davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
FLEXIBLE CURRENCY NEEDED
McClung Says 1t Should Allow Con-
traction as Well as Expansion.

Jacksonville. Fla. Nav IA currehC!
e,,stem allowing adequate contraction after
financial upheavals is just As necessary as
system allowing expansion TO meet emer-
1encIes. said Lee McClung, Treasurer OF
the United States, In "a speech to-day ne
fore the convention of the Georgia Bank
ers. Association at Atlantic Beach. MI
McClung said in part;
4 system that allows currency expansion,
., ,,,eet an emergency. unless properly ana
sCiintidcally providing for contraction
y,be,, that emergency has passed Woulu
peco,oo a menace to the stability OF all
nstshIished commercial or Industrial enter
,,.{ees We have more uncovered paper
rrurrepcv than any other hrst-cldss nauoH
~ the world and our supply on goid mas
about es much burden as II properly can
carry. , lit, In ,bo minds
NJ our people that the issuing OF cuIreIcS
is rightly a governmental luhct,on anu
should have no connection Win nanhIns'
IT, question naturally arises why the gov
eminent should not issue the Whole Noi iile
~ naper currency. AS circumstances nave
,,raPcticafIv precluded the further issue OF
national banknotes, II is Decoulng neoss
Ia, ~ revise our currency system In order
"a 1rovide for an enlarged volume OF CIR
culation.
Ar,one tho reasons advanced against the
continued use of national banknotes' ac-
cording TO the speaker, is that they arc
not available In hank reserves
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

New York, May -, lBl- .
N-WHEAT-Prlce changes depended
largely on the weather reports from tne
southwest. and as the map showed no rain IN
Kansas where the crop r. said To be suffering
from the effects OF hot winds, prices advanced
sharply but lost the gain later under reaHLIhs'
due TO early private reports OF showers IN Nan
sas Closing quotations were only slightly above
the lowest AZ a a ic net lower. Foreign mar .
kets were steady TO nrn. with covering abroad
on reports that France has been good DuFeF
and on prospects Of light shipments from
Russia There were also claims OF complaints
from Hungary. and Broomhall cabled that Il
big latent buying power exists IN NoithWest-
cru Europe and Is likely 10 develop lf encouI-
aged by unfayordble crop conditions IN Euro
pean countries Clearances from staboaFd
points were again liberal. but were mostly or
Manitoba wheat sold earlier and now moving
through scaboard points Export sales. loads
81 ~. 1 Z. domestic basis. 10 arrive; export,
81 - o y aaOat: No ! Northern Duluth 81 20
b anoat CORN-Price changes were
small. the market closing at unchanged TO -
net higher Export corn here, S5'2c d
aaoat OATS-Easy early, but firm cash mar
keis and continued light receipts at interior
points checked selling. and prices late were
steady. closing at &c decline TO &c advance
cash oats steady. standard white, 81 &c, III
elevator: No 2 &c: No g. 81 nc No I, Ole;
natural and white clipped 81 n 65iac, on track
RYE Nominal BARLEY-Steady; mating
81 lGqsI2S e : Buffalo Wheat dncluding
-FOUR exports FOR the week. according 10
Bradstrcets aggregate 1898, 8l3 bushels
against 4O2T5I3 last week and 2,66ilS6 last
III OSOO3O last season Corn exports for the
week 1871 bushels. against " $50 last week
and 1880 last year. since July ], S2.31odJO
bushels against 1880 .sjT last season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
AMERICAN ORGANIZATION
Gillette Razor Go. to Increase
Capital Under Bay State Laws.

