New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-16
6AILkOAD INTERESTS.

A PROTEST FROM MINORITY SHAREHOLDERS
The suit recently brought In Connecticut 10 o,oS'
the affairs OF the Continental Construction anu in
provement Company is in effect protest on 'no P"'
of minority shareholders. IL Is about year ago 'HS'
the greater part of the stock placed in the hands
of trustees. The agreement specified hve years do
the period of the trust, but the minority
saw that the purpose was TO make sale OF The bosoh
Hoosac Tunnel and Western to the fltohourg nan
road. This transfer was accomplished cefsai"'' anu
the Construction Company received FOR us proPoiS
81 600 900 in this way it received outright "
preferred and So ooO, 900 common, STOCK OF inc rI'o
burg Railroad and that company assumed the pay MEM
y, q 400 600 Uoosac Tunnel debenture bonds, ana
aso reserved 500 900 preferred stock into wch inc
SO 500 600 Hoosac Tunnel stock could be converted al
the rate of four for one.
The minority stockholders have expected for nearly
year that tho proceeds of the sale to the ftcspurs
would be distributed because the purpose OF the us'
had been accomplished, but they have oech p,e' WIZ
the assertion that the sale was made by the 81 M
of the Ioosac Tunnel and not by inc icht
Construction Company The decided d to TEST
that at last the minority stocAhoiucis oeoa01 ~ WIS
the validity Of the trust.
MISCELLANEOUS RAILWAY INTELLIGENCE
The stockholders Of the New York and Harlem Railroad
yesterday at their annual meeting elected the iolors
board Of directors Cornelius vanderbilt william ~ an
derblt Frederick W. Vanderbilt Daniel " Bafoer, 'o
n butcher Chauncey NJ Depew, Charles Burri, william
IT leonard Charles Clarke, Joseph Harker Francis r.
Freeman Samuel D. Babcock and Alfred Van ssn'Voofa
Sharon Penn, May Is (SpeeaD.-Ju1ge Mehara mas
oyerruled the decision Of the master b. McGen beore
whom trial has been pending for two years ana decides that
the baltimore and Ohio road has the right to cross inc
tracks OF the Lake Erie and Western ROAD thus
gaining access to many important industries In the Che
mango Valley.
Boston, May 15.-The matter Of the removal OF Presl-
dent Phillips the Ftchburg Railroad Company from ms
office on alleged Illegal use of proxies at the last
annual meeting OF the company was before Judge fleu
OF the Supreme Court to-day motion OF counsel Tor the
petitioners the be put In shape to be passed upon
by the full court Judge Field thought that the case
could be put shape reach the full court In November
and issued an that President Phillips shall he an
answer TO petition for his removal within hfeen days
Chicago, May 15.-The Chicago Committee OF East
bound Traffic considered to-day the question OF rates on
live stock interior points in the Central Traffic Assoca-
ton The Vanderbilt lines decided TO revise their live
stock tariffs plan already adopted by the PeDnsyi
yana Baltimore and Ohio lines to correspond with the
reduced rates made last week 70 scaboar1 points
Milwaukee, Wis, May 15-Dispatches to The Even
ing Wisconsin" Jsnesvle that the jury In the
case Of Heddes against the Chicago and Northwestern
Railroad Company rendered verdict for the psnuh, as
signing damages o00 The suit was brought TO re-
cover Injuries a seven earold boy by switch
engine.