New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-10
ordered reargument Of the true that question is
stln tied up.
READINGS ANNUAL MEETING.
MR.. CORBIN'S POLICY SUSTAINED.
A MOTION TO ASK MIR. CHIDDs TO ARBIIRATE IN THE
STRIKE TABLRD-THE PRESIDENTS REPORT
IRY TELEGRAPH TO TIE TRIBUNE.

MOTION TO ASK MR.. CHILbS TO ARBI'RATE IN THE
STRIKE TABLKD-THE PRESIDENTS REPORT.
IBY TELEGRAPH TO TIE rRDuNE]
PHILApgIpmA. Jan 9.-The annual meeting Of the
stockholders of tho Reading Railroad was held in AS
ISOLATION Hall to-day. By request of President Cor
bin, John b. Garrett presided and william B. Taylor
chosen secretary. The minutes Of the last annual
meeting read at the request of Mr.. Lockwood.
In regard the resolution passed last year that tho
report should be printed and put into the hands Of
the stockholders five days before the annual meeting.
President Corbin said that the report not yct
ready. There much to do that It was impos-
sibe to have the report ready any sooner. The last
proof had been put In his hand within fifteen minutes
The OF the delay was the difference In the plans
made by the reorganization Of the road.
Mr.. Lockwood made Of his characteristic attacks
upon the management, when he called to order
by the chairman, who said that the next business
was the reading Of the presidents report
Mr.. Corbin, in easy manner, said that there was
little floating debt the current liabilities always
being met nearly So by what was owing from other
corporations, that practically the company is FREQ
from debt
George Baer offered number Of resolutions to be
voted upon at the election for officers, the vote to be
by stock These resolutions long and were in
general Endorsement of all the actions Of the man
agemcnt of The road.
"How long have the mortgages on tho coal land,
drawing 6 or per cent to run?" asked Mr. Lockwood
of the president.
"That is matter in the hands OF the reorganization
committee and have nothing to do with it," answered
Mr.. Corbin
offered resolution changing the closing Of the fiscal
year September 80, and that tho report be printed
and ready for the shareholders on November l.
Mr. Corbln said that hereafter there would be fewer
difficulties the way OF early report in the future,
and would endcavor have In time for the share
holders to read before the annual meeting.
The resolution then withdrawn by Mr.. Lock-
wood, who Immediately offered other resolutions be-
tween innumerable speeches that appeared to amusc
rather than convince the stockholders. Mr.. Lock
wood said it matter of regret that the president
had not yet spoken Of tho strike lie moved that
George W. Childs of The Tuilc Ledger" be aTpo nj ell
arbitrator to settle the differences between the com
pany and its employees
Alfred Suy moved that tho resolution be laid on
the table, and it disposed of.
President Corbin then presented his report, which
shows that the operations of the resulted as fol-
lows: Gross receipts. S21,762,o20 O5: expenses,
s1O7s2 1897 04 net earnings Of the railroad company,
SIO.0S1, ,57I IL. From the Coal and Iron Company
Gross receipts S19425s sO7 SO: expenses. S179
325 90 net earnings 81 44s 4s2 81 The traffic of the
railroad company follows Passengers carried,
1567s715 tons of coal, 9,62s,72o tons of mcrchan-
disc, s,e5o10o; tons of company's merchandise
6s9416 The average price received for coal at the
the net earnings Of both companies over the year 1886
80 .094 .450 "a. .
recess of fifteen minutes was then taten for the
purpose of voting for officers. On reasscmbinc. the
result was announced follows Pres dent. Austin
Corbin: managers, A. J. Ante'o aruel y htpey,
Thomas Cochran George De y. Keim SfeDhPn a.
| Caldwell and George paer treasurer, william A.
| Church secretary. Wiliam Ia lor.
Altogether there 7?4 e95 shares NJ stO v'ted
Mr. Iockw cd then made motion TO thank Pres %
dent COrbin. The wotiOn WIS corred
T'pon motion Of NJ. Lockwood. the meeting n,vt
fhantcd Mr. Garrett who congratulated the s'OcIhOld-
fbn ani1 m
greatest the world has seen.' said Mr.. Garrett
and horo the world may never be called upon to
greater"
The meeting then adjourned.
REDUCED RATES FOR THE CANAL CONVENTION.
Special rates have been nads by the N-w-Ysk West
shore ana Buffalo Railroad for the delegates TO the Con-
vrnton Of tho Union for the Protection OF the State
Canals" to ha held at Albasv on next Tnestav The
ronsd tr,p will coat ONLY - so asd tickets can he
oh a ned OF r. B. Brooke Co Ne South t., James
Morse. No. 10 south.st and ShprmaH Petrie. Ne l42
oud-st these esing 10 'h- 'onven l"n are rx-
Governor Albeit Senator NcrOs. OF NewJer en- MAYOR
Cleveland OF Jersey city, Sena'srs Co grshsll. John
smith X. III. Roberts and Mayer Fish, OF Rscheser
TO ADJUST UNSETTLED RATES.