, 1873-01-29
THE GREAT WESTERN.
Report Of President. ..Gage---Explanation
Of Certain MATTERS.
The Treasurer Directed to Come Forward
and Tell About the Funds.

The Treasurer Directed to Come ForNnr
and Tell About the Funds.
At tho appointed time, IL o'clock, yesterday
the stockholders Of the Great Western Insur
ance Company met at the Office OF the Company
No. 127 LaSAlle street, for the election Of = ney
Board Of Directors. About 800 subscribers wer
present ready for business.
NIr. J. Stark called tho meeting to o-der e
precisely - M, and, finding that there YVES no
sufficient room at the Office, an adjournment
| was had to No. n South Clark street, in Supe
1ior Building.
As aoon as the concourse could got from La
Sale to Clark street, the meeting WAS agnin
called to order by h1r. J. Stark, OF Wisconsin,
who nominated Jesse Fell, OF Normal, H., a.
temporary Chairman. Without remarks, 1Ir.
Fell took the chair. John ]. Bornott, Of this
city, nominated hIr. R. T. Steele, Of Geneseo,
| as temporary Secretary.
Mr. Stark then volunteered to state the req
sops Of the meeting, aud, after briefly referring
to the late decisions OF the Supreme Court,
| moved the appointment by the Chair OF Com
nittee Of three, to examine as to who were at
present stockholders Of the Company, and re-
port as to the appointment Of permanent CON-
nitteea.
The motion WIS carried, md J. Stark, o. D.
BOND, and Moore were appointed.
Mr. Gage, tho President Of tho Company, then
entered the room. :
Mr. Stark then said that, ae tho report Of the
Master Is to who woro entitled to vote. being
then detained in Court, pondng the argument Oh
the exceptions fled to it, it would be well to I'd
journ until o'clock, when the matter would be
settled in the Court, and the report be produced
at the meeting.
Mr: Gage md others favored adjournment,
and the molten having been made, was carried.
In the meantime fierce contest was wasing
before Judge Williams, who finally, about /
o'clock, overEu1ed the exceptions, and ordered
the meeting to proceod-
At precisely p. m. tile stockholders ssain
met
4 motion was made to make the temporary
officers permanent, which vas carried.
The Presidents report was then called for, and
Was read By Ir. Gage. We will give only sin
gle extract from the report, as most OF tho sub
stance has heretofore aDpearod in The TRIBUNE:
The first bylaw, adopted March, 1868, reada as fol-
lows: The first annual meeting Of the stockholders
Of the Great Western TELEGRAPH Company shall be held
n e ss
ehal hnve been equipped with Wira aud on the second
Tueaday Of January in each year thereafter at o'clock
my dres. Voc would beg @ % eass to ssts 81 sbae % It tis
time this by Law WAS adopted 1t not the intention
70 nc cut ea naraeipaton I s BY the sockho,ders
such purpose entered into the minds OF the
Directors It was decided that II some plan WAS no.
adopted TO prevent the friends and advocates OF power
ful rivals from subscribing for controlling interest,
the plans and purposes OF the Great Western Tcle-
graph Company would be defeated Ut the outset Of the
enterprise. The United Statcs American, Illinois and
Mississippi Pacific and large number Of other tele-
graph companies hare, after another been absort
tlr By lava SO as to prevent any interference by
designing men to prevent the establishment Of our
a. .ps os6yn haa a.
holders themselves, choose to sell their 1ines they
could do so But the first Directors intended to pre-
vent euch calamity, and desired to hand to the
stockholders range OF lines worth controlling soon
as they could be built end put in operation.
The report Of the General Superintendent was |
then called for. Mr. J. H. Bliss is tho Suparin-
tendent but the report was read by the Soc
rotary.
Tho Secretarys report being then called for,
Nr- Doolittle said ha did not expect to be called
upon, and therefore had prepared none.
The Treasurer being called upon for Ills re-
port, did not respond, and alr. Gage said the
Treasurer was absent, and, if be was there and t
reported, it would he statement Of 60 much |
money received. so much paid out, and nothing |
IN tie Treasury. I
ment, and long discussion followed many al |
lsging that they must and would hare detailed |
report OF the financial condition Of the Com
pany.
, Motion WAS then zn.de that detailed report
be published, and, upon discussion, the follow
ing resolution was offered and adopted:
Resolrsd That the Treasurer Of this Company be re-
1uestd to furnish to the Directors OF this Company
1eas1sd financial stascmca. OF the condition Of this
Company, giving The amount and names Of persons
rho have paid money, and also the names Of ali per-
M ons to whom be has paid money, with the amounts
3ue from this Company, to whom due, and also the
mounts Of all judgments rendered ngninst the COM
'any, with the names Of the plaintiff q plaintiffs
It was then moved to appoint Committee on
3y- Laws, to be composed Of one person from each
state represented. This motion being adopted,
he following gentlemen we're made Commit
ee: John J. Bsnnott Illinois J. Stark, Wis
onsin Judge Cole, Iowa; Mr. Williams, Mis-
our1; AIR. Ricks, Kansas; Mr. Mccoy, Nc
Tho Hon. J. r. Doolttle then spoke at some
ength, recommending the building Of the gaps
!oW existing in the circuit, that is, botwean
aansas City and st. Louis, and Springfield, Ill. |
10 said that when that was done, the Company
7onld pay dividends.
The Treasurer was asked to bring in to-day d
enoral statement Of the finances If the Com
ANY, 80 that the action Of the meeting might !
. intelligent. This took the form Of ! resolu-
ion, and was passed.
. DO placed on the decision Of the Supreme
court az to the validity and effect Of subscrip-
iona to stock. The arguments became quite
plr1ted, and we're participated in by Judge Nor
on, Chief Justice Cole, ex-senator Doolittle !
nd Thomas J. Sutherland, Esq.
The meeting Was finally adjourned to 10
clock this morning, when it is expected there
M be lively time during the election OF Di-
.ctorB.
SANITARY MATTERS.
TcAY ~ 4I,nR or |