Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1885-12-10
RAILROAD MATTERS.
Meetlns Of Eastern Railroad Meu-Two
Tickets for Directors-Special Meeting
Of Stockholders.

BosroN. Dec 9.
The holders of certificates of indebtedness
OF the Eastern railroad met at the depot of
the road in this city this morning. The meet
ing was largely attended. There was con-
siderable discussion done among the directors
OF indebtedness, as there were two tickets for
directors in the field. One OF these was head
ed Irregular ticket" and contained the names
OF the following gentlemen: Arthur Sewall,
Bath; Geo. c. Lord, Newton; N. ]. Bradlee,
Boston; L. c. Lawrence, Medford; Richard
Oiney, Boston; Frank Jones, Portsmouth.
Ihe other ticket was headed ''hoIders of cer-
titcates of Indebtedness" and contained the
following names: j. c. Rogers of Peabody !;
Z. j. Morrill,, Boston; E. W. Hooper, Cam
bridge; Geo. E. B. Jackson, Portland; John
Cummings, Woburn; R. Olney, Boston.
This morning, also, at the Eastern station
special meeting of stockholders was held to
take final action on the proposed lease by the
Boston & Maine of the railroad and property
of the Worcester, Nashua & Rochester Co.
The question was debated at length Mr.. L.
5. Dabney offered protest against the ap-
proval of the proposed lease. Both meetings
were adjourned until four when the result will
be made known.
AT the certificate holders meeting the fol-
lowing gentlemen were declared elected di-
rectors Richard Olney, Chas. j. Merrill
Geo. E. b. jackson, John Cummings, Jacob
c. Rogers, Edward W. Hooper. Several
protests were raised against the vote on the
ground that enough votes were thrown out to
change the result; second, that votes were
Improperly admitted, and that the count of
votes was illegal, unauthorized and invalid.
Phillips said no votes had been counted which
were not registered, and that under the law
no votes not registered could be counted.
Certificates held in trust by the trustees to
the amount of S57, 900 and SS9, 900 had been
voted on, and, in reply to another question,
he stated that the votes were thrown for the
successful ticket. After a heated debate
Chairman Phillips and the other trustees left
in disgust, and the meeting subsequently
adjourned until January; also the special
meeting of the stockholders held to see if the
stockholders would approve of the lease by
the Boston Maine railroad of the Worces-
ter, Nashua & Rochester railroad and of the
Portland & Rochester railroad. Lorenzo S.
Dabney read protest from T. jefferson
Coolidge against the approval of the lease
and moved as an amendment that commit
tee be appointed to investigate the facts of
the lease and find out if possible who is to
be benefited by this large increase in the value
of property. The amendment was lost by a
vote of l9,47l nays to 1857 yeas. The leases
were then ratified, that of the Worcester,
Nashua Rochester road by vote of "a, OPP
to 1897, and that of the Portland & Rochester
road by vote of 81 ,455 to 1000. The an
nual meeting of stockholders adjourned till
January 9, without trsnsactng any business.
A Bill in Equity.
A bill in equity was filled Wednesday morn
ing in the Supreme Judicial Court at Boston,
by VIM. c. Rogers, VIM. B. Bacon and Will
lard p Phillips, trustees under mortgage of
the Eastern railroad against the Boston &
Maine and Eastern Companies to obtain the
sum of S42, lO4 alleged to be due the trustees
for the sinking fund for the redemption Of
certificates of Indebtedness secured by said
i mortgage.