Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-12-17
MAINE CENTRAL MEETING
At Portland Elects Directors and VIII
Aid Investigation Of Affairs.

PORTLAND, Dec. 16 The annual meet
ing of the Maine Central Railroad was held
Tuesday sfterno m, President Sewali in the
chair. After calling the m setins to order
the report of the directors was offered.
Hon. o. d. Baker OF red . resolution
thst whereas . committee clnsistirg Of
William c Whitney, William p. Blake
and Eben D Jordan wss chosen BY the p,
4 N Railroad 10 Investigate the Eases OF
the Hereford, Upper Coos ard Kaox Il
Lincoln Railroads. and other roads leased
BY the Msine Cectrsl Railroad; thst the
stockholders of the Maine Central Railroad
uaiie With the shove committee ID.
Wilson, Weston Y Miiliken and Francis
W Hill, snd afford the Committee full
opportunity for An iuvestigstian
This is really An outgrowth Of the move
msnt set on foot ct the annual meeting OF
the Boston & Msine in Lawrence, where
tie foilozing resolution wss adopted, on
the otian Of Charles Hsm in of Boston;
Where's, opr road owns more than one
half Of the stcck Of the Maine Central rail-
rosd, and "a, tbefefore. responsible for its
past and future management and chooses
Its directors, it is moved that . committee
OF thrse stockholders be appointed to inves-
tigate and examine into the leases OF the
Heref I'd Upper Coos and Knox Lincoln
ard ether roads leased by the Maize Cen
trail railrost, with = view to ssrertsining
whether OF not said lesses will reduce the
net income of said Maine Central, and thus
impair the dividends on .ur stock. winch
have hitherto added over 500 GOO annuslis
to our income sc count, said committee p
r. port At specisl meeting Of this company
TO be called on February |, 1892 az Borton
Il ether wofd., msjo.ity Of the stock
holders of the Bosom & Maine railroad,
voting. rot by stock but yea and nay. have
chxlle ged the vi.dom of the lessirg Of
these liaes by the MsiDe Central, because
az Individual stockholders, they fssr tns,
the money vhich the general treasury OF
the Boston 4 Maine receives from the iu
veetment in the Maine Central will be re-
duced, and 90 the dividend. When Mr..
Baker %, dovp, Mr.. Charles 8 Hamlin Of
Boston Immediately arose And offered .
similar resolution, adding the names Of Fl
NJ Heath, A C. Hamlin and Joseph s.
Ludlow. This add ton vae voted dom by
sock vote Of II ,206 to 1,4i6.
Mr. Bakers rssolaGioa was then adopted
by acclamation.
The following board OF directors vas
f'ec.ed; Arthur 5eu4lI, Bath. Me Frank
Jones. Portsmouth. N. H.; samuel &.
lawrence, Msdfora. Mas Joseph 8
Kicker. Dsering. Me-; Amos Psul, south
Newmarket, N. n VIM. @. Davis, Port
land, Me. VIM. T. Hart. Boston, Mas. i;
Cnss A. sinclair, Porsmouth. N. Il ; Ho-
ratio N Jose. Portland. Me rhomss W
Hyde, Bath. Me-; Psyson Tucker, Port
Land, Me John Wsre, WstesvilIe, Ne. !;
VIM A. French, Boston. Mass.
This 10 last years board with the sddi.
tion Of ". r. Hart
The directors we're chosen by prsc-
ticaiiy IN snimops vote, sill receiving every
vote csss, 26 0s2, except Gen. H. de, vho
had 395 less than that, these votes being
cast fer John Elliot Of Bath,
The lease Of the Knox q Kincoln Rail
road ns It came up. Mr.. Hsmlin objected
to fa,ifyins the lease on the ground tnst it
is under investigation BY the committee Of
the Boston 4 Maine and Maine Central
A stock vote wss taken and tbs lease was
ratified By q vote Of 2s 54s to 1877. The
directors organized by choice OF Arthur
sevsll, president, and Psyscn Tucker.
vice presd mt, Hor. J. Il. DsuDmond,
syx, the same ssfss; yesf.