Tho Gillette Safety Razor Company one
-, NJ. Eneland's industries. has planned
- oa-italiza its growing assets by increas-
inc the capital from $4,000 to SlS,cooc.
The organization will be under Massa-
,busetts laws and will be known as the
Gillette Safety Razor Company with an
or+bor,zed capital Of 5000 shares or per
cent preferred and an equal amount VI
amman The par value OF the new shares
10 s1o0. worcestershire, or ten times the
mar Of the present company, which Is an
English concern, the shares or Whlch are
taxable ar.
The plan is to give TO each Of the hfty-
one stockholders one share OF the new Z
per cent preferred and one share OF ne"
common stock for each single share now
hold For the present per cent VIII DE
Maid on the new common stock. so that
nv the exchange stockholders will receive
the same dividends per annum as are no"
baing paid-namely. $40 share, or 100 per
cent on a par Of so.
Provision will be made in the bylaws o.
the new company that not more tlah
nor cent dividends shall be paid on COM
mon stock in any one year unless at IeaS
sioO ooo OF preferred stock is retired in that
year. -.
| The Gillette Safety Razor Company mas
factories in several countries and has oeeh
earning 81. 10000 net per annum as an aver
age for the last four years. AT the pres
ent time there is over $4,000 cash in It's
treasury.
The stock of the present company for
tbree wears has been receiving SO share
dividends per annum, but II was offered III
Roston twelve years ago at 30 cents a
sbare. while six months ago the stock sold
at $50 a share.
The officers Of the company are: Pres'-
don't King Gillette: vice-president John
1ovce and treasurer z. J. Fahey
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
CONTROL MAY PASS
Streets Idea of Operation That
Nav Consolidate Holdings.

Reports that control of the Seaboard Air
Line Railway Company would scOn pass
from Blair & Co, Ladenburg, Thalmann 4
Co. and theri associates were .lenied yes
terday by member OF one Of the banking
houses These reports. which bad their
origin in the decision Of the Cumberland
Corporation to sell it's holdings Of Sea-
board stock to a syndicate, had it that the
ownership Of the Seaboard would by and by
be taken over by Frank j. Gould and his
friends or else by II. NJ. Flagler, 10 be
linked with his Florida East Coast Line 10
form a system from Richmond through 10
Key West, in preparation for the opening
OF the Panama Canal, the connection north
ward from Richmond to New York being
furnished by the Richmond, Fredericksburg
G. Potomac and the Pennsylvania Railroad
The Cumberland Corporation, which was
organized by Thomas +. Ryan, Norman IS.
Ream and others, owns the entire capitai
stock of the Carolina, Clinchfield ~ ONO
Railway Company and also OF the Cllhch-
field Coal Corporation. these properties De-
ing controlled by the same interests WIN
are in control Of the Seaboard Air Line
The Cumberland Corporation acquired d
large amount of stock Of the Seaooard AIT
Line Railway Company. about S2ocV'V' III
all out OF the outstanding S1,Ol9'io com
mon and SO, Sli 100 preferred; the purchase
having been made. II has been uhCelSlOCu
with the idea that close relations Would DC
established between the SeaDoard anu
Clinchfeld roads These Seabodrd hold-
inCs were deposited by the Cumoerlano or
poration as part of the security for slo'
100000 per cent notes Issued pS II III
1895 and maturing on June To- lgl2.
II &c the Intention of the Cumberland
CORPORATION TO pay off these notes az ma
turity, and TO provide the necessary t%ha to
in is planning to sell its Seaboard STOCK 10
a syndicate which. II is said. Will De mdue
up OF interests connected with . me PresetEs
Seaboard management. 1t Is wall SIreeI .
view that with this stock, approximately
one-third of the entire amount outstaIIu
ing released as collateral for Cump sha con,
troIIing Interests I'm the Seaboard, the way
would be sirnplified for turnins over cIeal
ma jorty of the shares of the ;attes pio ~
erty to other interests who might oHer au-
va N a terms.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
REALTY EARNINGS FALL OFF
Surplus S176,877 Less than in
Preceding Year.

