New-York tribune., 1911-12-31
NEW YORK RAILWAYS CO.
SUCCEEDS METROPOLITAN
Corporation Organized with The.
odore P. ShOntS, of the Inter
borough, as President.
TO TAKE LINES TOMORROW
Management Says 1t Will Spare
No Pains to Give the
Best as to Safety
and Courtesy"

The organization OF the New York Rail
ways Company. as successor TO the Metro
poltan Street Railway Company. was per-
! fected yesterday. and board OF directors
and executive officers were selected Theo-
| dore p Shonts. as expected, was made
president. and Mr.. Shonts afterward an
! uounced list OF appointments which IN
cluded the same executive officers who are
serving with him in the management of the
Interborough- Metropolitan system Franz
Hedley is a vice-president and general man
rger OF the new company. Oren Root, 10Y
several years manager OF the old Metro
politan street Railway system. resigned
II. II. Vreeland, president OF the Metro
politan system under the old regime, VINO
had been mentioned as Mr.. Roots probable
successor was not selected TO act in any
official or unof1cial capacity. it was said.
A board Of nine directors was selected.
AIR. Shonts. Andrew Freedman and +. j.
Eerwind, all directors Of the Interborough-
Metropolitan, represent that company on
tie board. The six directors selected 10
represent the bondholders were:
Alexander ]. Hemphill president Of the
Guaranty Trust Company; Edwin s. Mars
ton. president OF the Farmers Loan ana
Trust Company; Charles +. Mathewson. OF
the law firm OF Kauthoff. Harmon q
Mathewson; Guy T.. Tripp chairman Of the
jcint bondholders committee; Harry Bron-
her. of Hallgarten & Co, and Joseph J..
Cotton, jr. who has acted as counsel foT
the bondholders' committee.
The full list Of appointments given out
az the presidents office followe:
W. Leon Pepperman, assistant to presi'
dent: Frank Hedley, vice-president and
general manager, in charge Of maintenance
OF way and structures, power, maintenance
Of equipment and transportation; d. w.
Ross vice president in charge OF contract 3
end supplies. 10 have charge Of purchase
and distribution Of materials and supplies.
negotiating contracts and having general
charge Of real estate matters and inSur-
ence; II. NJ Fisher secretary; J. IL. Camp
hell, treasurer; Richard Reid Rogers, ooun-
sci; J. l.. Quackenbush. general attorney;
L. F. J. Gaynor, auditor.
To Take Property Tomorrow.
President Hedley announced that he
had appointed George Keegan. who had
been his assistant as vice-president OF the
Interborough. as superintendent of trans
portation. Other appointments by Mr..
Hedley were: George II. Pegran. chief
engineer; II. G. Stott, superintendent OF
motive power, and j. S. Doyle, superinten-
dent Of car equipment. The company will
assume the general management CT the
property tomorrow.
A poster in large type, ITO The Public"
will be conspicuously placed in all the sur
face cars tonight announcing the change
of management and promising patrons OF
the company good service in the future
The poster states that the new company
starts business with financial obligations
OF over 100000 less than those Of the old
company. 1t continues:
The public can be served best by a pros.
porous and popular property. The patron-
age Of the public is solicited in order that
necessary improvements for the better
mcnt OF the service may be possible and
fair return earned upon the investment.
Beginning with the New Year, these lines
VIII be under the management Of expert
snced operating officers. who have been
directed by the new company to spare no
pains 10 give TO the public not only good
service but the very best as 10 safety
speed (comforU. courtesy. cleanliness, light
and heat.
The word comfort" was included in the
early proof of the poster. but was after
ward struck out. No reason was given for
the correction. 1t was taken to mean. how
ever, that the company could not euaran-
tee peaceful and undisturbed ride in its
rolling stock when people would persist in
overcrowding the cars.
Arranged for Fresh Capital.
Rumors current yesterday that Henry G.
Frick, the steel man. Thomas +. Ryan and
J. ogden Armour and associates are 70 be
heavily interested in the financing OF the
new company we're declared TO be without
foundation by a director Of the company
He stated that the InteTborough- Metropoli-
tan Company arranged several weeks ago
for the raising Of fresh capital and that
none Of the men mentioned is TO take part.
The resignation Of Orcn Root and his
failure to be identified with the new com
pany came as surprise in some quarters.
MIR Root has been engaged in the active
mana cement Of railroads practically since
his graduation from Hamilton College, in
1898. lie had been general manager Of the
Metropolitan system for several years. hay
ing succeeded II. ". Vrccland lie was
only thirty years old when he assumed
mat important POSITION, ia 1903. Besides
being the vicc-prcsident and general man
agcr Of the New York city Railway Com
pany, which position he has just resigned
ic was a director OF the Metropolitan Sc
curitieS Company and an officer and dl-
rector in score OF subsidiary companies
under the Metropolitan system. Mr.. Root
is a nephew Of Senator Elihu Root His
resignation takes effect tomorrow.
Mr. Root married Miss Ada Acosts,
daughter OF Mrs Ricardo de AGO. in 1906