Morning journal and courier., 1882-09-14
SonrnaI gn1 Gourier.
Thursday Morning. Sept. IA, 1882.
The Air Line.

count of Injunctions-The Delay the Leasing-An Interesting Issue-Mil- Hons i'm It.
 The meeting at Middletown yesterday to take action towards the leasing of the Air Line railroad by the New York, New Haven and Hartford railroad company was made ratEer interesting, as four injunctions had been served in the interests of the opposition to the leasing. A special train arrived here at noon with 8 number of gentlemen on board, who were going to attend the meeting. That something had happened of special in- terest was manifest from repeated and ami mated conversations held between tho visit ors. The United States Marshal Mir. Kin ney, of Hartford, also appeared upon the scene representing the majesty of the law, which 1t was soon found had been invoked to restrain the voting on leasing, and it became nolsed abroad that the United States Marshal represented one injunction, while there were three others to the same object, one by the town of Middletown, one by the town of Portland and one by Mrs. P. W. Turner, of Turnerville. The legal documents held by the United States Marshal represented the injunction brought by the New York broker Hutchinson, and brought to protect his com mon stock of the Air Line amounting to i, 300 shares. Middletowns injunction was brought in the interest of the 1, 12O shares of common Air Line stock held by that town. Portland g was brought in the interest of 3SO shares of the common stock held by that town, and Mrs. Turner's represented $2O,O worth of first mortgage bonds of the Air Line held by her. Ex-Governor Ingersoll is legal rep- resentative of MT. Hutchinson, together with Evarts, Southmayd $ Choate. Messrs. Warner and Robinson, of Middletown, represented Middletown. The injunctions were served night before last upon Secretary Watson at Bridgeport, and to restrain the meeting from voting on the ratification or approval of the lease of the Consolidated road. The lease proposed is one for 99 years, the preferred stock to be guaranteed per cent per annun for that period.
 In the case of Mrs. Turner receiver is l asked for and an accounting for all expendi lures called for, based on the theory that ! there had been an entire diversion of trust l funds. The claim was made that the cou pons were primary obligation on the road [ and could not be rated with common stocl as was proposed. The several writs are re l turnable before the November term of tht 1 Superior Court at Middletown which Judge ! Culver will hold.
 l The meeting was held in the company. office in Middletown. About twenty fl v. gentlemen were present, some with proxie to considerable amount. Among thos, \ present were President Hammond of New York; A. Dupont of New York, auditor O the Air Line; Theodore Adams of Philadel phia, director; Henry G. Lewis of Nev l Haven, director; H. H. Bunnell, of Nev Haven; ex-Governor Ingersoll, of New Haven Hon. James M. Townsend, of Eas I Haven; Rev. Dr. Richardson, of Bridgeport Charles B. Ertz, of New York; Superintend | snt Franklin also g number of stockholde1 from Middletown and vicinity. AS soon a President Hammond had callsd the meetin ! to order Mir. Baldwin arose and moved tha ! the reading of the minutes be dispense, ! with and that under the circumstances an ad ! journment be taken to the same place at l p m. October IS. The motion was quickly pu and carried Several old gentlemen sseme somewhat bewildered at the suddenness 0 the adjournment until the injunction inte, ference, of which they had not before heard was explained to them. After half an hou devoted to private consultation, the Ne Haven party took the special train an were rapidly whirled away. Re, ! Dr. Richardson, of Bridgepor went up on the regular train witk Dr. Bsuel ] ton, of Norwalz and ex-Governor Ingersol l W. J. Hutchinson, the New York brokers il i innction renresenta Q o1air, tIot bis oo,,o,,, I stock of the road, ,30e shares has walt of $26,OO0 that the Consolidated and Il Air Line roads have conspired to lease tt Air Line to the injury of him and otht holders of the common stock by making | | provision for them :; that the holders of tt preferred stock have elected the director from the choice of which o wners of commo stock have been debarred; that the Air Lir road has future full of profit if the lease
 not consummated. There is much more
 the same end. The roads are enjoined frol
 ratifying the lease and cited to appear
 Hartford before the United States Circu
 Court Judge Shipman presiding, on the 19t
 of the present month. The owners of A
 Line preferred think motion to dissolve u f injunction will be granted.
 The other injunctions are from Jude Hovey of the Superior Court. They we, granted at Norwich September S--ive day ago. These writs are all returnable to tE November term of the MiddIesex county s, perior Court, beginning on the second Tue day of that month.
 1 Hutchinson allegations in his complaint
 smiled at by the officers and directors of tn l Air Line.
 Of the common stock there is about $83O 900. Middletown holds large slice of i Portland has considerable sum and man individuals hold some of it. Holders of th common stock claim they don't want to ''gt left' that if the lease is made they won get cent; that the $83O, 900 will be wipe out This they object to and claim that has value. and with the prospects of tn line ahead will be worth much.
 It is evident that the stockholders at th meeting yesterday were 'armed and equiI ped" ready to decide the question in fave of leasing. The opponents to the lease cit the great improvements that have been mad on the road ''since the New York road an Superintendent Jo. Franklin got hold of it. and pointed to it's future as one of ''unrait ! Sateu prosperity, MrS. Iaft1nSCOn expre sion that an elderly gentleman, one of tt excited opponents to the leasing, accidental made use of yesterday while talking on tt depot platform just as the train had returne from Middletown. Anyone cognizant of tt matter knows that great improvements ha,
 been made. The Air Line is largely ste
 railed. Itshas good ballasted road bed an
 rolling stock, and there are many other in
 provements which it will get if the Consol . dated road gets it. It pays tl ] l holders of preferred stock per cen F. and strange to say they would like to 2, D six. The arrangement now existing betwee
 the Consolidated and the Air Line is, as mos = are aware, pooling arrangement I'll
 Consolidated has not yet adopted it as one
 its children, but thinks of consummating ths
 step by the leasing. The first pooling a rangement with the Consolidated road we
 one of per cent. In six months of 1880
 resulted in an income of $132, ,692 57, agains
 actual earnings of $76 235 87. The arb:trs