HEAD OF CANADIAN NATIONAL RAILWAYS RESIGNS

Stratford Evening Post, Volume I, Issue 497, 20 July 1932, Page 5

HEAD OF CANADIAN NATIONAL RAILWAYS RESIGNS

MANAGEMENT OF PUBLICLY-OWNED RAILWAY MUST HAVE COMPLETE CONFIDENCE OF OWNERS PUBLIC CRITICISM HAS SHOWN THIS CONFIDENCE IS NOT GENERAL i , ■ !‘:l \ Press Association. —Copyright. • Received To-day, 8.40 am. OTTAWA, Tuesday. , SIR HENRY THORNTON has resigned as president of the , Canadian National Railways. It is announced that Mr S. J. Hungerfc.vd, vice-president, will he acting-president. Ine Minister of Railways, Mr. Manion, in reply to questions, confirmed Sir Henry Thornton’s resignation, stating that it had been accepted by the board of directors and the Government.

In a letter written to Mr. Manion, Sir Henry Thornton said: “In my opinion, a pub-licly-owned railway can only be successfully directed if the management has complete confidence of owners of the property. “The public criticism to which I have referred indicates that such confidence is at least not general, and in this period of financial depression and in view of the further fact that a Royal Commission is investigating the whole railway situation of the country, ! feel i should tender my resignation ”