The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-11-22
NEW YORK & NEW ENGLAND.
LIVELY SCENES YESTERDAY At THE
SPECIAL MEETING IN BOSTON.


| President Parsons Carries the Day in Spite
Of the Protests OF the Goldsmith interests
He II Charged with Holding Back the
Report to he Made the COmnni ssioncr-.
Boston. Mass. Nov 21.-New York and New
England stockholders turned the Meonaon
into beer garden to- day. special meeting
was called to ratify certain leases with con-
Meeting roads. and before it was over the com.
pany's officials were sharply hauled over the
Goals for alleged malfeasance In Office.
Mr.. Coolidge Of the firm OF Coolidge & Strout
started tho fun by demanding that commit
tee be appointed to examine into the Meriden
lease. which was one OF those which were to
DO ratified. In support Of that demand Mr.
Coolidge said:
hold In my hand a copy obtained In New
York OF the proceedings before the Supreme
Court there. brought by Mrs. Bostwick. widow
OF Jabez Bostwick. They are matters Of belief.
OF course. but the first statement is that
the Meriden. Waterbury and Come ctcut road
has never paid any dividends on its stock or
interest on its bonds. that the running ex.
penses exceeded Its receipts. and that the only
chance OF bonds Is from the contamination OF
the proposed agreement andcontract which Mrs
Bostwick desired to have made with tho Now
York and New England. 1t shows that this
company has run behind $1S3.0OO in three
years. and on their run ing operating exp enses
someS15.OO0; that they n lever paid any interest
to nH noM thaf the1
H. ss4ss.ls fSss NJ IT.; s,s
us in plain language. and il we are
t. tES should srpn o, SnSsvs VIZ
done. There was man recently injured at
oe STalS sro sh S.w AND hi s
Will nave to IT. | submit that tnn rh
tho snpsst t9 be S, yY Yor dSWn ST
l Persons fsplisA TTe, matter hns Gten
imously resommendeJ that We, make Tie
good lease for the NewiorE and New " ln.i NH
1t has been running Tor the last three years
6 Tn "Esr s G lease m w; and the liked chrgs
Il year. One reason that the road has not been
selt.surportinc heretofore has been that it is
corps OF officers to whom large salaries wero
paid: We have cut down expenses $4,000
freight enough from that little piece of roa,i
10 MAKE S,o.tnoa,year. If we don't rutfy this
Then Lawyer Brnndeis fired some hot shot
rnass Tile vce.Fresion ,'s and tHi'~ irsc, "
this road, II is illegal and immoral that they
s wnm ro ana i apr,rS that these sntemrn
WV ~ S''diiy ohtEpi tle New I'D Elunu ROAD.
at the time they bought those bonds wtre
making large profit on, OF it. 1t is that pro-
ceeding. even moro than the unwisdom Of
that is the line of conduct i To- which
the New England road has been treated 10y its
stockholders protest at the action Of this
me- meeting sonfsrripC any more Iowor on
from the Stockholders which they, are
entitled to receive. You suppressed the re-
port OF your general manager on March < be-
cause 1t showed the disastrous operation Of
the road. Now you withhold the quarterly re-
port because 1t will doubtless show II deficit
Aou have held It back for eleven days.
TENDER. You did it Intentionally. for the Gus
tom is to file. 1t. and you would not have
departed from it accidentally. But the reports
presented the States OF Massachusetts, and
New York show that there is deficit OF S4l'i.-
900 In one year. We ask that this railroad
be operated according to law: that the statute
DO stated quarterly. shall be complied with:
and not deny the stockholders the right OF
meeting is over. It cannot be to
tho, Interests Of the New York
and New England road to feed the
yonL what is legitimate, They hold a Judi.
disnterested stockholders have an oppor- |
tunity to examine and see whether the |
ce-President and others are illegally max |
ing profit out Of the road. II the lease he SO |
changed that these gentlemen don't make a
right to give these gentlemen profits which |
helonE to the railroad and not to its officers"
The leases were ratified in spite OF the oppo-
sition by Il vote Of lUS.227 shares to 1850.