New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-10
RAILROAD INTERESTS.
GRAND TRUNK MEETING STORMY.
PRESIDENT WILSON AND EX-PREsIDENT
TYLER CREATE AN UPROAR.


London. Oct. s.-The most dramatic scene which
has ever marked financial meeting in London oc-
Cured this afternoon. when the shareholders Of
the Grand Trunk Railroad of Canada assembled
TO hear the half yearly report of the directors A
large number of persons present the assem-
blage consisting chiefly of city magnates and cler-
gymen with a sprinkling of country investors and
women. The meeting went smoothly while the
president of the Grand Trunk Railroad Sir Charles
Rivers Wilson formerly Controller-General OF the
National Debt Office, detailed the improvements
made in the line. congratulated the shareholders on
the increase in revenue dilated the rise in the
of material and in the rates Of wages, and eX-
planned the resolution of the day which provided
for the reorganization Of the Chicago Grand Trunk
by the Canadian company. After outlining the
proposition Sir Charles said he had received a let
ter from Sir Henry w. Tyler, the former president
Of the road, expressing disapproval or the reor-
ganizaton. and asking that the letter be read be-
fore the meeting. White with passion. Sir Charles
declared that the vile language employed by Sir
Henry justified him in putting it in the FIRE The
president OF the road continued his denunciauon OF
the former president until the audience rose' cry
ing: Put it in the frei" Burn it "Shane!
There was a scene of great disorder, and then
there arose a cry; Tyler is here!"
In a moment a dead silence regned. and between
rows of astonished shareholders the venerable hg-
ure of ex-President Tyler seen walking toward
the directors rostrum
AS Sir Charles Rivers Wilson recovered
his composure he said:
Tyler. stand up, you who have vihhed u.s. ana
repeat before us all the charges you have made
Cheers mingled with groans greeted Sir Henry w.
Tyler who maintained that the Chicago Grand
Trunk was owned and controlled by the Canadian
Grand Trunk and that therefore the directors
making false pretences when they represented
the reorganization a transaction between two IN
dependent concerns. Continuing, Sir Henry asseTl
ed that the scheme involved the reputation py
President Wilson of the Chicago second mortgage
bonds, which, he asserted, cut down from o 10
per cent.
"Be honest!" shouted Sir Henry Tyler. Don't re-
pudiate them?
Amid a roar of Kisses and jeers the voice of
Sir Henry drowned. but he continued waving
Sir Charles Rivers Wilson, who stood up and, in
equally heated language, absolutely denied Sir
Henry's allegations and abused his administration
Half the time Sir Henry was on his feet en-
deavoring to interrupt, and the extraordinary
spectacle was presented of the president and ex-
president of a great railroad, both well known
fnanciers, standing before a bowling audience,
both Of them shouting at once and neither speaker
being audible. 1t only when several persons
stepped forward with the intention OF huSting Sir
Henry Tyler out of the that he subsidized.
The meeting then by large majority approved
the directors plan to reorgantze the chicago Grand
Trunk. with a guarantee OF the interest on the
bonds to be issued by the new company. The meet
ing also gave Sir Charles vote of thanks.
In report the president urged the shareholders
persist in improving the line he added that the
surplus earnings of the Central Vermont road
would for the present be applied to this purpose
Pan-American Exposition at Buffalo would greatly
add the business of the road, but he further re
marked he considered it doubtful II the expenses
of the road in view of the labor troubles IN the
United States, would be reduced during the coming
year.