Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1892-10-20
CONSOLIDATED ROAD.


The Old Board of Directors Again |
Chosen and Leases Of other Roads |
Ratihed-Mr. Goodwin Heard From
-Satisfactory Explanation - Feat
ures Of the Meeting.
The annual meeting of stockholders of
the New York, New Haven and Hartford
railroad was held at stockholders hall,
third floor of Union depot building in this
city, yesterday. About 300 were present,
among them the following: William Rookie
Teller, J. Pierpont Morgan, George Mac
cullooh Miller, Joseph Park and Henry s.
Lee of New York. Henry L. Goodwin of
East Hartford attended the meeting. Sew
eral lady stockholders were also present.
Secretary Bishop announced that the
meeting was called for the purpose of
adopting resolutions to accept the annual
report of the directors, the election of
new board of directors and the approval
of the leases of the Housatonic, the New
Haven and Derby, the Danbury and Nor
walk and the action of the Rhode Island
general assembly in relation to the lease
of the New York, Providence and Boston.
After the report of the board of direct
ors had been accepted, Goodwin of East
Hartford intimated that the officers were
trying to withhold certain information,
and then moved that the motion just
passed be reconsidered. This President
Clark ruled as out of order, but offered by
way of concession to entertain the motion
after the regular business was disposed
of.
The entire old board was reelected and
the other resolutions adopted. A total of
175,751 votes were cast and 175, 500 were
for the directors and resolutions named.
President Clark said that word of ex-
PLANTATION was necessary in regard to the
Providence and Worcester road Their
| stockholders had met last Monday to act
upon the lease, but adjourned until De-
csmber II in order that slight details of
the lease might be perfected. President
CLARK suggested that the meeting adjourn
until December II, when the lease OF
the Providence and Worcester would be
ready for action. His suggestion was
adopted.
One of the stockholders referred to The
fact that during the year the mileage Of
the road had been equal to distance o.
thirty four and one-half times round tn,
earth; that over Il, 900, 900 passengers hai
been transported, over 1000, 900 tons O.
| freight moved and gross receipts of $12,
600, 900 received, all of which had beer
accomplished almost without accident, ant
was due to the vigilance of employees, from
president down to water boy.
Clarence Deming of this city said: "
wish to also call attention to the fact tina
the average rate of passenger mileage ha
been at the rate of 710 cents per mile
which is probably the lowest in the coun
, try, and is q valuable concession to tn
| travelling public"
Mr.. Goodwin then arose again, accusin
the president of not fulfilling his promise
, He was again ruled out of order, but Wa
given the privilege of the floor, on motto
of Mr.. Deming. President Clark invite
Mr.. Goodwin to the platform, but M,
Goodwin preferred to stay where he wa,
He then offered q resolution providing fo
a committee to ascertain how much stoc
| had been sold and the amount of re,
estate purchased during the past yea
{ | Offering by way Of explanation that $4,000 ha
DISAPPEARED and was accounted for in the q
nual report. The motion was not seconde
but the president explained the q
3 parent discrepancy by stating that certain bull
improvements added which amount to the sur
8 Mr. Goodwin then appeared quite pleased al
n | satisfied and resolution OF thorough conf1den,
g heartily passed. A resolution thank;ng NJ ssl
q Morgan and Rockefeller for enabling the road
q come into the possession of the Housatonic W
President Clark, in answer to Mr.. Goodwi
It. | said:
J. In explanation in regard to the stocks al
-, | bonds would say that during the year we ha
70 sold certain 81 ocks held in the Passumpsic roa
:. | The second inquiry in regard t., the increase
l. real estate is due to the construction Of bio
of bull rings near the depot in New Britai
which was charged to real estate Third, Il
N inquiry into the Long wharf property: It d
IL not cost $3.50 000 but it did cost 100000, and
II but one share of 81 ,0cO was paid for by an iss
" Of our own stock at 1904 and 80 In no ca
have we paid over 4 per cent. interest on al
money borrowed, and right here wish to e
press my thanks to one of our directors On
Morgan) who loaned us money at less than 4 p
cent. The stockholders, feel sure, do not fu
appreciate the aid that some Of these directe
| have given US. I refer to the action of Mess
Rockefeller and Morgan who made it possit
us to lease the Housationic system. For yea
it has been evident that it would be for our int,
est to lease that road, but it impossible
the company to 10 it. These directors took tn,
own money, purchased the road, did not char
apenny for their commission and now offer
! the lease"