New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-03-05
RAILWAY AFFAIRS.
AN IMPORTANT ELECTION AT CLEVELAND.
lBr TELEGRAPH TO TiI4 TRIBUsE.l

lBr TELEGRAPH TO TIE TRIBUNE
CLEVELAND, March 4.-The annual election
OF the Cleveland Columbus Cincinnati apoiis
Railway Company took place here to-day Two parties
mado a desperate struggle for control. but vic
tory was won by what is known tho "broad
gauge faction" in whose hands tho has been for
yoar past. year tho President OF the Company,
H. H. Hurlbut and several leading stockholders, sold
their stock to certain persons Interested In the Atlantic
and Great Western Company. and the Board then
elected sought to efect a permanent lease OF
tho Cleveland, Columbus Cincinnati and In
disnapolis Road to tho Atlantic end Great
Western Company. This lease was frustrated by
Injunction and special legislation that in order to ro-
tain control OF the road the broad gauge party was
obliged TO carry tho election OF day. This has made
an active campaign for q month past between tho
two parties to secure majority OF the
stock. Tho entire stock OF the road
amounts 10 sl6.ooo,0oo At last years election only
s6ooo,OOo represented being about taOooOoo moro
than was usually voted IN previous elections Two
weeks the broad gauge party. headed by Mr. Hurl
but held 100000 OF the stock The opposing party rep
resentng The old stockholders headed by the Leland
Brothers and Ferguson brokers OF NewYork held about
t7,OOcOOo This alarmed tho broad gauge faction. aud
by strenuous efforts and liberal expenditure Of money
it succeeded in getting scOOoo in shares aud proxies
forced stock up to 80 In tho NewYork
market which many stockholders OF tho Leland party
sold out giving the victory. 1t turned out To tho
present management tho election resulting IN the choice
OF the following directors
j. II. Devereux. II. B. Hurbut. Stiman witt, X. r..
Rinney, l.. M. Hubby, W. 8. G. Otis, X NJ ShoomakeT,
W. H. Epson. III. IL. Parsons. s. l.. NJ. Barlow. l.. H.
Watson. f. SChuchardt, VIM. II. Duncan.
The principal question decided by todays election Is
that the Cleveland Columbus Cincinnati and Indianap-
oils Road, far it has auxiliary character will
DO feeder OF tho Atlantic aud Great Western Road, in
stead of the Lake Shore.
NATIONAL RAILWAY PROJECT.
SPRINGFIELD, ILL.,, March "A Convention of
Delegates from tho States and Territories along the
fortieth parallel Of latitude, met hore to-day to con-
slider subject OF National Railway along that par
aIle Among tho delegates men from ohio. In
diana. Illinois. Missouri. Kansas ald Colorado.
Ex Gov. Palmer taking the Chair.
spoke briefly OF the difficulty of tsottling
upon the best plan for cheap transportation. Speeches
were also made by X. X. Jones OF Illinois and A. +.
Coffin Of Indiana. showing tho necessity for railroad
ouch as contemplated by this movement. and tho nd.
vantages which tho proposed route along tho fortieh
parallel would have them the fact that 1t would
pass near the capitals OF Pennsylvania. Ohio. Indiana,
and Illinois, and through the richest agricultural por-
ton OF the country. series or resolutions was
adopted, including the following:
RESOLVED That Justice the great producing states OF
the Mississippi Valley ana the best interests Of tho
whole country demands that the United States Govern
ment should grant such liberal legislation as may 10
ueednI 10 secure tho eary and speedy construction Of
I'M reat ton,l railway with Two or more tracks on
tho central route OF tho son paraol on norm
latitude the atlantic seabOard through the western
States with dvergng lines at proper points 10 the cities
of Cincinnati, 81. LOUIS. Toledo. and Chicago III the
West and the principal commercial cities Ia tho Eastern
Atlantic seahOdrd
At the evening session. the Committee appointed to
nominate an Executive Committee reported tho follow
ing names:
George w. Burns Colorado: A. b. Haddar. Kansas !;
W. ii. Collins. Kansas. j. H. Glenn Missouri; Isaac T.
Hosea. Missouri John X. Vludooyer, James Wooirui
X K Jones, NJ. PiggOtt II. X Turner, j. q. Rowland,
NJ p. Aver j. 0. King John T. Alexander. A Starne. l.
j. Carter j. a. BUM aud Ezra Marquis, Illinois, stephen
att ana j. G. SholdOn, Illinois; NJ Kemp, Stone,
W. X Hough. George Duncan, A. i. Roach. Thos. M
Brown Joshua Mel et and Charles Morgan kulghtsown
Indiana; John NJ Mitchell james @. Knight. j. H. Bur
key, Charles Goddard, John ii. Sullivan, aud L. H.
Cowan, Olio.