Waterbury evening Democrat., 1892-03-08
Waterbury, March, 8, 1899.
NEW YORK AND NEW ENGLAND Sharp Competition Between Messrs
 COrbin and BOstwfck

Sharp Competition Between Messri l COrbin and BOstwfck.
 Austin Corbin has made public the correspondence between J. A. Bostwick and himself in reference to the election of officers of the New York 6 New England Railroad company. Mir Bost
 wick proposed that MT Corbin should be president, F. H. Prince first vice. president, and John l.. Macaulay second vice-president. To this MT Cor bin answered that it had been "thor- oughIy understood between all of us- Prince included-that all proxies ob- tained by either of us were to be used in favor of my election as president" " Under this arrangement MT Corbin say S t lat he solicited no proxies.
 He says that Mir Prince after thus obtaining proxies, deliberately offered to vote them for another person, pre- sumably Dr Seward Webb, and con- tlnues: Therefore, please understand that, Tn view of your proposed action, l shall decline either to become mem Der of your board of directors, or accept ] the presidency of the corporation. l will not be connected with any com pany where F. H. Prince occupies the position of one of it's executive officers. l should not do justice to myself in this matter if l did not proceed to an imme- AAoIO PuOAC .NcuOAldGtOu UT CQ1S whole business, in order that the shareholders of the New England railroad may un- derstand the sort of man you propose to elect as first vice-president of their Company."
 Mir Corbin charges F. H. Prince with bleeding the road" in order to ad- vance his own interests and those of the 'Housatonic crowd" which he repre- sents. He alleges that Mr Prince has betrayed the trusts which the New York G New England stockholders had i'm posed upon him and had bee n using the railroad as a catspaw for speculative purposes. He further alleges that in order to keep these facts from being in- vestigated MT Prince offered to turn over to the Vanderbilt interests the proxies which he had collected in support of the Corbin administration. It was this deal, MT Corbin alleged, which caused the recent rumors regarding the Wander bilt control of the New York & New England railroad. The VanderbiIts de- clined to negotiate, and Mir Prince, so MT Corbin alleges, prepared to use the proxies as they were originally in tended. But he also proposed to make himself first vice president.
 MT Howard, vice-president and gen. eral manager of the road, was cleaning out his desk and taking or3f his papers, when a reporter aSKeQ hfn1 1T he eX- pected to be reelected a director to- day. "I do not" was his answer. He said he was clearing up,a little in the event of change,at the annual meet ing. .2c..~ sas
 OFFICERS ELECTED.
 The annual meeting of the company was called to order to-day, at II 80, with the Prince and Bostwick crowd in full control. They hold 19O,OO0 votes out of a possible 234, 1000. Charles A. Prince made resolution and motion that an indefinite amount be raised to make Improvements on the road. Attorney Cole put in an amendment that not more than $3,OOO, ,OOO be raised for that purpose. This was voted down by the Prince and Bostwick crowd.
 At 11:35 it was voted to leave the polls open for an hour, and the printed list of directors were elected, Mir Corbin and Charles Howard retiring, their places being filled by Messrs Blood and Charles Parsons, Jr. David s. Plume of Waterbury was reelected a director. The directors then retired and at 3 o'clock will announce the election of these officers Presi-