New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-05
about $4,000 while their as,ets amount to only about
MISSOURI PACIFIC INTERESTS.
NETTING OF STOCK AND BoNDHoiDERs-ExPLANA-
TIoNs or CLINTON b. FISK.

At Joint meeting of the stockholders and
bondhoders OF the Missouri Pacific Railroad yesterday
in the Offices OF the Atlantic and Pacific Company Jen
kins Van sohaick appointed Chairman. MI bow
attorney for the County of St. Louis explained tne
and condition OF the debt due tho county from the
Missouri Pacific Road and the circumstances attending
the of the ~ 0O00 mortgage bonds substantially
as already reported In Tn TRIBUNE He read letter from
the county counsel ia st. Louis, dated Nov L. 1910,
setting forth that that day petition in e1uiy na
been presented Judge Treat of ST. Louis for the appoint
ment OF a receiver FOR Atlantic and Pacific Raiiroah
that the petition sworn TO in New-forx ny GAVIN
Lttleed Oh o. thus showing that this action had
been determined upon before any steps were taken 10
throw the Missouri Pacific into bankruptcy The petinoh
asse That 1t that the Atlantic ana P"e'nc
and Missouri Pacific roads FOR the interests OF all psrue
should he managed rs one road; that the Atlantic ana
Pacific road Is embarrassed by floating debt OF nearly
81 900 600, and is threatened with n snt; that IL
has defaued In the payment Of fts taxes 70 large
and Is without means TO pay Its valid oongaonS
that its commercial paper has been protested hat is
property In danger Of attachment and that therefore"
receiver should he appointed. Judge Treat dcchheu'o
act in haste finally took the action reported III The
TRIBUNE yesterday. Mr.. Bowman recommended INC mp
pontment of committee OF stockholders to LOOK aiter
Clinton b. Fisk on behalf Of the road. made some ex
C"unty OF ST. L,us had admitted the validity OF the
81. 100000 mortgage by addressing lnrOnsn l's -
these same i'll payment of the debt due the county
Mr. Bowman denied that this was tire purpnit Oh MS
letter Mr. Fisk further supported the validity OF te
MORTGAGE declined to answer several questions re-
g,stlns the management and condition or the roaos
without advice o. the counsel of tie Company, anu
characterized infamous the charge that any OF tIe
officers or directors had COnnyed ai declaring
on Missouri Pacific stock which they knew cOui not DC
pnid and then had "unloaded" their STOCK on NE
stren 9Th this given n IN the market. He had not sofa
one sare OF the stock and world not believe that others
had President Pierce said he had not bought or sofa
the stock, and owned only enough 10 quiiiy MN
for office. -, -,
The Secretary offered a resolution calling upon the
officers and directors resIgu their POSITIONS Ihs was
objected Dy Mr. Buckley and others ON the ground
that in form resolution casta DOUBT upon the validity
of the 81 100000 mortgage IN which they pro.eSs nun
faith. Ii finally agreed 10 suhstt utc q resolution
offered lay Mr. COwdTey, tna5 the meeting adjourn ana
r,ee.,ng OF the Missouri Pacific stockholders Only De
called 10 meet to-iay. President Pierce subsequently
exhibited tho following imperative statement OF ne
gross and net earnings tue former ana present
manaaeinent of the Missouri Pacinc.
7 MN Amonn, Men. Amount.
AwI-1a-1. i Pea H sDSns4 May-s7I 1910 s507ll
Apal-IST2.... 7O7 1855 May-l>I2--.. 50 $3.50
April-IS75... $50 Is4 Is MRy-Io75.-... Dol l0,Oo2
UNDER OLD MANAGEMEsr.
Gross earnings. Net earnings
5Op23 81 1SI0 .........StlS3o.'
1871 3J31,20S 50 lo7l--.---. 0@o'oOi ~
UNDER PRESENT MANAGEMENT.
earnings NteatnlhEc
ls73..... 81 7O7 0n 90 1s73.........s 402ll1 ~
lS74........ 3,7l3452 9j lo74.-.-.... l'ioIooo W