The Saint Paul globe., 1896-12-08
YELLOWSTONE PARK ASSOCIATION
is PLANNING SOME EXTENSIVE
IMPROVEMENTS.
STOCKHOLDERS ARE ON HAND
AT THE ANNUAL MEETING TIC
ARGUE FOR A DIVI-
DEND.
F. b. CLARKE MAY RETURN HERE.
Position of Traffic Manager of the
Great Northern May Be Again
Established.

The annual meeting Of the Yellow
stone Park association was called to
order yesterday according to the legal
notice published In the papers, but ow-
ing to the fact that the application for
an Injunction against the majority of
the stockholders and the Northern Pa
cific Railway company was still pend
ing in the courts, the session was post
poned until the afternoon, in order to
await the action of the court
The stockholders did not have long
to wait, as at 2 O'clock word was sent
down to the Northern Pacific that the
court had refused the prayers Of the
petitioners and had annulled the appli-
cation for the appointment of a re-
ceiver for the Yellowstone company
and also an injunction restraining the
majority of the stockholders and the
officers from holding the annual meet
ing. The refusal Of the court to grant
the petition left the stockholders free
to hold the annual meeting as adver-
tised, and the session was called to
order at 8 O'Clock.
The dissatisfied stockholders were
fully represented, Gen. w. Sanford. of
st. Louis, being present to represent
them. Charles Gibson, another of the
objectors, was also present. -Four thou
sand five hundred shares out of 1000
were represented. The capital stock of
the company is about -$5O0.000 The
others present at the meeting were w
G. Pearce, president: j. w. Kendriek.
vice president; G. e. Gibson, J. W.
Dean, general manager of the COM
pany; Charles S. Fee, q. W. Winter,
and Edward D. Adams. Of New York,
chairman of the Northern Pacific re-
organization committee.
Gen. Sanborn represented the inter-
ests Of Richard e. Perry. James F.
Robb, Dwight r. Davis, Samuel
Davis, Charles Gibson Charles
e. Gibson, Maria J. Davis,
John 7. Davis and others, most Of
whom reside in ST. Louis. The above
named parties objected to the course
outlined by the majority of the stock
holders, practically speaking. and in
stead of sanctioning the outlay Of more
money, they wanted the contents Of
the treasury disbursed in dividends,
claiming none had been declared in
two years, although the revenue had
continually been greater than the out
lay. The majority of the stockholders
were overjoyed at their victory, and at
the afternoon session took steps look
ing toward the investment of some
thing like $225,000 in permanent i'm
provements in the Yellowstone Nation
al park. The Improvements consist of
four new hotels, ranging from $4,000
to $40, geo; three new lunch stations and
other works Of a similar character One
of the hotels, if erected, will be built at
Tower Springs to replace the one de-
stroyed by fire. The stockholders were
not ready to vote upon the matter yes
terday and referred the matter to a
committee consisting of w. G. Pearce
w. B. Casey, of Boston, and c.. E.
Gibson, of St Louis. This committee
| will investigate the proposed improve
ments and report at as early a date as
| possible. 1t is practically assured that
the improvements will be carried into
effect. The action of the court in re-
fusing to grant an injunction against
the majority Of the association and in
| refusing to declare the concern in
| solvent practically settles all opposi-
| tion, unless the minority begin an at
| tack along some new line. The Yellow
| stone Park company is decidedly val
liable. The railroad company realized
nearly 100000 in profits last year from
| their management of this great nation
| al curiosity. 1t is said the disgruntled
| stockholders suspect the Northern Pa
| cific Railway company of designing to
! secure all of the stock, and have an ex-
elusive ownership of the park fran
chise
At the meeting yesterday, Edwin w.
| Winter, H. P. Upfam and James II.
| Dean were elected directors to succeed
J. w. Kendrick, W. G. Pearce and C. e.
| Gibson. The directors will very likely
| meet today to elect officers for the en-
suing year.
Speaking for the side Of the dissatis-
fed faction, Gen. Sanborn said yester-
day afternoon: "The association has