The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-06-07
THE NORTHWESTERN RAILROAD.
Annual Election Of the 6Oard
OF Directors.
Fhe waD Street Ticket Badly
Defeated.
b Ac &c.
SPECIAL TELEGRAM TO TINE ueaAlD.

CmGAG0, H., June Q, 1857.
me meeting Of the stockholders Of the Chicago
and Iavestern Railroad Company took place to day,
Al nu otce of the company city, with about hfty
persons attendance, and organized by calling William
d ogden to the chair and appointing Joseph P. Rcd
s Secretary OF the road Secretary OF the
neeting
Upon taking the chair Mr. Ogden made a lengthy ad.
zess upon condition Of tho road. In regard to the
lease the Chicago Iowa and Nebraska and the Cedar
Rapids and Missouri River Railroads., he stated that
when the officers examined closely It's characteristics
Aey found that its provisions onerous, and that
10 carry them out would entail yearly loss TO the
company. The Northwestern had been called
Hitous road, but be would inform them that
enterprises had been begun, the company simply taking
sare Of the property which OF necessity required
largo expenditure. The that they had mot paid
dividends because the earnings OF the road had
Sscn expended in equipments, machinery, buildings,
sHde tracks, and thousand other things necessary to
yeAder the road Of permanent value II had not been
oag task that they had to do-to furnish facilities
for moving the great amount of freight to and from the
tsrmiui OF the roads They had been sued for
asiay, and he knew that the people along
ne line had not had the facilities afforded
them that they needed On one side they were crying
ssr the cars while the other they wanted dvidends
During the past year seventy seven locomotives
thousand nine hundred freight and hundred other
added at Of - 600 600 and about
~ 600 900 had been expended in building side tracks
me road had grown from small beginning TO be one or
the most important In the country, and he was
tnced that the road had been honestly managed and
vtth as great ability and energy rs any other road IN
the country.
There was no discussion during the meeting a. had
Deem expected by the outside public. Mr. Ogden
asked only question, viz "Whether certain bonds
sned two years had been converted into preferred
stock, and II 80, how much3" TO which Mr. Ogden re-
pfisd "Not dollar"
Tho Prosden. concluded by announcing that the
appointed Messrs James H Howe, j. A. Ellis and James
l. Young, Inspectors.
Mr.. Perry H. Smith offered the following resolution,
which was read and adopted
Resolved That the having the right this
eens either BY proxy or IN person now proceed 70 hand
tept til one o'clock and oai voting
hour 70 give the time 10 and The
ysse. offered with the voting list this
y voses and for ~soms east. o
mo following tickets were placed in nomination: -
REGULAR IIoKKT-oLD BOARD.
WilliamP Ogden. Lowell Hobrook.
Perry II. smith James D Fisk.
ess 1. Dunlop James W. Eiwell.
John B. Turner John N. Burke.
William II. Ferry. Benz Nathan.
Albert l. Prtchard William b. Scott.
samuel J. Tlden. Samuel Sloan.
William A. Booth Adrian Joslin
Henry Body.
William 3. Ogden, Chicago. 0. d. ?. Grant, New Jersey
yohn b Turner. Chicago. Locomotive Works
Gf.wncesr, Cashier Onion ]. h Banker, Now York.
Bank, Chicago j. Edgar Thompson, Penn
John u Burke, New York. sylvania Central Railroad
lowell Holbrook, N York. Samuel Sloan New York.
~. A. Booth, New York Sam1 J. rlden, New York.
y. b. Baxter, N. r. Cen. w. G. Fargo, Buffalo
eA Railroad Co W. A. Whcelock President
l. Frost, Toledo Peoria and Central Bank NJ
WaYRw Railroad Co
Tho vote all taken by half.past twelve O'Clock
~ up 70 hfs time (sx oclock result been de-
yEsd, and u WIN take the tellers far into tho evening
oefeyV shcy make onical report 1t 10 safs 70
~, however, hat the old Board 70 elected BY four
"a and that tho vote will stand about hundred and
tesg thousand votes representing twenty -four million
Afs Of stock for the regular ticket aud sixty thousand
vstss representng SIX million dollars Of stock, for the
eppoait,on.
NE Regulars arc In high feather the supposed
so0ult and have gone excursion to the stock
yardA while Mr. Hatch has hesitancy in declaring
1iUseh and Wall street completely wiped out The
spBs arc still Ia, and the ous seriously considering
whether they will be allowed 70 ride the direct
ow car 10 Omaha tomorrow.