The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-04-03
E. o. THOMPSON,
TAILOR, oLorHIBR AND IMPORTER
245 BROADWAY.
Between Park Place and Murray &,
CINCINNATI EXTENSION BoND,.
Be.sheIders Trying t. Find o.t what
Bsre- Erlssger's Deal Means.

BepsheIders Tryiag t. Find o.t what
B.ro- E-lssser's Deal Mea.s.
The meeting OF Cincinnati extension bond.
holders at the ONCE OF Poor d GreenouEh yes.
tsrday was attended By American holders Of
81. 900 bonds. Baron Erlanger and Mr..
Gustav + Kissell were present by Invitation.
and Baron Erlanger m ade speech defending
his aston In selling his bonds without first
consulting the conf ittse OF which his repre-
sentative was one Of the members.
There was general interchange OF opinions
after Baron ErlanGer had made this explana-
ton. and . resolution was offered providing
for the appointment Of q committee OF Ave
to investigate the proposition made by tho
Cincinnati. Hamilton and Dayton inter-
ests. and to ascertain also II better terms
for the bondheldsrs could not be made
In other quarters The names suggested
as members OF this committee were Messrs.
George Coppsll, John GreenouRh. Frederic
Taylor. and John ]. Waterbury of this city
and E. NJ. Needles. President OF tho Penn
Mutual Life Insurance Company OF Philadel-
phis. who represent together $500. 600 OF the
bonds objection was made to the resolution,
however. By Mr.. John Inman. and an adjourn
mont was taken until Thursday. IL wns the
sense OF the meeting that the American bond
holders should stand together. and each holder
present pledged himself not to sell his bonds
oo'ore tho hsNt meeting. IL was stated that
S3.OO0.O0l bonds. q bare majority. had been
secured In favor Of the proposed deal
Some further details OF this deal have boon
ascertained. 1t appears In the first place that
Baron TrlanGer sold his bonds outright for
sixty per cent. The new compnny a. air ADJ
announced. II to issue ts n st m or Ca ee honi~
income i'ond' and stock. In e. change for tiis
Cincinnati Extension Gol,.Is. ne ,rur.ty Ge.
verbal promise u made that the guarart1 Of
the Cincinnati Hamilton AMI Dayton Railroad
Company will be obtained on the first mori-
gage bonds OF the new company. The Ameri-
road company can we'll afford 10 endorse tho
bonds Of the new com rAny since 1t will gain
absolute control, u the arrangement g"a.
1 incinnsti Southern through the mnIorhi
bonds.
MANAGERS Of the new company. 1t 10 stipu-
lated that three OF these shall 10 u. A: Taylor,
Henry +. Shoemaker, and NJ. ID. Woodiord, al
and sns ihs nf the event.
in this trio the place Is 10 he fil led by the other
two The bondholders are allowed to MI tho
two remaining places with their representa-
tiyes. hut the control Is vested in the majority.
IL will be man ifestly to the interest Of the
Cincinnati, Ham Iton and Dayton to so manage
the two railroads controlled now by tho Gin
mako the proposed exchange shall receive in
terest only on the first mortgage bonds OF the
new company.
he done by the Cincinnati. Hamilton and Day
ton Railroad Company, no contract with that
company has been produced and NO evidence
kaRsmsnts proposed to he made for II By Mr.
II. A. TAYLOR or the purchasing syndicate that
bought Baron changers bonds.