Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-02-01
THE LEASE APPROVED.

| 1n6 COn9O11OatcN HOnuD AuJouI hCu
Annual Meeting Yesterday - The
Lease of the Providence and Wor-
cester Railroad Ratiled-Mr. Good
wins Circular.
The adjourned annual meeting of the
stockholders of the Consolidated Railroad
company, was held yesterday at II a. m.
at the Union depot. The meeting was very
we'll attended, and among those noticed as
present were Ex-Governor Morgan G..
Buckley, J. P. Beach of Cheshire, ex-
Lieutenant Governor Bowen, Henry Abby
and Alderman A. Aaxcy Hitler.
In the absence of President Clark, Vice
President futile called the meeting to
order and presided. John v. Parker acted
ss secretary.
Vice President futile read the call for
the meeting and announced that the COM
pany could acquire the Providence and
Worcester road through its lease by the
New York, Pennsylvania and Boston. At
the time the road was leased, however, the
New York, Pennsylvania and Boston, not
being SO strong road as it lie to-day, tbat
company was obliged to concede certain
| better lease of the line was srranged. All
of the stockholders having copies. of the
proposed lease forwarded to them, 1t would
| not bs read unless some of the stockholders
asked for the same.
Upon the motion of ex- Governor Bulke-
| ley, seconded by Henry Abbey of Eufeld
| it WAS voted to take action on the fulioT-
| ing resolution:
! Resolved, That the lease Of the railroad and
| property of the Providence and Worcester Rail
| road 'npany to this company, dated December
| spective parties thereto, unaer the authority of
their respective boards OF die 5ctors and this day
submitted to this meeting, be and the same is
| hereby approved.
! The lease is for ninety nine years.
| Messrs. Barnett and G. W. Curtis were
i appointed tellers One huadted and seg-
| enty thousand and eighty six eharee Of
! etock were represented at the meeting and
! votes on that number Of shares were cast
| Mr Henry L Coed Sin of East Hartford
! was among thoae present, aad while So
| votes were being cast he arose and was zee
| ognized by the chair. Mr.. Good vim said
that LOCO shares of the stock Of the
| New York, New Haven and Hartford wore
sold to take up stock of the Stamford and
| New Canaan. The stock was sold fuI
1888 30S so, bu. in the last report the pra
MUM was reported at only $115, 400, whils
| in Mr.. Good wins opinion II should havs
been S153, 300 So Mr Goodwin thes
| wished to know what had become of tins
bslance of 500 90S.50
J. P. Beach of Cheshire rose to a point
of order. He sad the matter of Mr.
Good wins was entirely foreign to this
meeting and should be brought up at az
annual meeting
| Mr.. Goodwin was ruled cut of order by
the chair. He appealed, and when ths
| 70 foIa Tufflo
mously sustained.
The vote On the ratification Of the LEASE
was unanimous.
Mr.. Goodwin had several copies of {
circular relating to grievances of his. HI
intended - have several of the stockhold
ers sign it, but had given up the idea. Th.
circular is as follows:
The undersigned, sto kholders in the New
| pany, hereby enter their protest against tn,
action of Charles P. Clark, president Of the com
| held October 10, 1892
| Their reasons for such protest arc:
| /. Because the said Clark, while acting as pre-
siding officer OF he m retin Enough not chosen
by the stockholders to preside) put to vote thu
question of approving the minutes of the pre-
| opportunity to remark upon the question, or t.
point out tho inaccuracies claimed to exist IL
| 2 Because said Clark put to vote the question
| of accepting the annual report Of the director
l
| on that question
| 8 Because said Clark refused to entertain .
| motion to reconsider the vote accepting the an
nual report
| 4. Because said Clark after recognizing
stockholder who had addressed him, while Il,
question was pending, and after thus award
ing that stakeholder the floor, ruled that de
bate was out Of order and that it would not b.
permitted until after the stockholders had chosel
| directors for the year then ensuing, and hat
| voted on the question of approving leases o
Certain railroads made by the directors Of thu
| company.
| g. Because that while a stockholder held tn,
| floor which had been awarded him, by tn,
chair, the said Clark permitted another stock
| holder (reported to have been OF thu
| directors) to make motion that the meeting
| proceed to vote for directors, and to vot
upon the approval Of the above mentioned
| leases.
| g. Because said Clark refused to entertain
| QUESTION of order, which was: That it was not ii
| order for the chair to entertain a motion made
by another stakeholder while one held the foo
| which had been awarded him
| z because said Clark took the ground and an
| nounced, in substance that tina meeting was helt
| to act upon certain measures specified by the oi
rectors in the call of the meeting, and that ''un
| til such measures had been sctod upon the chat
| Yves not ready to listen to GRAFTON from A. /
| or c. thus practically ruling that no discussion
of the action OF the directors nor of the sdvan
tages or disadvantages OF the leases made b,
| them would be permitted
| Inasmuch each of the above describal of thu
said Clark was in utter disregard OF the acc-ptet
| rights OF stockholders, and tends to establish
dangerous precedent, the undersigned protes
| against the same and ask that their protests b,
| entered upon the minutes OF this meeting.
| HENRY L. GOODWIN, IS shares.
| HENRY L. GOODWIN, Trustee, 80 shares.