The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-11-27
NEW DIRECTORS
/ Of s. A. |. MEET
Membership of Board Now Com
posed Largely Of South
ern Men.
WAKEFIELD MADE CHAIRMAN
Progressive Policy in Adding
Facilities and Making I'm
provements Decided On.
Especial to The Times-Dispatch. !

Especial to The Times-Dispatch-l
Baltimore. Md, November e.
Leaders Of development In the South
met influential bankers OF New York
and men Of large affairs at the first
meeting of the new board Of directors
Of the Seaboard Air Line Railway held
here to-day. This board inaugurates
the new policy in the property to
bring into close relation large sources
of Investment capital in New York
with the opportunities Of development
In the States of the South traversed
by the Seaboard. The makeup Of the
board gives larger representation to
these States than ever before. They
are given four times the number OF
directors they previously had in the
old board. Then these States had two
directors Now they have eight. This
does not include the directors living
in Baltimore and Washington and New
York-nen whose large investment
interests in the South closely tie them
to this section.
In all there are twelve resident d.
rectors in the South. They are W. J,
Harahan. Norfolk. Va; Charles r
Capps. Norfolk. Va; Fergus Reid.
Norfolk, Va; Milton E. Allies. wash
ington. D. c.; Mills B. Lane. Savannah.
Ga; Robert F. Maddox. Atlanta, Ga:
J. P. Taliaferro. Jacksonville. Fla.
George w. Watts. Durham. N. e.: A. n.
Woodward. Birmingham. Ala: J. VIII
liam Middendorf. Baltimore. Nd:
Townsend Scott, Baltimore. Md. and s.
Davies warfeld. Baltimore. Nd.
The place of meeting has been trans
ferred from New York to Baltimore
So as to bring the men Of the North
and South into more convenient and
closer Relationship.
At to-day's meeting 9. Davies War
field, OF Baltimore. was elected chair
man Of the board OF directors. This is
a new position created at the last
annual meeting Of the stockholders
Mr.. warfield has been actively iden-
titled with the development OF tho
South and Is president OF the Continen-
tai Trust Company. OF this city. He
was ono Of the founders Of the Sea-
board system and was chairman Of
the receivers who successfully rehabil-
itated the property. He formed ana
headed the Warfield syndicate which
last June made the large purchase OF
Seaboard stocks, becoming an impor-
tant factor in the property. Mr.. War
field then announced that the South's
position in the property was to be
emphasized ana ihis section more
largely REPRESENTED in the manage
ment
The other Seaboard officers were all
reelected, including w. J. HarahAn.
president: Charles R CappA vice-pres-
ident in charge Of trafac: b. c. Port
eous. secretary: Robert l. Mutt, treas
urer and assistant secretary; T. w.
Roby. comptroller; w. J. Calvert
assistant treasurer. An executive COM
mittee was chosen composed Of &
Davies warield, chairman: James A
Blair, Franklin J. Brown, Samuel l.
Fuller, l. F. Lore, w. 8 Meldrum.
w. T. Rosen, BENJAMIN Strong. Jr.. +.
A. Vanderbilt.
President Harahan Will be ex ofncio .
member Of the executive committee.
The following finance committee was
appointed: S. Davies Warf1eld, chair
man, president OF the Continental
Trust Company: James A. Blair. OF the
banking house Of Blair & Co.; Samuel
L Fuller, of the banking house of
Kissell Kinnicutt & Ca; w. T. Rosen.
OF the banking house of Lacenburg.
Thalmann & Co.; Benjamin Strong. Jr.,
vice-president Of the Bankers Trust
Company; F. A Vanderlip. president
of the National City Bank: A. NJ. Wig
gin. president Of Chase National Bank.
A progressive policy was decided on
by the board In supplying additional
facilities and making improvements.
Besides the twelve resident directors
in the South and the members OF the
executive and finance committees. the
other members Of the board are James
C. ColRate, Wilson S. Kinnear, Norman
r. Ream, Charles H. Sabin and B. F.
Yoakum. Leigh r. Watts, general
counsel. and James Byrne, advisory