The Bridgeport evening farmer., 1914-02-09
LAKE COMPANY SUCCESSFULLY
 PROGRAMMED
Frank Miller Heads Executive Finances Committee and
 Serves as Treasurer.
NOTED NAVAL EXPERTS
 JOIN ORGANIZATION
Board of Directors Composed of Men Whose Names
 Inspire Confidence.

Much to the qualification of the in dustriaT capital of Connecticut, the reorganization of the Lake Torpedo Boat Co. has been affected under a financial and business leadership stinn- uIating to public confidence.
 The Secretary of the Navy, Hon. Josephus Daniels, consenting, submar- ines for the United States Navy will continue to be built in Bridgeport.
 The new corporation will be conduct ed under the name Lake Torpedo Boat Co.,, Incorporated under the laws of Maine.
 The board of directors met today at the Stratfe1d hotel and elected the following officers:
 Whitney: president, H. s. Miller; vice president, Simon Lake; treasurer. Frank Miller; secretary and assistant treasurer. c. E.. Adams, Bridgeport. The executive finance committee is composed of Frank Miller. H. S. Mill i CT. simon Lake and F. B. Whitney. The following directors were elected February 5, 1914, at Augusta, Me:
 Fra nk Miller, Bridgeport; President City National Bank
 l Lebbeus B. Miller, Elizabeth. ~. J., late superintendent Singer Mfg. Co.,, Elizabeth, and a founder of Babcock & Wilcox Co.,
 Henry J. Miller, Elizabeth, N.. J., patent attorney, Singer Mfg. Co- Eliza beth. N. J.
 Herbert s. Miller, Elizabeth. N. J.. late secreary Ddehl Mfg. Co.,, Eliza beth, N. J.
 Simon Lake, Milford. Conn. inventor Lake type submarine.
 Foster M. Voorhees, Elizabeth, N. J., lawyer banker ex-governor state of New Jersey.
 Fred B. Whitney Washington. DIG. A1r,a Tnf ffrf77o o1 c. D. wallace, Bridgeport, Conn. late superintendent Union Typewriter Co. Mercer D. Blondel, Bridgeport, Conn.,, patent attorney.
 The company has a contract with Simon Lake as consulting engineer. | The company has available U. S. navy contracts for the submarines L-5 $535, 900; I4-6 and L-7 $56o,00O each, in l all $1,655,o ,o0o
 l The company has available the ser vices as general manager, R. H. M. Robinson, late U. s. N. and his prin- cipal assistants from the navy de- apartment, Philip B. Brill, naval archi- tect and R. E. Anderson, naval archi- tect. These three experts were at the head of the design division of the bur- eau Of con3truction of the U. $. navy
 department and had direct charge of the design of the Dreadnaughts Della
 ware, North Dakota, Florida, Utah, | Wyoming, Arkansas, New York, Tex
 las, Nevada, Oklahoma and Pennsy1- vania and the torpedo boats Nos. IT to 56 and ->e-gun boats Monocacy,
 Sacramento and Palos, and the srbb-
 marine tenders Fulton and Melville
 and the destroyer Bushnell. l The Lake type submarine torpedo
 boat G-1 proved herself the largest,
 fastest, and most powerfully armed submarine in the. American navy.
 Based upon the design of the G-1 and
 the latest. Improvements in the sub-
 marine torpedo boat art, these three l ex-government experts have prepared the plans of an enlarged Lake type submarine upon which bids were sub- nnitted December 2, 1913, to the U. S navy department for submarines o1 600 tons displacement for $535. 900 for Atlantic coast construction and pel Icent. additional for Pacific coast con- struction. The company also offered the navy department plans and pat ents for the U. s. navy to build sub- marines in navy yards upon a basis Iof 10 per cent royalty upon the cost i Of buiIding the craft
 In case the Secretary of the Navy
 Josephus Daniels decides to have sub-
 marines built at Bridgeport, the com pany now has the financial means
 available. The Secretary is consid- ering the facts and figures