The citizen., 1913-03-28
Merger of Frederick R. R. Co.
Favored

On Friday last the board OF directors
and stockholders OF the Frederick Rail
road Company met and entered into the
proposed combine OF The Frederick and
Hagerstown Railroad Company and their
allied interests, etc.
The stockholders meeting began be.
, fore noon. Out of the 400 shares of
preferred stock 2,36I shares we're repre-
sented. OF the common stock II ,oo4
shares were voted out of "A 900 issued.
Mr.. Coblentz presided at this meeting
and c. c. Waters was the secretary. The
representation was polled and the voting
done vve voce, there being no oppos-
ton whatever to the agreement OF CON
solidation, which had been read. The
agreement sets forth that the companies
entering the combine shall be the Freder-
ick Railroad Co., the Frederick Gas and
Electric Co., the Hagerstown Railway
Co., The Myersville and Catoctin Rail
road Co., the Hagerstown and Northern
Railroad Co, the Hagerstown and My
ersville Railroad Co, the Hagerstown
and Boonsboro Railroad Co., and the
Frederick and Hagerstowu Power Co.
The combined property is capitalized
at S., 600, 600 of stock of which s., 900, 600
is common stock and issued OF the
81 100000 of preferred stock, S635, 600
has been issued. There are authorized
SIC, 900, 600 of bonds and So, 600, 600 have
been issued. The stock of the Frederick
Railroad property was exchanged on a
basis of so per cent. in preferred and
common in the new company and of the
Hagerstown Railroad al $50 per share in
each preferred and common oi the stock
on new company.
The officers as provided for the new
company in the agreement are:
President-Emory l.. Coblentz. Fred
erick.
Vice-president-Fred. C. Todd, Balt.
more county.
Observation-Disclosures, Hag
erstown.
Treasurer-Thomas H. Haler, Fred
erick.
Assistant Treasurer-Wm. !. Harvie,
Mountclalr, n. J.
secretary-V, NJ. Cushwa, Hagers-
town.
Assistant Secretary-Wm. 7. Harvie.
Mr.. Coblentz stated that as soon as
some details in connection with the con-
solidation worked out it is his inten-
ton to resign as president, and ask that
Edward f. Peck, of Syracuse. N. Y, be
elected as his successor The firm
Allen and Peck may be said to have f.
nanced the road, and Mr. Peck will re-
side at Hagerstown while the improve
ments are being made to the combined
properties as contemplated. Mr. Cob
lentz stated that he was unable 10 retain
the presidency and give the place the at
tenton it demands on account of other
duties. He stated it was only upon the
condition that he be allowed to resign
shortly, that he consented to accept the
presidency.
The agreement passed at the meeting
is really an article of Incorporation for
the combined company and will be, filed
as such, The directors of the company
and the officers are named in Che agree
ment as passed by the Frederick Railroad
stockholders and the remainder of the
roads are expected 10 ratify the agree
ment without change The directors are:
Frederck-Emory l. Coblentz, Thorn.
H. Haller, G. Mantz BeSant, George
BIrely, DR.. T. B. Johnson, John c. Mot
ter, of l., Alex Ramsburg, Z. Charles
Rem, Richard P. Ross. Calvin E.
Schildtknecht, George William Smith,
Charles Wertheimer
NV Iersville-CyruS Flock.
Jefferson-Abraham Hemp.
Hagerstown-Henry Holzapfel, NJ. P.
Moller w. d. Wilson, V NJ. Cushwa,
Alexander Armstrong, D. Ramaciottl.
Boonsboro-Harvey S. Bomberger.
PhIadel pha-Harry +. Clark.
Montclair, N. J.-WiIiam J. Harvie,
Mr.. Harvie was until recently connected
with the railroad department of the J.
White Engineering Co
Hampton, Va.-John A. Shannahan,
general manager of the Newport News
and Hampton and Old Point Traction
Co.
Utica, N. Y.-Wiliam |. Taber.
New Britain, Conn.-Henry A. Able.
Annapolis-Talmage c. Cherry, super
intendent and general manager of the
Annapolis Short Line.
Syracuse. N. Y.-Cliford A. Hoog,
Ernest A. Edgecombe.
Baltimore County. James Piper and
Fred. c. Todd.
Baltimore Edwin w. Poe and Fran
ciS | Carey