New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-15
the hands OF receivers there is likelihood OF any
such strength as there last year,
THE MLEOD TICKET WINS.
ANNUAL MEETING OF THE STOCKHOLDERS
OF THE w-ENGLAND ROAD.
SPECIAL COMMITTEE TO INVESTIGATE The
ALLEGED QUESTIONABLE TRANSACTIONS
REFERRED TO IN PREsI DENT
PARsONS'S REPORT.

Boston, March l4.-Thc annual meeting OF the
stockholders OF the New-York and NewEngland Kaii-
road was held In the Melonaon this morning ana the
ticket headed by Archibald a. Mcleod was eiectcd DS
a large majority.
The meeting was called to order at ii O'CLOCK by
Charles a. Prince, and In the absence OF the P'"pc'
officers A. A. Mcleod was unanimously chosen 10 pre-
side, being greeted with hearty applause secretary
james ". Perkins read the report Of the last mceuhs'
The reading Of President Parsonss report WAS waived
Mr. Brnndeis counsel for Goldsmith ~ Co., op!'c''u
to certain statements in the presidents ahl.i ''p'
and asserted that 1t should not be accep'eu u! w"
stockholders before the truth OF those s'"'e"''' nav
been ascertained lie therefore presented Resolutions
directing that in view Of the charges In the pFsiue'
report in regard TO the Justification of car accounts
fraudulent management OF the NewEnslahd lc'"'.'"'
Company and other charges, and In view OF inc Ia''
that 1t was proposed 10 elect to Nhcc some vi .ic "
responsible for these frauds. special comhleee VI
three persons from the stockholders. not ohoc'' vi
directors, be appointed to inquire into the cohheo
of these persons with such frauds, ana 10 r'Po''.
lie argued that the frauds charged were unique anu
that II was due 70 the Stockholders, the other roads
defrauded and the community that the charges should
be thoroughly Investigated. ApplauseJ MI Dram
deis argued the point at length ana Saiu 'ia' ''''0
directors innocent Of completely IN such ch'rS'S WIZ
entitled to vindication and those rcsponsipic no'""
be thrown out and the attention Of the District
Attorney should DC CllltN 10 'H'H an" NV ~'"'
called for a stock vote on his moloh'
x,ce prosdent Charles A. Prince declared that Mr.
nrandeiss motion and the entire series OF suits VI
Goldsmith g. Co., against the ROAD were ocsiShcu "
cripple the New-York and Ncw-Engiand ID 'he III
tcrest of other roads. The management OF tne roau
did not deserve the stigma placed upon H. -"
New.EnglaDd terminal scheme was tentative olo
to secure what the company so sadly necoeo' me-,
TO New.York City an advantage which the Cod
smith suits had so far prevented from gaining Inc
road was difficult property TO handle, with al sur
rounding roads against II but Its salvation conlo
not be secured by following the advice OF those VINO
would destroy 1t.
Mr.. Brandeis reto,ted that Mr.. Prince spoke for
the directors but tina; the man who made the chais's
was the one whom Mr.. Prince and his friends had
elected President year ago. The speaker called
attention TO the fact that an Injunction prevented
the directors from paying in 1902 dividend on the
preferred stock which had Mt been earned ana 'hat
IL now appeared from President ParNons's report
that the dividend paid III 1901 had not been earned
He reviewed the Goldsmith suits ana asserted 'i'"
they had been brought TO protect the property. lie
asked that all business he SUSPENDED uhth INC ''"
CATION could be- held.
Tho discussion between Mcssrs l}randcs and Prince
was continued until nearly / o'clock. AT lis close
James Armstrong moved that President Parson''s re-
port and Mr.. Brandei,'s preamble and motion De
laid upon the table, The vote the motion resulted
as follows: Whole number 1is,l4o; necessary 10
table. 7+.O11; eyes, TO lay on tablet i'-'''i'
mo" $500.
Mr. Brandels, nothing dauntcd. presented pre-
amble and resolutions rccing In detail the alleged
questionable transactions outlined In his previous mo
ton. and calling for the appointment OF SPe'i"'
committee. consisting OF three stockholders VINO are
not officers directors Of the company 10 investigate
these transactions, and to submit TO the stockholders
at an adjourned meeting the result OF such invcsiiga
l,.tr nyar ON III.
The resolutions carried. with an amendment ny
Mr. Armstrong that the next meeting be called by the
president instead Of the special committee.
In view Of the mprac,cabllity o. procuring an as
slgnmcnt OF the first mortgage ON Curtis "han' ="
called Secretary Perkins was authorized TO purchase
the wharf under any foreclosure proceedings that may
be brought and to mort gage the same TO the Amcrich
Loan and Trust Company for $4,000. II was then
voted TO elect directors by stock vote. and nj 90
D. H. the polls we're declared open for one hour with
a certainty that, the fight being over. the McLcod
ticket would be elected At o'clock the polls were
declared closed and the vote for directors was an
nounced as follows:
Whole number OF shares voting 15s,o34 necessary
70 a choice 7OO13. A. a. Mcleod and Thomas l.
Flat 154 C47 each Joseph F. sinnot, Henry a. Du-
mont Chester w. Chaplin. samuel Il,ln"r. Charlcna gaze
Tower r. James ". Doaac chi as James ArnstI o. 9
Heasier jr, and Charles f. >ross, l57,434 rac4
:. ii. Prince and c. A. Prince, 1j4.G4i each; b. F.
Vaughan, a. BLOCK ana o ''''
Charles Parsons, Charles Parsons IT, and C IiT,
inmmls 2,7s7. The first nineteen were declared
elected 49,. 10000 o,..., ~
tho comnanv BIZ the provisions Of chapter II.
OF the Acts OF Massachusetts Of lo0i or any acts or
amendments thereof. and that the directors be
authorized to lease. upon such terms AZ they may
deem IT. the suburban RaurOad and 10 guarantee
principal and interest on the bonds Of said road
which have been may be Issued. In 80 FAR as
authorized bv law said interest not 20 exceed j
per cent, and 10 make with ma, road such o'hri
contracts to secure the construction and lease OF