The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1876-01-05
A WALL STREET wRANeLE.
A Rafting Railway Meeting in
New York.
THE MISSOURI PACIFIC.

ALL THE RED HOT RAILROAD MEETINGS.
The New York sun gives this graphic de-
scription OF "a Tuesdays meeting of the mag
mates of the Missouri Pacific railway: A
meeting in the Drexel Building, called by
the directors of the Missouri Pacific rail-
road, at the request Of the stock holders, was
attended Yesterday by President Hayes and
Directors James Baker, w. II. Coffin, ID. r.
Garrison, John j. Tsusig and Andrew
Pierce, jr. Among the stock holders who at
tended were thirty or forty well-known
Wall street brokers. Representing the st.
Louis stockholders were the Hon. James
BrittOu, mayor of st. Louis, who was sp-
pointed chairman OF the meeting; Judge
Chsuncey f. Schultz, Judge Farrar, Col.
Joseph l.. Stephens, the Hon. Thomas
Akers, and Frank @. Bowman, at
torDey for st. Louis county. n. A.
Cowdrey, of the committee OF stockholders
presented resolution that the c. airman be
requested to ask each director present
whether or not he would abide by the &C ion
of the nesting when expressed b. stock
vote. Judge Baker, OF the board of directors,
regarded the resolution as al insult. II i.
was pass ID he would leave the room. TCries
OF $50 will H. ard 80 will we ALL" It was
putting the directors in the position OF
telons. They would have been accused OF
crimes that, If proved, should consiGn them
to prison. If they were now tn be trea 60
as ielons Re- for one, would shake the dust
of the room from his feet. Attorney Bow
man said that Judge Baker had pr missed to
step down and out il the stockholders desire5
II. Judge Baker denied having said so. Mr..
Bowman said that his denial made the as
sertion a question OF veracity. A stock
holder called the chairs attention to
the improper attitude of Mr.. Bowman +,
and Mr.. Bowman was called To order.
ACCUSATIONS.
Mr.. Bowman said that the directors were
accused of having betrayed their trust by
attempting to foreclose third mortgage on
the road, which mortgage was put there by
themselves, and the bonds of which are to
large extent controlled by them. These
charges were so completely sustained that
on bond OF $4,000 Judge Treat OF the UNI
ted States court had granted an Injunction
restraining them from disposing OF one of
the bonds. Baker had SAID in court trat if
the people represented by the speaker were
actual stockholders aud made the request,
OF course there WIS not one director who
would not retire. The speaker IL ereiore
moved the adoption of the resolution
There was nothing insulting in it, and it the
directors were bo1est they would not object
to the instructions given them by the
meeting. Judge Baker (risiDg sngrily)-
This gentleman is not accused of felony,
although he has often been before. TCries
of "Orderw and "ShameV1 A stock
holder made motion that the chair
request the gentlemen not to handy
epithets TO and fro. Judge Baker
said it was almost indifferent to
him what the gentlemen present saw fit to
do. He was called to order by the chair
Mr.. Baker excited laughter by saying that
! the action of the directors of the company
had been in protection of the property of
the stockholders. Mr.. John III. George said
| 1f4 Sin in IL
did not participate in the personal differ
encas that were manifested. The B )stOn
people whom he represented desired the d.
/ rectOrs to explain their acts. 1t was neither
fair nor manly to hamper the gentlemen in
their explanations. Give them a white
mans chance. Loud spplause1 Mr..
Cowdrey, the mover of the resolution,
moved TO lay it aside. This was done. Presi-
dent Samuel A. Hays, of the Missouri Pacific
railroad, asked permission to read a report
and preface il with a few remarks. He spoke
of the high character of his associates
VITO bal been maligDed. Their repu' Ion
bad been assailed, not only in New York
| but in their homes, where their character
was dear to them.
CONFUSION.
Mr.. Bowman called the speaker to order
His remarks would force a reply that would
not oe at all pleasant. This was followed
|
President Hayes said he recognized the
faces of many whom be knew to be gentle
men. II he was mistaken he would vacate
the room. He read the charges against the
directors a published in the report OF the
committee. 1.-THE circular was gotten up
| by Cowdrev, the assumed chairman OF 4
committee" said Mr.. Hayes. Mr.. Cowdrey
Il caution you to be more careful in your
s-ateme ats, 80 that the audience may give
y9u credence. Please state who tire authors
were. Hayes-I caution you, sir, not t.
raise question OF verscity with ne.
shall bs quick to resent If. : his circular
is an unbushing falsehood, and the men
| who wrote it. 1Cries of "Orderw and
'SSop therei'l Judge Baker said, awe
want 70 give reasons Why we've done these
acts and what we've done them for
move the directors of the Pacific
railroad have all the time neces sary to make
their report and present it," Mr.. CoWdrey
replied that his objection 10 that motor
was brief; said he, ''ss has been stated by
the man who has the floor" Mr.. Hayes
clenchlng his fist nervously, "The gentle.
man who has the floor, sir. You lying
sc)undrel know your record" Mr. Hayes
was interrupted by a tumult OF cries for
order and ordinations of .'For sbamep'
aud keep quielp Mr.. Bowman asked the
gentleman Mr.. Hayes) to indicate what
length of time be needed. Mr.. George, oil
| Boston, said he wished to hear VIA the
directors had to say; he didn't want any
cut and dried action in this meeting. Mr.
} Bowman didn't wonder that the term "cut
and dried" was used by the gentleman from
Boston. The cheers aud cries looked very
cut and dried, and came from the othe
side. (Cries of"Oh, Oh, obi" and "Orderr'
Indicate what time you want. III TAX
my hat and coat, and you may intercbang
personalities for two days. Then I'll com,
pack ready TO attend to business said MI
Bowman.
UPROAR.
Uproar followed this speech. Question
were put and carried by one-half OF th
men in the room, and the other half adde
, 10 the confusion by loud discussions. Pres
ident Hayes was asked TO proceed with hi
: explanation. He continued his address
but was interrupted by discussion abou
the right of Mr.. George, of Boston, TO pres
} q motion thst he had made. Mr. Have