Show NEW JORK nov 24 elijah smith has resigned the presidency of the transcontinental bom company any and sioney sidney dillon for many years president but of the union pacific has been chosen as his successor it has been known for some time that radical changes in the management of the road were about to be made and the return of df henry villard to the control of tire northern pacific at the election was merely a prelude to further the restoration it has been supposed that billato yil Vil lard lato will take the presidency of the aragon transcontinental as he might have taken that of the northern pacific his agro agreement ement with his berlin friends was modified so be could become director of the northern pacific and possibly it m might ight have been stretched to enable himoto be irit onename as well as in ba fact the controlling power dower the fact that dillon and not villard succeeds elijah smith in the presidency of the principle oregon company wi I 1 be a surprise ito to wall street the tha change ch a uge will not take place until december but it was agreed upon yest yesterday ercla y |