The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-15
a FIGHT FOR CONTROL.
Lively Times at the Cincinnati, New
Orleans and Texas Pacific Election.

Cincinnati, o., Oct. 14-At the annual
meeting of the stockholders OF the Gin
cin1ati, New Orleans and Texas Pacific
Railway Company, to be held at the gem
eraI Offices here tomorrow, there will be
two tickets for directors in the field. One
ticket will be made up by the Cincinnati,
Hamilton and Dayton syndicate people
and the other WILDE a ticket representing
the Southern Railway rexel-Morgan in
terest..
The Cincinnati, Hamilton and Dayton
people have booked six of the present
members of the board of directors TO
retire. Those who are to go out are
Messrs. Brice, Thomas, Lauterbach, Nc
Ghee Weir and Anderson of this city.
These gentlemen are to be succeeded by
II. F. Shoemaker, Alfred Sully of New
York and T. w. Kittredge, Lawrence
Maxwell, Jr., NJ. d. Woodford and Eugene
Zimmerman of Cincinnati. The other can
didates on the Cincinnati, Hamilton and
Dayton ticket are S. n. FELTON,, Jr., c. c.
Harvey and Alexander Mcdonald, all of
this city. Out of the 80, 900 shares of Gin
cinnati, New Orleans and Texas Pacific
stock the Cincinnati, Hamilton and Day
ton people will be able to vote l5 800 for
their ticket. These two blocks of stock
are the 10000 shares owned by the Ala
bama Great Southern, or in other words
by Baron Erlanger, and the $500 shares
that are held ia England, and which are
known as the Glover" holdings.
1t has been claimed all along that the
Southern railway people We're endeav-
Cring to secure control of the Queen and
Crescent system through the purchase of
the Alabama Great Southern railway, and
had offered the Cincinnati, Hamilton and
Dayton syndicate $500, 900 more than they
paid for the majority OF the Cincinnati
extension bonds President Spencer of
. 70
ported to have denied that such was the
case and said that the Southern Railway
Company did not want the Queen and
Crescent lines.
The ticket for directors to be presented
at to-morrow's meeting, and which
Messrs. Greenough and Crawford are here
TO present, shows plainly the Southern
Railway Company DreXel-Morgan ear
marks. The candidates on this ticket are
S. NJ. Fulton, Jr., c. c. Harvey, w, z.
Anderson, Aug. Goodman and NJ. d.
Woodford, all of Cincinnati; Samuel Spen-
GER c. II. Coster, W. c. Greenough and II.
F. Shoemaker of New York.
The Southern Railway-Drexel-M Morgan
people have 5000 shares of stock that it is
known they will vote at Mondays cleo
ton. This block of Cincinnati New Or
leans and Texas Pacific stock was de
posted by Messrs. Brice & Thomas with
the Central Trust Company, Of New York,
when they bought the Alabama and Great
Southern railroad for Baron Erlanger.
and through that purchase secured the
control of the Cincinnati, New Orleans
and Texas Pacific railroad The 5000
shares of the Cincinnati, New Orleans and
Texas Pacific stock deposited By Messrs.
Brice & Thomas with the Central Trust
Company, was put up by these gentlemen
in addition to majority of the Alabama
Great Southern stock, to secure the pay
ment of the Cincinnati extension bonds
given Baron Erlanger when the control
of the Alabama Great Southern was pur-
chased for him. The proxy to vote the
1000 shares was secured by the South
ern railway interest. although President
Woodford of theCincinnati, Hamilton and
Dayton, said that When Mr. Taylor and
his associate, Baron Erlanger, bought
the majority of the Cincinnati extension
bonds, before closing the deal they were
assured by Mr.. Olcott of the Central
Trust Company, that the 5000 shares Of
the Cincinnati New Orleans and
Texas Pacific stock held to Sc
cure the Cincinnati extension mort
gage bonds would be voted by the
Central Trust Company as directed by
the holders of the Cincinnati extension
bonds which are the Cincinnati Hamll-
ton and Daton syndicate.
There is not likely to be any legal in
reference tomorrow. Mr.. Greenough
said last night that while the Southern
railway was anxious to get hold of the
property as Cincinnati was the gateway
between their lines and New York, they
would probably wait and buy the stock.
The election will amount to nothing, as
the road Is in the hands of a receiver
and viii remain so beyond the terms of
the directors. The suit in foreclosure
will result in placing the stock on the
market at auction, and the party which
bids the most will get it, and more cannot
be known until after the sale. The
Southern Railway Company win be
bidder, and as it controls nearly 5000
miles of southern roads and has all the
capital that it wants 1t will be likely to
bid all that the stock is worth.