, 1877-06-26
The Annual Meeting Of the Michi-
gan Central and Its
Results.
Joy Could Routed, and Sloan Likely to
De Retained al President.
Tho Old Directory Ise-c1ectctl
with but Two Changes.
Agreement Between the Lehigh Goa
and Pennsylvania Central
Companies.
MICHIGAN CENTRAL ELECT1ON.
speetas DLspdtc& Ia T1< Tribune.

prrrorr, Mich, June 2i -one OF the hottest
cpntrats oyer the control Of railroad that has ever
occurred In this country has Just come to m end.
Tho bone Of contention has bscn the Michigan
Central tarond, one OF The 6ncst roads leading to
tho East ftonn Chicago. Tho fGhl - ID we'll
known, has been = triangular ono. Mr. Jar
Uonld has made horcnlcnn efforts TO capture It,
and nothing has been left unlone BY that gentle.
mhn and his fr!onds TO obtain The desired result.
The desire of Jay Gould to control through iine
between tho Atlantic and tho Pacific IL we'll
known. and this road b needed BY h!ul:to:anpp1y .
link In The proposed route. hr. Vanderbilt tried
to Ect possession Of tho property 10 make 1t \
feeder of the Canals Southern and his big four.
track c,cphsnt,-ths Now York Central. The old
Doard Of Directors, headed BY sam Sloan and
Moses Taylor, could not &4ros1 to bt turnetl out,
because most sf them are Interested In the Upper
Michigan roadd which arc leasea to the Michigan
Central and either Of Tho abore.nRncd contestants
would have been in favof Of rsToslng these leases
because they hAys been baflen to the Michigan
Central prni,cf. ....
The election, which came of In thsA city To-
ay resulted In faYor Of the old Hoard, as Indicated
In Saturdays dispatch. Neither Gould NOR Van.
ltsblt wcro represented, and The Sloan and Taylor
faction had everything thcF own way. There
were represented 1t The meotiHE 107,77 shares,
the proxies for which wera mostly in the possca.
aon Of Mr. Il. @. Rolston, Secretary Of the Com
pany This does not include til n, GOO shafcs held
By Vanderbilt, which werc not counted, bccauto
theY arrived too late. Adding vxndcrblt's sharcs
to these counted at the meeting It makes total Of
nearly LBS, 600 shares thai wefe represented. Tho
entire stock OF the Company amounts 10 787 3He.
meeting wcro from 10, coo 10 10. coo. From tho
fact that this number Vas doubled a! this mettn9,
the aereenc.a of the contest which hAs 3nst closed
Ths see1etary stated TINT owing to tho short tlme
betwoen the eloee Of shs a:csl rear, h1ay 81, snd
9 s ..sas Rss q ii. to roEss E.s o f'a' ss' ro,S T.
tae sn,t rs.a,, IL which sSo''1 ber,:
ars snfrlcienly close not 10 dsdet materially from
what ths aet,lal result when obtained. viii 6e.
due to ths retirement Of the jackson. Lansing i
Saginaw bond. md the Mehlgan Central linking
fund bonds. The total earnings from tfa[ie wefe
e. se67. 0o6; showing decrease In xroFs earnings
q 33o7, aoo and II operating e1p<nses ot slb7,.
bf e sssans. o
sa s Of II. rst IL .sats t1f ps
s:ss::4 t. .tS ss;5S5 @ rh,! h. sssS,
isesl yesr. I T,o toniaaga Of the road laa largely
showing in increase Il %. .s72, 90 ions: Tho
otshl huudfcdt!,a Of pcs cent, ~ aGa!nst 1a1oo
per cent Tor the r7aFlo1s Joa!s MIta tue Ehtes
eaaainss n would show an increase of u, lilo. co.,
Of eu1icient 10 hare paid dividend OF per cent
npon tho captA stock. highly. three miles Of
ttsel rails ha'o Been lad on tho main md af line,
leaving but nte miles Of 'ron In the main line and
Il tooE nearly tive hours to count tho Immense
! ptle OF proxtes, anu the following ,Gent!eren Ncsd
elected Directos wttl.out Opposition: Nous. Tay-
to-. is.ss ysii. Il b. Ko!ston, ii . Nex YeiE
| Nathaniel Tlsayce snd Edward Austin, Of Boston
| mud John F. Barron, of Concord, N. II. All oi
these gentlemen were Eo.clectsd, except this twt
| last named. ..... .....
Iii. Austin. who takee lhs place Of August Del.
mout 10 capltslist aud has, heretofore. nut been
| connected with sho management of railroads.
! Ms. Barron, who follows Mr. billings, Ia H1s0 a
ss.
| The Canada Southern has becn slgnallJ defeated
In ts afforta to foFU cfoset unlon with tho slcht.
gan Central. 1t will undoubtedly nus* Try to pun
III the Michigan Central by forming cIoaur ALL:
lii, n, t. scoit, Of Rfe, tho well-knovn rail.
Yoa king, arrived hero this afternoon TO- look alto
tho lnlerrsts Of the Canada southc.n, hnt hc dc
not make bis appearance at tho Michigan Contra
On motton, It uas resolved that tho Board o
! Directors bo recommended to change tho close O
The Hse4f year from jun1 10 Dec. III. a. tf!s vii
enable the oaiclais Of ths soa4 to eompleto an
annual elrttinn, giving tho shaIenoiaers . chnnc'
10 zee what hg4 been accomplished before the,
t1avu to taas upon the management The ncy
/ l51atd meets in Boston IN shout Two weeks, "hfl
iha farorife Tor President, sAoag, soEne urge th
| election Of a Western mao. Mr.. II. y. l"dyan
| will undoubtedly bc reelected nenesal 6upcFln
tundent,. his management having given untyefsa