Mr. A. J. Cassatt, President of the Pennsylvania Railroad Company, was
President of the Companies constituting the New York Tunnel Extension
until his death on December 28th, 1906, and Mr. James McCrea, President
of the Pennsylvania Railroad Company, was elected his successor, and is
now President of the Pennsylvania Tunnel and Terminal Railroad Company.

Mr. Samuel Rea, Second Vice-President of the Pennsylvania Railroad
Company, has served as Vice-President since the incorporation of the
enterprise.

Mr. A. J. County has been Assistant to the President since June 26th,
1907, and prior thereto and from the incorporation of the tunnel
enterprise served as Secretary of the Pennsylvania, New Jersey and New
York Railroad Company and as Assistant Secretary of the Pennsylvania,
New York and Long Island Railroad Company, which, as heretofore stated,
constitute the Pennsylvania Tunnel and Terminal Railroad Company.


ENGINEERING ORGANIZATION.

Mr. Rea, Vice-President, has general charge of all matters involved in
the designing and execution of the project.

_The Board of Engineers._--Before the beginning of the work, the
Management appointed a Board of Engineers which was instructed to
examine into the New York Tunnel Extension project; to pass upon the
practicability of the undertaking; to determine upon the best plans for
carrying it out; to make a careful estimate of its cost; and, if the
work was undertaken, to exercise general supervision over its
construction.