Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-01-10
READINGS ELECTION.

READINGS ELECTION.
The cnANchs IN FAVOR OF A GowEN
Adjourned Until Today at IOO'Clock,
and Promises to Adjourn Again
Until Tomorrow.
Until nearly o'clock yesterday the
Reading railroad stockholders meeting
wrangled over the consuming of the time
in reading the report of the directors. Mr..
Gowen would move to dispense with it,
the chair holding that g il single objection
must prevail, and the reading is necessary,
if single stockholdcr says he has not
seen it before and insists upon it's being
read now a young man named Young,
who said he Lad once been rudcly treated
by Gowen insisted on it being read " to
spite Mr.. GowcD," and the chair uniformly
ruled that it must 90 on. The chair
would entertain 40 appeal from Gowen'
and held throughout that lie was the ap-
pOintee of the court and not of the meet
ing.
Finally Mr.. Lockwood said "Will the
The chair has made one decision that the
president of he company may finish the
reading of anything which he chooses to
present as report Now, Major Bond
omitted nearly one whole page OF his read
ing. have followed his reading, and fol-
lowed it closely. Now, therefore, l ask
that he go back and read that page that
is, following out the decision OF tine mas,
ter. II Major Bond may file any reason
for not reading any part of the report,
then | shall not object but ii he must
read whatever report is to be filed, or flies
a reason for not reading it, then ask that
he read the report, or file his reasons for
not doing so. That is plain English
The Chairman. The chair decides the
point of order to be we'll taken. If there
is any objection to the omission of any
passage in the report the passage omitted
must he read:
Mr. Lockwood Then ask that Major
Bond return to page and read al! the
figures contaile! Oh that page. (Laugh-
ter.)
The Chairman. The chair rules that
! the president of the company will read
fully any omitted parts of the report, SO far
as he intended to file it with the master
as his report read. If the president means
to strike it out lie is not required to read
| it. Ii he means to file it as his report it
shall all be read.
Mr.. Lockwood. On page g, all the iis
ures but the footings.
| MIR. Bond proceeded to read page Of
The report amid cries of Louder
Loulcr"'
Finally the reading Of these reading Of
these figures and dry statistics became
distastefuI to everybody and Mr.. Bullitt,
| of tine Bond counsel, stated that he de
sired it understood that he and those
whom he represented Lad not had any
part in the objections offered against sus-
pending the reading of the report. If it
could be satisfactorily arranged he would
be glad to have the election proceeded
with. After considerable discussion and
a few sharp passages between Messrs.
Gowcn and Schactfer, it was unanimously
agreed to proceed with the election, Re-
cciver Gowen renarking that Instead Of
a speech he would make his answer to the
Bond statement by proxy, ''of which, lie
! said, 81 have about 300
The first vote cast was offered al 2:lO
p. H., and, without objection, Is votes
were accepted. The fourteenth was by
William II. Steyeson for 10000 shares.
Counsel for Mr.. Bond objected to the &C
ccptance of the vote unless Mr.. Stevenson
would first take an oath that he was the
bona iide owner of the stock After much
argument between counsel, the judges
of the election decided that they had no
power to direct u stockhodcT, whose name
appcaie ed en- the roster as tho owner CT til Q
stock, and who offered Limselfin person to
vote it, to swear to his ownership Of the
stock. The vote was thcrcupon accepted
and an objection entered b. counsel for
tho Bond party. This settled one of the
most important questions connected with
the election. Votin. Was then continued
When 50 votes had been received, at 3:20
p. H., there wasa pause, and the judges
announced that they were waiting to re-
ceivc any other votes that might be offer
ed. Thereafter there was lno line in
waiting, but the voters came up in
ones and twos. At 3:30p. III. so stockholders
or their proxies had voted, the great ma
jority of them, Judging from the tickets
deposited, being for Gowen. Nothing Of
great interest Or Importance characterized
the proceedings of the election after the
judges Of the election decided that they
would accept the Votes of those whom the
official register bowed prima facic to be
owners of the stock voted upon. Counsel
for the McCalmont.Bond party flied a
rumber of objections, which will be
referred to the court in the mas
ter's report and be then disposed Of:
There were objections by Mr.. Bull
lit and Judge Green to tho reception of
the votes of L. II. Taylor & Co., 400 shares:
Fisher & Brother, 500; Barnes Brothers,
l09; David Bauman, 500; Bates & Coates,
agents, -; William Bond, 400; and d..
Blackburn & Co., 400. Mr.. Gowan OBJ
icctcd to the vote Of Charles Parrish,
$685. shares, as proxy for H. W. Palmer,
on the ground that Mr.. Parrish, he had
been informed, had sold 3,700 shares of
the stock since registration closed. Mr.
Gcwen remarked, when filing his excep-
ton, that lie did 50 merely to be
in position to use the same sort
of objections when the proper time
arriveed, that the otl,er side was getting
ready With. The last hour was oc-
cupicd in receiving proxies offered by Re-
cciver Gowen. mostly for small number of
shares. OF these proxies he held about
1900, while Mr.. Bend has 300. None of
the proxies for very large blocks, such as
the McCalmont or Vanderbilt shares, were
voted upon, the alphabetical call not bav-
| ing gone as far as names commencing with
3.
| Tie total vote cast for Major Bond S
ticket foots up about 5000 shares. Re-
ceiver Gowcn's aggregate vote for tho day
is something less than 80. 200 shares. The