The report Of the United States Realty
and Improvement Company for the fiscal
year ended April 30, 1912, is rather less IA
vorable than that OF the preceding veal
The income amount, in which are included
the figures of the George a. Fuller Com
pany, shows gross earnings Of S}.3i2, 16l, a
decrease Of S9i52s. the earnings being made
up of S2,lS5, 26l from investments and sales
Of real estate and sl2O6.50 from building
contracts. Interest charges, accrued ex-
penses of unproductive real estate and de-
probation allowances aggregated $s35,3lS
and general and corporate expenses were
$574,2l, net earnings, after the deduction
Of these amounts, being sl,933,112 Deduct
ing interest OF sj96,50O on the debenture
bonds. the balance available for dividends
was s1,336,G7? and after payment Of divi-
dends Of S0S,li0 the surplus for the year
was S52S 532, a decrease of $116,S77. Total
surplus as Of April 80 was sl,394,S39 ana
after appropriation Of 100000 as reserve
for contingencies the final profit and loss
surplus stood at Sl,29iS39.
The consolidated balance sheet as Of
April % last shows assets and liabilities Of
t32. 3Ss,7jl. Accounts receivable are $l.5i2,
!39 and cash on hand is Sl.5S,S21. Ac-
counts payable arc S2.2ll,s7l.
The presidents report TO the stockholders
says that tie companys real estate is car
ried on the books at original cost The en-
tire expense Of carrying the unproiuCtivc
real estate. as has been the custom in pro
vious years, has been charged out OF in
come; but, In order TO show the actua'
cost 10 the company Of the respective prop
critics this expense has been added 10 the
book value of the properties, and like
amount has been set aside as a reserve.
The George A. Fuller Company's uniin'
ished business at the beginning Of the fiscal
year amounted TO s16,479,532. New business
was SCI .5O3.4 27. and work completed SlS,-
O6S, 1857; the unfinished business on the books
at the close OF the last fiscal year was
SfS aIO a0i
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
BOSTON WOOL MARKET.

Boston, May 24.-"The Commercial BuetT'
will say OF the wool market Tomorrow
A fair volume Of business on almost III
kinds OF wool at firm prices has been accom-
plished in the Boston market during the last
week. Included in the transactions were Old
Montana and Wyoming staple and clothing
woods well Utahs and Arizonas. A
very little fleece wool has been sold, including a
small lot Of new combing three-eighths Ohio,
besides which considerable quantity OF odds
and ENDS OF territory secured and fleece seedy
and bury woods have been disposed Of
The shipments OF wool from Boston from
January l TO MAY o. inclusive, were il1.527 957
pounds. against SO. ll6, 355 for the same period
last year. The receipts from January TO May
%. inclusive. were ia 100 IA pounds against
81 800. 9OS for the period last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
COTTON EXCHANGES YEAR.

The report Of the New York Cotton Ex-
change for the year ended April 30 last
has been issued. The building account
shows income Of $71.3OS; expenditure.
s6g242. and net income. $S,Ob6 "A gam OF
sq63 over the preceding year. The eX-
change account shows income, S12,3S9;
expenditure, s69.S12 and net income.
s2.577. an increase Of S9,60i, due chiefly TO
The decrease OF s635l in expenditures.
Income of the inspection department was
$685.. decrease Of s172,1S5, and expen-
ditures were s9045S, a decrease of Si3-
293. the net income being S,939, against
sI33s2g for the preceding year.
In the last year ffty-tve memberships
have been transferred and forty-three new
m, mbers have been elected. President
Neville recommends that the annual dues
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
LIVESTOCK MARKETS.
New York. May -. 1912.

New York, May ~. i9l-.
UFEyEs-Rccoipts, 100 cars, or s66 head
- ears on sale steers slow and shade
lever: bulls and good cows firm 10 frac-
ion higher; medium and common COWS dull.
but hardly lower Ordinary to choice steers
ia at Sass s. per 100 ID. bulls S3nSI -;
COWS, se5OasG 10: fancy COWS 50 80.
D,essad beef rather slow but frm. NO ex-
norts Of cattle from this port for the week
fndiuu Saturday, May 20.
SaIes-e sanders 20 Ohio steers 1910 10
average. IS 90 per ZOO ID; , bulls ESQ =, %.
liza IN. S.: ,. 100 ID. s.; . cows. IlG5
-. 81 so; :, III n 500; 70 il25 h. $50 So :
si"5. l. 1000 IN. S. 10. II, il3t 10. 50 l.
Soo m. "a 6a: q go III. 81 so; >. o54 Id. 81 10
2 oGI TO- s. 10; /. 1900 III, 81; /. 1000 %
&; 20; .. $50 n. 50 %. .. $50 10. 81 10; ;. sof
H. 81 90. ;. T0I III. 81 a.
Herns Commission COMPANY; 20 Ohio steers.
too5 Ib SIS Oj: 10 Pennsylvania. 11o5 III, s.
o.a H. 81 20 o. a9l III. 81: bull. 500 10.
a. %: l. t22o IN. s. II: > cows ltGo III. 80 ~
a OH 10. 81 ~; I, Ss0 III. 81 so; $. ss3 10.
So -. 49,, , .x.
,,os IN as az IS l2oI 10, s. g. 20. l3o2 10.
S. 80. 81 i26s To- IS "a: 10: 1865 H. s. -;
y. 1850 H.. $40; =. iIIs lb. s. SO; a. 1881 %
ID, C7: bull, 400 10. 81 IS. !. 1900 10, 80 o.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

