The New York herald., 1879-03-12

REMARKABLE AND SWEEPING CHANGES PRO-
POSED AT THE ANNUAL MEETING OF STOCK
HOLDERS NO OUTSIDE EXPRESS CARS AND
NO PULLMAN PALACE OR pARLoR cARs-ALLE-
CATIONS OF FRAUD AGAINST A DIRECTOR.
PHILADELPHIA. March IL. 1879.
The annual meeting Of the Pennsylvania Railroad
Company was held this morning. Mayor Stokley
presided and James Lesley acted as secretary. Tho
reading Of the annual report which hes already been
published. was proceeded with, when General Anson
G. Mccook objected to the further reading. as the
stockholders should already be familiar with its
tents. and one reading would not enlighten them.
He thought that il tue fault OF the directors If
the stockholders were not acquainted with the re-
port. This was amended by Mr.. Wayne Mcveagh.
who moved that printed copies of the report be
ready for distribution at the ofcc OF the company
week before the meeting for those who applied for it,
In this shape the motion carried
Considerable discussion ensued in regard to the
publication Of the report in the newspapers and it
finally agreed to refer the matter to the incoming
SWEEPING CHANGES PROPOSED.
The following resolutions were offered by Mr.. E. j.
Lanman:-
FIaRcsoved, That the President and Directors OF tho
Pcnnyivania Railroad companyarc respectfully requested
% hs fsS"s s g. a
Of ~ 2 and not rssenns & rsdas,os oa ten per
u
tacton OF twenty cent and all salaries Of and
Se and Directors OF the
a,oad Company are requested
roads which they their express the excu
sion OF a other % express conn, n"s .moy snai not
"n Ss Object Sr wScS his 1
the
~esolScd That the FiTcsidcn. and Directors of
the Railroad are respcctfaliy requested to
ali other railroads which they operate aud control their
o a ali public
Fg%G~Resoycd, rha. tho P,esidcn. and Directors Of
the & aarosa c2%psns be net to re-
the humber OF those salaries sbovs that amoant
employ q The company ~ ~ '''>'' '''
hoaors the Pennsylvania Railroad Company for 1870
and isso be and are hereby prohibited from issuing an
branches except 70 empoyss in the service Of the
These resolutions were referred to the incoming
Board Of Directors tor action.
PROBING ''IRREGUIARITrEs,"
Mr.. t. II. Parker offered resolutions requesting the
Board of Directors to investigate the conduct of
William Anspach. ono Of the directors of the COM
pany. In connection with the effort to purchase
that Mr.. Anspach had taken s0s,O0O from the
Pennsylvania Railroad Company to buy land in
$4,000 Mr.. Parker stated that he had endoa vorcd
to obtain statement from the officers of the COM
pany and had been tod sic matter was to be settled
tsatcd. He believed others were concerned in the
matter. and thought that fraud should be probed TO
the bottom and nalefactors punished He moved the
appointment of o special committee of nvestg
Mr.. John Scott, solicitor for the company, stated
that the Board OF Directors, after thorough exainfna
ton Of the facts. had concluded 10 settle the nnttor
with Anspach rather than take against him legal
proceedings. tho results of which would have been
very doubtful.
Mr.. Parker replied that he had taken hold of tho
case with Differentiation to soc justice done the
stockholders. Colonel Scott had acted all through
tho affair rs II he were anxious to shield Anspach
anddcclincd to- tkc tho matter before the Board,
thus forcing the speaker to personally assume the
responsibility. He had been unable to obtain any
satisfaction when socking information. and IL would
have taken moro than one Philadelphia lawyer to
have found out from reply that was made to him
whether Anspach paisthc inoiicv TO the company or
the company paid the money to Anspach. What Mr..
Parker now wanted an investigation wi hich would
10 10 the bottom facts.
The discussion continued al great length, and
II WAS finally agreed to lay the resolution the
table, Mr. Parker said he would not object to this
course, ~ the matter had been pretty thoroughly
shown up, and this was all ho had cd He had
determined in the interest OF the that
some light should be shed Anspachs transactions.
lie had arst underworld TO get this light privately.
and, failing In that. IL had come publicly.
Mr. Dunlap offered o resolution directing the inan-
agcment in its next annual report to set forth the