Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-05-05

"A ilshshht Luncncon ana Irip OF In
Bpoction.
STAFF copdonceorresp Of Gazette ard Journal
Birdsboro, Pa, May 9. The annual
meeting Of the Wilmington g. Northern
Railroad Co. at the compapy's station
bore to-day proved to be very harmoni
Gus. 1t mad mono of the sensational
nature OF lRst ycGr'n meeting. when ".
W. Kurts opGeRvored to have diyi-
dond declared ca the ground that "
was warranted by ths condition of tina
surnlue. But tho opponents OF thia
uoiirso then maintained that to declare
dividend would require the borrowing
of the money to pay it With, the sur
plus having been appended in keeping
up and improving the property.
W. W. Kurtz was not present to- day.
He was represented by his son, II. X.
kurIz, who hold the proxies of large
number of the minority stockholders.
Through the cumulative system of
voting, Mr.. Kurtz's party was enabled
to SECURE two nut of the seven directors,
instead of the one elected last year.
Under this System, a stakeholder In
allowed TO cast ona vote for zach of the
seven directors or seven votes for one
director, or can divide his vote as he
sees fit
The Stockholders were called to order
soon aftor ~ o'clock, William 7. Worth
of Coatesvile. presiding. There we're
present Col. II. A. du Point, president;
George BROOKE Of Birdsboro, A. l..
Foster, Montchsnin; John S. Gerhard,
Philadelphia; Col. l.. Heller Smith.
Juauna; A. +. Huston, Coateavillo,
directors; Il. b. Shurtar, secretary a.
g. Mouausland. superintendent and
treasurer; +. j.. Hills, chief engineer;
Bowness Briggs, general freight and
passenger agent; William D. Smith and
Richard 4. Leaf, Reading; Edward
Brooke and George Brooke, Jr., Birds
horo; W. NJ. Hayes, West Chester, W.
S. Conner, Woodbury., N. j.; the
Messrs. Peale, Schuylkll Haven; Henry
7. Scott and James z. Winchester of
Wilmington.
Secretary Shurter read the minutes
of tho last annual meeting, which were
approved. President du Point then pre-
sented the 2lst annual report Of the
board OF directors. As copies had
already besn sent TO the various stock
holders, the reading OF the report was
dispensed with. Dstails of the report
were given in Every Evening to-day.
Col. du Pont inquired II there were
any questions as to tine work of the
year. Had there been any objections
to make this would have been the
place to make them, but nothing was
offered, ami this meeting proceeded TO
take up the next on the order of busi-
ness, which was the election of seven
directors. The judges were William
d. Smith, Richard L. Leaf and Ed
ward Brooke. The balloting occupied
an hour or more, with the following
result: Col. du Point, 81, 267 votes;
George Brooke, q, 266; A. Il. Foster.
81, 266; John S. Gerhard, 81. 2G5; Col.
l.. Heber Smith, 81, 1906; A. +. Huston,
q, 266; H. X. Kurtz, 22,524; William
jay Turner, %, 52S. Col. du pont. chi.
Smith and Messrs. Brooke, H'ostur,
Huston, Kurtz and Turner were do
clared elected.
Mr.. Kurtz, one of the new directors re.
sides at Coatsville. and is engaged with
his father, W. W. Kurtz, in the banl;-
lug business in Philadelphia. Mr..
Turner, the other now director. in
president of the Lehigh & New England
Railroad Co. and director of the
Citizens Street Railway Gu. Of Indiana
POLLS.
On motion of Col. du Pont, the
judges we're thanked for their services.
The following resolution, offered by
James 7. Winchester, was adopted
without dissenting vote:
"Resolved, That the acts and pro-
ceedings of the board of directors
during the past year, he and they arc
| hereby apprnvoi and ratified, and that
any and all powers and authority which
| have heretofore bean granted to the
directors by the stockholders for tbs
management Of the affairs of tho COM
pany arc continued to the new board of
directors.
The meeting Adjourned about 2
o'clock. Immediately after wards The
hoard Of directors organiznd by re-
electing Col. du Font PRESIDENT r. ID.
Shurter, secretary, and A. q. MeCGus-
land superintendent and treasurer
At the invitation of George Brooi.o.
founder OF tho Brooke Iron Co., Rad q
director Of tho road, the stockholdcra
took luncheon at his magnificent real
donce on tho heights overlooking Birds
boro. Tho guests wore delightei with
the hearty of the location aud the
great panorama Of scenery within Wow.
Ono OF tho points in the rnIEe OF sision
from tho pUrtico OF the mansion ia tho
summit of Mount NeversnlS, nine miloH
away.
After luncheon, the stockholders re-
turned 10 thu special train, which had
brought them to Birdsboro, and wero
taken ON trip of inspection up tho
road to ReaGing. Chief EuGinOor Hills
pointed out ore stretch Of track which
run parallel with tho Schuylkill Valley
division OF tho Pennsylvania road and
in ovenness OF the ties and ballast
would he hard to beat
Whilu in Reading, 40 ovoning paper
was gecurod, and tho party took deop
interest 10 tho account OF Commodore
Dowey's grand victory as 1t wns road
aloud by Col. du pont. Tho oolonel
has personal acquaintance with the
commodore.
About O'Clock, tho special trau loft
Reading for the return trip to Will
Iiington.
Bank Closed; President Abseondcd.
Waterfowl. N. H., May 3. The
Eirut NntinpnI Rnnlr NJ Carthaoo cloreu