New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-18
RAILROAD INTERESTS
MISSOURI, KANSAS AND TEXAS.
CoSDEMNISG THE POLICY OF THE LAST BOARD @


coSDEMNISG THE POLICY OF THE LAST BOARD OF
DIRECTORS.
Parsons, KAN May 16.-Thc annual meeting of tho
stockholders Of the Missouri, Kansas and Texas Rail
road Company was held hero to-day. The Gould
interest not represented and the majority of the
stockholders represented by Simon Stern, attorney
for the stockholders, and Il. V. Martino representa-
tive of the Amsterdam, London and NcwYork stock
holders. The following resolutions wero adopted:
Resolved, That the action of tho lato Board OF
Directors OF the Missouri Kansas and Texas Railway
Company In attempting to sever the legal connection
between the International and Great Northern Rail
Setcby snd and held for
naught, that deprecate such attempted action on
tbs part of the lato board of directors as being dis
astrous to the best interests of the Missouri Kansas
and Texas Railroad Company:
Resolved, That We wholly dsapProvo the act OF the
Texas Railroad Company In allowing the Missouri
Pacific Railroad Company to parallel the lines and
BY snsordinans the Missouri, Kansas and Toxa,
Railroad Company to the interests Of the MssoIr IS tho
territory belonging to tho Missouri Kansas and Texas
Resolved, That the board of directors for. tho
years 1sS7-es are ccnsurabe for Withholding from
the meeting Of stockholders the information TO whle
they are entitled at their annual meeting as to tho
arrangement of the property and disposition OF the
assets connded to their care. AZ.
election are authorized to meet for purposes OF organ
zation and hold their meetings hereafter
with the bylaws In inc oy Oh oN t,ms n time
decide
The SUCCESS of the shareholders at the annual
mestng OF tho Missouri, Kansas and Texas Railroad
on Wednesday viii not change the relations OF tho
company with the Missouri Pacific to which the prop
erty Is leased. II has beon admitted Tor some lime
that tho bulk Of tho stock hold outside OF tho re-
cent manarment Tho recent conference between
Mr. Gould and representatives Of the opposition COM
mittee was in the direction OF harmonious adjust
nient OF differences Tic actual owners have no wish
to operate the road independently while the Missouri
Pacific controls the Connections at both ends. Mr.
Gould probably would prefer to keep 1t In the South
western system Il the interest charges could be ro
duced to current rates. A compromise. in these cir
cumstances will be the natural outcome. meet
Ing of the new directors OF the Missouri Kansas and
Texas will be held next week.
HENRY vILLARD's NEW PRESIDENCY.
The announcement that Henry Willard will probably
be elected president Of the Oregon and Transcontnenta
Company at tho approaching election in June excited
no surprise in Wall Street Mr. Willard is at Carlsbad
at present and 1t IS not certain he considers It
either necessary expedlent that he should attempt
again tho executive management Of the companies
under HIS control When he elected director Of
the Northern Pacific in September, 1t was understood
that only his arrangements with his German friends
prevented him from resumIng his former Office.
The financial undertakings in behalf OF the Oregon and
Transcontnenal Company, by which It's liquidation was
avertcd, made him the virtual master of the Oregon
and Northern Pacific companies. The selection OF
Sidney Dillon to succeed Elijah Smith as president OF
the Oregon and Transcontincntal was left TO Mr..
Willard and the president confessed that the ep
pointment was temporary ono IL Mr. Willard Is WILL
Ing take the presidency, he Is willing simply that
his power in tho management should be recognized
publicly.