crease in the Quincy rate from 81 IN Z, .,
share quarterly. This is the eighth con-
per company TO increase its dividend rate
this year. In addition TO these eight com
panies, two others have made initial dis
bursements. and of the eight which have
raised their dividend three have twic.
increased their rates.
The Sheet and Tube Company.
Tie Youngstown Sheet and Tube Com
pany has begun work on an addition for
the manufacture of tin, and IL is reported
VIII make the new addition an important
part OF the plant. Ohio Steel Works. at
Youngstown. will resume rail making Sun
day. May 26; lafse orders received.
Large Payroll.
The largest payroll in recent years. it is
reported, will be disbursed by the United
States Steel Corporation mills in Sharon
and Farrell this week The payroll for two
weeks will probably amount TO over 100000
All the mills are working to fullest ca
pacity with the exception of the North
works Of the Carnegie Steel Company,
which Is on single turn, and the Sharon
works of the American Steel Foundries.
Relative Farm Crops.
An advance bulletin issued by Director
+. Dana Durand of the Bureau of the
Census. Department of Commerce and
Labor, on the acreage rank OF principal
crops shows that corn in the United
States, based on returns for 1900. covered
more than half tho acreage devoted to
cereals, compared with nearly one-fourth
In wheat and one-sXth I'll oats. In the
Northern states 40 per cent was devoted
to corn. 25.S per cent to wheat and 22.2 per
cent to oats. In the Southern states 09
per cent Of the cereal acreage was in corn,
1916 per cent in wheat, 7.3 per cent in oats.
In the West only 6l per cent OF the cereal
acreage is In corn compared with oo.7 per
cent IN wheat. 2.5 per cent in oats, with
1875 per cent in barley. Divided by the
Mississippi. the FIVE cereals rank as follows
in acreage:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

cost and freight. equal to S.92c guy psld'
Some I5.0O0 bags Cubas We're SOLO 20 DC
Mahau, OF Philadelphia. at rs pasIs 90 .ss.
were 3.92c for centrifugal, 90 test 342c for
80 test muscovado and 3.17c for - test mo-
lasses Gables from Cuba were received Guan
renorting 90 centrals grinding. with rain con-
tinuine, and Hlmeley 80 centrals grinding WIN
some closed temporarily. In LONDON peer
sugar Mas ouiet out steady; May and June
las I'D and August, IFS 5i4d. WlIiett d
Gray-"Total stock Of Europe and America,
2Jl4 so tons against 2.s3G,623 tons last year
az the came uneven dates. The decrease OF
srock is 500 22S tons. against decrease OF
3S4 1873 tons last week. Total stocks and
anoats together show visible supply Oh =
or 2 decrease Of Isl DDS tons"
COTTQNSFFD OII-Nery inactive, ana
demand. closing al unchanged TO points net
lower. Local contract prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

The weekly movement figures Of the Ne" a. OH 2-S
S,fton Exchange follow. Port receipts, 90 ."
80 .gsiDs, al bls las, wear. overland 10 mills
and Canada II $50 agalns, $500 last ear ear
southern min takings estimated oV,uNP'
against - OOD las, year loss Of stocks al interior
,d,gns l. ala against - s3s last year; brought
into sight Tor the week. 1854. AGAINST 90. 80
asst wear Total crop movement. foiI 'e'elp.s
~ AZ ~. n 3gS added receipts Par!hc loftsl
against 424 jI3 last season. overland 10 MINIS
- canada 90 s97 agains; 923. S11 last year
Si,bern min takings, 2t4ooO0, against @,O3o'-
900 L., ,ssr. sto.k AZ interior towns IN excess
~ s.ptember !. ~ 49, against 4l,+oy last
wear: brought into s!ght thus Tar thls ses- -.
~ na- at2 against II 5a4 $50 last year. Inc
,"tsI crop movement Is FOR 26I days this season
against PES last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
HOLDS AUCTIoNEER LIABLE
RESPONSIBLE for Delivery of Stock
When Contract Is Made in His Name.

