The Portland daily press., 1883-12-13
RAILWAY NOTES.
Eastern Railroad Company.

The annual meeting of the stockholders OF
the Eastern railroad Company and of the hold
ers of certificates of indebtedness was held at
the Meionaon Wednesday. In the absence of
the Trustees, Mr., Joshua Crane was chosen as
presiding officer for the holders of certificates.
Mr.. George E. B. jackson presiding for the
stockholders The report OF the directors of
the road was presented in printed form, after
which the ballots for the three directors to be
elected BY the stockholders and the six direct.
ors to be chosen by the certificate holders were
called for. Two sets of tickets were in the
field, one for the lease with the Boston &
Maine, the other against it. The certificate
holders ticket, in favor of the lease, presented
the names of Frank Jones, Portsmouth, N. H.;
Samuel G. Lawrence, Medford; George S.
Morrison, New York city; Richard Olney,
Boston; Jacob G. Rogers, Peabody; Arthur
Sewall, Bath, Me-; differing from the old
board by the substitution of the names of Mr..
Jones and Mr.. Sewall for those of Mr.. George
e. b. jackson, the president, and Mr.. Jonas
a. French. The other ticket in opposition to
the lease. presented as candidates the old
board, substituting Mr.. Sewall for Mr.. French.
as follows: George e. B. jackson, Richard
Olney, Jacob @. Rogers, George s. Morrison,
Samuel G. Lawrence, Arthur Sewall. The
stockholders ticket in favor of the lease pre-
sented the names of Francis /. Amory of Bos-
ton, Thomas w. Hyde, Bath, Me-. Charles
HoughtoD, Boston the name of MIR. Houehton
being the only old one. The stockholders'
ticket against the lease put forward the names
OF Jonas I'll. French Gloucester, Darius Alden
Augusta, Me-, John Cummings, Woburn, SUBJ
stituting the names Of Mr.. French and Mr..
Alden for Mr.. Houghton and Mr.. Sewall of the
old board
Before the voting had begun Mr.. Jonas Fl.
French addressed the meeting.
Colonel French, in commenting upcn the
fact that President Jackson's name had been
dropped by both bond ana stockholders on one
OF the tickets, explained it on the ground that
Mr.. jackson refused to sign the proposed
lease OF the road to the Boston and Mrina
Railroad Company. The whole trouble with
this bondholder's ticket was, that one man
employed by Mr.. Weeks, agent for Barring
Brothers a. Co., who holds about So 1000 600 of
ponds, had, ever since 1876, controlled the
every year who should go on to the board and
who should not. He HAD kept himself on the
ticket every year, had quarrelled with every
gentleman on the board, and had within six or
seven Years put in and put out nearly as many
presidtn hts, aud now that another Dresident is
to be chosen. he will quarrel with him within
four months. This man to whom he referred,
was, he observed, present. He was glad q. il
intsmucb as be d,sliked very much to attack
man behind his back with all the high
standing OF Barring Brothers q Co., and with
all the power financially and otherwise Al
their command, they were not strong enough
to maintsin a one-man power in the directory
of the Eastern Railroad Company This man
tells our president to step down and out,
He says the same to those OF the directors
who refuse to obey his dictates. He proposes
to have the board of directors ''solid' for the
lease TO the Boston q Maine Railroad Com
pany. The situation as regards the lease is.
he continued, about the same as it was last
year, though it had lost somewhat in power
among stockholders, as he felt confident that
the poll then being taken would clearly show
He cid not doubt but that his opponents would
succeed in carrying out their plans at the
meeting, though he did strongly doubt as to
the success OF their plans in the future. He
then proceeded to review the history of the
fight in the New Hampshire Legislature last
Summer over the matter, called attention to an
agreement entered into by the Eastern aud
Boston q Maine directors, under which each
was TO pay one half of the counsel fees" re-
CURED In securing needed legislation, and
caustically remarked that counsel fees'' was
term that covered up much that was very
strange.
Mr.. French then inveighed strongly
against the yielding of control to the
English autocrats. He inquired of Mr..
Olney, the counsel of the road, how much
A1ouCf tuo GdsbcIu hhllrO&0 ldQ expended as
its half for the employ ment OF counsel in the
case before the New Hampshire Legislature,
Mr.. Olney replied that he could speak for an
expenditure of $1,000 Mr.. French inquired if
it was not 5000. Finally, said Mr.. French,
the Legislature of New Hampshire has been
prevailed upon and the Governor of New
Hampshire has been prevailed upon, but /
doubt ii any power of these men will prevail
upon the Legislature of Massachusetts,
Mr.. W. E. L. Dilloway, the attorney of Mr.,
Weeks, followed with strong attack on Mr.,
French and his words.
Mr.. Siss OF Portsmouth inquired of Mr. o.
ney how much money had been expended in
Concord outside of counsel fees. Mr.. Olney
replied that this was not tho place where the
report was to be handed in
The vote of the certificate holders was de-
clared at 1890 O'Clock, as follows: Frank
Jones, 770f; Samuel G. Lawrence, 1904; Geo.
s. Morrison, 1904; Richard Olney, 1904; Jacob
9. Rogers, SO94 Arthur Sewall, s093; George
z. B. jackson, 1876.
The vote of the stockholders for the directors