New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-24
DEFEATFORTHE NEW-HAVEN
IT'S LEASE OF THE CONNECTICUT RIVER
ROAD NOT RATIFIED.
BREEZY MEETING OF STOCKHOLDERS OF THE
RIVER ROUTE AT sPRINGFIELD-BosToS


RIVER ROUTE AT sPRINGFIELD-BosToS
AND MAINE MEN AT TIE MEETING.
springfield Mass Dec. 23.-Promply at noon to-
day the much-di>cussed special meeting Of the Con-
neciicut River stockholders took place In the pres
dents at the Office of the River road There
large crowd OF stockholders present among them
being +. II. Prince, Charles H. Prince, A. sgourney
Butler Henry Il. Read. Richard Olney. Arthur Sewal,
Charles 4. Sinclair and Treasurer stevens, OF the
Boston and Albany Railroadall. except the last being
large holders If Boston and Maine stock
President Mulllgan stated the purpose Of the meet
ing and Seth Hunt the clerk of The read read the
call for the meeting. VI. Wells, who acted as the
mouthpece for President Mulligan. referred to the
lease, copy Of which he said had been sent to every
stakeholder, and therefore it presumed that all
present perfectly familiar with the terms Of the
lease.
As soon as Mr. Well, had finished talking Governor
TulkcIey. Of CONNECTICUT arose and said nc was Il
stakeholder Of the Connecticut River Road, and he
wished TO be informed on certain points befrc the
business Of the occasion was proceeded WITH lie said
that he represented 800 shares and per
sOnally he approved Of the lease by tho Newllaven
road. He wished. however. first to have Mr. Mni-
gan or some other official OF the River road explain
the advantage which would accrue from this deal.
Mr. Wells TO a certain extent obliged the Governor
By explaining that the stock OF the Connecticut River
Road would be put upon a par with that OF the New
York. New Haven and Hartford Road and 1t lad been
deemed advisable by the directors OF the River road
that the business of ne latter road should be con
irollod by tac Ncw-lIaven people FURTHER than that
the two roads were practically one. and they had
always carried on through business one With the
other.
Governor Bullecy again took the floor and said that
he in receipt Of circular sent him through the
mall in which It affirmed that The directors OF the
River road unanimous in the approval Of the
lease. The circular bore the signatures Of the direc-
tors lie then proceeded to crtcise mildly the action
Of one or moro OF the directors for their seemingly
peculiar position since the recent Boston ana Mnn"
deal. He admitted that his references were based
entirely the rumor but the recent action was
the cause Of wide diversity OF opinion. The per
referred had evidently taken advantage OF the
opportunities Of a rival road What Go,er Buk"
ley much desired was information from some OF
the director, to what influence had been brought
bear these persons causing them to change their
minds. lie therefore asked FOR an explanation
The chair ignored The request. and stated that the
purpose FOR which the meeting was called was not
10 explain such questions The gentleman asked irit
was To on certain question. The question which
IS now before house" said he is whether we shall
procced - take VOTE
Again Governor EulLclcy and mildly insisted
on the importance Of his question being answered
lctorc the voting proceeded with.
A. y Howe followed ana said that be understood
rornlzont at the time of the proposed lease what was
TO 10 done by the rival road. What more NJ Howe
would have said cannot be known. FOR he was shut OIL
hy mother Of the directors, who said that ne GER
,anly thought that The Intention OF the directors Of
the River road - vote was open 10 criticism MI
Able another s,o-khold"r took issue with him ana |
thou ght that the action OF me directors "dS NOT "PeH
- any criticism.
For ,everal moments more the chair and Governor |
pulkclcy INDUCED in spicy conversation. The latter
believed the shareholders should approve Of the lease
and Mr. Well, said that the object Of the meet
Ing adding that In putting the question lie may nave
changed tho phrascolocy somewhat. But Governor
Tnlkccy stu had 70 say. his most important
polnt being that nowaday, the stockholders are not
treated with any great degree Of respect consdera.
ton Governor IMlkclcy could see no reason why |
any one should not zoe informed such questions rs
were reasonably asked
The chair did not see why any one OF the directors
should lie asked 10 exp0ln and none ad v0linteerca
lie reason for going outside the regular DUST
'cycrnor BulGcley asked II anything had happened
which would have changed inc opinion W Any u '"'
The chair said that nothing had been done by the
what they might have done independently .
some one inquired II IT was true that alyone OF
O., the road 70 The Boston and Maine. -
The chair thought that 10 officer of the company |
hod acted in such a manner.
Again IL was csllcd TO the attention Of the meeting
tint ih~ stockholders should proceed 70 vo's anu ,ne
chair Getting the advice. said that the Young Wouu
e sneIimtn. George F. Frinb. W. II. Fleming
and g + Itnyens were appointci teers. ana the .
ballot, were distributed. The polls closed a. o'clock
and tho whole number Of votes cast va, found 10 b.
~ as 03Os # Witch in favor Of raiifyins m, |
lcase. ard 1927 beng the number o, no vote.
nd iournment and for moment or TWO some spicy |
wor,ls new hrci ard forth Fret" Leopard o. Hart
,}Tn,l Mr. ,rcenc wanted TO know II M Wells
the legally constituted chairman OF tho mcetne hu.
matters we naoly brought to the point Of quiet