The Portland daily press., 1900-10-10
Administration of Sir Charles
Approved.

London, Ocotber 9.-The most dramat-
ic scene that eVsr marked Il financial
meeting in Londongoccurred this aft9r-
noon when the shareholders OF the Grand
Trunk r. r.. of Canada, assembled to
hear the yearly report Of directors. The
meeting progressed smoothly while the
president OF the Grand Trunk railroad,
Sir Charles Rivers Wilson formerly
comptroller general Of the national debt
office, detailed the improvements made
in the line congratulated the sharehold-
ers on the increase in revenue which pro-
vided for the reorganization Of the Chi
cago and Grand Trunk by the Canadian
company. After outlining the PROPOSE
ton, Sir Charles said ne had received a
letter from Sir Henry W. Tyler, former
president of the road, expressing disap-
prevail of the reorganization and asking
that the letter be read before the meet
ing. White with passion Sir Charles de-
cared that the vile language employed
/ by Sir Henry justified him in putting it
in the fire.. The president of the road
continued his denunciation of the former
president, until there was a scene of
great disorder and then there arose a CRY:
''Tyler Is here.'
In moment dead silence reigned and
between rows of astonished shareholders,
the venerable figure of ex-President Tyler
was seen walking toward the DIRECTOR
rostr UNI. Sir Charles recovered his com
posture and said:
''Tyler, stand up. You who have Wilt
fed US; and repeat before us all the
charges you have made.
Cheers and groans greeted Sir Henry
/ W. Tyler. who maintained that the Chi
cago Grand Trunk was owned and con-
trolled by the Canadian Grand Trunk
and that, therefore, the directors were
making false pretenses when they repre-
sented the reorganization as a transac-
4 ton between two independent concerns.
Continuing Sir Henry asserted that the
scheme involved the repu iation by Presi-
dent Wilson OF the Chicago second mort
gage bonds, which, he asserted, were cut
down from to per cent.
''Be honest" shouted Sir Henry Tyler,
''don't repudiate them.''
Amidst a roar Of Kisses and jeers the
voice OF Sir Henry was drowned, but he
continued waving his arms and shouting
Inaudible charges against Sir Charles
who, In equally heated language absolute
" denied Sir Henry's allegations and
abused his administration.
The extraordinary spectacle was pre-.
sented of the president and ex.president
of a great railroad, both well known
fnanciers. standing before a bowling au-
dience, both Of them shouting at once
and neither speaker being audible.
It was only when several persons
stepped forward with the intention of
hustIing Sir Henry out of the room that
he subsidized. The meeting then, by
large majority, approved the directors
plan to re-organize the Chicago Grand
Trunk with guarantee of the interest
on the bonds to be issued by the new
company.
The meeting also gave Sir Charles
vote of thanks. During the course of the
report, the President urged the share
holders to 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.
President Wilson also expressed the be-
lief that the Pan American exposition to
Buffalo would greatly add to the bust
ness Of the road, but, he further re-
marked, he considered 1t doubtful If the
expenses of the road, in view of the labor
troubles in tho United States, would be
reduced during the coming year.