Show f SAM IBM r OW OWNS N S I PINA 1 A 1 A RAILWAY RAil WA y New Board of Directors Elected J Yesterday TOBE TO T BE PRESIDENT T SECRETARY TAFT M MAKES KES A STATEMENT STAT MENT New York April IT Secretary Taft and members of the Panama canal commission were in session today at the offices of ot the Panama Railroad com corn company compan pany pan Meetings of ot the stockholders and directors of the railroad company company control of which is now vested ested In the government were to have been held at noon but they were postponed for a couple Coule of hours Those Tho in attendance at the meeting of the commission in included Included ini eluded Theodore P Shontz who is at atthe atthe atthe the head of the reorganized commis commission sion slon Judge Magoon Colonel Edwards of the bureau of oC Insular affairs WIlliam Wil William liam Barclay Parsons a member of the theold th theold old commission who probably will be retained in the new one and William Nelson Cromwell New Board of f Directors The Tue following new board oard of directors of th the P Panama r Railroad company coi p y was elected today Theodore P Shon J F P Wallace Charles E Magoon lagoon Mord c cal t T r Endi Endicott cott c tt Peter ete C CH in R n Ernst William X N Cromwell Wil William liam B Parsons Clarence R Edwards J R 11 Obal ia R L Farnham am and Ed Edward Edward Edward ward A Drake The new board went yent into executive executives session s sion Immediately upon its election n to organize Secretary Taft left the con conference ference teren about that time stating tating his in intention intention intention to return Immediately to Wash Washington ington It is understood that practical ly by all the stock of the railroad company is now in the hands of ot the government Tafts T Statement Before leaving for Washington Wa hIngton Sec See Secretary Secretary Taft With Mr at atthe atthe atthe the head of the Panama Railroad com coin company pany it is certain ln in that its affairs will be conducted most satisfactorily His experience as a practical railroad man manwill manwill will enable him to operate this railroad just as the Panama commission may desire while the work w of construction is in progress The entire official board of the company will be comprised of I either m rl a rf of th Pan mission or of men n who tO are Interested in the work of constructing t ng the canal I expect that the canal commission will have concluded their investigation of conditions and we will be able to report our plans and recommendations to con congress congress congress gress In December Board of Engineers It is the intention of the tion to have appointed at an early date a board of or consulting engineers which will assist in this work We Ye desire to have on this board a representative from Germany France and England and w with ith this end in view these nations will be urged to appoint one tive each The government is in complete con of nil all the stock of the company It is absolutely essential for us to control the affairs of the railroad in the inter interest interest Interest est of the work of constructing the canal We e desire tp to have the affairs of or the railroad conducted In harmony with the commission which will have charge of the general construction work Officers Chosen The following officers were elected by b the new nev board President Theodore P Shouts vice president and general manager John F Wallace Vallace secretary and treasurer E A Drake assistant treasurer Syl Sylvester S Sylvester l lvester vester Deming assistant secretary Thomas H general coun counsel COunsel sel eel Sullivan Cromwell traffic agent H L Walker John Adams superintendent on the Isthmus H G Prescott Executive committee President Vice President Wallace Charles E Maroon lagoon William Nelson Cromwell and C R Edwards The board ordered the double tracking and reequipping of the railroad and made madeI madean t an appropriation of for tor that purpose I The directors and officers of or the company held a protracted session after which President made an ari informal statement The directors adopted a resolution to the effect that the president vice president and gen general genend general eral end manager of or the railroad shall I draw no salaries except those to which they are entitled as officers of o the commission The directors will draw no fees for attending meetings of the board All AU traveling expenses In Incurred incurred in connection with the work worl ork of the commission or railroad company will be paid President said suld that he was not prepared pr paled to give any details regarding the of ot the railroad and he added that noth ing lug has yet been done toward the in increasing increasIng creasing of or the efficiency of or the steamer service to ta tho the Isthmus 4 CJ If It you want to succeed ed in business dont Spay pay six or seven dollars a month for a business phone when you rou can call get better batter service over O r the Ind Independent pen pendEnt dent for four ridiculous Two T Tw O season sea seas m n gix given i away at Saltair Salt ir ball tonight Train S p in m |