New-York tribune., 1875-02-25

THE OLD BOARD OF DIRECTORS DEFEATED-TRIUMPH
OF THE EASTERN PARTY-RETIRING SPEECH OF
Mr.. JAMES V. JoY-FURTHER CONFLICTS PRE-
DICTED.
CHICAGO, Feb. H.-The long lOoked-for an
nual meeting Of the stockholders of the Chicago, Bur
lngton and Quincy Railroad was held this morning at
the Office Of the Company. 1t generally understood
that at this meeting the fight commenced
at Boston, in regard to the alleged msmanage-
ment Of tire Chicago, Dubuque and Minnesota ana
the Chicago Clinton and Dubuque lines would be fought
again, and the contest virtually decided by the
overthrow Of side the other. Hence, moro than
usual interest taken IN this meeting and large
number OF the stockholders present Previous 10
the meeting considerable lobbying was going on, and
OF both sides Of the question were reey
discussed Most Of thoses present were western men
who were generally favorable to Mr. Joy and the
present management; but it soon became apparent
that the boiling Eastern party led by Messrs Grswold
aud Forbes, would carry the day. hints were fire.
quently thrown out that Mr. Griswod had enough
proxies from Eastern stockholders in his pocket to elect
all of his men and defeat the JOY party.
Mr.. Joy arrived little late and took his seat the
door, and discussed the situation quite freely with
stockholder sitting next to him. He said that he eI-
peced beaten owing the fact that NJ Girls
void and Forbes had been interviewing all the Eastern
stockholders during the las. month and soliciting
their proxies, while no never solicited the vote
Of single person: nor did ne know
that auy such changes as those made at
Boston would be brought up untla week ago. when 1t
late for him to take any action to counter
balance the Vaccinations Of the Boston clique. He
would in due time defend himself and show that his
connection with the Construction Company was per-
fectly justifabIe every honorable. He also
that he expected be out Of railroad business
except stakeholder. within this year, as he intended
forthwith to resign all his Official positions and 90 back
into private lfe
Mr. N A. Griswod sat at the head Of the table like
General-inChief and next to him sat MT VIM. H.
Forbes, the son OF Mr.. Jno NJ. Forbes, who was not
present himself. Young Forbes had with MIN whole
carpetbag full of documents, which he and Mr. Girls
void were eagerly looking over. During the read
ing Of the Presidents report by the Secretary
Mr. Grswold stepped up to Mr.. Joy and asked
him hos he felt Mr. Joy replied that he never felt bet
ter his hfe Do you Intend to make BIZ speeches "
asked Mr.. Jay. "Oh. no." replied MIR. Greswald we
said all nad say Boston Do you intend TO say
anythingT THAT depends upon the action OF the
meeting" said Mr.. Joy.
The meeting was called to order at about Il o'clock,
and after being organized the annual report was read
by the secretary 1t shows that the gross earnings Oh
the road during the last year were sle5 81 and the
operating expenses s65l351 80, leaving the net earn
ngs during the year s5,l3lSo5 49, Tho report gave
very favorable exhibit OF the Company's affairs. On
ordered to be printed for distribution among the stock
holders.
On motion Of Mr.. Griswod the following resolution
passed:
Rcsoced That tho following be added to the bylaws
Of the Company, tO-wt:
The Board OF Directors shall consist OF ID directors in
stoad Of H. to be elected already provided In the oy
laws.
The following two tickets then proposed, the
first consisting OF last years Board:
nessrs Sidney Bartlett, Jno G. Green Erastus Corn
Ing Ino. ". Brooks Jn0. A. Burnham, Jno. N Denni-
sel Jr. NJ. FoFSe., n, Thayer, Jno y. a. Griswold,
Jas. Il. joy. C. 3. Colton aud James W. Walker.
The new, opposition ticket consisted of:
Mcssrs Sidney Bartlett. JDo. c. Green Erastus Corn
ing j. ". Brooks jno. NJ. Forbes, Nathaniel Thayer,
Jno. N A. Griswoid C. d. Cotton, Jas. NJ Walker, L. j.
Coolidge w. j. Rotch, aud j. H. Clifford.
The three lastnamed were substituted for James F.
JOY John n. Dennison and John A. Burnham. MT.
Grswould moved that the OF Mr. Charles A. Paine
OF Boston he added to the ticket. Mr. Joy moved
that the name Of Mr. Moses Taylor OF Ncw-York bo
added to the other ticket ballot was then taken,
uy,tb 4 the follOWinQ result: