The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-10-03
Annual Meeting of the Stockhold-
ers of the st. Louis South
western Yesterday.
OLD BOARD WAS REELECTED.
Information From New York That
All Parties Consented To Post
Toncmcnt of Meeting An
nuai Report Notes.

The annual meeting Uf stockholders Of
the -. Louis uu;hwcSt"rn or Cotton BELT
Route WIS held YESTERDAY at hoa,quart.rs
in the Equitable building. President Edwin
Gould called II to order ut II =. m. the
principal business being the election of
three directors. AS ALREADY announced In
The Republic. q fight was to lc expected on
the part of the minority stockholders. who
protested against a new bylaw passed at
the meeting last year. They claimed that
no specific notice had been given in adj
vance of that meeting of the Intention to
vote ON 4 change In the bylaws and that
therefore the action taken was contrary 20
Missouri laws. under which the comrany
Is Incorporated. The new bylaw calls for
an election of only thrce directors in each
year instead of elect,n% the entire board IF
nin". This the minority forces claim de-
str"yS IN" cumulative feature Of voting.
which is recognized by the laws of Missouri.
Tho Could interests were represented by
NlilSl"w ). Pierce. general counsel for the
company; +. e. Thomas and l.. +. thinner
man. General Attorn": sam H.. West was
also present. together with Vice President
ani General Manager +. III. l5ritton. The
minority interests Were represented by At
turncyS Samuel UnterbcTEcr and Jacob
Newman. Both parties held large bundles
of proxies and the entire morning session
WIS consumed In examining them. They
were carefully scrGtinized by the officials
ana attorneys already named, and also ny
Secretary George ETDeldlnS and Treasurer
George N. Warner.
The following shares Of stock were then
declared To be represented at the meeting:
In person, l2..,Ji. shares: 10y Proxy, ga
..5i: shares; total. $50: shares, out Of
3tJ.u - shares outstanding.
y conference WIS held by the Gould IN
terests and il was announced that. to AVOID
any conflict with the supreme Court oI New
York, before which the injunction proceed
.ngs We're pending. an election would be
held for Il iuil board of nine directors. in
:i'ld of three. as required by the new by
law.
Tcllers We're appointed and az the after
noon mect,ns G.c!arei the following To tie
III" new Board of Directors for the enSu-
Ing wear:
Edwin Gould, New York; +. IL. Britton.
81. Louis: Winslow :. Pierce. New York;
William II. Taylor, New York: X. NJ. Gal
laway. New York: Thomas 7. Eckert, New
Carleton. 81. Louis: \. L. Wolff. 81. LOUIS.
This means that the Could interests sue
ceei"d in electing their men. as the board
Is exactly tnc ann as last year.
The directors declared Sls).WJ interest on
second mortgage income bond certificates
for the six months ended June 81. 1850. out
OF net earnings for said six months. pay
able January /. 1891. being the full amount
OF interest provided FOR in the bond.
The above election to-day would appear 70
be- in conflict with the action taken by the
Supreme Court of New York to-day. as Will
appear ny thu following special dispatch re-
cclytd last night:
RULING is INJUNCTION CASE.
/ EPCHIIC SPECIAL.
New York. oct. Upon consent of coun-
sci, Justice Lawrence OF the supreme Court
adjourned until Thursday the argument on
Gould. as president. and the directors o: the
-. Louis Railway Company
To- show good and legal cause WHY an tn
Junction should not Ice issued restraining
them from conducting the annual election Of
directors of the company, which was TO bc
held to-day al St. Louis.
The order TO show cause was obtained
last week by Samuel tntcrmyer. counsel
for Andrew Haes of London. England. and
called to-day Il representative of the law
firm OF GuegenheimeF. Untermyer a Mar
shall announced that all parties in interest
had cons. nted To- an adjournment until
Thursday. The lawyer said that he under
stood that the election would not be held
today at -. Louis and that it would not
be- held until after Thursday.
ANN Al. REPORT.
President Edwin Gould submitted the an
nral r-uort at yesterdays meeting. in which
be makes the following statements:
For the FIRST time IN I'll" history Of the
property the full Interest," per ccnt-un
the second mortgage incpm" bonds-S5tO.' 800
has been paii during the fiscal year. repre-
s.n;ing Interest earned during the calendar
year lss'. Prior to this the only interest
ever paid on the second mortgage income
bonds was during the preceding fiscal year.
covering interest," earned htfltls the f;tt.i-
dar year lsgS. this payInen amounting to
Sls1.ps, or at the rae Of = per cent per
annum on the total amount OF such bonds
issued.
on Nav 10. IS99. the Legislature of Texas
uass-d Il spe, ial law authorizing the 81.
LOUIS southwestern Railway Company OF
Texas to purchase. own and operate the
railway. property and franchises of the
TYLER Southeastern Railway Company. pre-
scribing therein certain conditions and re-
uuirem'nts before such purchase and own
ership should become effective. These condi-
tious were compii.d with and the road
purchased. Ii has since been absorbed and
it, identity lost.
Tn following extracts are taken from
The report of Vice President and General
Manager r. III. Hritton:
Year ended Year ended
Entire System. June -. l'fi. June -. %. Inc.
MIrs op"rat-d... L.25S.g' l.2ig.Sp so
5ir"s. earnings S.9S.-si.l9 s.. S2.35s. 81 3 a5sl5.5s
oyH:ating "Np,nssS
,iurludIng bet
Ne. earnings 81. .52..II.i3 s~1.Gsa.@,l. 3G 8 9s 90. u
All Other receipts H|.6N'I H.iT.HJ I1.23S.p
Total income. si.ss7, Se6.Ss N.7s7.7e7.r s~1lo.iso.z
~ -afnG