The Portland daily press., 1891-12-17
MAINE CENTRAL MEETING.
G. :. Eamlin Of Boston ReneWs His
Attack on the Leases.
MESSRS. SEWALL, TUCKER AND
OTHER DIRECTORS SUSTAINED.

The Maine Central Management willing
for the Investigation to Proceed; but
All Stockholders Do Not Agree on
Terms-Frank Jones's Big b. & Nj.
Proxy-who Made Money Out of the
Knox & Lincoln Lease? The Lease Rat
! flied.
| The annual meeting of the Maine Gen.
trail yesterday was Of rather more than
usual interest The changes made in the
| directorate of the allied Boston & Maine
| corporation and the resolutions of investi-
| gStion passed at the Boston & Maine an
nual meeting had caused considerable
| speculation and not little rumor as 10
what might be done in the Maine Central
meeting. Yesterdays proceedings did not
| warrant the rumors. although the meeting
| was more lively than usual. In brief it
| may be stated that the present board Of Of
ficers are reelected, with the exception
that William T. Hart of Boston is elected
to the vacancy caused by the resignation
| of Asa p. Potter of the Maverick Bank !;
and that the present administration of the
| road is sustained by an overwhelming
vote OF the stock. In the matter OF the i'm
yestigation of leases, started by the Boston
| Maine meeting, the Maine Central peo-
pie show themselves perfectly ready to
| forward that Investigation, although there
Is difference Of opinion betwesn a minor
ity interest and the large holding of the
| Boston Sc Maine and other large stock
| holders as to the constitution of the con-
| mittee. The Kaox & Lincoln lease was rat
fled by a large majority.
| President Sewali called the meeting to
present considerable delegation of stock
holders, including Messrs. Jones. Sinclair,
| Lawrence aud others OF the Boston, &
| Maine directorate, who came to cast the
votes belonging to the Maine Central
| shares hsld BY the Boston 81 Maine. This
Boston Il Maine holding Is considerable
more than majority Of the 44.7s6 shares
of the Maine Central stock.
AS soon as President Sswall had called
the meeting to order, Hon. j. I'll. Drum
mond. clerk Of the corporation, read the
call.
The very first proceeding Of the meetir 6
was begun by Orville ID. Baker, Esq. OF
Augusta. who presented the following res
| olution, and asked for stock vote upon it /:
Whereas. A committee, consisting of William
G. Whitney, William 4. Blake ana Eben ID. Jor-
| dan, was chosen by the stockholders the
| Boston 81 Maine rairOad at their annual meet
| ing, December 9, 89l with Instructions To ex-
| amiBe into anu lnvestiga G The leases OF tie
| Iereford. Upper Coos, Knox & Lincoln. and
| other allroads leased by the Name Central
| railroad therefore,
| ResolUed. That tile stockholders of the Maine
| Central railroad hereby cordially invite TIE
| abnve committee as q joint committee IL con-
| Junction with 4. A. Wilson, Weston 4. Mlliken
| aud Francis w. Hil who are hereby desisnat-
| cd TO represent tho stockholders of Tho compa-
| ny for The purpose to investigate fully each OF
the leases above named, and all the officials OF
| this company are hereby INSTRUCTED 10 upen To
| this committee ali The books and records OF the
company relating 10 said lssses and to afford to
| said commiitea every facility for The most thor
ough Investigation thereof, ana said committee
| shall appear ar special meeting, to be called
| whenever 1t Is ready 10 report, or at the next
annual meeting,
| The William G. Whitney mentioned on
the committee of Investigation is Mr..
| Cleveland's former secretary of the navy
| f. A. Wilson is the well-known Bangor at
torney: and F. w. Hill isa relative of the
late Democratic candidate for governor.
| It may be said in this connection that
Mr.. Bakers resolution was in harmony
with the views of the management of the
Maine Central. There was represented,
however, minority interest for whom
| Charles S. Hamlin, Esq. Of Boston, ap-
| psared. Mr.. Hamlin is the same gentle
man who offered the resolutions of investi-
| CATION which were adopted at the annual
meeting Of the Boston & Maine railroad.
| He is nephew Of Col. A. G. Hamlin of
| Bangor.
AS soon as Mr.. Baker had offered his
| resolution. Mr.. Hamlin announced that he
appeared as the representative of large in
terests in the stock and bonds of the road
and in behalf of them he wished to amend
the resolution presented by Mr.. Baker by
the following motion, upon which he
called for stock vote:
That al committee to consist OF Herbert 1T
| Heath, Augustus G. Hamlin and Jos. S. Ludlow
| III addition TO those already named i'll the re.
| solution presented by Mr.. Baker, be appointed
to examine into ard Investigate the leases Of
| the Upper Coos, Hereford, and Knox & Lincoln
| railways respectively to report who were the
| stoca holders, directors and officers of sa d rail
| WAYS at the respective QaCGS OF execution Ol
| said leases who were The principal benefielaries
| under the said contracts; whether or not any
| and IL any which OF the stockholders. directors
| or officers of our road were at the time OF the
| execution OF said leases stockholders, directors
or Off GERS II said ro,d whether or not any Of
our stockholders, directors and officials and il
any, which, were interested in, directly or in
| directly, syndicate controlling any of theSe
roads prior to the execution Of said leases.
Said committee to report in detail as to thu
amount paid aud to what people for said leases
By our road and as to the amounts eXpeaded Oh
said roads simcc the execution Of said leases.
Said committee 10 report in detail as to loca
tion, mileage, finished and unfinished. number
OF passengers carried yearly. amount OF freight
tina total revenue and The cost OF operation o
each road respectively; also whether or not ou
road paid for these roads respectively or f0
any one OF them more than their lair earning
| capacity would warrant.
| Said committee to be given passes over ou
| ROAD and to be allowed their reasonable and
| proper expenses while engaged in this investl
CATION; aud that they are 10 be given free access
| to the books OF cur corporation and OF said 9TH
| CIR roads. and to be authorized TO employ a stem
| ographer and an export accountant III their in
vestigalions and TO retain counsel to assis
| them.
Said committee to report in writing at spec
| ia meeting OF the stockholders OF ms corpora
| ton to be held at Port and On MArch j, 1892
for the purpose of determining what action shall
| be taken uDon such report
| A copy Of this report shall be mailed TO each
stakeholder az least four days prior to said
meeting.