The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-30
MISSOURI PACIFIC STOCK.
THE HOLDERS OF 4 PREPONDE Err.
dNCE ISH EOR 4 RICHTER.
An Owner of Third Mortgage Bonds nes
Wanted for the once A Second and slight.
~ Less Turbulent Meeting Yesterday.


An Owner Of Third Mortgage Bond. pss
Wanted for the Oalce-A SECOND nd slight.
~ Less Turbulent Meeting Yesterday.
The meeting Of the stockholders OF the
Missouri Pacific Railroad yesterday was largely
attended. and although the talk was not as abu-
slve as on the day before, the contending fao-
tions dealt In a sreces OF sarcasm which, per-
maps, cut more dceuly. Mr., ]. H. Britton, Mayor
OF St. Louis, presided, and had no sooner taken
his scat than about half the stockholders pres
ent began to yell, "Mr. Chairman Mr.. Chair
mani A youth with a feeble but sharp tenor
laid stress on the Mister" and then let his
voice dwndle into croupy whisper; and .
basso, ginning seemingly at the very lowest
notes Of the human voice, went down and down
until ut length the nnnl syllable came from the
pit Of his stomach Ike distant rumblne Mr..
George finally secured tho chairnan's notice,
and after waiting about nve minutes for the
confusion to die away offered the following;
hsm'ssi. That committee qf nys gocGsnoldcr. be
appo. 81 TO invrstgat. the afirs Of ne Missouri Pa
cihc lGHro1d, and In connection with committee OF
rae Hoard o. Director, TO arrange vim the Atlantic
and Pacnc iar ad an arbitration of al differences be-
R,soi,ci. That saii committee con.i.t Of Messr~.
c6cii, and JACOB tfoaiveii - '''"'" Jun" -
Mr.. Bowman, who represented 81. Louis. 10
ofcling substitute fOF thcs. resolutions. said
he would place facts and figures before the
me eting to show int the Missouri Pacific could
not only d " | ~ cents on the dollar, but also q
DIVIDEND. In lTl, he said, the Atlantic and
Pacific tailrond bought largely OF the Missouri
Pacihc stock and having thus obtained control
Of the road, made the lease which had since
Rlvoa rise to 20 much trouble. Their object
was to secure access TO -. Louis with all tho
advantages possessed by the Missouri Pacific.
Under this le isc they borrowed about $40 O.00O
Tor the improyement Of the Miss Dur Pacific, but
they never made anv. Aud tho stockholders
had no redress. ior the lease. drawn up In the
intcrr-t Of the Atlantic and Pacific, gave them
the power 10 b lrrow money, and also to turn
% II % "a Cd AZ YftN I'M
and IN any condition. no matter how bad. Tho
rond whic had heen leased had been mortglgcd
heavily bY the lessces, the property owned by
the citlzen3 Of Missouri had been heavily mort
caccd ~ Inst their Will. ana the $ll.OO.OpO lien
away by unfair and unjust legislation. Mr..
Bowman contcn1cd that Under their charter tho
directors oi the Missouri Pacific had no righ. to
lease the ROAD AMI diviie an uncarned fenth
aud SAID they could he held accountable foi the
impaired capital Of the road. Mr.. bowman then
read MS resolution as follows:
=, r. irei. lnathis thc wish - thc stocsho,dcrs Of
The Mlts aur recinc ill'o9i tht separate receiver
icct Z rc-ay rwho io d. thiri moitgise bon is OF
ana llic i.a rolf sud tlat f a. carly ,ay rs pj.s
blc te 'ogrt hi requested To- rier the clec ion of
oT roae ''-'' 0' DIRECTORS u 'ne N''''' r''u' i'a
Mr. George vented to set before tho meeting
the results of throwing the road into uanlS-
fuptcy. II the go once Sot INTO the courts the
cost AVID fees would soon eat up their propcrty.
II would bc like throwing a silver dollar into
the deep sea. You could not md the pl &c
where Il went down, or see tho tubbes eau. ed
hy ITS sinking. There ought to be, he said,
general committee to look into the affairs of
both roads. Abiding to the tuIb bulcnt meeting
on Iue-day, he said l. WAS poor way to begin
an argument wi,h man t. -all him damn fool
or scolndrrl. There had reen too many hald
assertions and too little investigation. AT this
point alr Geurge was interrupted by several
stockholders. whose cllmor was 9rett that
Mr.. lirittOn declsred his intention OF quitting
the meeting unless bctter order was preserved
Mr.. Bowman moved the adoplon Il his substi-
tut. lie didn't see the relevancy Of the ques-
ton Of bankruptcy. Ihc vote was taken by
| - Il n ar
ths substitute. Nr. Bows wanted 20 vote az
the representative Of i,US shares owned by st.
J. 'uis county, Mo, but ~ there was decided
protest he smilingly withdrew, tisded that the
Substitute would be carried without his votes.