The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-03-15
NEW YORK AND NEW ENGLAND.

NEW YORK AND NEW ENGLAND.
Tho Meeting of the stockhoIders-Presi.
dent Parsons Report Tabled by u Big
Majority.
BosroN, MASS, March 1.-THE meet
ing OF the New York & New England
was called to order at noon. Secretary
James W, Perkins read the report OF
the last meeting. Tho reading OF Pres
ident Parsons report was waived. Mr..
Brandeis, counsel for Goldsmith & Co.,
objected TO certain statements in the
presidents annual report, aud asserted
that 1t should not be accepted by the
stockholders without ascertaining the
truth. lie moved therefore that in
view OF the charges in the presidents
report with regard to the Justification OF
car accounts and fraudulent manage
ment of the New England Terminal
Company and other charges, he moved
that u special committee OF three per-
sons from the stockholders be appoint
ed TO inquire into the connection OF
these persons with such frauds and to
report at an adjourned meeting, He
argued that the frauds charged We're
unique, and it was due 10 the stock
holders, the others detrauded and the
community that those charges be- thor
oughly investigated that the New
York K New England railroad should
not stand before the public as a thief.
Applause
He called for a stock vote on this mo-
ton,
Vice President Charles A. Prince de-
clared that Mr., Brandeis' motion and
the entire series Of suits OF Goldsmith
4 Co. against the road were inspired for
the purpose of crippling the New York
K New England in the interest OF other
roads. The management OF the road
did not deserve the stigma placed upon
it. The New England Terminal scheme
was Il tentative n 10 secure what the
company SO sadly needs, access to New
York city, and which the Goldsmith
suits had SO lar prevented it from gain
ing.
Mr.. Brandeis retorted that Mr.. Prince
spoke for the directors but that the
men who made the charges was the one
whom Mr.. Thompson and his friends
had elected president u year ago. One
suit, although called blackmail, had re-
suited in the above mentioned injunc.
ton. Another was in opposition to the
New England Terminal scheme which
was carried out by the arbitrary action
and immoral desires OF those in the
management The discussion between
MessFs. Bsandeis and Prince was con-
tlnued until near n o'clock.
At its close MIR. James Armstrong
moved that President Parsons report
and Mr.. Brandeis' preamble and motion
be laid on the table. Seconded, and the
meeting proceed to vote on the motion.
at l:20 p. IN. the polls were closed.
w. W. StRrbuck moved to proceed to
elect nineteen directors, while the vote
Just cast was being counted. Mr..
Brandeis raised the point that such u
motion could not be entertained since
the result OF the vote might be to post
pone the election. The chairman sus-
tanned the point OF order and an-
nounced a recess.
j. I. Grcenough asked Mr.. Mcleod,
while the vote was being counted, since
he was likely to represent the road, to
give his opinion of the value OF the
property and the outlook for it. Mr..
Mcleod said he was not prepared to do
so, but might do so in the future il it
came about that he was to have an
official connection with the property.
at $3.50 the meeting was again called
to order. The vote on the motion to
table President Parsons report, Mr..
Brandeis' preamble and resolution was
declared as follows: Whole number,
14S, lao; necessary to table, 1900; yes
Ito lay on the table,, 1851; no, $500.