New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-17
RAILROAD INTERESTS.
DIRECTORS MEETING IN HARMONY.
RESOLUTIONS ADOPTED BY THE MANAGERS OF HAN

RESOLUTIONS ADOPTED BY THE MANAGERS OF HAN
NIBAL AND ST. JOSEPH YESTERDAY.
The Hannibal and ST. Joseph "cOrner" con-
nues unbroken The last sale of the stock
terday 100 shares $780, and the closing quotation
was 500 bid and offered at 400 special meeting OF the
Board OF Directors Of the company held yesterday
The meeting was called by President Dowd nearly week
ago at the Of OF the members of the Board
All the directors except III. II Cook. who absent
from the city, were present They william Dowd,
president; Myron p. Bush, Buffalo, vice-presdent;
Jay Could, Horace Porter. Enooh Pratt, Baltimore;
Eihu Root, Russell Sage and william Hutchinson.
The following resolutions passed unanimously:
Resoiced, That the action of the officers of this
pany upon the demand OF Henry r. Wilson, for CONVEX
S 1 9t on in the questions raised by hdt
hereby is apprOved and confirmed.
Resolsed That it is the desire of the company to con-
there is legal right 70 do So and that the officers
authorised make such conversion in of decision
favorable to the right
These resolutions offered by Mr.. Root, and
onded by General Porter; they received the affirmative
votes OF all In consequence of the general be-
lief that OF the directors have been caught short
of the st OK and that others largely interested in the
operations of he pool had been expected generally in
Wall Street that the meeting would be stormy On
the contrary it said to have been exceedingly har
monous director of tho company said after the meet
ing:
President Dowd and his friends appeared anxious
only to propate Mr. Gould and Mr.. Sage, and in fact
MI Dowd was hardly restrained from apologizing for
certain remarks he b ad made concerning tim. The
matter was allowed to drop the pretence that Mr.
Dowds remarks had not been reported correctly The
President in conciliating mood and the other
side Mr. Gould and Mr. Sage hal purpose in not Offend
ing any Under these conditions the meeting. OF
course was harmonious. Mr. Sage made alluslons
complimentary to the counsel of the company, Elihu
Root who is member of the board. and at his
ton Mr.. Root proposed the resolutions that
adopted Satisfied apparently, with having carried
Important point Mr. Gould was willing that the meeting
should adjourn,
understand. however, that and Mr.. Sage pre-
pared themselves Tor contest and that in anticipation
the board think, too, that peepiug out OF Mr..
Sages pocket resolutions that had been prepared
In regard to the exchange OF preferred for common
stock may be mistaken, possibly, in this, for the
resolutions not offered. The meeting resulted a
partial victory for Mr. Could and perhaps 1t thought
best not 20 push the advantage. 1t victory in this
way that Judge Davis should decide tomorrow that
the per cent bonds convertible into common stock,
President Dowd cannot longer refuse issue the stock
IN exchange for them, and then the corner will be
shattered to atoms"
Is there any probability of this decision ~ TIE TRIB-
UNE reporter ked.
" should not be surprised No. sir not II that de-
cision made tomorrow morning"
President Dowd said recently, referring to this sub
ec that the officers of the company expected that the
courts would decide the conversion be Illegal the
ground that the time for such had passed
He said that general law OF the STATE of Missouri
PEELED the of bonds OF corporation
ing convertible bonds within from The date of
their issue.