New-York tribune., 1913-07-25
ELLIOTT FOR NEW HAVEN,
WALL STREET POSITIVE
To Be Made Chairman of d.
reCtorS When Bylaws Are
Amended, 1t Is Said.
MAY BE CHANGE IN POLICY
Financiers Pick T. E. Byrnes 10
Follow Him in Mellen's Shoes
Head of Nor. Pac. Refuses
to Discuss Matter.

Wall street was stirred by the pos
siblity Of a definite announcement yes
terdav regarding the New Haven pres
i6encv. As none was forthcoming, IT
was generally accepted that the matter
had been settled in favor Of Howard
Elliott and that the special committee
which mad been selected TO choose
Charles S. Mellen's successor would
make to-day such a recommendation
10 the board Of directors. Theodore n.
Vail, chairman of the committee. said
that no meeting Of the committee had
been held, but he intended to call the
members together this morning that
there might be no delay in reporting
TO the board this afternoon.
What might presage sweeping
changes in the New Haven policy was
the statement by a member of the
committee that its recommendations
would include the creation Of new
office-chairman of the board Of direc-
tors-in addition to its choice for ;he
presidency. He pointed out, however,
that before such position could be
established the company's bylaws
would have to be amended. At present
they provide only for a president, who
is the chief executive officer Of the road.
The new president, it was stated,
would occupy that office until the office
of chairman had been created. Then
he would be promoted. He will be
delegated by his directors with full
power to appoint all the roads sub
ordinate officers and make any other
changes which he may deem wise for
the improvement Of the New Haven.
Elliott Probable Choice.
It is now practically certain that the
man whom the committee has settled
upon 10 direct the future destiny Of the
New Haven is Howard Elliott. A mem
ber of the committee intimated as much
when he said that the members were
waiting the answer of the man under
consideration. AS Mr.. Elliott has been
I'm conference with the committee since
Tuesday the choice of dark horse is
improbable.
With the promotion Of Mr.. Elliott to
the Craftsmanship Of the board it is be-
lieved that the man who will be made
president will be one Of the operating
vice-presidents. Wall Streets selec-
ton is Timothy E. Byrnes. but this is
problematical, as 1t is possible Mr.. FL
liCtt might take man from some other
road.
Separation of the New Haven system
and its trolley lines, it was intimated,
was included in the proposals Of the
committee. This would meet one of
the criticisms Of the Interstate Com
merce Commission. No information,
however. was obtained as to whether
the committee had favored the separa-
tion of the New Haven from the Bos-
ton & Maine and its steamship lines.
Although official announcement Of
Mr. Elliott's election as head Of the
New Haven was lacking, speculation
as 10 the identity Of his successor as
president of the Northern Pacific was
not. Those considered TO have an ex-
Cellent chance for such a promotion
we're J. NJ. Hanaford, second vice-pres-
ident, and George T. Slade, third vice
president 1t was also thought pos
sible that James J. Hill might take
some one from the Burlington-pos-
sibly H. E. Byram, one of its vice
presidents.
Elliott Refuses to Talk.
Mr.. Elliott at the Hotel Belmont last
evening refused to discuss the proba-
bility Of his succession to the office
vacated by Mr.. Mellen. lie was inter-
ested in the reported change OF methods
in management by the committee.
Il am pretty sure that there is some
thing in that" he said when asked
about the creation Of a chairman of
the board Of directors
do you intend to accept the chair
manship II 1t is offered TO you?" he
was asked.
That is a delicate question to an
swer. I must ask you to wait until to-
morrow" ne replied.
Then you consider yourself a candi-
date?"
"No-not in the sense that am seek
ing the Office" he replied.
Mr. Elliott said he had not conferred
with the directors committee yester-
day A steady stream Of callers flowed
into his room last evening. Most of
them were on railroad business. Mr..
Elliott said he might have a statement
TO make late this afternoon. Until the
offer Of the New Haven directors had
b been formally made he would not dis