The Bridgeport evening farmer., 1913-08-23
ELLIOTT TELLS
 OF HIS POLICY New Head of New Haven System Outlines His Elf
 forts for the Road
ECONOMY IDEA STRONG
Efficiency and Safeguarding of Stockholders Interests
 to Be Uppermost

At the meeting of the stockholders
 of the New Haven road yesterday, Howard Elliott, the coming prsid ent,
 made his first speech and he outlined what he hoped to do. The speech was l well received by the stockholders who were not in an amiable frame of mind at the time, due to the discussion of the stock issue This is what Presi- dent Elliott said:
 T am not yet an officer of your com pany, although I was elected a direc- | tor a. few weeks ago pending the time 1 when I will become your officer and | your servant.
 'tOn and after September first shall 1 come to New Haven and take off my l coat and go to work. I shall endeavor 1 to perfect organization, if one does not already exist that will attend l closely to all of the details that are so important to you as owners and to l the public that the railroad serves. Little matters such as these mentioned | by our good friend MT. Davis should | be attended to and yet you probably 1 do not realize the enormous amount of detail connected with a road the size of the New York, New Haven and Hartford railroad.
 "The engines on the New Haven l road every day run 120,000 miles, or five times around the earth. It means a great deal of attention to have every
 
 try to do 1t and we will try to see that the scrap is picked up and either sold, or, as is sometimes the case, it Is cheaper to bury it rather than to pay the labor cost of moving it.
 'I listened with great interest to what MT. Hitler said about the stock holders of this company, and they have a duty and they can exert an in f1uence themselves to help the man agement Of this company, because df- rectors and officers of late years have been SoreIy beset at trying to do their duty to the owners and to the public We have had to meet great rate reduc-
 tons; we have had to meet increased
 cost of labor, increased cost of mate rial and demands from a luxurious people for better facilities. All of that
 has created a problem that is most
 difficult to solve, because there are
 only 100 cents in a railroad dollar just
 the same as in any other dollar.
 But it will be my aim to try to see
 that every dollar received into this company's treasury, whether from earnings for services performed or from advances by stockholders or from
 loans from others, is expended with
 the greatest care, with the greatest
 prudence and that the railroad will be
 managed solely with the idea of econ onny and efficiency and safety so as to
 safeguard your interests, not only now
 
 has got to go on forever and if it
 should happen that in trying to protect your future there is some disturbance l for the present that is something to be patient about.
 .'The stockholders can do 8 great
 deal of good, every one of them, in
 their own circle in trying to present to their legislature, to the members Of | congress, to the members of commits
 eions and to all who make the differ
 trying to operate; the stockholders can | do good by pointing out that there are two sides to this question and that the side of the stockholders must not be l lost in considering the question and in making demands upon the railroad that the officers and directors are most anxious to meet if they can; they are torn between trying to protect the stockholders and trying to give the ] public what they need and should have; but you can do much good by using your influence, each one of you, in your own circle, to point out both sides of this question.
 s'I am very glad-although l am not an officer of your company-to have had the chance to say these few words and I can assure you that at the next meeting of the stockholders, held some l time in october, if there is not room large enough in the New Haven offices. | to receive you, we will find one some
 where where you can say what you | want and where the officers Of the company will try to tell you to the
 best of their ability what you desire to l