The Centre reporter. [volume] (Centre Hall, Pa.) 1871-1940, 1878-03-21

a stormy Annual Meeting Of the
SLOckhnlderA.

Philadelphia, March ~ Musical Fund
Hall was crowded this morning with stock.
holders llncluding many from other citiesl
ia attendance on the annual meeting OF
the Ponnsy ylvania Railroad Company The
publication Of Colonel SCOTS rrpoR had
pat every body In possession Of tho policy
proposed by the "ins" and lhore was Of
course an active body of outs on hand
TO unIagouizo the funding plan suggested
by the Board OF Directors aud 20 oudcay-
."r II possible 60 secure "a new deal and
change ia the management of tho road
The sentiment Of the meeting was vchr-
mcnt against fast freight lines, the cIrTcss
lspoculatons, free passes. high salaries, or
uamunlal officials and useless and lavish
expenditures on the road aud 10 improve.
mcuts But as numbers do not hold tho
majority II the stock, this is thought oflii.
lie consequences Tho result OF the meet,
ing was substantial triumph Tor The
Board OF Directors and Colonel Scott.
Mayor Stokeley OF Philadelphia, by yir
tue Of the fact that tho city is the larEes.
shareholder In the road. was called TO the
chair, and Joseph Leslie was appointed
Secretary.
\ motion Was made by Guslayus Ro.
max. that as the annual repor: had been
fully published and sll were familiar with
il, the reading Of il be dispensed With
Numerous objections were made, on the
ground that the report was the most i'm
portanI ever prepared. and things In IL
should be explained 20 the shareholders
The final decision WAS tia, tho report br
read, ana that those present ,hould have
The privilege OF calling for explanations Of
any points " hich might be in doubt
When the mention Of general expenses
logths main line, S3i5 555 70. Was reached
a siockholder sail Il desire 20 know
what are the salaries OF the President and
Wee Presidents 90 Colonel Scott. In re-
ply, said The salArie, OF Vice Presl-
dents were $1,000. bul il has been re-
jucel 10 about $1,000 each Ny own
salary is about S2i 90. subject 70 ~ per
cent: reduction Two reductions al 10
per cent each have been made. Other
officers have salaries In main Offices irom
( $1,000 10 81 GOO Ia reply 10 question
a. 10 the salaries OF The three assistant vice
presidents, Col Scott said it was original
Ily 80 90 bu. Was now 81 suu
That portion ofthe report Fels;ive 70 the
rule OF the Empire Line having been read.
/ In answer 20 5 question how long the Em.
Ipire Line had been established on the
road. Colonel Scott explained that trans.
Iporta,ion lines were started on the road
twenty years ago IN competition with New
+. York roads, and because fast lines drew
iene by itself The Empire Line ~As
bought when j, wAA. because gFoa. d,h.t4i
~ had arisen among ,he Oh rt6ncrlrs. by
which !. los; f,r several months very
large and valuable lrAiilc. lie consider.
cd the purchase a wise operation. Colonel
scott further said he was not one OF tie
Is.ock holders Of tho Empire Line before
the purchase. He stated that the compA-
lay paid for the liae 100000 less than
The llGe cusl the original owner,
/ Col Scott was iagefroga,rd about the CT,
press business, and explained tha; other
roads had tried unprudlably % condue,
their own c1pFo., business Col. Scogi
answered all questions personally 10 re,
gard 20 any poin; 10 the report lie A.,
triba.rl the falling % 10 the business last
year 20 the slow movement % Western
. products early IN the year, the damage,
} and delay occasionea by the riots. the an.
/, satisfactory condition Of the anthracite
coal trade. competition In the oil trans,
, 'portaiion aad the general shrinkAgo ot
.busnet