanderbilt, il, is thirty
two years old, and is a graduate Of HaI
ward, Of the class of '01. He is best. known
TO the public as the promoter of automobile
speed races. He offered the Vanderbilt Cup
which has been the prize for the great an
nuaI automobile speed contest on Long ISL
and for a number of years. and is president
of the Long Island Motor Parkway, Inc, d
private right of way which he was in
strumental in having built when the
races which he had promoted were recog-
nized as too full of danger to be held OF
the ordinary Long Island roads. He has
made several speed records himself with
an automobile, and has also been prOmi-
nent in motor boat racing. Lately he has
become interested in aviation, and although
he has not yet made any flights, ne has
been a frequent visitor to the aviation field
at Mineola and has offered TO assist III
raising the necessary money for the tormI-
ton of a permanent aviation ground there
Whether or not his new duties will pre-
vent his taking such prominent part in
the world of sports as he has in the past
remains to be seen, but it is not believed
that he will let business interfere entirely
with his activities in this direction.
To what extent Mr.. Vanderbilt Will re-
leve w c. Brown of the duties connected
with the operation of the New York Cen
tral was not stated yesterday, but some
significance was attached in railroad CIR
cles 10 the fact that for the first time
since he has been president of the ROAD
Mr.. Brown is TO go abroad for his vacation
He will sail on August ., and will be gone
six weeks. Heretofore he has spent his
vacations in the Adirondacks. where a spe-
cia1 wire enabled him to keep in touc1
with every part of the railroad system aad
to transact a large amount OF business
every day. Railroad men believe that his
confidence in the ability OF young Wander
bilt TO manage the affairs of the road in ms
absence has led him TO take his first trim
abroad.