New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-02-08
RAILROAD MATTERS N RHODE ISLAND.

Correspondence OF The n Y. Tribune
PRoyIDEScE Monday, Feb 6, 1854
4 long agony in the affairs Of the Providence AMI
Worcester and Norfolk County Railroads came crisis
to day and passed of in the election Of new Board OF
Directors and President and Vice President Of the Corpo
ration The history the complication Of matters between
the two roads is simply this Early in the sumner NJ
Welcome Farnum Of Blackstone Edward Crane Of Boston,
and others interested in the management OF The Norfolk
County Road conceived the idea Of lettering the fortunes
Of that enterprise by getting posses of the Providence
end Worcester Road and making the latter subseryen %
The former TO this end they went quietly t. Work eni
bought NJ the stock of the Providence AMI Worcester
Road So quietly their operations carried en- hat II
was not suseclcd that the capitalists in this city who held
large quantities Of shares had disposed Of their Interest
an ierf 10 lose control Of the ropertv unit a. special
meeting Of tho Corporation a show of hands vas made
and disclosed the fact At this special me ting Mr. Far
nun ade move get control OF the road IN ineaire,
by attempting 10 have the number OF Directors increased
from eighteen TO twenty fvewhch would nave gVen MS
pary majority in the BOarsbui failed in conse1
Of The President refusing TO pat the motion In tins course
the President sustained, the ground that sucs an
amendment could only be made at an annual meeting
The annual meeting of the Corporation was held - Day
aid most spirited meeting it was There were some tonr
hundred persons present many of them came on on Sal
urday being fearful that accident might prevent tn'm
from attending the meeting The proceedings were har
nonious because il was obviously all one way The lol
lowing preamble and resolution passed unanimously
Ho, BY collision between trains Of upon the Poy
depGe aud orcester Railroad on The Ign day Of ta
LEGALLY liable dsmages the se or OF ~
Z
should made 10 them; therefore,
Eesred the Board Of Directors special tonne
Their he them Or ha parpoe be- sst
fFv 1lue into thu oirc auecl II the
heirs whose death occurred
iy esn oFssid cooD and make 20 them gch aaEy
~ .h them b. r and essuahei and s. nucn
Ollie funds Corporation be necessary be- -ndthe ini
is h,tsJy srpro pfiattd Sr that plriose
Tie balloting for the Board Of Directors then took
rlaee and resulted in the complete triumph OF the Norfolk
touuty Road people. 9lsl votes were given O winch
COOS were for tie new Board Of Directors
At subsequent meeting Of the Directors, welcome
Ig
Vaughn Of Providence, Vice President
TIE control Of the Providence aud Worcester Railroad
will prove to the advantage OF the Norfolk County Road
by enabling il 10 come in competition with The Boston anu
Providence and the Boston and Worcester Railroads IN
the carving trade to Providence and Worcester ana
Vile II hclps the road which the con Junction intended
70 benefit the union viii prove equally advantageous 10
The Providence and Worc ster Rood by giving business
hat II could not otherwise command. The scheme has
Ieen fins far successfully carried along those who have
lie managing of affairs the end much cearer man
can do ,, H.
he Railroad bill sometime this week. The bill will
undoubedy pass in the shape in which it came from the
Senate Our people much excited at tins legislation
and nettions and remonsranccs nunerousy signed will
meet'the bill when 1t comes before the House; 49,, ,,