Albany May ga person who deals WIN
an auctioneer In a sale OF stock can hold
the latter liable for failure to deliver the
stock purchased where the auctioneer
makes the contract In his own name and
does not disclose TO the purchaser the
identity of the owner OF the stock
This is the effect OF decision to-day
by the Court OF Appeals in the action OF
Charles G.. Meyer against William +. Red
mond and others doing an auctioneer busl-
ness under the firm name of Adrian h.
Muller a. Son. OF New York city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
SIZE OF INCREASE IN ooUsr.

The meeting OF stockholders OF La Belle
Iron Works, held on Thursday at Wheel
ing. W Va, TO take action on proposed
increase in the capital stock. was ad-
iourned until June 20. because OF diner
ence Of opinion among the directors, some
~ whom recommended an increase from
$40 00.O Goo 10 SOS. 0Ca, 0O0s while others sdvc-
Gated s2o.Oo0.OO0 as the enlarged amount. "
Is assured that at the neAt meeting an w.
crease OF at least 100000 will be approved
by the stockholders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
IAuNoeYMEN GET TOGETHER.

Albany. MAY 24.-The New York State
Laundrymen's Association. Inc, with its
principal ONCE in Albany. was Incorporated
to-day to advance the interest and general
welfare OF laundry owners and those en-
gagged in the allied trades. The directors
are James 4. Kelso. Rochester; Nolney =.
Kline Buffalo. Edward J. Richardson.
Syracuse. T.. A Gasner, Schenectady, John
II Heath and Max Pruess. New York
Alfred ). Target. Cohoes. James \. Beat.
tie, Troy, Frank D. Wescott, Utica, and
n. r. Thompson. Saratoga. --
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

PROVISIONS Steady most OF the day hut
lost the advance late under ga,dao xo, r INC
fumiiy. $50 50a sci; short clear $40 70 a $50 %.
BEEFLStcady: mess s15dsl5 80: family. SIS
@ss 80 500 ; s%a 20 BEEF HI%MsGoSiet SIS
GsSi DRESSED HoGs-steady; bacons.
lo' pigs III i cut pck MEh Mans
iat| a i9c. TALLOW- Steady; special, csc;
civ. Ole: country GI9 q6kc LARD-Mlddle
west. io.5oo lo6oc; city. loi,c, refined; South
i3c: compound 0G9tc STEARlNE-Oleo,
10 Il 1sc; city lard. l2lse.
and May l5a1625c; June, 18logI 1926;
JuIy. 1900 1886: August. l6l21a n 1850;
September 1872 91@>Sc; london ad hr ,ans spot Dot
norts 70 S42 tons SO far this month; lake cop
per. lGi1gi6%s; electrSlyte' lol3 a. l6% ~,
AZ 81 j. a "a soc May. $3.50 a 40 soc June az. -
n 40 a0c. July. 1875 q $1,000; August ~ 32 u u
44S7i.c. September, 43o5 pa $3.50; sales, 10
IONS June at 40 Csc LEAD--Firm 4.15d 420c
New York 4O2ls a aloe East st Louis; sal s.
-. 600 Ia August, New York; az 4%9c so 900
10 June, 81 Louis az ana 100000 le J TRp at
STEADY. 6.Soq $500 New York, ee2ls a 6 soc
East 81 Louis; sales. 10000 ID June 81 Louis
AT ssIt.; 100000 10 July, $500 London, 1875
Izs I'd ANTIMONY-QulNt: Cookson's Sc.
IRON- Cleveland warrants, j3s lolsd In Lon
don; locally steady; No ! foundry northern
fnyndrV Northern. SIS % ISIS So
GLASSES AND sYRUPs-Molasses WAS
moderately active hut steady. syrups steady
but quiet
rather easy Al SOC. while rosin ruled steady
OJIs-Iinseed oil unchanged Refined petro-
leun1 steady at recent prices
RICE-Quiet but stead
srGiR-Rehned vas higher. Arbuckie
Brothcrs who have been quoting SC net. less
2 per cent cash. for hne granulsted. Withdrew
| from the market. Other rehners raised prices
| 10 points 10 52Ic net less per cent cash
! The American quoting that price for prompt
.hipment. Raw was hrrr. with sales OF 5000
hays Cuba in port At 2 Ice. basis 90 test
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
NEW SAFE DEPOSIT COMPANY

Albany. May :i.-Application 10 do bust
Moss has been filed with the State Banking
Department by the Colonial sank sste
peposit Company. OF New York citN' WIN
capital of 100000 The directors are
Alexander Walker. Edwin W. orNs' VIII
lam g Duncan. George ;. carr aho
CHARLES &. Williams, Of New York CITY,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
CHICAGO GRAIN AND PROVISIONS.

