New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-19
HOT WORDS IN A RAILROAD MEETING.

HOT WORDS IN A RAILROAD MEETING
HANNIBAL AND ST. JOSEPH STOCKHOLDERS EXCITED.
The stockholders OF the Hannibal and ST.
Joseph Railroad had. i'll this city yesterday one oil tue
hyecst railroad meetings held here for long tme W.
b. Leanord presided and called upon President Richard
for statement in regard to the company fresuen'
Richardson was looked with great dsfavor bS many
Of those present, and when he cad that the 'oad
was good property. and he believed in year he eoua
make 1t pay dividend preferred stock. there were
murmurs OF discomfort, and the remark, We nave hau
quite enough OF your management"
Mr. Richardson said "Oh. you men can talk very
loud now and call Richardson jay Gould man. but not
one Of you would put up dollar TO pay the ihdcDteu
ness of the road ma have done" The suit for re-
ceiyer he added was brought solely Tor pachnai Pu
poses
Mr. De Jonge-" Did you not tell me three days ago
that the road could not meet its paperi
MIR Richardson-'I asked you 10 aid in meeting
draft 900 rails and Won refused to advance
dollar. and put my money in bank and paid IT.
Mr. De Jonge-" Did you not pay yourseH Dack on VI
the money of tne rOadF'
Mr. Richardson" Yes sir. In August and September
paid the interest and ask any favor from any OF
you"
Mr. Hartshorne-" think things have come 10 pretty
pass when our tell us they don't care Tor u.s.
Mr. Eaton attorney for the land department sald 'he
suit for a receiver brought by Morse Tor baehmai.
Judge Grubb OF ST. Joseph. was felt on the SUBJECT ana
declined to entertain the petition" and tne case was
filed in an obscure part of Missouri On the day Wheh
the petition ded and before judge Broaddns had
| read the papers, he asked MI. McMnleh' ~
| Cnillicothe, TO act receiver The petition al,
legged that Benjamin K CTveI former general
manager of the road. bought up the Missouri Legislature
with $4,000. and that he and Colonel slngetoh OF
| Quincy, Illinois, coDspred together to purchase tl9
! kIchisOn branch Mr.. Eaton charged mat morse nlu
| offered to withdraw the snt Tor 5000, ana ,nat
ex- Congre ssman Pollard, formerly partner Oh Judge
| Broaddus had offered to settle the case Tor
800 On Mondl ~ last the Court refused 10 appoint
receiver and on Wednesday reversed that decision, re-
opened the and upon statement 10y MI iatlrop
Treasurer of the Land Department, that he hdq ior
waided TO New York, tine order OF the President
$500 900 Of land certificates, appointed Siuh'y 'o"H
secretary Hilton stated that the cash on hand was
Sl59OOO the floating debt August /, was @-'OooV anu
n loan Tor 100000 was made september 1. Sihce
August the Earnings had reduced tne debt r|1oOo
The 800 900 land warrants forwarded 10 New 1oIH,
| were dtrosicd with he Union Trust Company 10 pay
| the September interest, and held ny FranS
Work collateral Tor the 100000 loan MI l'chdin,
rl that ne gave Frank WORK tht no'e OF az IU1
for $3.50 900, and deposited a. security ~ 4oOObo huh
ing fund bonds before issued, ana $oOOVOO lau
warrants. -, -. 80 $500.
sty Tor nis extraordinary loan by President Rlcn3ru
| s,T He had been a director only six NeeAs aul hdd
never finances managed as loosely as by the Officers
Mr. iIarts orne became excited and said These col
laerals should remain in the hands OF jaw Gould
another day. and VIII gave @lOOOO toward RAISING TUG
/ $4,000 10 redeem them
Nj Kicnaruson-''I Will give The same amount
Loud ironical lausher folio Ell Mr. Richardsons
and resolved that the Pre- sdrnt had
SHOWN inability to protect the stockholders interests
| aud ne was requested % resign as President ana
| director Whcn the resolution was adopted MT Haiis-
| exclaimed: Thank GDI, ,hcft are sObe houce
men left IN the county and Jay Gould d0rs mol own me
city" Loud appaus-I The following committee 70 al
win and control the directors was apPouleu w
Weld W g. Bss j. DE JOnge, j. NJ Harisnorne, D. Han
| garten aud W. g. Leonard. the committee was III
structed TO appeal from the order appointing receiver