The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-08-15
RAILWAY NOTES
The Maine Central Meeting.

A special meeting OF Maine Central stock
holders was held in Augusta yesterday, to see
if the stockholders of the road would instruct
the directors to institute the necessary legal
proceedings to prevent the execution of the
proposed lease of the Eastern road to the Bos-
ton and Maine. Ali the directors Of the road,
with the exception of George S. Morrison and
j. Fl. French, were present, also many promi-
nent railroad men from different parts of the
State.
The meeting being called to order by Presi.
dent Jackson, e. f. Webb of Waterville pre-
sented resolution in favor of the stockholders
as follows:
Whereas, certain lease of the Eastern rail-
road TO the Boston and Maine has beon agreed
to between the directors of the two companies
and referred to the stockholders of said COM
panies and yet remains unexecuted by the off
GERS of said companies, and
Whereas, the Eastern owns q majority of
the Maine Central railroad stock, thus placing
that road under control of the Boston and
Maine II the lease IS executed, and
Whereas, the terms and conditions of said
lease are believed to be prejudicial to the in
terests of the State of Maine and the Maine
Central, and
Whereas, the present ownership and manage
ment of the Maine Central railroad gives satis-
faction to all persons pecuniarily interested in
said railroad, Therefore
ReSot0ed, That the Maine Central railroad
directors are hereby directed to adopt such
means, including legal proceeding in behalf of
and in favor of the corporation as may be
necessary to prevent the execution of said
lease.
Mr.. Webb also read portion Of petition for
call for the meeting the substance of which
is nearly identical with the resolution given
above. This petition was signed by Abner
Coburn, Skowhegap, John Patten, Bath, John
Marshall Brown, II. N. Jose and William G.
Davis, all of Portland, f. w. Hill, Exeter,
Darius Alden of Augusta and other leading
railroad man of Maine. Mr.. Webq moved to
adopt his resolution.
Lysander Strickland of Bangor moved that
the following substitute be adopted.
Voted, That the subject matter of article I
of the call for this meeting be referred to
committee of stockholders consisting of Gov.
Coburn, W. G.. Davis, Darius Alden, E. +.
Webb and Il. A. Wilson, said committee to
confer with the officers of the Eastern and
Boston and Maine railroads and to procure
such notifications of the contract for the
lease between said corporations as may be
essential for the protection of the interests of
the Maine Central railroad company and the
individual stockholders in the company, and
III Tue event OIL tne1r lallure TO procure such
notifications to report at an adjourned meet
ing of this corporation to be held at time and
place fixed by said committee.
A vote being taken on the adoption of the
substitute it was declared in the negative. The
vote being doubted vote by shares was taken
resulting as follows:
Whole numDer. er.....'............. .....,,. "a, sos
AmrHatlVe. ...sl9,OS9
Negative. .,........-- ......... 5,5l3
The substitute was declared carried and was
adopted.
Thirteen thousand two hundred and thirty
nine shares of Eastern We're cast solidly in
favor OF the substitute. The 5513 shares Of
Drexel, Morgan & Co. were not voted. Darius
Alden, Abner Coburn, Fl. III. Jose, Foah
Woods and few others, all of whom signed
the petition, voted in favor OF the substitute.
The committee was instructed to report to
the directors at least two days before the next
meeting.
Adjourned to meet at Granite Hall, Augusta,
the Oath inst, at 10 a. m.
The Southeastern.
Lis reported there appears to be good reason
for believing the Canadian Pacific is secretly
planning to prevent the sale of the road to the