The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1886-03-18
CLEVELAND AND roN-RAnwAY
A Vigorous War Being Weged for the
Possession Of tho Road.

A Vigorous War Bslng Weged FOR the
Possession Of tho Road
The contest for the future control OF
the Cleveland d Canton goas vigorously
on In Boston, In the course OF the con-
test II Ia developed that o new ceTtlh
cate OF common stock has been anbsll'
tinted for the former stamped certificate,
This change had 10 be made before all
of the trustees would give deed OF the
property TO the Cleveland q Canton cor
pOrati0n, certain OF the trustees ineist-
Ing that the former certificate WIS not
In accordance with the reorganization
agreement,
The Boston Herald states that "The
Pdrlin ThOmas-COrbln faction has 20
cured very nearly, II not quite, n mi Jor
ity Of tho preferred stock proxiee, IN
cudlpg interest as we'll an principal on
the convertible bonds, the same 10 b0
used at the annual meeting In May, 10
change the directory aud management,
The R1lCh Chapman Blood faction, rep
Teapn Ing the present management hhs
something over One'lhlrd OF the prefer
red stock within eaey grasp, and bop
to win over enough IRON the other sdt
In retain possession Of the property"
Circulars containing charges and coun
tor charges are Issued alm0at daily at
Boston. The Blood people have RaSertel
that II COTbin secures control OF the r0rd d
the headquarters Of the company will ~
once be moved from B1at0n, where all
he stock In held, 10 New York. This the
PaTlln people have promptly denied. An
other charge, made by the Paflln people
this time, 10 that the present manage
meat In guilty OF mismaDl Cement In
letting some masonry for biidges NJ Il
price much In excess Of bios made flf
the work by responsible partiet, toe In
ference being that the act shows dts
honesty or incompeiency. Theee alleg e
tl0ns, IL In aaid In BOaton, are OF wpsl rn
org n, and the opposition 10 the present
management has desired u thorough In
yesllgatiOn. The supporters 0f The pres
ent administration profess con litenCe In
President Blood aud jnatify his course,
hut there m0y be an iuyesilg uii & com
mittee nppOlhted,
while there n n difference OF opinion
between the factions ~ TO the beat way
10 reOrgauize tho C0mpanyB lnaNces,
widen The gauge OF the road and develop
lta resources, the present management
proposing TO issue Il frat preterel g.
stock aud the opposition q ! w lnlereat
bearing bond, II IN now stated the real
isaue IN M 10 the sustaining Of President
Blood, II he was TO resign the iaGllOnb
would probably he united. But II N be-
heyad N at neither no nor his supporters
will surrender while under the fire NJ
accusation. The present mauagr mcht
IN sending out m u circular q comn,un'
cation msned by stakeholder" Thls
communication seeks 10 lnjnre Mr., Cor
bin by niluainna 10 hia "cOnueHli0n
with George William Ballou ~ Co. In
tho management OF Toledo. Cincinnati
~ ~. Lluia business" aud 10
weaken The opposition by reciting the
cause OF western complaints pgainat
tho present management, by alleging
that certain parties hope 10 make money
by the sale OF bonds, and alleging that
nm attempt In being made 10 deserve the
stockholders ae N the cost OF widening
the gang, etc. II ie due 10 MIR Crbla
TO eay that he came Into this all ir by
request, and after an expert exnmina
tlOn OF the property, lta possible devOl.
Opment In connection with hia lndianp.
Bloomington Il Western ayatem, and ita
nrobable needs aa u Tallroad property,
H. Ia still Of the opinion that the gauge
can be made standard, the road reas0Da'
bly equipped and its hnanoes made
strong by the expenditure OF l,ttlo, n
uuy mara lhuu tho NJ mn nm me niihn.
Cd by him In his letter already puhlish-
e0, some surplus earnings possibly be'
Ing added 10 carry out the plan.