New-York tribune., 1875-02-05
ROLLING. STOCK RELATIONS.
TUE CONDITION AND PROSPECTS OF THE UNITED
STATES ROLLING-sToCK COMPANY.

Tue CONDITION AND PROSPECTS OF THE UNITED
STATES ROLIING-SToCK COMPANY.
The United States Rolling Stock Company
was organized for the purpose of renting locomotives
and cars TO such railroad companies as desire them
The stockholders largely English capitalists the
persons owning the largest block OF stock being Bis
chonsheim Godschmidt, lately the London bankers OF
the Erie Railway Company From the fact that persons
extensively Interested in the Atlantic ana Great West
ern Railway Company are also extensively interested In
the Rolling Stock Company, and that the former Com
pany the largest lessee Of the ronGstock OF the lat
ter, there has been general impression that the two
companies are Identical that the RoingStock Com
pany much of the earnings Of the railway com
pany This impression the officers Of tbe RolinCStock
COMPANY say is erroneous and they refer their stock
book and annual report for confirmation Of their state
ment.
The annual meeting OF the Rolngstock Company
was yesterday the Office at Wall and Pearl-sts
William II. Guon presided ana A. Hegewsch acted as
Secretary. After the usual Introductory proceedings
Mr. Hodgskin President OF the Company said that lie
understood that his name the ticket for reelec
ton director and President and he wished to give his
why be would not be enabled 10 accept reelec
ton When before by The aid Of the
proxies OF BischoGsheim GOldschmld, who are in
arrears to the Company for $l33905 Ever since that
time he had eXeTtcd himself to make an equitable set
Element Of The matter IN dispute on terms favorable to
the Rolling Stock Company, hut az he had been upsuc-
cessiul thus a certain number OF the stOc8hodeTs
sheim GOdschmidt he was caring ior their interests
and nOt those OF lue Company He dd not care to
incur renewal Of these suspicious and. under the cir
cumstauoes preferred not to resume the position OF
President
meet the objections raised ny Mr. Hodgskn committee
oftwo be appointed 10 examine INTO the circumstances
relating to tue claim Of AessIs Blschofsheim q Gold
schmidt and report to the Board with such recon-
nenGBtiOns they may deem eXpedlent MI. Hodstkin
balotug trustees held ana 1896 shares OF stock
having been voted upon, Messrs. James b. Hodgskin,
AArfap IaaliU In. Ne
Parker Handy were unanimously elected trustees for
the ensuing YEAR
Ing points:
The income fif the year has tos8 . follows;
Prom Tentss......:.. ..............Sl,O l,OO6,474 80
From From i5lsfs:i %l stf 2Ssi5 aSH % %
n,tus total income for the 81 o5ooso 80
Dse SoSI g. ISIS % -... '.,s . l7a54s 81
Nanne total income 229624 27
The charges against income io TIE year nave oeen 50oo "a
And leaving an apparent credit balance 73G 4S
0Ot O the latter there must be provided The usual re- 80
o I've cent Oh tie capital ...... 10000 90
Leaving 6nal balance to credit Of income Of.. $9s2786 4S
The difference between he rental earned And the rental col
Il: T.: :. ;:i's ] aSss de S52 81.
Total pono, 81 8O6 olo is
Total rental collected Gasadsg nleageJ.. 2O4,292 SO
t.! t. .iss.s.f1 gs @ n: s5 e
Ihs Whole Of snOuDs IS involved in litigation
CAPITAL ACCOUNT.
cops.rue,op total COS, OF Ol3475 II
Budn J<4SO
llGJ 672 80
Balance BsClyl,heim 0olLschHdt. lo53US 70
Insurance o]ll ol
CAsh sHo e-h 67O56 o.
Total assels 400 SO4 90
LIqbtihsG
khero issoe..s. iOOOOOO W
Balance 70 ore0 Of ofine0ma............ SSZ 736 s3
S:::::' s: i:::::: js::s...:: l:a sfSS S 4 &
Total 4OOS SO4 ~
The report says: Among assets, the item OF
rentals due from lessees calls
the aVisabity Of transferring portion OF this amount
u doubtful debtors losses and profits readily
itself But while the result Of the pending ti
cation is doubtful IL has been deemed preferable TO
allow the account stand unchanged The relations OF
tbis Company the Atlantic and Erie COmpanes which
have led 10 this litigation, have been fully planned in
previous reports. For the same reason no further
reference made to the litigation ITSELF which is being
pushed vIgOr No further progress has been made
In the adjustment Of the Company's account with
Messrs. BischOffsheim & GOldscnmidt. Negotiations
looking TO a compromise were interrupted by formal
protosc from a committee of stOckholders formed IN
London advising representation OF overl0O00 shsres
THE MOVEMENT IN GOLD.
Cortrary IN general exnectatiOD. the heavy