New-York tribune., 1879-03-12
TIE PENNSYLVANIA RAILROAD.

ANNUAL MTETING OF THE sToCKHoLDERs-A RE-
DUcTIoN OF SALARIES AND The BUILDING OF
EXPRESS AND PALACE CARS ADVISED.
PHILADELPHIA, March 1.-THE annual
meeting OF the Pennsylvania Railroad Company was
held this morning. Mayor stokley presided and james
Lesley acted secretary.
The reading Of the annual report, which has already
been published, was proceeded with, when General
Anson g. AeCook objected to the further reading the
ground that the stockholders should already familiar
with it contents and reading would not enlghen
them He thought tha 1t the fault of the directors
II the stockholders not acquainted with the report
Mr. Wayne MacVeagh moved that printed copies of the
report bc ready for distribution at the Office OF the
pany week before the meeting for those who applied
for It,
In This shape the motion carried.
The following resolutions were offered by Mr. F.. J..
LanUan:
FUst-Resoired, That the president and directors Of
the P,nnsy lyania Railroad Company are respectfully
requested make tne follow ing reduction in the sa-
ries II the employees OF the Pennsylvania Railroad Conn
pany On salaries Of 81 200 and not reaching $1,000
fouuctloh OF 10 per cent; on salrc O $1,000 and
reaching $1,000 reduction OF 90 per cent; and al
Salaries or $1,000 and above reduction OF 80 per
Second Resoired That the president ana directors OF
the Pennsy lvania RairUal Company respectfully
requested TO place mon the Pennsylvania Railroad and
all other railroads which they operate their own press
to the exclusion Of All other express compauies that
they sDa not purchase ihe Adams any other
company tO attain the obect for which this esOlu lou
Oneied namely that they shall build. furnish and equip
th- own express cars to be run In me interest OF the
shareholders Of the Pennsylvania Railroad COMPANY.
Hirf-ReSolred. That the president and directors OF
the Pehnsylvana Railroad COMPANY respectfully
requested 10 build and place upon the Pennsylvania
Railroad and upon all other railroads witch they
operate ana control their own sleeung. parior and
palace cars, 10 the exclusion of the Pullman Company
and all other public aud private companies
1G5om-RsSored, Inat me president and directors o.
The PennsJynnia Railroad COMPANY be ins ruced 10
report AT the next meeting Of the stockholders the
Der oi empoyes who receive a salary Oi $1,000 an
mum and the number OF those receiving salaries above
sueCitiC
each officer In the employ OF IN" company
Fnt-Resolusd That the officers elected by the stock
holders oI the PENNSYLVANIA Railroad Company for
1873 I'd 1850 be and are hereby pohuiied from ssu
in annual or rip passes over the Pennsy .vania Rail
road or branches kept to employees i'll The the
c0mpany and then only when on business OF thc COM
pany
OF Directors for action.
Mr.. L. T. Parker offered resolutions requesting the
Board Of Directors to INVESTIGATE the conduct OF Will
liam Anspach of the directors OF the company, in
connection with the effort TO purchase the Nichols Rope
tract The allegations were that Mr. Anspach had
taken S950OO from Pennsylvania Railroad Company
10 buy land la LuLerne County, the price of which
Land Mt $4,000. Mr. Parker stated that he had
cuuCayOreG TO UOtaiH statement from the officers Of
the c)npany and had been told the matter was to be
settled. He requested that the matter be thoroughly
ne 1cHcfou "tHerS were cOnccrueu ID tle
matter ana Thought tat lraud should be probed To the
bottom aud maactOrs puniSheds He moved tue ap-
p9lntment OF special committee Of investigation;
AF John Scott, solicitor for the company stated that
the Board Of Directors, after thorough examination Of
tue facts, had concluded 10 settle the matter with
Auspacu rather than take legal proceedings.
Mr. Parker replied thar lie had taken hold of the
with determination to justice done the stock
holders. Colonel Scott had acted all through
the affIr as II lie anxious to shield
Anspach and declined to take the matter be-
fore the board thus forcing the speaker to assume
the responsibility. lie had been unable 70 obtain any
satisfaction when seeking information, and ii would
have taken than one Philadelphia lawyer 10 have
found out from a reply that made to him whether
pach paid the money TO the company, the com
panY aid the money 10 Auspach. What Nj. Parker
now wanted was an investigation which would 20 to
the bottom facts
The discussion continued at great length and II
was finally agreed to lay the utiOn the table.
II unanimously agreed that hereafter stockholders
only shall be admitted 10 the annual meeting, and by
cards issued by the directors
After tho usual resolutions of thanks, etc. the meeting
adjourned