New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-22
RAILROAD INTERESTS.
A STORMY MEETING IN LONDON.


ACTION OF THE SHAREHOLDERS AND BoNDHoLDERs
OF THE NETWORK PENNSYLVANIA AND OHIO
RAILWAY COMPANY.
LONDON, Dec. PLAT the meeting OF the
shareholders and bondholders OF the NewYork, Penn
sylvania ana Ohio Railway Company to-day the large
hall OF the Cannon Street Hotel, capable OF seating
12OO persons closely packed. On Mr.. Lewiss as
Stunning the chair there considerable uproar, ana
Mr. Lee moved that W. smith, secretary of the Lon
don agency, take the chair. This motion was negaVeu
by show OF hands amid confusion, each party ac
cusng the other Of packing the meeting
Mr. Lewis expressed the hope that the bondholders
wonld not be led away by INSCRIPTIONS schemers He
asked why the report ignored the great in tra
&c during the last few weeks The voting trustees after
some years Of hard work had intention OF retiring
That practically the ISSUE As regards the vot
ing power OF the party opposed the trustees namely
Lord Bury, Mr.. Lee and Mr. Taylor, they had on the
aith OF the report OF Messr Airport and SwarDrick Sc
cured Votes representing 900 first mortgage Donds
and 100000 second aud third mortgage bonds. Inc
voting trustees had received 100000 first mortgage
bonds aud 900 900 second aud third mortgage bonds
Mr.. Lewis moved the first resolution, which dlsap-
proves the commuters Recommendation against
applying the earnings OF the road to the
part payment OF coupons and the issue OF deferred war
oppo H 5ne TO Unpaid tb BALANCE aod 9y arped
imOusH MI. Airport justified the poait0n ne Dau
ne declared that the manager In America s was
erty was complete fusion with the Erie road ,.
Lord Bury moved an amendment TO the second resoli
ton The amendment declares in favor OF certain
recommendations contained in Mcssrs. Airport ana
Swartrlcks report II suggests the formation OF com
mttee composed OF Lord Bury and Messrs Taylor ana
Lee with ul power to add to the number to select the
necessary trustees. Lord Bury declared that nothing
hau been done while the present trustees mad been IN
ONCE. The amendment negatived. A poll was de-
manded, which was fixed Tor December 81 An amend
ment was also introduced against the third resolution,
approving close ALI nce, but deprecang lease TO
the Erie Company, because lease would create
change prior the payment of interest the mortgage
This amendment also negauved and was referred
10 ballot MI. Lewis charged Lord Bury's committee
with being In collision with Mr.. McHenry.
On moving he first resolution Mr. Lewis complained
bitterly that Mr. Airport mad not become hitn trustee
according TO the under which he went 10
America He considered that tue report was one winch
any business man could nave compiled from inc same
data He had expected recommends ions from experts
Instead OF deductions from calcutta or. ThO chle1 re-
commentator In the report the dlspacn OF an
English accountant, which would proOaOy cost 4o,OOO
yearly
Mr.. Airport denied that he had recommended the de,
spatch OF Engs accountant but said he mad advised
the separation the accOuntancy aud secretary ship
He justified his refusal the trusteeshp the grouhd
OF great differences OF opinion Cne present trustees
who, he said. were cerinly not practical Railway men,
He nad not broken nls contract for tue journey 10 Amer
lea had been settled before he heard or proySo that
he must subsequently Joiu the trustees