The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-05
THE MISSOURI PACIFIC RAILROAD.
SEPARATION FROM THE ATLANTIC AND
PACIFIC RAILWAY DEMANDED.

a
PACIFIC RAILWAY DEMANDED.
meeting Of those interested in the affairs or the
Missouri Pacific and Atlantic and Pacific railroads was
held yesterday at the Offices Of the latter company
The meeting was largely attended the recent action OF
Judge Treat Of St LOUIS, in placing the Atlantic and
Pacific in the hands Of receivers having brought tho
affairs OF the roads in question to a crisis Alderman
Van Schack presided.
Mr.. +. J. BOWMAN, Attorney for the City and County
OF st. LOUIS, read a letter from Mr. Thomas c. Rev.
nolds, giving the details OF the manner in which the
road forced into bankruptcy by Mr. Calvin Little
field, and stated that he knew nothing OF the man or
his proceedings until he learned them from the petit
ton. He recapitulatcd the history OF the Missouri
Pacific its lease by the Atlantic and Pacific and its sub
sequcnt endorsements and said that Lttehclds ac
ton trap sprung upon the creditors OF The Mis-
souri, Pacific He advised that tho stockholders pro-
coed with the bankruptcy and stated that unless this
was done the 81, DOC, 900 mortgage would become
FIXED
against the Missouri Pacific. II the bankruptcy Is
gone through with only the amount actually paid for
the mortgage bonds will have to be paid to the holders
OF them He stated that committee should be an
pointed TO cooperate with the city and county of ST.
Louis
valuable property as the Chicago and Rock Island
which saying great deal He thought IL very
desirable TO separate from the Atlantic and Pacific
which was conicssedly bankrupt He condemned the
action Of the officers OF the Atlantic and Pacific in adj
versing bonds for sale when they knew bank
ruptcy proceedings prevented them from selling bonds
II there just debt due the Atlantic and Pacific
should he paid but the two roads should be divorced
Mr. CLINTON b. FISK said that his absence from a
previous meeting had been misconstrued II the bonds
OF the company we're worthless, Mr. Bowman had
given them to understand, why should Mr.. Bowman be
anxious to get hold Of thcmS He had refused TO
answer the questions asked him, but had called tho
Board OF Directors together and consulted to
the action TO be taken. He said that Bowman had
been prosecuting the road tor years. The city Of ST.
Louis will be paid railroad could AFFORD 10 into
city of 500 900 people who believed that they had
been cheated OF 500 900 The Missouri Pacific was
great property should be 10 the State OF Missouri
what The New York Central and Pennsylvania Central
to the States through which they run. The At.
lantc and Pacific directions bought II and thought they
had made most excellent bargain.
IMMEDIATELY COMMENCED
by Bowman and his friends, and they have been fight
ing II since The harassing hard times and bad
changed the business OF the road that instead
OF bringing us in $500, 900 IL an expense Of
81 900, 600 The mortgages made made in view or
this state Of affairs and contracted with the uIl
knowledge of the shareholders oil tho Missouri pacibc
as is evidenced by the circular in my hand a copy Of
which was every holder OF STOCK IIc believed
tho charges brought against oi tho persons IN
tercsrcd IN Atlantic and Pacific unloading their stock
TO be false.
Another gentleman said that some wears since ,be
State Of Missouri placed heavy taxes on tho road ana
would have appropriated IL entirely but for dertson
Of the supreme Court
Mr. BOWMAN said that tho statute Of 1875 sirnpy en-
powered the state 81 Missouri 10 recover money adj.
vanced by w.
Alter some further discussion n motion was intro
duccd requesting the directors 81 the Missouri Pacific to
resign, and appointing OF I'VE 70 elect new
ones. some debate arose the motion and IL was
finally resolved that matters could be much simplied
by hoidng meeting merely d The stockholders Of the
Missouri Pactc ami such meeting was then amounted
70 pc held to-day AZ No 70 William street The meeting
was then adjourned