Chicago, May 24-Ksnsas made prices to-day
for the wheat pit. The trade watched almost
exclusively the varying news from that state re-
garding weather and crops In the end the
market was decidedly nervous and Nc 10 10
under last night. Corn closed unchanged to
LdLc up and oats advance OF 14hc
Provisions finished irregular. strung out from 50
decline TO l2isc increase in cost Range Of
prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

Secretary Hes,cr's report OF tho worlds supply
NJ cotton shows the total visible IL 49, oh'
baIes against 44si, 100 last week, 3.ll15I9 last
wear and 3i3l. 40S year before last of TINS
American cotton is 3. lb4es' against ""lo'f~
last week and 1874 SO last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
SEED PRICES.

Toledo May "a - CLOvERSEED - octobss.
bush, $40 37ia: Deeember. $40 ~; XLSIkD.-
Prime. so 80; August, so so TTMOTiY-PrflnA.
So: August, 81 70; September. 81 IS ootobsP.
81 OF
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25

Iiycrrool cables. Spot fair business sales
c oGo bales speculation and 800 export, amer
can 1000 Imports, ono. al American N'n
dpi,y INLAND s3sd Futures opened steady at
AZ 20 4 points decline: closed steady. 20 =
points higher May. May-June and June ny
Gid. July August, 62id AuguS' ,lltorTo
vrmber' 6 isl.d. November December. oir ~.
Decenber-January and January February; go
February March. 6.lsd; MaIch, aATl.' 80
Ami NAV 49,. May-June, O2o'2d
New Orleans May Cotton futures .PtncoJ
steady unchanged TO = points down c"hlpai,,n
,.itb yosterlay's close. Gables were not puItt,
as high as due and tho weather map was as en-.
very favorable. The market mao s''ang ,, ~
builish nature regarding reports on cohdlIl.n
from private crop reporting concerns. nhoI =
covered and there q moderai" amount ~
hDyiny for long account Tho close was st'ddy
a, a net advance Of S to 10 points
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-25
NEW GRAND TRUNK PRESIDENT
Edison Joseph Chamberlain Succeeds
the Late Charles M. Hays.

Montreal, May 24-The announcement was
made to-day that Edison Joseph Charlioe'
lain. yice-president OF the Grand lrui'h
Pacific Railway, has been appointed 10 SUI
coed Charles NJ Hays, who lost MS ne III
the Titanic disaster, as president OF the
Grand Trunk Railway Company OF Cahaua
William Wainwright, vice-president OF the
Grand Trunk and second vce-presideht Vi
the Grand Trunk Pacific, becomes FIRST vice.
president OF the Grand Trunk Pacific, sue
ceedlng Mr.. Chamberlain
NJ. NJ. Reynolds. OF Montreal, vice-pres-
ident OF the Grand Trunk. Is made direc-
tor and second vice-president of the Crane
Trunk Pacific.
Boston. MAY 24.-Edson J. Chamberlain Is
a New Englander by birth and BEGAN his
railroad career on the Central Vermont
Railroad. Mr. Chamberlain was born ~
Lancaster. y. II. and started railway work
in 1871 at St. Adams, VI. Subsequently he
became corresponding secretary 10 the gen.
eral superintendent and private secretary
10 the general manager OF the Central YER
mont Railway, superintendent OF the og-
densburg & Lake Champlan Railway ana
the Central Vermont line OF steamers. In
1886 he was appointed general manager Oh
the Canada Atlantic Railway, holding that
position until the Canada Atlantic vas
bought by the Grand Trunk.
On the resignation OF Frank W. Morse a
few years ago. Mr.. Chamberlain was ap-
pointed general manager OF the Grand
Trunk Pacific. When Mr.. Hays was APP
pointed president Mr.. Chamberlain was
promoted TO a ce-presidency Of the Grand
Trunk Pacific, with headquarters at Winni-
peg