New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-12-29
RAILWAY INTERESTS.
MISSOURI PACIFIC TROUBLES.

AN EXCITED MEETING OF sToCKHoLDERs-MANY
PERSONALITIES AND MUCH DIsoRDER-ExPLANA-
TONS FROM DIRECTORS.
An excited meeting of the stockholders OF
the Missouri Pacific RaIlroad held yesterday In
tho Drexel Building at Broad and Waists. 1t had
been called by the directors and the officers OF
the Atlantic and Pacific Railroad. AT II o'clock
Mayor Brtton OF ST. Louis took the chair The members
Of the Missouri Pacific directory present were Samuel
Hays President; James II. Baker Daniel X. Garrison,
John Fonsey, Andrew Pearce ana william II. Coffin AT
the beginning OF the meeting difficulty arose over an
effort pledge the directors to abide by the action OF the
meeting aud the directors said they would leave tue
room il they were not treated with courtesy. Mr..
Baker said that the directors onphatcaly denied Tile
charges made against thom by the stockholders Ibey
hurled them back being without any foundation Mr..
remarked that, the author OF the charges he
was prepared to sustain hom and had brought the docu
ments with him sustain the facts in the case lie
stated that the directors had endeavored to forecose the
mortgage OF the stockholders Mr. Baker had said IN ST.
Louis before Judge Treat that the stockholders 80 de
sired, they would step down and out TINS
brought Mr.. Baker to his feet and scene
of confusion ensued Mr. Baker denying the use
OF any such language at any time or place,
and Mr.. Bowman claiming that he had made use OF H.
while half dozen others endeayOred to speak at the
same time. Mr. Baker declared that Mr. Bowman had
taken this opportunity 10 make charges winch were Ut
tery false. lie has not here as we have charged
with felony although ne had been before many Times
such personal remarks these loudly objected TO-
and for time the meeting was ia an intense ana eAced
uproar Mr. Baker thought he could satisfy tho meeting
ha the action OF the directors taken Tor the benefit
OF the stockholders.
The discussion OF outside matters objected to, and
George OF Boston who stated that he represented
number OF stockholders in that city, said the first thing
properly the meeting explanation from the
Board Of Directors with regard TO their action in the
matter If the charges preferred against the directors
were true they should be in the Pencntlary Of Mis-
souri, and II only manly and Just that they should
have ample opportunity to explain themselves. Again
all discussion terminated by disorder in which per
sonates Of the most violent kind were exchanged
Mr. Hays said that he had been acting since March last
as a director. in connection with II Others who were
men OF the highest integrity and honor, and had con
scented 10 directors 10 the great dermen OF Their
business They had found disposition among the stock
holders to arrn them certain charges by scattering
circulars only around NewYork but throughout the
land Mr.. Hays then quoted OF these charges, but
objection was made that ne had right 70 90 into such
matters, and heated discussion and much confusion
followed. Mr.. Baker moved that the directors have
plenty OF time for explanation. This motion was laid On
the table and several Of the directors started 10 leave
made second attempt TO leave the ROOM
but the chairman reiuested Mr.. Hays 10 40 on
After further discussion. William H. Morrel OF the
stockholders committee moved that sufficient time pe
given the directors to make their statements and the
motion being carried Mr. Hays said that the charges
preerred agains; them were, true sufficient u
sicu them the Pencntiary, and il Their desire
that these charges should be investigated lie never
heard any thing OF the bill making out of which il
w.s e-ed they had been implicated. The recent mort
gage placed upon the road ratified by twOthlrds
yotc OF tie stockholders and could not be charged 10
the directory Ths mortgage he thought, was very
much H. the advantage Oi the road In conclusion, he
submitted report presented TO him by the essces OF the
Missouri Pacific Rtlroad-the Atlantic and Pa
ciac Railroad Company. This long state
mcnt IN detail Of the present condition Of the road
ed hat
control Missouri Pacific mOrtsaged fOr @l3OO0,
OGO instead S7,74 00O asertofln the report ot the
stockhndrrs' committee It's bonded debt on the date OF
tine lease the Atlantic and Pacific Company tune 20
1872 was S1l 100000. It, gross earnings III 1879,
partly estimated, were about s3,DOO.OOO
hIr. Baker made long statement OF hls connection
with the road and the action Of the directors generally
i'm the course which Ire became engaged in an arSI-
Bent with two of the Stockholders The meeting ad-
iouIned without any final action having been taken