New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-16
SOUTHERN RAILWAY BEATEN
1T FAILS to SECURE THE QUEEN AND
CRESCENT
THE SYSTEM ELECTS THE ENTIRE TICKET OF
THE CINCINNATI. HAMILTON AND DAYTON

THE CINCINNATI. HAMILTON AND DAYTON
SYNDICATE AT THE ANNUAL. MEETING.
Cincinnati oct 15.-At 10 o'clock this morning the
principals in the fight for the final control of the
Cincinnati Southern Railroad began to arrive at
/ the general Offices of that company. They repre-
scented two great railroad systems, both anxious to
secure control OF the property. interest is the
Cincinnati, Hamilton and Dayton syndicate The
other is the recently organized Southern Railway
Company OF which Samuel Spencer Is president
and of which DreXe Morgan & Co. were the chief
organizers and promoters. Receiver FELTON,. OF the
Southern road. called the meeting to order few
minutes after 10 O'Clock. The first business con-
sidered was the report of Mr.. FELTON,. 1t shows
the total earnings for the year be $3.50 go a.
and the expenses for the same period $3.50 2l5 s.
leaving net earnings s9l. 76i T. Compared with
the earnings of last year. there is n decrease OF
q, but a large decrease Is shown in oper-
ating exper SEES.
The following dire ctors elected: s X FELTON,.
G. c. Harvey. T.. w. Kittredge, AeXar der Melon
aid Lawrence Maxwell, jr II. +. Shoemaker, Alfred
Sul,y, NJ. II. oodfori and Eugene Zimmerman.
The entire ticket put up by he Cincinnati, Hamilton
and Dayton people went through. The first vote
WAS cast hy Mr.. !.auterhaCh. the New-York attor-
ney, who is Baron Erianger's representative and
who offered the proxy for the 10000 shares Of stock
held by the Alabama Great Southern Railway
Company
Townsend Morgan. representing ,:e Central Trust
Company. of Ner-Y FORK. filed a protest against Mr.
Lauterbachs vote being accepted, on the ground
tha: the shares of stock for which Mr.. Iauterbach
he'd the proxy were 4 portion of the stock which
had been given security for the Cincinnati eN-
tension bonds given by M-ssrs Brce and Thomas
TO Baron Erlanger in payment for the controlling
Interest Of the Alabama Great southern road The
proxy Mr.. Lauterb1ch offered fer the 1900 shares
was from ,he Alahaml Great southern Railway
Company. Limited, OF London. which company was
the Alabama Great southern Railway Company.
The pro=y accepted AMI The vote counted.
C. G. Harvey then offered the proxy Of the Flower
holdings. ard i, was accepted without protest
Mir. Morgan offered the proxy OF the Central Trust
Company for 900 shares Mr. l.auterb1ch filed a
protest against the acceptance of the vote on he
ground that Henry \. Taylor Is the owner Of s.
1900 oc tn Cincinnati Extension bonds, being a
majority Of the issue and WAS entitled 10 vote the
STOCK IN question as il was held by the Central
Trust Company. OF New York. security for those
bonds Mr.. Lau.erbach stated that Mr.. Taylor
had asked the Trust Company for a proxy TO vote
the stock the 18th inst. but that the proxy had
been given to the opposition. The yot" was ac-
cepted, however. by the tellers This stock voted
Thomas We're required to pun up WIN me CentIai
Trust Company when thy gave Hiron trians'r
Ir, S,hr ii, 1J Cincinro Xre6r
leans and Texas Pacific Company They originally
deposited $4,000 in cash which remained with the
curing on The market 5000 shares Of cincinnati.
New Orleans ana Texas Pacific stock which they
deposited with tn Central Trust Company and took
down their cash. This gave ;fice ana Thomas. with
1900 shares in the Alabama Great Southern road.
the controlling interest in the Cincinnati Nrw-Or-
leans ana Texas Pacific Company without depend
ing upon the Flower stock. The other stock was
voted without protest.
To-days election plainly developed the fact that
Notwithstanding that the Cincinnati Hamilton ana
with Baron Erlanger for Cincinnati Extension
bonds. the Baron still controls the Alabama Great
Southern ana also the Cincinnati, New-Orleans anu
Texas Pacific through his holding OF the lCyy,
Texas Pacific stock with the Flower holding to help
him. and the stock Of the Alabama Great southern !
all except nine or ten shares Of the stock OF
the Alabama Great Southern Railroad OF this |
country. The Baron when he sold out the con
trolling interest in the Alabama Great southern |
and Cincinnati, New-Orleans and Texas Iacihc. |
never let hts voting powers In those companies.
hut tied both Brce and Thomas up as tight as
cnnati Extension bonds Ia payment with proNso
the effect that If the bonds turn out al right
You get the stock OF the Alabama Great Southern
and Cincinnati Ncw-Orle ans ana Texas PACING, but
II they don't will keep them and vote them Tor
you" That is what the Baron did during the Bricr.
Thomas regime on the Alahma Great southern ana
Cincinnati New-Orleans ana Texas Paclic ROADS.
and what he did to-day.
The annual meeting OF the Alabama Great South.
crn stockholders at Birmingham. ana IN" annual
meeting Of the Cincinnati. NcWbrlcans ana I"Nas
Pacific stockholders merely preliminary sklr-
mshes the real battle FOR possession Of the Ala
bama Great Southern and Cincinnati Ne" Orleans
and Texas Pacific which Will take place when IN"
majority Of stock Of the Alabama Great southern
I; abroad Company G.imitcd OF England. Is sold
al foreclosure to satisfy the claims OF holders OF
'iuctnnafi Extension bones. tn" new Board OF
Directors viii organize by clcctng officers later
If The Southern Railway BIDS in the property at
the foreclosure sale. or the CINCINNATI Hamilton
win be such that the holders OF the Cincinnati
Extension bonds viii beH'ht.