The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-11-12
A NEW YORKER PRES INT
WITH NUMEROUS PROTESTS
AND MANY OBJECTIONS.
RYAN SILL fEEPS FIGHTING
But the Meeting Was Almost Unit For the
Present Management Officers and
Directors Elected Directors
of the Other noaus


Castor Kailroad met at the old office
Of the company in this city yesterday ut
noon, and there seems to have been
1850 shares OF harmony and Il shares
OF discOrd in the meeting. The har-
mony part of the meeting was a unit
in favor of the present management
and control, the Il shares of d.scorI
concealed itself into a sort of a general
objection and demurrer to every thing
that was proposed.
Mr.. hyan, OF New York, the would be
Seaboard Airline owner, and his asso-
ciates were present in the sprighty and
energetic young legal parsonage, Mr..
John w. Hutchinson, Jr., of SO Pine
street, New York city, who with
small holding in Raleigh, represent
ed the q snares alluded to.
President Hoffman was present and
made his report. Mr.. Hutchinson was
quickly on his feet with an amendment
or a motion that the report be referred
back with instructions that in it should
be embodied the question whether or
not the Raleigh and CASTOR Railroad had
since the last general stockholders meet
ing become the owner by purchase of
certain Shares-1 800 in number-of the
stock of the Seab0ard and Roanoke
Railroad and also a specific report on
certain monies derived from the recent
bond issue other than the amount used
for cancelling old bonds.Judge Watts, the
attorney for the Seaboard Airline and
q large stakeholder could see no reason
for the amendment The report was full
and complete and perfectly satisfac-
tory to almost the entire stock interest
OF the Raleigh and CASTOR Railroad
Company, vote was taken on Mr.
Hutchinson's amendment and it was de-
feated by the decisive vote of II $40 to
Il. but this did not squelch the gen
tieman from New York, and on every
sther matter he was prominently pre-
sent with objections and protests writ
ten and spoken all of which were
promptly over-ruled He handed in a writ
ten protest against the old directors vot-
Ing on his amendment to refer back
their own report but his protests cut
out little figure in the meeting, the re-
port was adopted. and all the old officers
ana directors were reelected by the
same decisive vote, 11,S7O to q. Mr..
w. W. Fuller, Of New York, being
elected to fill vacancy on the Raleigh
and CASTOR board.
The report of the Durham
and Northern stockholders meet
ing showed net surplus over all
expenditures sufficient to justify the
stockholders in declaring a dividend OF
per cent on it's 1921, 900 of capital !
stock. This is good news for Durham |
and Henderson. IFS terminal points for |
cut Of this dividend these towns as |
stockholders in the road will get total |
Of $4,000, Durham getting $4,000, and |
Henderson $500.
President Hoffman made the statement
in an informal way for the benefit OF
Mr.. Hutchinson that under a resolution
BY the board of directors of the Raleigh
and Castor Railroad Company, that COM
s~n ~. lad purchased certain shares of the
Seahoard and Roanoke stock, all of
which had been or would be duly re-
ported to tie Board Of Directors. The
Raleigh and CASTOR Directors are Mr..
Louis McLane, Of Baltimore; Judge
Leigh r. Watts, of Portsmouth: w. w.
Chamberlain, Of Norfolk; w. w. Full
Ter, Of New York: Joseph B. Bachelor
and VIC. Stronach, of Raleigh.
The Raleigh and Augusta Directors
are Benehan Cameron, Of Stagsville;
Benz. N. Duke and Geo. w. Watts. Of
Durham; Judge l.. r. Watts, Of Ports
mouth; w. w. Chamberlain, Of Nor
folk and w. r. Tucker.
Mr.. VIM. Moncure was elected presi- +
dent and the old board of directors OF
Palmetto Road were reelected.
The Durham and Northern Directors
are Chas Il. johnson, of Raleigh; l.. X.
Watts, of Portsmouth,; l.. A. Carr. w.
I'll. Rranson and Geo. w. Watts, of Dur
ham; ID. Y. Cooper, j. III. Bridgers, Of
Henderson.
I, Al, a.
merely routine. Mr. Hutchinson, the
young attorney referred to came all the
way from New York to attend the meet
ing. He was seen at the Marlborough
House after the meeting adjourned and
stated in reply to question that he
was here in the capacity of an attorney
holding proxies for clients, one of which
he acknowledged was MIR. Ryan. Speak
ing of Mr.. Ryans strenuous effort to
get control of the Seaboard Airline,
and referring to the prevailing opinion
that his client, Ryan was acting the
interest of the Southern Railway he
said that this impression was wholly
without foundation that Mr.Ryan ana
his associates desired to buy the con
trolling interest in the Seaboard AMI
Roanoke abroad simply because they
regarded il n valuable piece of Railroad
propcFi! anu tlal II aI!DoH. couH SiS
gesI amy way by which the impression
that Ryan was acting IN the interest OF
the Southern could be corrected. he
would like TO have the suggestion for u
seemed that public sentiment was
grounded in rhis belief which he d,,-
clared WAS erroneous and hurtful to the
interests If Mr.. Ryan and his associates.
Mr. Hutchinson did not go further South
with the Seaboard stockholders, but left