The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-10-06
HOFFMAN ou1wlTs THEM
HB is ri E-ELBoTBD PRESIDENT
DEspIlTE THE INJUNCTION.
OLD soAa9 OF DIRECTORS REELECTED
Charles Decoursey, Of Philadelphia, Chosen in
Place Of Late John N. NobinsonTSe%
board Gets Week to Consider
Bill Of Fraud.

Norfolk. Va, Oct. 5.-tSpeeial)-The
seaboard and Roanoke stockholders, de-
suite Sinsonton's injunction, met to-day
aud reelected r. G. Hoffman president,
and the old board of directors except
that Chas. Chaunoey, OF Philadelphia.
was chosen in place Of the late John M.
Robinson and Mr.. w. r. Tucker, OF
Raleigh, in place Of Mr.. w. W.1Fuiier'
formerly of Durham, but now living in
New York.
Pnesident Hoffman's annual report
made strong showing for the system.
The pooled stock, which was restrained
IN the hands of the pooling committee,
was voted by its individual holders.
Immediately after the meeting Special
Master Cabell, who was appointed to
take testimony on the issue OF fraud
presented by Ryan in his application
for an injunction proposed 10
begin examining the books OF the COM
pany. The Seaboard asked for time 10
examine the bin, and after wordy war
were granted a week.
THE STORY IN DETAIL.
Norfolk. Va, Oct. 5.--tSpeciaI)- The
annual meeting of the stockholders of
the Seaboard and Roanoke RailroRd,
was held to-day at Portsmouth, Va, ut
the Offices Of the company. The meet
inx was largely attended, q great deal OF
the, stock being represented in person.
The sensational feature OF the meeting
was at the opening thereof-the reading
Of an Injunction order from the State
court, and two injunction orders from
the United States court read by the
State and Federal officers. prohibiting
voting under a pool agreement---by the
pool trustees-of certain shares of stock
OF the road. This rendered the work
of the committee on credentials anu
proxies very difficult, and as a result th'.
meeting did not adjourn until i've O'Clock
in the afternoon The committee care
fully excluded from voting every share
OF stock that was enjoined and refused
to allow the pool trustees:to vote any
stock under their pool agreement There
was. however, represented, either in per-
son or by undoubted proxies after a
careful compliance with the orders of
the courts, over 5000 shares being a
large majority of the stock.
After this Mr. Richard Curzon
Hoffman was reelected president and
the old board of directors was reelected
with the exception of Mr.. Charles
Chauncey and Mr.. w. II. Tucker, who
were elected to vacancies caused by re-
moyal of residence of Mr.. w. w.
Fuller and by the death of Mr.. Moncure
Robinson. These gentlemen received the
unanimous vote cast. Mr.. Henry Craw-
ford. representing the interests of Thos.
+. Ryan was present at the meeting and
Ia1 ffn ioIf 4 Ia oil f.f fhp
proxies and inquire into the right Of
persons present to vote, which was by
unanimous consent granted. The meet
ing taking a recess for that purpose after
making his investigation. Mr.. Crawford
continued present ut the meeting, but
raised no objection or protest to any
of the proceedings"
CHARGES AGAINST HOFFMAN.
Norfolk, Va, Oct. 5.--The annual
meeting of stockholders Of the Seaboard
and Roanoke Railroad was held in
Portsmouth to-day, and was largely at
tended by stockholders and their attor-
neys, This meeting was a very impor-
tant and interesting one by reason of the
fight between the Hoffman and Ryan
factions for the control of the stock OF
this road and incidentally of the Sea-
DOaTQ hlI-hiHC cyopCh't VI eAAA5
road is a part. A large proportion Of
tie $4,000 shares Of stock of the road
was represented either personally or by
proxy. A sensation was caused early in
the meeting by the service of an injunc-
ton order from State Circuit Judge
Prentis upon Thomas Ryan and his as
sociates, restraining them from voting
their stock, on the ground that said
stock had been transferred in violation
of the laws of the company
A little later deputy United States
MARSHAL Cross entered with an injunc-
ton order granted by United States Cir
cult Judge Simonton, restraining Presi-
dent r. Curzon Hoffman, L. r. Watts
and others from voting stock held by
them.
The Hoffman faction, however, had
about 5000 shares of stock besides that
which they were enjoined from voting
and reelected II. Curzon Hoffman presi-
dent and the old board Of directors with
the exception that Charles Chauncey
and w. II. Tucker were chosen vice
Moncure Robinson, deceased and w. w.
Fuller.
The two injunctions were needed, the
election being accomplished without vio-
lating them.
G. w. Walker, former master machin-
ist of the road, and w. J. Edwards, for
mer purchasing agent. in affidavits filed
HfiSRekf1xsfrexfn fnt HaT9SAKrk,