The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-01-12
RAILWAY MATTERS.
EASTERN RAILROAD.

EASTERN RAILROAD.
The following are the full particulars Of
the adjourned meeting of the certificate hold
ers of the Eastern Railroad Company which
was held at the Causeway street station,
Boston, ON Saturday. Mr. Orville d. Baker,
who was chosen Chairman after Mr.. Phillips
had declared the annual meeting of certifi-
cate holders adjourned December 9, called
the meeting to order and noted the absence
of the Trustees. Mr.. Edward Leslie was
then chosen temporary secretary. Messrs.
Henry d. Hyde, VIM. B. Lawrence and A.
Fl. Evans were appointed a committee to
verify and report the result of the balloting
for certificate holders Directors held in Dc
cember. The committee reported that the
whole number of votes cast was 14,600, Of
which 6S5 were cast by the trustees of the
Eastern Railroad on certificates belonging to
the sinking fund, and 1888 were cast by VIM
p Blake on proxy for Harvard College,
which was signed by President Eliot for the
President and Fellows. These 1168 votes
should be rejected as having been illegally
cast for the reason that the trustees had no
authority to vote on said votes and Mr..
Blake had no authority to vote ON the proxy
of Harvard College, which was not signed by
the treasurer. This would leave the whole
number Of votes 13, 432, which were cast as
Lawrence. 1894; n. j. Bradlee, 7,194; Geo @.
Lord, 7,194, Frank Jones, 1857; Arthur
Sewall, 6.924; Jacob G.. Rogers 6,238; Chas.
j. Morrill,, 6,51S; E. w. Hooper, 6,22S; Geo.
E. B. Jackson, $3.50; John Cummings, 6,23S.
The report was accepted and adopted, and
the first six names declared elected.
On motion of Mr. Z. p. Burnham the fol-
lowing resolution was adopted; That in the
opinion of this meetingy the attempt Of the
trustees to control the affairs of the corpora
ton and to elect majority of the board OF
directors by personal solicitations, by news
paper appeals and by circulars misleading In
their illeged statement OF facts and lmputlng
without foundation, unworthy motives to
the directors, is not only improper and ille-
gal in itself, but is to be deprecated as seri-
Ously prejudicing both the Eastern Railroad
company and the interests of the very large
number of persons who hold its certificates
of Indebtedness as safe and legitimate in-
vestment for trust funds.
The following resolution, offered by Mr..
VIM. b. Lawrence, was adopted:
Whereas, the annual meeting of the
certificate holders of the Eastern railroad was
held December g. 1885, over which Willard r.
Phillips trustee, presided.
Resolred by the bondholders at this. their ad-
jOurned meeting held January 8, 1886, that the
conduct of the presiding officer of tie annual
meeting in refusing to entertain motion to verify
the declared result of the ballot, motion to ad-
and proper motions, as well as in declaring the
meeting dissolved before its business was finish
ed-thus utterly ignoring the expressed wishes Of
the bondhoiders. and seeking to deprive them OF
their rights-deserves and receives the severest
condemnation of this meeting.
ResOlred, That copy of these resolutions be
sent to Willard ?. Phillips by the secretary, with
the request of the bondholders that he resign his
position as trustee, the duties and obligations OF
which he has so signally failed to comprehend
The meeting of certificate holders then ad-
journed.
At noon the meeting of stockholders called
for that hour was called to order by Presi-
dent Arthur Sewall. On motion of Mr.. Bra
man the meeting was adjourned to March 81
at II a. M.
1t was stated after the meetings that there
were represented about S4,000,0O0 of certIf-
Gates and 100000 shares of stock.
NOTES.
The bridge which was carried away at
Fredericton Junction on the line of the New
Brunswick Railway last week was only the
temporary structure put in there for use un-
til the steel bridge which had been ordered
for the place arrived. Another temporary
bridge much more solidly fixed on the abut
ments was at once put on after the other was
carried away and trains passed over it for
the first time Friday night. The steel for the
new bridge which will be 155 feet long has
already arrived