New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-30
MISSOURI PACIFIC.

A MORE PEACEFUL MFEiIEG on Stockholders
THaS 1tE-Dal S. RECEIVER NoT i>rERE>rAD
~ Y4n ATLANTIC ANp PACIFIC MNa DESIRED.
Another meeting OF the Stockholders Of the
Missouri P,rf, si.lrosd hcll yesterday. Mayor
Brit;on 81 Lou, gam presiding Mr Geo.so 81 Boz
on Who cailned repru ent 400 SHAFTS CboTol The
fgiioVin, resolutions:
Resolved. TIA. a committee oi i've soehh)tars be az
pointed to sfN, .ai, ti' aft-US o. tar Missouri I.tic
failroad ard 10 coneiion WIFE rom "a 'ta" oi tac
5;ooid 0i D.coior- 90 arrange EA Che Aianac a'd
Pacific Railroad - arbitration u all dia'rsnccs 9.JTaeE
Erss,std JGsf said committee con $50 u i5-ss4 Abra-
Ian !laya L. l- eating. w. H. Ncf-i!, DOM * cco'l
AM jacob Cromwell
Mr. Cutting and SIR Borc!! refused to allow ths!r names
10 be used on his committee.
Mr. Bownau, the attorney representing The County Of
St. LOWS ana tho citizens OF Nssog. ;aan said ;bst be
would show that h sleek cori not ouy pay 100 cents
90 the dollar but also dividend. Ia 1871 Tho Atlantic
aud Pacific Rsl-o9I Company bought mp quauliy u
tle stock O! the Missouri Pacific road. talt the
directors o. the former yirGay controlled the latter
Tie lease or 9J9 years bu clause allowed the
Atlantic ard Pacific Company the power 20 break the
lease at any time and without the stockholders having
any remedy damages. The lea.e gave the Atlantic
aud Pacific Railroad Company tho power 80 borrow
money for the improvement OF the rosi" ana Donds
Issued 80 N" value % - 100000. without any i'm
proycment beng uic. ~ tiese TIE Atlantic aEd Pacific
ia g. ,,rsor hssy,iiy ~ he ossee the mon
tTty oy ned by The citizens VI Missouri ws heavily mart
gagged again their viii and Che - 100000 lien On the
rohd tel ny the STATE ircrcd ~ Unfair and unjust
legislation Under The CHARTER sin iuiTec2isd. Tire
directors Of the Missouri Pacific road had 40 power 10
make the lease gnd divide the rental before Il had
been earned and they could be held liable Tor the in
paired capital. Mr. Bowman then read copy NJ evil
dence taken IN ST. Louis before TIE United state, Regis
ter in wEiri be claimed 10 sEcWg th.: M! BAKER
testified that the bill - Orelose mo mortgage pre-
par,d IN Network before OFT. -. 1871, lov heforc rhe
Stockholders had any knowledge n ne condition of
affairs Ba; The scheme suspected 9ui met the
matter put IN court tba; not one dollar coDd he
expended witl!oat o-ieT from Court MI. Bowman
continued d; great lBgt and al his conclusion President
Nays and Director Baker made addresses On behalf Of
ne Missouri facdc dr9rtoIs.
Mr. Ruwpian then offered a substitute - the feA0!u
tons o, George the eject that N tie proceedings
before the United states Cffa ia ~ Louis the Judge De
requested 10 api9in, reprste roei'ofs for The hOHri
Pacific aud the Atlantic and Pacific Railroads that
I,ersrn interested the thd mOitgas bis at tiie
hssoasl Pacific Railroad. way interested the
atlantic ana Pacific Railroad, should be appointed
ceiypr OF the Missouri Pacfc
stock vote called tvr and persons representing
- 900 shares voted favor of The substitute and 6,jJ1
shares against II. Upon tsr motion ~ Nj Bowman IL
was resolved that the .;ockoiers committee confer
with the committee representing 81 Louis County. with
view TO the BcrrtOD of s,nta0ie person ~ be pre-
scntcd 10 the Court tOr icceIVe!.