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Show E. W. BEATTY NEW MEAD OF C. P. RY. MONTREAL, Que. Oct. 11 Lord Shaughnessy remains chairman of the Canadian Pacific Railway Co. E. W. Beatty is the new president. At a meeting of the directors, held in Mon-trial Mon-trial today, Lord Shaughnessy. "after twenty years in office, retired from the presidency of the Canadian Pacific Paci-fic railway, although still retaining the position of chairman of the company, so that while relieved of executive duty he will continue to serve with his counsel and experience. This change is duo to Lord Shaugh-nessy's Shaugh-nessy's conviction that, in view of the extensive program planned by the Canadian Pacific for the period of reconstruction re-construction after tho war, the best interests of tho company would be served if; a younger man were to assume as-sume the active direction of so large and complete a system. Although several sev-eral years older than either of his predecessors were at the time when they retired from the presidency, he decided when the war broke out, to carry on till the financial horizon should lighten, now however, he feels less hesitation in handing over the executive responsibility to a successor , and particularly to one who has shown ' notable administrative ability and who I enjoyed to a marked degree the Qon- J fldonce, not only of the political and business leaders of Canada, but also of the employes of the Canadian Pacific Pa-cific Railway itself. , Mr. E. W. Beatty tho new president, has been vice-president and General Counsel and also a director of the Canadian Pacific Railway company for several years. Sir George Bury, on account of ill health, is retiring from the position of vice-president and Mr. Grant Hall, who has been vice-president in charge of western lines, has been appointed in his place. oo |