New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-10-21
RAILROAD INTERESTS.
EXCEPTIONS TO THE READINGS ANSWER
EPFoRTs TO SET ASIDE THE LEASE OF THE NEWS
JERSEY CENTRAL.

lFRoM SPECIAL CORRESPONDENT TIE rRmusEt
TRENTON, Oct. 2O-The compliments conn,
sci In the suit In which William Dinsmore seeks TO hayA
set aside the lease Of the Central to the Read
Ing Railroad, have fled In the United States Circuit
Court here bill of exceptions to the ani
swer to the complaint, which the Read.
ing filed on Tuesday. Ten exceptions are taken
to that part OF the which Is the personal arma
ton of Franklin b. Gowen They cover the entire state
ment OF Mr. Gowen except two or three paragraphs Tho
points Of this statement which have appeared I'm THE
TRIBUNE are recited, and the bill continues In all Of
which particulars this exceptant excerpts to the answer
put in by the defendants to the bill Of complaint as re-
spectiyely scandaous and impertInent and he humby
insists that the ought to be expunged from tho
record"
All of Mr. Governs personal that will not bo
expunged II these exceptions are sustained is the
few lines in which he states that the combination OF tho
Reading and Central will make competing line with tbs
Pennsylvania, the paragraph stating that Dinsmore is
the president Of the Adams Express Company and tho
following: 60 That the design of the Philadelphia and
Reading Railroad Company to unite its system Of railroads
with the lines into Central Pennsylvania and with
that OF the Central Railroad Company OF NewJersey has
been publicly avowed for two or three years, and
that the Pennsylvania Railroad Company, its agents,
officers, favored shippers and ranspolters, allies and
friends have been for time and yet endeayOr-
ing prevent the accomplishment Of the design and
that in pursuance of this attempt Obstruet tie union
with which they threatened the Pennsylvania Rail-
road and It's confederates have endeayoed destroy and
inure the credit Of the Philadelphia and Reading Rail
road Company and 20 prevent the acquisition OF the Gem
trail Railroad of NewJesey And the defendant charges
that the compliments bill is filed I'm the interest of tic
Pennsylvania Railroad Company and its allies and
federates, and with view OF depressing the market
value OF the shares Of the Central Railroad Company OF
NewJersey by threatening litigation 10 interfere with
the receipt Of dividends due to the shareholders OF the
Central Railroad And the defendant says that he s in
formed and believes. and therefore charges and
poets to be able 10 prove, that the Pennsyl-
yanta Railroad, its counsel, agents and confed-
crates have been, from time TO time, since
the question OF lease Of the Central Railroad Company
OF New-Jersey first proposed, endeavOTing to
the services Of shareholder OF the Central Railroad
Company TO tnterp0se objections TO the lease and thdt
falling to any they have used the influence they
possessed over the Adams Express Company and tho
complainant TO induce the latter to file this bill"
Among the aihdaTits accompanying the ans
foregoing exceptions taken, besides those
showing that Dinsmore's stock voted for directors
favorable to the Reading and also for the resolution a-
thOrzng the lease there Is to by Albert Foster
secretary Of the Reading, which contains the following
Instead OF its being true, stated in the affidavit lin
the compaint that the payment Of the rental under tho
lease by the Philadelphia and Reading Railroad VIII result
in loss TO the Philadelphia and Reading Railroad
Of not less than Sl,0OO,000 per annum.' the fact
Is that by reason OF economy the management Of the
railroad and the reduction of expenses consequent upon
its operation Joint lire In connection with the other
lines OF the Philadelphia and Reading Railroad the
suit will be that the Philadelphia and Reading Railroad
Company will be enabled 10 pay the rental OF 81 100000,
as stipulated TO he paid By the lease Of the
ngs OF the Central Railroad of New-Jersey; and this
Is demonstrated In the defendants opinion by the actual
results from the operation OF the lease rom June 20 %
lie also denies that the Reading insoyent thar II s
default In the payment OF interest or that Gowen caused
the Central which he sold In Philadelphia and turned
the proceeds into tine Reading treasury.