New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-04-24
RAILWAY INTERESTS.
Mr.. GOWEN EXPLAINS.
ATTACKING THE MCAIMoNTs IN THE PHILADELPHIA
ACADEMY OF MusIC-wHAT HE PROPOSES TO DO.


ACADEMY or MUsGc-wHAT HE PROPOSES TO DO.
PHILADELPHIA, April 23.-Ex-President r.
b. GoSen addressed large assembage Of stock and
bOndholders Of the Philadelphia anu Reading Railroad
Company in the Academy Of Music this evening. E. g.
Whelen, who acted president Of the annual meetings
OF the stockholders for years and until the last annual
meeting was chairman. Mr. GOwen was greeted With
tumultuous applause mingled with cheers.
He began by saying that twelve years ago he had ac-
eeped the position Of president OF the Philadelphia and
Reading Railroad to the health Of the then presi-
dent but had the speaker been able that time fore
see that the whose health he was trying to savo
would turn against him with the violence OF an migrate,
ne would never have accepted the position He then
gave history OF his connection with the road,
In the course OF which he said that In 1875,
because the McCamonts failed 20 keep their contract
the stock went from ~ to 22 through the dshonOrabc
conduct Of men who had received sl2,000,0O0 In diyt
dends from the company. And these the men," added
Mr. Gowen "who are now trying 10 turn ont the Board
under whose management those dividends were paid"
The speaker would say 10 the McCanonts that had IL
not been for those very whom they now try TO con-
vict of ibecity they would have had no property to
fight for In speaking OF the late Adoph +. Borie, Mr.
Gowen said that this side OF tho Atlantic out
side an insane asylum or lawyers Office,
could bo found 10 slandor him; and "a white
nvcrcd scoundrel named G.. ". Powell was
imported from the London stock Exchange 10 attack
tho reputation Of Mr. Borie' The maximum fixed
charges ~ tho looking 20 the future would be
$1,000 600 per Last tho net earnings were
Ss,s6i 900 lie lkened tho Reading Railroad Company
to ship among the breakers and said that there were
men IN Philadelphia who have been on the shore burn.
ING faso beacons and trying 10 get aboard the vessel
10 insure her destruction He feared that the company
had aboard tho ship one or two officers that were IN
league with The wrcckers.
Referring 10 the recent decision OF the United states
Circuit Court Mr.. Gowen testified 20 his belief IN the
ungcsuonhhe integrity and sincerity o purpose Of the
Judges, and added that Mr.. McCalnonts counscl
hnd endrayOrcd 10 their utmost Ia wreck the
company. !. But" said Mr.. Gowen. - ten
you a. would them, that they can
not do IT, Ircmcndons 2TPa,nssc "TodSy 70 ,he
Suprne Court ~ tho United states hnd we believe that
appeal viii he -u-'nircd' Appnus' IN di,cs-ing the
Tsgent 2cJt SsGuo % @G s'r thu isd cty t' and Mr.
Green and oihcrsof New York Ind gone 10 london, aud
management ii" read the nance ot be r.sht{ elected
rival management dhc McCalmontl ltondl, ana
stated that they Ind all bought thcir SharrS frqm
twenty 70 hhy shnrrs each. since last Deccinhcr ne
ridctlcd the card that MAJOR Bond published to-day de
clarir yhat be, aud not Ar GOwcn Is president o the
Nj Govcn next asserted that the whole opposition had
been gotten mp :" gc rd oi him 40 thnt tnr llhg ON
of the Pennsylvania Railrond Company, not through
lie charged that Colonel Thomas scot hhh cnrrupty
brhed the Councils of PHILADELPHIA for inc purpose "i
defeating bill before those bodies granting rights to
the Reading Kond; that 90" ICnhry wanna hallr9ad d
Company had obtained mile t the Junction
Railroad By fraud. thus cutting thc con
ncction ~ tho Philadelphia and Reading with the
South that tho Pcnn~yi i,ania Railroad company, TO
the object rom utlik unhil''l I'I'
Inc plilad,phin Wilmington and baltimore Hallroad
Company az price that Il equal to $1,000 Op year on
business that last year only amounted M gross 10
~ 100000: and that the oil trade when
,gaz worth 10 pcr cent per nunun 70 inc
four trunk lines II 70 had been properly handled. had
beer ruined hy tho PrnnsylvauiH Railroad Company
manUuyring With the standard ou Company. carry ing
nl over 100 miles for 10 cents per Dbl whrn tcort
about 90 ccnis barrel To carry It, this vast
sum equal iu y per cent the capital stock, being
thrown away a to make the Reading kalirnad
COMPANY loo, ~.iO0OOO ON this point VT tio"en r'-
marked that The standard OH Company had butt Pipe
line ~ IT, own and s actually shipping oil over The
Reading Railroad Instead OF over the PENNEY lyaniA Ran
rnai. 49,. -, a.,
several months before the. riots at PittshnrT' Mt
GoVcu snid the Pennrylya Railroad Company hah
annie and accurate ,lirncc of the conspiracy that wAt
on foot among the Railroad Engineer Brotherho"l n
fook no strra to protect it-rf. On tho dnj
,he ri1t occurred ~ I1itshurg only one mar
,uflo,cd hy tho Reading Railroad Company was ahsen
from 4 poet In spTakiug ~ the ennrt Ia ct ne l"
bu thfnngh thc P,lnsy ylt ana Legislature Nr Cove
said that hi- hearers would hold np thclr manu-
In horror II De- vcrc 10 reveal What. nc
di-c,,, erred through Mr Pnkrrton o. New YORK
about ilrira up n courts ana now hrN hf'
raid fn rrui, fn-c Nerrfs and how and 10y whom th'
IN, and state I4r.iaturcs set mp and paid "r cor
rlt iiuu H. declared that railroad -i", khodr ~
arr in gr tef danger ny from corrupt interference n
.ltion nud politics by their Officers ana manhgtr-
than f.uu any other rau.r lie r"hrilh'h 10y r'usrAih
th, h, belle cI tha within few W'rk- or months nI
nnrt vii h, undc purc hn-c tho share ~ the x, ,din-
Railroad Company in me Interest ~ ih frnnsy " anna
T,lroaI COMPANY and ht urrlng the holders "a retain
fl,r -ar- nnd ly Promising to % main Wh r. me- u d
.r- sooner turned put hs the Court untu me company
- rlly turned over safe and SOUND 10 lH TlShuu
ovnrr-. Mr. Govcn began speaking at 10 anu con