The Press: Railroad Director

After the annual meeting of the Wabash Railway at Fort Wayne, Ind., last week Chairman William Henry Williams* made a two-sentence statement:

"Annual meeting of the stockholders of the Wabash Railway was held today at Fort Wayne, Ind.

"The meeting was without incident—the same directors having been unanimously reelected, except that E. D. Stair was elected a director in the place of Alvin W. Krech, deceased."

The statement obfuscated the fact that the Pennsylvania Railroad did not vote the majority Wabash shares which jt recently bought (with Lehigh Valley...