New-York tribune., 1868-06-09
sETTLEMENT OF THE ROCK ISLAND
DIFFICULTIES.

The Rock Island Railroad quarrel appears 10
have reached an amicable termination. On Ihursusy
hast the Eastern stockholders met at the Sherman House.
hcago and the committee, appointed at the previous
ee1r TO examine the of stockholders and proxies
re,ented at the annual meeting reported the names
At "A stockholders and proxies representing 7S5OS shares
f stock The committee said that in consequence OF the
ommssion by the Secretary TO provide any aphaDetea
r Other list Of those stockholders who owned stock 80
days previous to the annual election they ad Deen com
peied examine the certificates Of stock or proved
copies thereof in order to ascertain who legally Gu
ed to vote and In consequence of this were unable 10
winch had been presented TO them they had been COM
peed TO reject because they could hnd no % SDac 40 -
that the persons who executed them the Don ue
owners OF any portion Of the stock. The meeting aa-
jOurBed 10 meet at the Company Offices M !ig t
and at ths meeting President Tracy ana pvStVF a.
Cock H. l. Davenport A. KmbSn, b. r Allen, aD9 y. a.
McNOr present. having arrived p he Election
of Board of Directors for the ensng ~ - .Ttc,,en %
So DameS are Te4toEed in the following preamble
aud resolutions offered by MI JerolTs <, rs f the
C,ss & ~ .nS .S go @ s Pas Railroad Company consisted q John
Tracy M'a% i SsS,Tsnh T. %sSar John Colin Char
ha David Caaiord e n ~ c & I Rf1SoT X A. McSs and
j. Cofn expressed ese to resign then go,inonsn h s sS nq
j t W. n Appleton Wilson @ 1un and David DoSs would De
pr8Rs poRs n 40 e"s s e of d Boarf Decs-rs Office Of
@ c Chcso 9 % the s S'I ROAR, 81 IGG oS w I II I
ios 9ss elected vacancy. aud MeSar reg.e his P9,
vacancy thus created Coau resigned bis Poio9 mem
WSysa vote shows that John y Tracy w H. Appleton Wilson
HINT David Dws W Coohaugh Bbenezer Cock, T. H. IOws
B. Allen G. L. DayenPori Oliver CbarlA DAVID (SNo ~ y,
stoek represented meeting for Directors Of said Company for th
y s f 24 % .9e l aa Seo last are chosen
be oard Of Directors ofsad Company for the year ensa
@ The shareholders were present IeGouieg The majority soii % 81
d That he .sue and shares Of the capital stock
Hnde The resolution passed the tonni'ee % in n o %
BE- and hereby cou1me and APPROVED anu il9er ha We
with the possible delay consistent with an economic" prosecution
R interests Of the COMPANY sqaire the imnedi
ave ave % i b on on m o @ Sf te issae the 1900 shares
49, ~ IN ,s and riers f,r receiver shoud be mue
sots sS @ az & S % @ Of Directors are requested to take
snh measure, will their Judgment 5os sPsl & S,'oPSa 'te &
present r former oecr, Of the Cogps9y o sny o. s & % M az R m
Of Directors directed and the Company undertakes so to do
Rco!e That msjon Of e s,oekhoa,L. o. lS & cg % ~ rep %
passed At the last Of The Legislature except 50 iaT as he same re-
ltes to rcgh and "rs but on aeou. OF the 'ua"e' provisions
We are const.Tiaed to t.Seui from .1a M SeS ; Transfer
kep Of NewlOk as 1t can be
mmediateIy on the adjournment Of the Stockholders
meeting, the Directors were called together by the ITes
dent john n Tracy when directors hiM6a' & MoNaa'
eepted and Messrs. W. II. Appleton, David Dows, and
Wilson G.. Hunt were chosen TO fill the vacancies thus
created The Board then proceeded to organize by the
election OF the following officers for the ensuing year
Assistant Secretary + IL Tows; Treasurer ". F. Cool
baugh; Executive Committee, John i; Tracy, W r.
Coolbaueh W II. Appleton, F. Cook, b. f Allen. By the
terms Of adjustment agreed upon by the cOntendmg
parties, the Davenport extension of the road is deter
mined upon the extra issue of stock guaranteed, and
all points Of difference auicably adjusted - 49,
In commenting on the Rock Island case The chicago
Tribune says: The angry and exciting controversy be-
tween the President and officers of the Rock Island Rail
road Company and portion Of the stockholders which
hasfor many months occupied the attention OF the courts
of NewNOik of Iowa and of this state, under every
sble form Of suit known to the law has been settled and
npOu satisfactory the public interests and OF the
respective parties The first overt act leading 10 legal
Board of Directors of $4,000 additional shares and
theiT sale, Tor the purpose OF Building ana n1 com
Bluffs aud there making connection with
SLe Pacific Railway. This proceeding 1t was attempted
10 e.t and recall by resort TO law and since that time
the legal cOri9VSrsy has waged hot and furious. The
Legislature Of Iowa ysme to the relief OF Mr Tracy legal
self and associates until June, !S6s me 1sappolned
stockholders called meeting to be helG N ts Cly Oh
the Sd Of June to hold the annual election Of cce put
was modified to permit the meeting but continued as 10
until Friday. In the meantime Overtures were made on
the part of the dscontented stockholders TO President
Tracy, concluding with invitation for him TO meet
them in Chicago. This he declined They then sent
result was a general Ssse@SssS Of 9G 99iGt5S t5S
three Of the Diitctors etlti ard the vacancies
stockholders The stoeKholders then held an nforma
meeting and adopted series Of resolutions reeting ~
rtacaOG o & sc 81 the iowa saure e2cep
that part Of relating to ts tag On eghts r9tify1s
and ratfying al the acts of President Tracy and tht
Directors fof budding and extending the road to Council
proceedings should be dismissed. and the Tracy
Directory with the members be allowed TO proceed
as usual The Eastern NewNOrk men found that the
Western men, backeq Dy PUBIC mcI nV' ~ I ~
driven by threats OF combinations from their point Hau
the controversy gone Mr.. Tracy wOu rohsnv nave
had the road built before the NewYOrk courts would
have been able 10 reach hm II struggle between
Western energy and Eastern Spectators, IN which tho
latter went by the board MessT Evart and OCOnOr in
EewIOTk and Beckwith and Bass n Chicago. have CON
Quoted the legal proceedings the part OF Mr. Tracy and
bis directors, and on the whole We think the Western
enterprise and courage have rather trumphed the
selhshness Of Wall-st.