Show THE ALLIS CHALMERS CO the allis chalmers co of chicago is sending 6 out the following t circular letter to its friends and patrons to set at rest the impression obtained by the public through the press regarding the reported relations of our company to the united states steel corporation due to the resignation of mr wm W allis as chairman of the board on account of continued ill health and the election of mr E H gary to succeed him and to correct erroneous impressions pres regarding 11 the mana management t ement and personnel of our company we beg to submit the following statement relative to the action of our board of directors at their regular quarterly meeting in new york january 23 1902 mr gary was ele elected ted chairman of the board as he is a large holder of the stock of the company and has had a lively and active interest in the company from the start no member of the board having the slightest thought of a combination with any corporation or that their action by any possibility could be considered as even an intimation of such intention mr edwin reynolds continues the chief engineer of this corporation mr irving H reynolds having been appointed in addition to the position he now holds of assistant chief engineer general superintendent of the milwaukee works in order that mr edwin reynolds could be relieved of the detail of the shops so as to devote his time and great genius to the important engineering questions of the day and the early completion of the new works at west allis designed by him no change in the active management was thought of or contemplated mr charles allis as president and chief executive officer mr VV J chalmers as chairman of the executive committee and treasurer and mr henry W hoyt as second vice president continuing as heretofore in full charge of the executive affairs of the corporation between the meetings of the committee and all being in full accord with the past and present policy of the company |