New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-09-17
RAILROAD INTERESTS.

NORTHERN PACIFICS ANNUAL ELECTION.
The stockholders of the Northern Pacific
Railroad Company held their annual meeting in the
Mills building yesterday and elected the following board
OF directors: August Belmont, Frederick BILLINGS John
u Brookman John @. Bullilt Benjamin r. Cheney
James c. Fargo. John II. Hall, Robert Harris. Brsyon
Ive. Johnston Livingston. Thomas F. Cakes. J. Lewis
stackpole and Charles Il. Wright The members OF the
board who retired were John W. Ellis, Roosevelt @.
Rolston and n. p Hallowe, their places being taken
BY John u. Brookman, James c. Fargo and Brayton
Ives who represent NewYork and Philadelphis hold
unentsl interests left in board is John II. TALL
Elijah Smith, president of the last named company, at
total Of e5s 5S6 shares in favor OF the former board
with the name OF John Bn .era,ch lsr"- rne
ognitoD their important holdings. but the manage.
outside shares held in Boston ought surrender
representation to New-York and Philadelphia holders
The vH to- pnS Ines to be
the Northern Pacific the atters charter forbade II 70
build directly and the president pehe'od TIC heou
OF the branches to be pressing ~.
The directors met after the stockhoders meeting ana
organ red by choosing tie old officers: President ROD
ert Harre Independents. T. F. Cakes and James b.
Williams secretary Samuel WilAesoD, and treasurer
II. J.. BeRnap
PROGRESS OF READINGS REORGANIZATION
Wall Street talked further about the rumors
regarding Philadelphia aud Reading yesterday, but no
definite information available, the friends OF the
DroxeMorgau syndicate keeping silent In the absence
OF J. Perpont Morgan Alfred suly who Is interested
with Austin Corbn and others in the Junior securities OF
the compapy said that mutual friends OF the
syndicate aud Mr. Gowen have been consult
ing for some time with view to har'
onious adjustment OF Interests IN the reorganzatton
Of The property Progress had been made but no agree
men was yet reached though there was every prospect
that would be soon. ,.,.,,,.,,
Mr. Owen will I'm the city to-day but 1t Is doubtfll
II satisfactory conclusions can BIO reached now IL Is
nnderstood that the friends OF Mr.. GOwen who are
moving In the matter have satisfied him OF the adyisa
by OF aQuioscing in the plans or the reorgonMauoh
svndcae subject doub tess to changes growing out or
dovelonmeuts since the plans were published months
ago Tho financial OF the street nave pract-
cly heen IN In support of the Drexeh organ inter
est mud no settlement growing ont OF The penulng
negotiations" 1t believed VIII involve any represen
company
RATES THROUGH THE SHENANDOAH VALLEY.
Passenger Commissioner Pierson Will to-day
issue a circular announcing reduction OF passenger
rates TO Southern OF the Shenandoah VAL
lev route covering the various roads IN the Atlantic
coast territory. The reduction agreed to by the
poo trunk lines extends from Slto 81 The rate for
instance, from New York to New Oresns WIZ De Dy
vay of the Shenandoah Valley $50. instead OF
S3 AS heretofore The object OF the reduction IS 10
the Southern Atlantic coast lines successfully 10
meet the competition OF the Baltimore and ONO RAN
road which has diverting traffic by way OF ON
cinnati and Chicago through the low rates II maze
against the tariff OF the pool lines from New lofk.
RAILROAD men look upon it as direct challenge 10 a
contest intended bring the Baltimore and OAlo INTO
nore harmonious relations with the pool