New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-15
THE PENNSYLVANIA ANNUAL MEETING
MANY OBJECTIONS RAISED BY w. f. LOCKWOOD

MANY OBJECTIONS RAISED BY w. f. LOCKWOOD
on BEHALF OF ENGLISH STOCKHOLDERS.
Philadelphia. March 11.-Cut-ide OF the manifold
objections made by VI. f. Lockwood 10 everything In
general and 10 the management in particular. the
fory-sxh annual meeting Of the stockholders OF the
PENNSYLVANIA Railroad Company, In Musical Fund Hall
this morning was Il special feature. 1t begun at IL
o'clock. and adjourned ffty.two minutes later, but
during that period Mr. lockwood. who said he repre-
scented English and American Shareholders was on
his feet almost continuously. The initial move was
made by Mr.. Lockwood In nominating President George
b. Roberts. as chairman. The president declined to
serve, and Richard Nanx ord John sims, secre
tary OF The company, were respectively chosen as
chairman and secretary Mr.. Lockwood then wanted
PRESIDENT Roberts to take SCAT on the platform so
that he could answer questions This was allowed.
but no questions answered.
The thirty one pages OF the annual report which
was published were then considered seriatim, and
FOR abont every page Mr.. lockwood had somehi ng
to inquire His inquiries were all taken down steno-
graphically, and will be considered BY the incoming
Board OF Directors. When this had been concluded,
Mr.. lockwood offered, through General Lewis Wagner
as spokesman. thirty eight intricate questions for
President Roberts 10 answer. They were prepared
by English stockholders from last years report and
were as varied As they numerous. The object
Of Mr.. Lockwood 10 have the president reply to
queries which II said he evaded when I'm England
on recent tour. and Mr.. Lockwood moved that the
queries be referred TO the president and the incoming
directors. The motion was lost.
Mr. Lockwoods next step WAS 10 offer a resolution
pro'idhg Tor tlre creation Of executive committee
Of The Board OF Directors. the chairman OF which
shall be- the ranking officer OF the company and shall
be elected us the president now IS. The resolution
further provided that the chairman shall preside at
meetings OF the shareholders and directors This
referred to the new management.
Next the same gentleman presented q resolution
prohibiting the president and the Board " Directors
from leasing the property and franchises OF the
panv TO any syndicate Of individuals or corporat ions
without first submitting their action to the sharehold
ers for approval. This was laid on the table
Lewis Elkin moved that the annual report be ac-
copied and vote Of thanks be rendered the presi
dent and Board OF Managers. THIS caused Mr. Lock
wood TO present amendment q series Of rc,Olu
lions providing for the appointment by the chairman
OF "A committee Of five shareholders. disconnected from
the operation OF the road. 10 inquire into pending
contracts with the Adams Express Company and
Pullman Palace Car Company and the working and
expenditures Of the general agents Office. etc.
Captain Green SECOND ,icc-president, vigorously de-
nounced Mr.. Lockwood for making farce Of this and
previous annual meetings. and moved that the amend.
mcnt be laid on the table Mr.. LockwO0d's reply
was that II anything should hang the management
higher than Pamar' 1t should be- the company $
contracts with tie Pullman Palace Car Company,
which are shattered In infamy."
The resolutions were tabled, and. after the chair
man OF the meeting had been requested TO appoint
seven shareholders 10 recommend, after comforting
with tn. pro dcit a ticket Of directors to be voted
for the report OF the preside nj was alOpten, Mr'
Inrkwood alone voting IN the negative. The meeting
which was fairly we'll attended. then adjourned