New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-22

,,,A Oh, Board of Directors propose to pass mas
an.rnoon, May 10. 1880. "a, s,-,,.,.b sont
.f7Apt ayers that tho said dispa'oh Scht
4, s,Id Adams was sent before the Telegram we" ool'
10 afBant in which all of said resou,,on - ~, 49,
hosn passed by said Board. Ana amant HoiS US,
&C.. - fcrepee 70 the telegram from said Doiph'
ne, 60 and Bellinger partners OF said Dolph arc
80, - dt-octors who present ana prouHtea
,g.Inst tho passage Of said resolutions
Ae7ant further says that no other or Hh'IN aPpu
,.ton has been made for an Injunction oIuel neIo '"
nv other court or judge. ELIJhh shAih'
Subscribed and sworn before me this lJth DAY Oh
No, ,seo WILLIAM ARMOUR,
Notary Public.
Eew-York and Kings Cos
TRANSLATION.
Portland Ore, 10.
To Elijah Smith Prcs't o. n. & y. Co,
Mins Building
have talked 10 our lawyers, and they seem 10
think there are good grounds for starting inluhcNoh
suit in Ncw-York Immediately and one hero II hsoos
sary to enjun Oregon and Transconinental HUin 20
suing remaining ten millions stock In manner poPOo0
aso there seems 10 be good grounds, II deemed AVIS
able TO bring suits here to dissolve the VI
ask the appointment OF receiver IL Is a'So puo'
lion considering late decisions whether oregon ana
Transcontnental havo any right to vote the STOCK Oh
O. r. & NJ and though they pledge II IS eolIa'e1Ai "
the plcdCor has not the right to vote u, eau ''
have! | do not know as {. A. p"lph i'''' '"'e'',"
him BeJIlnger and Joseph Simon, It seems as thoush
emf, ourht IA be commenced al Oncc East, ana MINK
would advise YOU 10 urge proceedings here OF which
over character you think best have been lhlorincd
na, pcro were some 26s 900 shares voted Mt last
oror,r and Transcontincntal meeting but propose
INF, afternoon TO get more information In detail II
possible. ="
Portland. Oregon May II, 1850.
milan Z svavno 1915 Broadway, v. Y.
seven directors present Al an sljonn"d meeting swo
NJ the directors voting and protesting against passage
OF resolution, all directors voting In favor OF employ es
Northern Pacific.
Copy of telegram from S. b. Wiley to Charles F.
Adams:
Portland, Oregon, May 10, 1880.
1hav. obtained the following Information, which |
think YOU would like to know. oregon and IranScon'
unentaI BOARD Of Directors here to-day at the request
Of Mr. Willard passei resolution Authorizing ISSUE vi
balance OF $40 600 600 stock unsuhs;rbei III treasury
As preferred stock upon which six per cent = !" oc
r7ara9re.d TO BE- secured by pledge or n'o7EaS" OF
OREGON hallway and Navigation Company s'n'"' ana
croposr TO pass resolution at meeting this afternoon
amending bylaws 50 that moehholder h'Funs Iess
than ,ty five peg cent Of tho capital STOCK OF u'
compaay can examine any Of ITS books
- ,.cms 10 ne evident that they propose 10 mako
cerisn two g,hS control Of he oregon anu ir"'''
continental as now organized ana INC '"",''' W '
OREGON RAILWAY and Navigation Company by s"'hhS
,, i,,r- n, that conipany's stock into nlividuil
hama, so tha, no question aDou, us being voted can be
raised -. ,.,,.,ri, ,
propositions: z-...,-.f,,,,,I
T., -, manner f. illegal Issuing II A. pT"p"sci
C,,not DO doar because ~ maAc, two characters Of
,,,,k where only one has Yet been pro'h'a f"r'
and q course l. detrimental To holders "i me "''''
stock An Injunction sui should tr b"r,'n ]" u'
"a, and ono can be started here II de- .Tci
o., r,crc f. almost uaquc.roualB gid grounds
,,r arranging Of nH, hero 10 dlssov" h" corporation
or for tie appoInrm"n, Of a rrc.''r. In ur i'''.'
c,ss mo r,c1t man being appointed, he would vote
tho proper,l., heH by Oregon and i1n-'oh"r'",N ~
n they can he voted II seems I" me- "", - -.
sc,,ons o. Oregon and Trlnsconiin'n'hl 'h"'" ''
Lr,ad,y ad,crt,-t and It ought to result IN proxies
being delivered to people olt,h" Of The present
management.