Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1910-09-14
PRESIDENT TUTTLE
RESIGNS FROM BE- N,
Believes New Haven Co. Should Take
Responsibility for Administration Of
Boston & Maine Rai|road--Di-
rectorS Express Appreciation.

Boston, Sept 13.-Lucius futile to-
day resigned the presidency of the
Boston & Maine Railroad. Charles S.
Mellen. president of the New York,
New Haven & Hartford Railroad to-
night is acting president of the Boston
IL Maine, with all the powers of pres
ident. The retirement from office of
the man who for II years has been at
the head Of the great railway system
of Northern New England became Il
fact at the regular monthly meeting
of the board of directors of the Boston
Il Maine Railroad held at the North
STATEN in this city today. Mr.. futile
retires because of i'll health and also
because he believes that the New Ha-
ven Co. should assume the direct re-
sponsbility of the administration of
the Boston & Maine. He was granted
n leave of absence for the remainder
of the term.
Ever since the New Haven Co. ac-
uuired actual control of the Boston &
Maipc system. there has been a gen.
eral expectation that President Tuttle
would retire at an early date. At the
last annual meeting of the cOmpan ny.
Mr.. Tuttlc announced that he believed
thai the time had arrived for the New
Haven Co. to take the active direction
vi the Boston & Maine, but i'll COM
pliance with the request of the New
Haven board of directors he consented
to remain as president for another
year. FREQUENT reports of his resigna-
ton since that time have been en-
nhatically denied and his retirement
TODAY came as a surprise to the COM
munity
When the board of directors met to-
dav President Tuttle presented the
following communications:
When the company's annual meeting
took place last year, the New Haven
Railroad was indirectly but legally,
possessed of an ownership of this COM
pany's outstanding capital stock SUI
ficicnt to give it full control of its at
fairs. I was then of the opinion that
in conformity with the custom pre-
vailing under like conditions with this
company as we'll as elsewhere the tim"
had arrived when the New Haven co,
snouId assume the direct responsible
ity of the presidency thereof. as well
as to that of each of it's controlled
lines.
"Jr conformity with that opinion my
retirement from your presidency ana
the succession of the New Haven
president, thereto had, as most of you
know, been satisfactorily arranged lot
Rofore this Arrangement became etfec-
tive, however, it was revised ana. IN
compliance with an official request OF
the committee of the New Haven
Roads board of directors having
charge of this subject, l consented u
serve as your president for the current
wear As the reasons that actuateo
this request that I remain In your yer
vice seem no longer to exist. ] revert
to, the opinion that | held upon tnis
subject last year, and I do not desire
election to the presidency of the conf
many for the forthcoming corporate
year.
"Morcoyer. as the work of the COM
ranv.s fiscal year has been brought TO
A successful conclusion and the poaro $
ronort thereof to the stockholders has
heen prepared and approved. and as
during the past four years l nave Id"
M relief from the somewhat arduous
and exacting duties incident TO my
office. I would request that l be grant
oil leave OF absence loI 'ue wv -
mairing weeks of my term
The directors thereupon passed the
following vote:
"Voted. that the board hears with
regret the determination OF the presi-
dent not to continue in the service Oh
the company in his present positlon
and takes this occasion to express its
very great appreciation of his long ana
able service in it's behalf. 1t hopes 10
have a continuance of his services aS
a member of the board and aVall IT,
self of his knowledge acquired through
MANY years of service.
voted, that the president be grant
ed leave of absence, in ACCORDANCE
with his suggestion, until the annual
meeting of 1911.
"Voted. that Charles S. Mellen pc
and he hereby is elected acting presi.
dent with all the powers OF president
While no official statement on the
matter of his continuing to serve as
q director of the Boston a. Maine was
issued. it is understood that MT. 1uleie
will remain a member of the poaro'
ue has previously expressed Wiling
moss to accept a nomination to the
new board of directors to be electeo
on Oct. H. Mr.. Mellen Will assume 'iie
duties of acting president at once.
The placing of Mr.. Mellen at the
head of the Boston G. Maine means
the practical contamination OF tne
merger of that road with the New
Haven Railroad. which has generaliy
been accepted as fact for the past
wear or more The movement for TINS
merger began when the New haven
Railroad purchased controlling owner
ship of the Boston & Maine STOCK
When the Massachusetts, courts prac-
tically forced it to relinquish this STOCK
| II was sold to John L. Billiard of Merl-