New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-05-30

This elected The cutire Hart ticket 10y maiories IRON
1926 to 81 1876. Captain Babcock receiving the entire
vote pOlled.
While the counting Of ballots was in progress, the OPP
poncnis Of Mr. Hart loud in their donuucauou OF
him for what they termed uelchuy II was
claimed by Mr.. Phibbcrt Of Warehouse * Co.,
that as late os o'clock on Tuesday Mr. Hart
and his friends pledged themselves to support tie
eight names leaving the ninth name open for free COM
netition and had declared that Panama man SHOULD
DC on the ticket He charged that Nj Hart had In
violation of pledges given, started new ticket thus
proving trcacherous to those whose plans and proxies
had been exposed TO him in the belief that he would act
IN good faith Mr.. PhhbtVt at times was very bitter in
bis remarks and lie declared that he did not desire 10
affiliate with any who would support those who had
wilfuly lied ant otherwise shown themselves not TO be
entitled to be called gentlemen.
Mr. Hart stated a TRIBUNE reporter, that he de
serted the ticket formerly agreed upon only when ne
found that there disposition 10 break iath Win
tim. and his friends, and to deliver the mana-cmch' OF
the company into the hands OF those who would not study
Its interests He further said, Il am the
heaviest individual holder OF stock in the Com
panv and 1 could not afford to see my
property sacrificed. l own 2l,5OO shares Of
Pacific Mail stocY for some Of which pad as high as
30. and when became convinced mat those whom
i had intended 10 supuort were rushing about CRYING
down The stock 10 gel possession OF proxies, and san
NM G Sf fnd a c9iTcT lew tbci be Voted fr to
be composed OF gentlemen of wealth and lfacurt WHO
the interests OF Tie Stockholders We selected such
ticket and its success has worried some |h.sg
m misnG, nave T.to T" OF ain abuses irto eXI,
ng-and to mat end clean fT,'P yuH Wj c'
transportation will De elected president and We
nave mo- doubt that We shall bc able u pu The company
on a sound basis / in favor OF paving the
debts of the company IN lul and the new w",-rMthi
propose TO pay TIC amount due tie Panama Railroad
Captin BIbcock ii is stated has consented to ac-
sloCteo al meeting Oi tie new directors 10 DC htI" To-
morrow.
PRESIDENT CLYDE'- REPORT.
The annual report o. the compauys affairs presented
by William F. clyde president, that when the pres
snt management assuluedcoutro the company was Tor
All practical purposes, bankrupt being totally without
money credit Its property under MORTGAGES amount
Ing TO two and half millions Of dollars The bonds rep
resentng such mortgages, for the most part hlFg'Hc
Gated at half their fce value a. colacrd' Tor d'pi~
past due; The stores fuel aud supplies oil inc co"'''l
AZ San Frau'isN'i under secure M I'd, ,l,..
or marshall the business o. the company
York and Central America. suspended and these I"d'r~
snip Company, through exclusive contracts with IN,
Panama RAILROAD COMPANY, running Over IL l'.' . "i
va u''tE fDSgitrt Of which inyGlytd lar.
loss and serious peril 90 the ships upon tNrN vow
So ~ Sam Travcl.rn uicuiuei fo want Of proper
repairs, and the ships OF the company generally need
At the expiration OF two years, Mr.. CLYDE says, The
credit Of the company has been rr,-th-hyd, It's sil-
have been put IN good orcr. and the contract OF Tue
Australian hue bias been so modified 70, 70 make IL vain
able instead Of hurtfui; and notwithstanding Ihc
loss OF the China subsidy winch the company mad cu-
jOycd for ten years the liabilities nave htc reduced ana
IL debt arranged a. 10 injuI, -I4ddt' over PERIOD
s,I,., ,rT, In. I-I,i,rJ safe. Mr. Ivd, saws:
Mis labor ha, been expended in the onpii To- induce
the Government Of the United stajesto grant I" N"W
company, III common with oiAer carriers o. NE mas
by sea, such fair n-;uon. o. d pays l"
land carriers. The earnest coUp.rtlon OF the
manufacturing, industrial and financial oretniI.-
TONS o: the country have been secured I'D 'u'-
this object, bat d. this matte r "hcA
gave good promise of successful issue, ha, been inter
uouS, 81 'cnatic attention an Washing. pu.'
The statement OF me present hnanc'a cona 10, l."3
idclu 'in4 $4,000 lM paIEa5n,i", Tlioo.oo2
Panama Railroad loan, s-o3,.-2 NJ a4III'a t,
due 10 the Panama Railroad Comranl, s39oG3 unpaid
bills Frauci-cO, So, "Ol unuad b, Ia Nc"-1o!A
and Ss55-5 Ncw-Yo,A taxes Of l-71. ,...
The assets On May l. not nciuiins me steamship prop
stated at s577,a@3 ms includes sllo.oe7 due
s s5Gm "se aac ron rao ,S sI2ocl5 u d9c
from British Columbia and Central American!
goyelnments. S2Gi25l cash on hand at agencies, ALd
S25I sjJ2 outhts ana supplies al Agencies
THe following uOtc Is ahGci 20 the statement:
Outstanding freight and passenger earnings
canned. but entered To ArIIl 80, ISIS arc
not Included the above statement. and are ~ ,,,
Bills payable have been reduced since April 30 ,.,..o
UhPai4 bulls At NeYciL ana SAN IraGc,co have
Assets have been reduced by. .
Amount collected from Mexican GOyerIm Mt 10000 90
Amount collected nom railroads .......-- IlVOj 90
Tie company Owls Is iron propaer-, wooden side
whC'lor', steam tugs, store-Nip, ana 80 lighters
$l3 gJi 81. OF tins number the vessels OF Inc ran
anna Iraus steamship Company cost El,lVO'ooJ., me
Great Rcpublc, "A vessel OF 1870 tom, winch
Is put down a. costing the company SlOj- 23I y was
recently sold for $4,000 Ihc real estate "LSINe,
and buildings OF the company are g2W a. lh'f cost
and not actual yaIuc at a total Of SlolGs1i 30.
--
HEAVY SALE or DUMESIIC GOODS