New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-05-24
LOCAL MISCELLANY.
PACIFIC MAILS PROSPECTS.

PACIFIC MAILS PROSPECTS.
THE NEW TICKET FOR DIRECToRs-RELATIoNs WITH
THE PANAMA RAuRoAD-THE RUFUS HATCH LIT
IGATIoN
The complications in the Pacific Mail Steam
ship COmpanys Board OF Directors appear to be settled
for the present private meeting held yesterday
in the Office at the foot Of Canast and the directors
present Rufus Hatch. James H. Smith, George
Forrest, c. j. Osborn and Capt John Riley Jay Gould
and Sidney Dillon were absent. The regular monthly
statement was read, and the following inspectors of
election were selected: Peter c. Van Schaick, William f.
Shirley, and Lawrence r. jerome; suhstttutes-Geu. L.
NJ. Dodge, John c. Wyman, and John L. Alexandra.
resolution passed ordering the closing of the books
by Thursday, May 25, in order that the report may be
made up before the election May 80.
the President of the Panama Railroad dated
May 20 and signed by Whtehouse & Co.. White Morris
& Co.. and H. Kennedy Co.. stated that the sgners rep
resented large amount Of Pacific Mail stock, and desired
to have Board OF Directors whose only object is to
promote the interests of the Company disconnected with
any rival line between the Atlantic and Pacific" The
inquiry was made if the Panama Company in such
Board Of Directors should he elected, would postpone
the payment OF its claims against Pacific MAIL and would
give the Pacific Mail Company the same advantages aud
facilities for business given to any other company 1t
stated that the proposed ticket was composed of
Charles G. Francklyn, Henry Hart, s. G. Thompson An
drew Boardman, E. A. Quintard Charles H. Mount, II. X.
Thurber, jeremiah Mlbank, william p. Clyde. To this
letter the Panama Company through It's President re-
piled as follows:
In case the stockholders OF the Pacific Mail Steamship
Company elect the Board of Directors you PROPOSE who
are not identified with any competing line the Panama
Railroad Company will
cic Mail Steamship Company, and will $50 soon as ad
justedl extend the time OF payment so as to prevent
the Pacific Mail Steamship Company, and We VIII To
any reasonable extent within onr power ana sald steam
bC in -,
"a to reGstablsh the credit of the ConPany ,,,n
Steamship Company with the consent and cooperation
of the Panama Transit Steamship Comranyl, giving
freight and passengers in connection with our road as
is given any other steamship line doing business Ill con-
g. | am advised that the Panama Transit Steamship
Company will enter into contract with the Paciho Mail
steamship Company, by which both companies NAV De
operated in entire harmony believing there is profitable
business for both IL so operated.
4. W. PARK, President Panama T. T. Co.
RUFUS HATCHs LEGAL PROCEEDINGS.
The proceedings of Rufus Hatch against Sidney Dillon,
Jay Gould, and other directors OF Pacific Mail came MP
yesterday before Judge Sper in Superior Court Special
Term in forms. In the suit 10 prevent any winding
up of the affairs of the Company in which an Injunction
was denied after argument Mr. Hatch had obtained an
order examine Sidney Dillon and Jay Gould before
trial defendants yesterday morning On SATURDAY, an
order was granted er PdTie TO snow cause way s oIF
be not set aside. rcurnablo next SATURDAY ana mean
while all proceedings were saved hOotr' oeMti "a,
counsel for Ruius HATCH moved Nt"trrual
morning to vacGte this last order or pd'fe rs
one imprONdCnuy granted MI. Ithiitt MI
Dilon's counsel said he not present on any Snci
notion but submitted that his clients were not IN de-
fault as the Courts order had excused them unt SItu-
day Mr. sewell claimed that tho Court had no d'cr~
ton in matter and the order To SHOW cause why an
eNamin Al should not he dlsdlnWed was improvement
u ge Speir then vacated his previous order ana the de
tendants being called. took their default
form Of the litigation was on the morton TOT
mandamus TO compel Sidney Dillon, Jay G0nid, aud
Charles j. Osborn to attend meeting of the Board OF
Directors choose INSPECTORS Of election As there was
such meeting Yesterday morning, Mr.. Scwcll expressed
his willingness to withdraw the proceeding, and Judge
Speir dismissed II. .
MIR Bennett on behalf OF Sidney Dillon. said his client
bad beon put in a false light by the published affidavit OF
Ruins Haich Mr.. Dillon was served while actually ON
his way 10 Washington 10 obey the subpoena OF the Con
ressonal Commit ee as 10 the lost Union Pacific bonds,
ana stopped to SEQ Bennett and asked him To stat"
the facts Mr. Dillon had worked faithfully for the Pachc
Mail Company, and every director except Ruius Haze
had expressed thanks To mia for his work When tIe
Company such straits that the sale U It's properiy
by mar sal was threatened lie aided IL not only nv his
work and advice, but by his personal pledge o'
mis- credit as did also Mr.. Gould and Mr.. Amos.
AT tnat time Lufus Hatch lid not aid them on
the Company with his time, advice, or pocket
Now he charged absence from ncF-
unlmpOrtant ting as "A crime Mr.. Bennett aldtu
that talked all the directors present at the
mornings meeting and all, except Mr.. Hatch, assured
had part In this proceeding that the OutRu-
ing and incoming adnnistr ton Oi This company were
in fullest sympdth except Mr. Hatal, VINO seemed
that he speed the parting and welcome Tue
coming directors with pyiOecnmic display OF IesaI
complications.