The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-16
BATTLE FOR A RAILWAY
FIGHT FOR THE CONTROL OF THE
CINCINNATI SOUTHERN.


I the night for the final control OF the Cin-
cinnat Southern railroad began to ar
pany. Tney represented two great rail-
road systems, both anxious to secure
control Of the property. The first in
teTest is the Cincinnati Hamilton and
Dayton; the other is tne recently or
ganizeG Southern Railway Company, Of
! which Samuel Spencer is president. ana
OF which DreXei Morgan & Co. were the
| chlef Organizers ana promoters. ke-
! celYer FELTON,. Of the Southern road,
called the meeting TO order. The first
| business considered was the report OF
President and Receiver Samuel NJ Fel-
! ton. II shows the total earnings for
the year to be S3,j7G.19 ~, and the *
! penses for the same period S2,GGj, 2lj.5J,
leaving net earnings @JIl ltGi.12.
ompaIed with the earnings OF last
| year there is decrease OF Sj96, J97.24
| but large decrease is shown i'm operat
! ing expenses.
The following directors were elected:
! o ~ felt0n, {. &. Harvey, r.. W.
| hettrdge, Alexander Mcdonald Lawrence
Maxwell, NJ. ID. Woodford. eugene Ziu-
MeIman, CINCINNATI; II. r.. Shoemaker
! ana Alfred Sully New York. Felton,
Jrafttey ~ ana Mcdonald are the only ones
OF me old board reelected They were
on Doth tickets. and received y GO votes
our OF Inc 5000 shares voted. The other siy
directors each received 22,670 all OF them
I,eing In the Cincinnati. Hamilton and
layton syndicate, that now secures con-
troi OF the Queen and Crescent roufe as
soon as 1t is out Of the hands Of a re-
telper. terDei All the Cincinnati Southern in
teIealS Foied with the Cincinnati HamIl-
ION ana Dayton interests which bad a
majority without the contested vote Tho
OPPOSITION voted only 500 shares. The
IN 5eIlrlhs directors are Thomas, Brice.
GOODMAN, Anderson, Weir and McGhen
The first vote cast was BY DR.. Iautcr-
Dach' me New York attorney. who "a
baron Erlangers representa- tive. and who
oLeIeI einc ,i9 Ihe proxy FOR the 1000 shares OF
STOCK REID by the Alabama Gre9t South
ern Railway Company. Mr.. Norgen
representing the Central Trust Company
III = Ne% Qrk, fled a protest against Mr.
d~dI,,,5 % vote being accepted on the
Mr Lauterbach held the proxv vv"ro a |
portloh or the stock which had been given |
as security Tor the Cincinnati extension |
as to I've, Liyen T ny Messrs. Brce and Thom-
a. aS 70 iittaron Erlanger I'm payment for tbe
CSohtrolIing interest Of the Alabama Great
ooGthern railroad The proxv Jr -
ssr1nach offered for the 1000 shares was
yay Cdr,,,AIab me AIabama Great Southern Rail.
on, cc,pl'iII55nX I5IX was the Alabama Great Soiifbl
:, oIn IN railway Company. Tba nrovv U,ns
g. Geo = ~ nnn me vote counted ~
tba tIiarvey then offered the proxy Of
can't IoWef holdings, and Il was ac-
'epted without protest.
MO GfN'- PROXY ACCFpTPD
Cd,',Slie U,whisemd Morgan, who represented the
oCfs1i trust Company, of New York
: eomg' m ca the proxy of the company Tor
teCt saai,S. SlaiteS. AR. Lauterbach filed pro-
-" ~. IHe ground that Henry A. TayIor iS
'u9 owner OF $500 900 of the Cincinnati
ilAtehSlon bonds, being a majority of The
In g,Ii,osa;nnu anu was entitled TO vote the stock
w. ~, quesion, as ii was held by the Central |
IIGst company, of New York as So
.uIily Tor those bonds. Mr. Lauterbach
Italed r,,,tt mat mat Mr.. Taylor had requested the
trust Company for a proxy 10 vote tbe
Stock on the 18th Instant bnf tbaf III
roxy had been given to the opposition
-iS VIZ WAS accepted, however, by the
,H.IS' rms stock voted by Mr Morgan
, tIe o'Wo Sndres that Bricc 81 Thomas
Sere required TO put up with the Central ]
rust company when they gave Baron ]
ranger the G,OUO0O of Cincinnati on
ehSion ponds In payment for the control !
iS interest IN the Alabama. Great South |
IN ana Cincinnati, New Orleans and Tex
$ idCllc Company. They originally de- J
oSiled $jVO,WJ IN cash, which remained | !
lth lhe central Trust Company until .
hey- succeeded in securing on the mar 5
@t 1850 shares of Cincinnati New or +
ans ana Texas Pacific Company stock, o
men they deposited with the Central |
ASH. This gave Brice d Thomas. with
,WD shares an the Alabama Great South D.
rn road, the controlling interest IA the
incnrati, New Orleans and Texas Pact
g Company, without depending upon the g.
Flower stock. The other stock was ! 4
oted without protest. f.
D.. BAR SILL IN con rRof. 10
To-day's selection very plainly develop >
! the fact that. Notwithstanding that the ~
Hamilton ana Dayton synii- =,
tie have made some sort of Il deal -
nh Baron Erlanger for the Cincinnati =
tension bonds, the Baron still cont. OILS Li
e Alabama Great Southern and also tn. -,
ucinnau, New Orleans and Texas si
icihc, through his holding OF the lQO0J fs
ares Of mortgaged Cincinnati. New Or h,
ans and Texas Pacific with the Flower ~
iding to help him, taud the stock of IA
e Alabama, Great Southern Company m
lited, of England, which company Owns su
except . or 10 shares of the stock Of mn
e Alabama Great Southern railroad of IN
Is country. le.
'he Baron, when he sold out the con- ar
lling interest in the Alabama Great so
uthern and the g., " .. and T. r. du
Yer let go OF his voting powers In | %
pse companies, hut tied both ice ana or
0mas up as Tight as "a burg ar PROOF | /
.e lie acc pted he 100000 Cine nnati Sh
tension bonds iu payment. with a pro Oh
10 TO the effect that II III bonds ST.
n out all rieht you get the STOCK Of su
Alabama Great Southern and the pc
iGihHau' New Orleans and Texas
.ifc, but If they don / keep them u
nat IS what the Baron did duri-. the
zee hollas regime on the Alabama ""
Eat southern and Cincinnati New Or p
did to-day. sta
o. TfINApY SKIRMIsHrs. exa
he annual meeting of the Alabama on,
'at southern stockholders at Birmiug- "A
n. and the annual meet ng of the Cu- ! pro
nau and New Orleans and Teyas pa per
C. stockholders, are mer ly prel minarv lOr
finishes to the real battle for possess for
2 OF the Alabama Great Southern nd
CINCINNATI, New or cans and Teyas
INC, which will take place when the
jQrity of stock OF the Alabama Great Ral
thgrn railroad is sold at foreclosure
'ath'Iy the claims of the holders Of the y
ri of diraotor., I'm 'orlIa (,. ne new Thu