Show LOEB BUYS STOCK IN STREET RAILWAY secretary to president roosevelt will be made president eIdent Pr of the new company washington Vas hington april 25 an important change hange in the control of the wash ington railway and electric company of this city afi arll occur at the annual meeting next january jt A became known today that a number of local copita capitalists lists had purchased a a majority of the stock simultaneously with this announcement it was rumored that Win vm loeb ajr r secretary to the president dent had been determined on as the fact that the pure purchase baso had bad been made die not become known publicly until after mr air loeb had departed with the president for the jamestown exposition and ana therefore the report of his connection with the company could not be inasmuch as the brokerage firm which negotiated the purchase of the stock were mute on the subject i A similar rumor regarding mr I 1 loebs with the company has been in circulation for several months but not until today did dad it take definite aade former representative mcdermott of new jersey ia is now president of the company which haa has heretofore beon boon owned fargel 1 by new york new jersey and ana philadelphia capitalists |