New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-13
RAILWAY INTERESTS.
THE READING ANNUAL MEETING.

THE READING ANNUAL MEETING.
DECREE OF THE COURT IN THE MCALMoNT SUIT.
Mr.. GOwEN's EFFORTS To PREVENT AN ELEc-
TION ON MONDAY.
PHILADELPHIA, March 12.-The opinion of
the Court the SUIT OF the McCalmont Brothers Co.
against the Philadelphia and Reading Railroad Com
pany to the legal holding Of the annual meeting
OF stockholders read in the Court of Common
Pleas No. this morning by Judge Mitchell The
OF the Court is in substance as follows:
FirSt-George NJ Dallas master, Is appointed to call
the meeting to order and to preside its dellbera
TONS
Scond-The judges of election shall proceed to ascer-
tain the number of stockholders present by proxy
both those vino stand registered the books of the
company the time OF meeting and those registered
three calendar months before the time Of meeting.
Thir-If the president directors are prepared and
DESTROYS OF making OF the business OF the
company, they authorized 70 do so.
FOur-In the election OF officers. the votes shall be
be taken Of all stockholders registered and Of
those registered three calendar months prior TO the
meeting.
FtflIt-The vote upon pOstpOnement shall then be in
order; and II sufficient time has not been allotted to
all the business the chairman is authorized to
postpone for fOrty-eght hours.
Sira-The chairman Of the meeting shall have power
TO decide tHe vote upon a m a tO r
port the Court He shall also make special return
the Court The Court will rule upon these decisions aud
the eligibility Of votes cast, after the election.
j. b. White was agreed Upon as secretary OF the meet
The following circular has been issued, by President
Franklin GOWen, directed to the shareholders OF the
Pniladep pima and Rea ling Railroad Company:
al hold 40 present time, the proxies OF 1921
shareholders OF the company owning 10000 shares OF
the capital stock beng very considerably more than
majority Of all the shares; and Instructed to use
these proxies, and number OF additional when
will be possession OF before Monday az noon to sup
port continue the present management OF tue CON-
psny, winch has also the confidence or large hummer
or shareholders who nave not gwen proxies, bur wRo
usually attend person the meetings Of the company.
OF company bed IN London on February 4. AZ
winch 3uJo27 shares represented to take all such
action legal otherwise for and IN DeIat OF the share
and DondnOders Uf the company as may, In my jude.
be conducive to the interests OF those represented
Of the shares IL, which hold proxies, large pro-
portion however may possibly be DISTINGUISHED Dy tal-
register thai ii legal meeting or the stockholders
held Monday next, aud It should subsequently, DO
determined by the Court three months prOr regis
try essential TO confer he right OF voting II may 10
possible Of the great majority OF bona
election cannot be regarded with grave apprehen-
son ~ all who desire the Of the s
Wes,rs McCalmont Bros & Co. would be most
disastrous 10 company and that my duty
large majority OF shareholders who have gwen 70
me ana 10 tue ms a taSs al proer Legal
protect their property from the attacEs Low
being made upon being advised by counsel that
no ug4 meeting can be held ON Monday next unless tue
mdiO,ly value OF all shareholders NJ represented
have determined to abstain from attending the neetng
and earnestly request shareholders VINO support the
present management 70 absent themselves from tue
meeting Monday ana thus TO give legal eject 10 ther
wishes by making impossible for the mlDOrlIy 10 So
cure the attendance Of quorum.
and mailed to eacn shareholder within few days, aud
propose early day appear before meeting In
Phade pnia and ~ explain iuuy 10 such shareholders
ANA bOudnOldeFs may all the details
OF the plan for the tiuauclal rehef Of the company
which was being carried Out with suca renarxaUe sue
up the period at which the further action OF the
Board was temporarily restrained by he order OF tne
Messrs. McCamOnt Bros Il Co..