Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-12-14

Committee and their counsel Mr. W. C. Whitpey in
their attempt to elect Directors and 10 obtain nforna
We can not do better than he words of their own
report of the matter as follows:
''The result OF the voting the annual meeting
shown BY the certificate of the inspectors of election
placed in office for the ensuing three years, under
the Classification Act, the four gentlemen voted
for by Mr.. Butler, the President Of the npany.
and certi6ed TO their vote as having been
about 46 300 against 81 400 received the gentleman
for whom We had voted. large proportion OF the
vote cast by Mr.. Butler made up, sur
prised to discover of proxies more than i've years
old
sit included vote upon /, retired bonds of the
company contained in the sinSing fund -a5out 5000
out OF the 5000 votes Several proxies, offered by
Mr. Butler were Withdrawn on account OF the persons
who executed Years ago having died. the
personal knowledge of some OF There doubt
less many such cases that escaped our objection, on
account of the desth not being within our personal
knowledge. In addition to this. large number of
votes, upon proxies papably Illegal received by
the inspectors against our protest, aud without any
regard to TO their action in the premises.
"As an illustration, merely, proxy was presented
signed in 1885, by Mr. Peck President of the Terre
Hauie Richmond Road
many years ago, and the proxy contained a memoran-
dun in Mr. Peck's handwriting, undoubtediy written
al the tme in 1860, TO the elect that the bonds which
the proxy covered had been sold by the company but
he was informed, had not been transferred
This vote was received against our protest, and VIII
serve as an Illustration Of the manner in which the n-
spectors of election conducted themselves.
I'VE entertain no doubt that large majority Of the
You are aware that the Directors OF the company,
some three years since. CLASSIFIED themselves iato
three classes under the statute oil ILLINOIS, ana unuer
this The ofhcia term OF but four mem
ners OF the board expired TINS year; but, having as
certained that two OF the Directors, Messrs Russell
sage ana neian chamberlain were not holders oil any
OF the stock OF the company. we were advised that
there was grave doubt whether their seats IN the
,pa, were No. nacan. 81 .aaa lae.
year, II was As much the duty OF the stockholders
TO NIL vacancies thus occurring as TO NIL those
arising from the expiration OF term OF office.
Accordingiy. In casting our ballots We voted
ior tTo other stocxhoiders OF the company. speci-
neatly In place oil Russell SAGE and seiah Chamber
but although no other votes were cast Tor persons
TO NIL those vacancies except those cast by ourselves
so ,nat Inc vote may De assumed 70 nave been unan
recognition OF the vote so cast.
subsequently the inspectors. finding that their
conduct was commented upon unfavorably, not only
by ourselves but by others who were present made
copy OF the poll list for use, showing the facts
and the chairman OF the meeting, Judge Under
wood, who acted with great impArtianty, and Tor
whose character acquired the greatest respect,
volunteered certify, chairman of the sockhold-
ers meeting TO the actual facis With regard to the
votes cast by u.s.
ut was claimed by them that resolution had been
passed that the siocSheders proceed 10 vote for four
directors OF Inc nrst class ana tnat under such res
luton We could not NIL any other vacancies, but as
had not heard any such reso uion passed. aud had
certainly not voted for it, feel at liberty to claim
without questioning the TACT OF such resolution nav
ing been passed. that this was the general election OF
the company Tor tine year. called under printed no.
tce which made no reference to any class OF directors
and that no number OF stockholders could deprive us
of right given by the charter. to fill ali existing
vacancies by passing resolution viva voce, limiting
the election 10 certain vacancies.
such use can De made OF these facts hereafter, by
the stockholders As shall seem to them advisable IL
Is well In this connection that while the
being taken objected to the inspectors upon
ieurning that but one ~ them was q stakeholder in
the company. the charter prescribing. as one OF the
be a stockholder in the company.
1--WE are also advised that there are grave doubts
whether 10 OF me gentlemen csrtthed 70 as elected
charter OF the company provides that majority OF
the directors snail always be citizens OF the Stale oil
illinois, residing In the counties along the line OF the
road As the bard OF Directors was organized and
eonsutu'eu ~ was neT1ssaIy, In order 10 falhii
THIS requirement. mat all OF ,he directors OF the hrst
ci'ss' Nnose .eiin eSPIeu 'us year shouii be re-
piacsu oy IvuI, All oi N"o,n we're ci'izens Oh ILLINOIS,
1esidiag IN tne counties along me line OF the road
Two VI tne sen.een nom tue insP@clors certne 10
elected do not reside In the counties aloog the line
OF tne fo"' anu o"e Vi e Two - not CITIZEN oi I'LL
no rs, 9. .,,,,,., he -. T., xo,, s.s.,f
20 " vs. -, ,o oea.i, .ia, MSS tso
Eenurmen, oeus ois4ua,nen unuef Ne chsrter, the
voies when tney should nave been rejected
ana two Of the persons or wnon our votes we're cast
all OF whom were qualified shoa'd have been de-
eiared elected, rs having received the next highest
number OF sos sucn use can oe made OF these iscis
ns s.s,, "' '"e - 'H~i' ~ee'n W 'nein
advisable.
.his niueh Win regard 70 tne eiectiou- Inc sum
and substance lbs. Of u all Is that, u
IL " cast a majority OIL ne votes legally poiied
~ we snonla oe nisaaken Ia this position, We
ciam 'nss "eeecsS', - an even's, iouf mcmoers Oh
the Dodfd-
ne tesu' W .ue e'ec'i'n sny~eu tnit u was con-
uoei os PioA'es sn. sseo anu eiSht years Ga. the
use OF Which, our Jausmeht can NOT De 100 severely
condemEeu fesuils pfAeticaiiy IN aisiranchising
the st"c~hoiders OF the COMPANY. Ihe>e oonos, Tor
wnicn pIoAes were gisen seven ., eisht years ago,
nave in many casss Deen tra-ierred 10
,s., The ,e,i.srv renye.s,,r no ,c,ns,e noit.-
Ii is impossible for the stockholders 70
trace tue oonas 70 mi the owners, without
sereyss,esea because thew are secu-e NV
and are safe that 1t unnecessary for them TO A.
tend the annual meetings OF the company OF look
after It's interests In tnfs way the bona hde holders
OF the socs are ou'vo'ea rom year 70 year oy
utia~ed, and which represent no SEXUAL ownership In
the company IT. desirable inst the persons giving
those proxies, oil which We have pretty complete
list should be rsquested :" revoke them so lar as upon
inquiry IL snail appear thai they are not holders
OF the securities OF the company The election Deins
over, we ds,ermncd 70 bring certain facts to the at
tention OF the Board oil Directors OF the coufpany
which In the course oil our inquiries we had eliced
and demand Immediate action by them.
n Although the meeting OF stockholders had alread
reached well into the evening Immediately after Their
and e'ec.ion Oh omcers. We Went before
sara r., the Ia'ari ~ Djr.c,.rs Of th,s .enna,,
meet. but once wear WHICH a. ON the IA 81 III ~.
nual election when they orvanizs elect Officer AM
| adjourn until the next an uai election
phe mem f the boa ri residing In the Ve~, ,r,
men OF pos,tie in the various localities whers ,her