Birmingham age-herald., 1894-10-16
THE CINCINNATI SOUTHERN Goes to the Cincinnati, Hamilton
 and Dayton.
THE SOUTHERN GETS LEFT
Erlanger Shows. His Ability to Control, and the Votes
 Go Accordingly.

CINCINNATI, Oct. 15.-At 10 o'clock tn morning the principals in the fight .or inai control of the Cincinnati Southern railroad began to arrive at the general offices of that company. They represented two great railroad systems, both anxious to secure control of the property. The first interest is the Cincinnati, Hamilton and Dayton syndicate. The other is the recently or ganized Southern Railway company, of which Samuel Spencer is president, and of which Drexel Morgan & Go. were the chief organizers and promoters.
 Receiver Felton of the Cincinnati South ern road called the meeting to order few minutes after 10 o'clock. The business considered was the report of the president and receiver, Samuel M. Felton. It shows the total earnings of the year to be $3, ,576,- 979. 1T, and the expenses for the same pe- riod $2 ,665, ,215 35, leaving tue net earnings at S9l1 ,764. F. Compared with the earn ings of last year there is decrease of S536, 999 24, but larga decrease is shown in the operating expenses.
 The following directors were elected: 5. M. Felton, c. C. Harvey, B. w. Kittredge, Alex Mcdonald. Lawrence Maxwell, M. D. Woodford, Eugene Zimmerman, Cin- cinnati; H. F. Shoemaker and Alfred Sully, New York.
 Felton, Harvey and Mcdonald are the only ones of the old board reelected. They were on bo.h tickets and received 27, ,670 votes out of the 30,0o0 shares voted. The other six directors each received 22,- 6sO, all of them being in the Cincinnati, Hamilton and Dayton syndicate, which now secures control of the Queen and Crescent road as soon as it is out of the bands of receivers.
 All the Cincinnati Southern interests voted with the Cincinnati, Hamilton and Dayton interests, which had a majority without the protested vote. The opposi- ton voted only 5000 shares. The six re- tiripg directors are: Thomas, Brice, Good win, Anderson Weir and McGhee.
 The first vote cast was by Lauterbach, the New York attorney, who is Barron Err langer's representative, and who offered the proxy for the 10, GOO shares of the stock of the Alabama Great Southern. MT Moi. gan, representing the Central Trust company of New York, filed protest against Lauterbach's being accepted on the grounds that the shares of stock which L1ulerbach held the proxy proxy for were portion of the stock which had been given as security for the Cincinnati extension bonds given by Messrs. Brice and Thomas to Baron Err langer in payment of the controlling in- le,est of the Alabama Great Southern rail- road. The proxy MT. Lauterback offered lof the 10 GOO shares was from the Alabama G,aat Southern railroad, limited, of Lon do1, which company was the Alabama ITe9E SOubnefu hdllTOdu COu1phuy. uo pro KY was accepted and the vote counted.
 c. .. Harvey then offered the proxy Of the Flower holdings, and it was accepted without protest.
 Townsend Morgan, who represents the Central Trust company of New York, of shares.
 MT. Lsuterbach filed protest against tile acceptance of the vote on the ground that Henry A. Taylor Is the owner of 3O01 .l. <,o( inp nnfin nvto ali being majority of the issue, and Question, Uas on,''ss as is t was Was held by the Central Trust company of New York as se- caIity for those bonds. MT. Lauterbach stated that MT. Taylor had requested the trust company for proxy to vote the stock on the 18th instant, but that the proxy had been given to the opposition. The vote was accepted, however, by the tellers. .
 The stock voted by Morgan is the 5000 shares that Brice and Thomas were re- quired to put up with the Central Trust company when they gave Baron Erlanger the $6, ,O00, ,000 of Cincinnati extension bonds In payment for the controlling In; Cincinnati, New Orleans and Texas Pa cific railroad companies. They originally deposited $500 900 in cash which remained with the Central Trust company until 5000 shares of Cincinnati, New Orleans and Texas Pacific stock, which they deposited with the Central Trust comr any and took down their cash. This gave Brice and Thomas, with 10, ,000 shares in the Alabama Great Southern road, the controlling inter- est in the Cincinnati, New Orleans and Texas Pacific road without depending upon the Flower stock. The other stock was voted without protest.
 Today's election worry plainly developed the fact that notwithstan the Cincin- natl, Hamilton and Dayton syndicate have made some sort of deal with Baron Er- langer for the Cincinnati exteision bonds, the Baron still controls the Alabama Great Southern, and also the Cincinnati, New Orleans and Texas Pacific. through the gage bonds of the Cincinnati, New Orleans end Texas Pacifc stock (with the Flower holding to help him) and the stock of the Alabama Great South ern compAhy limited of England, which oompsny owns all except nine