The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1884-01-25
Maryland Central Railroad.
A LARGE AND STORMY MEETING.
DISSATISFIED STOCKHOLDERS
THE OLD BOARD RE-ELECTED.
A LEGAL CONTEST THREATENED.

The great interest felt in the annual meeting
of stockholders of the Maryland Central Railroad
North Avenue station, on Monday. The regular
morning train from Forest Hill was crowded long
before 1t reached Baltimore, and the train from
Delta, which arrived in the city on time, at l0.15
A. M, brought many more.
The meeting was organized with Mr.. Nathan
Grafton chairman, and George l.. VanBibber and
Mr.. Grafton, on taking the chair, said that
whatever differences of opinion might be shown
that is, that the great object has been accom-
plshed-the road has been completed. lie hoped
all would be governed by moderation.
1t was known that there was to DO contest
over the right of certain shares of stock TO be
voted, and upon the decision of that point the
rS@ Se of das sas sG Sy Mr. ke ho
who said that Ia view of the Importance of
the meetitg and the difficulty of hearing the
move an adjournment to a larger hall 1t was sug
gested that a hall in the neighborhood could be
Mr.. Il. II. Boarman did not know of any dis.
cussion to take place. The only object Is to elect
thirteen directors Are we to be dragged through
the cold to Temperance Tabanacle TO crafty our
friends in making speeches and In getting up
issues not pertinent tothe meetingp
Mr.; Bradford is cold day, and We don't
Mr.. Thomas A. Hays.-"We as stockholders de-
mand our rights. We have right to place to
sit down. That's what we came for, and We in
Mr.. bradford. What right has Mr.. Boarman,
counsel TO the bond and stock holders, to object
There are vital issnes and q ticket all prepared,
against which we may have something to say.
Mr.. s. G. boyd explained that when the meet
ing was called 1t was, not contemplated that 1t
lected another place. but the notice had been
given and change might have infalidated the
election.
Mr.. s. Parker Bosley thought It competent to
adjourn to another place or another day.
Mr.. Boyd moved to amend Mr.. Rradford's mo.
ton, and adjourn to meet at Bel Air, on Tuesday.
Messrs. O. 8. Taylor and j.. p. Street, opposed
Finally, ON motion of Mr. Boarman the meet
ing adjourned to assemble at Temperance Taber-
nacle, Pennsylvania avenue. at IL O'Clock.
Tabernacle, a large frame structure, on Pennsyl-
vania avenue where some busted themselves in
making fires In the stoves while others discussed
the situation. Shortly after IL clock the chair
man called the meeting TO- order and Superin-
tendent Boyd began to read the annual report of
the directors. 1t was lenthy document, but II
hear the contract made with Mr.. VIM. Gilmor
for the sale of bonds of the road. as well as the
previous contract with Messrs. Brown a. Levin
long letter, written before the contract with them
was made, In which they say that after cxamina-
ton of the road and Its prospects. II Is their
safely be valped at Ss5OgG0, as soon as si50,OO0
could be procured toiput the road up paying
basis. The latter object could DO accomplished
In two ways, first by those interested In the road
backing ii up with their private means until II
was finished. Then the bonds. they thought,
would be worth nearly par. Another way was
to sell the bonds at once, III possible. To do this
Inducements would have TO be offered TO capita
lists to lend tho required aid
Tho directors thereupon made a contract with
Brown & Lowndes under which they were to sell
100000 of the bonds in three months, at q com
mission of 3 per cent. on their face valne. Tho
contract was read. That firm having failed to
sell the bonds the directors annulled the contract
and made one with Mr.. VIM. Gilmor, for tn
same object.