The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-05-11
JERSEY RAILROAD CONSULTATIONS.
Farewell Camden and hmboy-A Richmond
In, lh0 eli

Farewell Camden and Amboy-A Richmond
in the Field.
Yesterday was momcnious day In the history OF
New jersey The doom OF Camden and Ampoy as q
corporation was sealed. The election Of directors
took place at Trenton-the last election the stock.
holders will ever participate In "a Camden and
Amboy men. Thirty thousand shares voted and tha
old regime reelected The following are the
directors choscn:-w. Ii. Gatzmer, Benjamin Fish,
Cambridge Livingston, Asabel weloh Samuel
WEIGH, Charles McAllister and William S. Cook.
The majority OF these are favorable TO the proposed
transfer.
The Irregular ticketr so called, was favorable to
the lease and never was there llvelier opposition.
The meeting was the largest ana most eXcltng ever
held by this corporation.
The following are the directors OF the canal com.
Moses Taylor John G. stevens, Richard $. Conover,
William w. Shipper, Albert w. Markley John Jacob
Astor and G. Morris Dorrancc.
Twenty 1--we thousand shares voted.
The question OF lease or no lease viii be the first
business after the organization OF the new Board OF
Directors. AMI the decision VIII be laid before the
stockholders.
Tue Pennsylvania Central men are endeavoring to
hurry up the negotiations lest they may lose tho
coveted prize. The Reading Railroad has appeared
as Competitor, and has offered $l,0oO0Oo bonus ON
the terms proposed by the Pennsylvania Central.
II has even offered q higher bonus II any Induce.
ments be held out In the meantime. IL remains
to be gObblcd up, TO make the best terms possible.
special despatch from Trenton to the PhadeT-
phia Ledger says the stockholders OF the Camden
and Amboy Railroad and Delaware and Rartan
Canal met to-day IN annual session. There was .
larger number Of stockholders present than cvex
before at any similar meeting. The ostenstble busi
ness was the election OF directors for the ensuing
year-seven In the Camden and Amboy road and nine
In the Delaware and Raritan Canal. Tho present
directors In both companies were reelected ny very
large majorlties. The majority vote ranged from
$4,000 TO $4,000, and the minority vote rom 1909
Thn nrlyn M islun In ha
ton was that OF leasing or leasing the works OF
tie United Companies. OF the seven old and new
reelected directors OF the Camden and Amboy
road five are avowedly against leasing and TWO In
favor. or nine Delaware and Raritan Canal direc-
tors two are against leasing and seven in favor
thus making the relative strength OF parties In the
Joint board seven against leasing and nine in favor.
The following arc the Camden and Amboy
directors William II. Gatzmcr, BENJAMIN Fish.
Cambridge Livingston, Ashbn Welsh, Samuel
Welsh, Charles McAliisler and William g. Cook.
The following are directors OF the Delaware and
Raritan Canal Company:-RobetF ~. Stockton john
n. Read Moses Taiior John q: s,ey steve, Richard
John Jacob Aston aud g. Norris Dorrance:
me yaT q e c Ssw srs ere ree are
four tickets, composed OF opponents OF the lease,
voted for but the candidates elected were voted Tor
the entire afternoon was devoted to the election. SO
far as the acton 81 the day Is an evidence
question OF leasing the united work. Il
is strongly IN the Affirmative, though as yet little Is
ue0ntgly Known Oh ucIuiiS Oi pTopOscu AcuSo
10 the Pennsylvania Railroad Company. and nothing
ut all OF those embodied In tho new proposition
made by the Reading Railroad Company. There was
much said as to whether this cont'tonal On.r Was
better tnan the proposed lease 10 tue Pennsyvanis
Railroad Company and quite NUMBER, d ,nci y, ,h
large shareholders, held that, whether Dy paying
more or less, the matter Of Jesse was not open 70
further negotiation by committees 81 Two contract.
ing parties inasmuch as the contract at the lass
meeting was agreed upon; except on Two Two
m,tteo OF the united companies, ani those
were next day accepted by me Pennsy!vaniS
RaiIroad THIS IL Ia held, concluded the bargain
between the parties so far as the committees OF the
two boards OF directors have connection with IT, and
to break from it now TO treat with the new party
would be trinlng n not dishonorabt.
Mr. Ashiel Welsh stated that the lease still In
The hands OF the committee and not vet completed.
I,ease Of tho Newark and New York to the
New Jersey Central Railroad.
The lease OF the Newark ana New YORK Railroad
70 the New Jersey Central Railroad effected yes
tertlay, the agreement being that the lessees par
seven per cent per annum, scmLannuay, on the
nf tbo Tho ia ~ hn n