The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-02-22

centaGe for itself, and a satisfactory adjustment
promises to be a work OF sons delloacy. me
Chesapeake u Ohio also puts in a claim for more
satisfactory ARRANGEMENTS to obtain a small
share, at least of the New York passenger busi-
ness.
THE I. & ST. L. ELECTION.
The stockholders of the indianapolis & st.
Louis Railway Compauy yesterday held their
first annual meeting. and elected as directors the
following gentleInen: j. Fl. Devereaux, Stephen
Burke, James Barnett, Amos Townsend, E. B.
Thomas, George H. Russell, of Cleveland, and
John I Dye, of this city. The entire stock, 5000
shares, were voted, mostly by proxy, Albert 8.
White, general agent of the Bee Line, and John
EVAN, superintendent o. the indianapolis dIvi-
sion OF the Bee Line throwing a large per cent of
the vote. 1t is NOT likely that this board of direc-
tors VIII act for the ensuing year, as it Is well I'M
derstood that after the annual meeting OF the
Cleveland, Columbus, Cincinnati Il Indianapolis
railroad Company, which occurs March 2, the
whole system will become a Vanderbilt inst1tu-
ton. really being only partially so now;
situation state that the two roads will be eensol-
idated and under one directory, and eight of the
directors will be Vanderbilt men through aud
through. Still, going through the form of an
election yesterday was a legal necessity.
THE vANDALIA LEADS IN 1882.
N. S. McKeen, live stock agent Of the Wanda
liza, has just published his annual report for the
year ending Jan. l, 1882, which shows that
there were shipped ever the Yandalia from East
st. Louis Ash carloads of STOCK; over the In
dianapolis & ST. Louis, 3,s16; the Wabash, 2,727;
Chicago & Alton, 1888; Ohio & Mississippi,
1900. The movement over all lines was lighter
than in 1881, as follows: Vandalia, 1882; 1. &
st. L.. 2,92S; Wabash. 1 500: C. &c A, 1910 o.
IL M, $50 less carloads. During che year there
were diverted from the Vandalia to other roads
9fS carloads of cattle by order
Stock Agent McKeen says: "5ince the pooling
system was first lnaugurated at ST. Louis we
have never been compelled to ask TO be 'evened
up We have always been over and never
short This claim cannot he sustained by any
other pooled line. Although our percentage in
the pool was increased during the year TO the
extent Of 900 cars per annum, we have demon
strated our ability to protect a still larger one
(percentage), and IN equity should have It." or
the stock the Vandalia brought into IndianapO-
liz, 3,623 carloads we're delivered to the Pitts
burg, Cincinnati & st. Louis, $50 to the Cmcln-
matt, Indianapolis, st. Louis IL Chicago, D to the
JeffersOnville, Madison & Indianapolis, IS TO the
Bee Line, 315 10 indianapolis proper. During
the year but 20 carloads were delivered to the
Illinois Central for the Chicago market
A NEW BOARD OF DIRECTORS FOR THE c., 1. &
ST. La
Special to the Indianapolis Journal.
LEBANON, Ind, FEB, 2l.-AG d called meeting
OF the stockholders of the Cleveland, Indiana &
st. Louis railroad, held here to-day, a resolution
by an unanimous vote was adopted removing
John Lee, president, and the entire board of di-
%rectors. The old management have shown an
utter iucapaoity to advance the interests of the
enterprise, and the stockholders took this SUM
mary means of dIsposing of them. The meeting
was presided over by James Nealis, a leading
capitalist and business man, and he was ably
seconded by the most prominent men in the city
and county. The contest was a very bitter one,
the feeling against the old board of directors be-
ing anything but pleasant. After deposing of the
old managers the stockholders elected an en-
tlrelV new board of directors. with the fOllOWluR
Ulcers:
President, Eli Marvin; vice-president, James
II. Rice; secretary, Jesse B. Marvin; treasurer,
Eli p. Baker; engineer, L. b. Cottingham; attOr-
uey, Hon. c. 5. Wesner.
The new management has the most favorable
assurance of succdss, and il is now generally be-
lieved that this lOng-deferred enterprise will be
pushed to completion. Colonel Lee was present
at the meeting and strenuOusly resisted the pro-
ceediHgs, but he could not turn the tide of pub
lie opinion that had set in against him. Some of
the passages between the opposing forces
were highly dramatic, and tho excitement
at times was at fever heat. The
newly elected officers got possession of the
company's books several days ago and now hold
the fort. With less than a half dozen exceptions
the proceedings are warmly indorsed by every
man in the city. the road has already cost our
people several hundred thousand dollars, and
they are no longer in any humor to be trifed
with as they have been for five years past. Mr..
Lee will probably seek redress in the courts,
but he labors under the disadvantage Of having
every friend of the road against him.
Mr.. Marvin, the newly elected president, is an
active and successful business, man who has had
considerable experience in railroad building, and
the stockholders and the people have the utmost
confidence In his business integrity and III his
capacity to successfully perform any great un-
dertakingi in which he may become interested.
Colonel John Lee called at the Journal office
last evening, and stated that his attorneys con-
slider the action taken at this meeting Illegal,
and he stated that the parties he represents will
take prompt action TO bring the matter before
the courts.