New-York tribune., 1884-01-17
STORMY RAILWAY MEETING.
THE ONTARIO AND WESTERN ELECTION.
TREASURER JORDAN MAKES TRoUBLE-ihh f0"

room Unusual interest In the meeuns nn" ooon "'
by applications place the property in the hands OF TO
oever. creditor demanded the appointment Oh r~
,or an Tuesday and the treasurer of the company
made another application early yesterday morning
AZ the first meeting, therefore, there was crowd
Of stockholders who insisted on their rShVs'
altboughthe result Of the electionprobaby was az no
time in doubt. The former management was
confident in the fact that IL Deid inc
mower There was not large crowd in the same room
when the meeting was finally adjourned but the struggle
was not less severe The closing scene, when Genera
Winslov the president OF the company was sworn Deioe
he voted on the proxies given to hiwwas rather
The situation disturbed, however when tne cohso
for the opposition asked that General Wnsow might DO
sworn on the Bible The book was not readily iou anu
prominent speculator director OF the company Sus
gesed that the nearest place find copy was kusse
sages Office.
RESULT OF THE MEETING.
The result OF the meeting was inc
re election Of the former directors, with two e1cep
tions by an almost unanimous vote The e1cePtons "oo
Conrad n Jordan and Alexander Taylor, VINO are sue
ceeded by william G. Guiver OF New-fOrk ana Chies
Bard OF Norwich Conn., The vote was announced oy tue
inspectors to bepreerred stock, 1889 shares In favor
OF the regular ticket and common stock sloS shaos'
against 1888 shares in opposition The full board Is
now as follows: Edward T. Wnslow, Horace Porter
Charles f. woerlshoder, Henry Amy Theodore Houston
Howard Mansfield, William O. Gulliver. John L. Nlsbet'
William Adams Charles J. Canda, Thomas G. Clarke,
George b. Green and Charles Bard
When the meeting was called to order Vce-Prosident
Houston was chosen chairman. Ex-Judge Green. re-
ceiyer of the North River Construction Company was
presen I'm behalf Of the management and John r. Dos
Passos sat not far from Conrad Jordan treasurer OF the
company, at whose instance the Applications 10 put the
property in receivers hands have been made during
the preliminary sparring between counsel MI jordan
charged the management with having wrosed the COM
lfnn will TnIH
eapesness that directors courted the closest scutny
Of their conduct and that as officer OF the company
he would extend the facilities to any investigating
committee that might be appointed by the stockholders
An effort 10 defer the election until committee might
report on the companys affairs had been made but whe
the stockholders present appeared to favor this move
meut no committee appointed. The opposition con-
tented itselfw watching the election.
THE PRESIDENTS REPORT.
After short recess during which larger room had
been secured the presidents report was read
The dIflculties which had been encountered In
opening the line referred to briefly The
report then the ununded debt Of the company
vhIch stated the report 10 the Railroad Commits
,oners 10 be 90 311 s5 September 80 1888 has
been reduced to ST. LOG 4S in which amount are In
,dad oil suns due and claims for which the company
NAV In any way be liable under It's construction con-
tracts The floating debt should be funded at the eare,
practicable date and mortgage to secure bonds should
bc nlced upon the property with the consent OF the
stockholders required by the terms OF the charter or
the money needed. Unless some action OF TINS kind oe
taken, the company In the present artcn depression IN
funded debt without great sacrifice of its personal proper
ty and injury 10 It's trafhc
Mr. Jordan demanded permission to inquire about tho
details the report To all his questions ana 10 those
made by other stockholders, President WinSow made
holders was expressed plainly several times and before
he had finished answering inquiries two or three stock
opposton In the OF his remarks General Wins
low his friends had been the greatest sufferers
ha oh hu
OF the West shoro road. He said that he was a
n9 na5v and that he owned S26s,OOO of North
River Construction stock which he had held from the be-
ginning lie appeared to DC deeply aecbu w4en e ue
mics for they had lost heavily under his leadership lie
said that the Of the West Shore road had largely ex
oecded the estimates in spite OF the of the officers,
but that the present difficulties OF the associated compa-
ns we're due TO the depression in Wall Street rather than
to anything else.
CRITICISMS BY Mr.. JORDAN.
After the president had answered all inquiries that had
been put him, Mr.. Jordan remarked: This report
tho first information about the company that have re-
ceyeA for some time, although | am the treasurer
hope that the report correct and my only reason FOR
thinking that may not be correct That do not believe
the man who made IT, The Ontario and Western has been
numbered Tor the benefit OF Tie West Shore and one OF
these days this fact will be discovered by the stock
holders These men, Porter and Winsow have lade some
sixty millions Of money at their disposal and apparently
they troubled that they could not sPenI 1t Last
have opposed their exravagance but In vain Now the
company deeply In debt and ftbe West Shore Railway
ILL.,,
imposed ON II"
GENERAL wINSLOw TAKES THE OATH.
Inst before the close OF the meeting r Jordan refused
10 take the oath under the laws OF the State necessary TO
enable him to vote about 1O5OOO shares OF common
stock His counsel Mr. Dos Passos then insisted that
General Winslow, who had not yet voted should be
sworn under the law. General Winslow voted on
five shares standing in his name, and, after taking
the OATH on $4,000 shares by proxy Mr. Dos Pas
warned him that he was liable for perjury under the
| 40 nfaHo
knew that OF the persons whose proxies he held
were owners Of the stock General Wlnsiow, atter
taking the oath, said that he would make a res
eryaon about a any Pfo~iisS HseH stdck MIN upess
Mr. Dos Passos would specify their names The meet
ing ended IL began. In legal wrange 1t is expected
Tho oe of tbe trnstees OF the preferred stock which
was cast by Charles +. WoershOfer, was challenged by
tbe onnoion but this had no enect on the result the
vote The trustees hold about l60O0ou OF 900 shares
of the preferred stock and all the other preferred stock
voted on was in favor regular ticket The preferred
sockhoders elect eight OF thirteen directors and II
there should be any contest over te vote OF the common
stock the former management would retain control OF the
company.
AssAULTING THE AssISTANT-TREAsURER.
Treasurer Jordan found when he reached his office
Yesterday that tho John L. Hsbet
had changed the combination the lock the com
panys safe There was exchange OF angry words and
then Mr. Jordan attempted TO throttle his subordinate
officer whose neck showed marks Of the struggle last
Mastered him and MI Nisbet disclamed any Intention
OF beginning proceedings against him for assault.
directors said yesterday, "have been rather au-
tocratio They have not made their plans
known TO Mr. Jordan fully, perhaps, as
he may have wished, but the fact IA that he
has been soured. He has lost heavily am told, and that
probably is the reason OF his opposition"
Mr.. JoRDAN's APPLICATION FOR RECEIVER.
Another application made by J. Il. Dos Passos to
Judge Wallace OF the United States Circuit Court FOR
receiver for the company. The complaint In this case
was made by Jordan and Is IN most respects, exactly
like the made on Tuesday MI Jordan AYERS mat ne
is fully acQuai nted with The financial and
business condition OF the company and has
common and preferred stock. He is satisfied that the
company Is nsOyent He fears that the property OF the
conany will seized for tue benefit OF few creditors
aud TO the prejudice OF the stockholders and general Gre
dtOrs He therefore asks for receiver In tle 80 n
plant contained schedule o! the hOatng ladeDtednesS
of tue company, which Includes:
q,