Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1915-10-28

| the fellerE Was Arthur Berenson, Of
Boston, who was appointed by Presi-
dent Elliott when Hugh W. Ogden Of
Boston said that he with Others rep
resented certain interests who were
anxious that Mr.. Berensen look over
properties held by the officers. Mr..
Elliott announced delay in the vote
counting and-it was thought Mr.. Ber-
, enson was scrutinixing the proxies.
| Conserving Prosecutions
A. T Gardner Of Boston asked Pres
ident Elliott II the meeting could be
re-opened to close up business az he
wished to leave. Mr.. Elliott saw no OBJ
lection and raped for order. Mr..
French then offered the following:
Resolved, That the board of direc-
| tors of the corporation be and they
are hereby authorized and instructed
to begin and prosecute to judgment
for the benefit Of the corporation. such
suit or suits, whether at law or in
equity, as may be necessary and
proper, to recover the amount of loss
es, if any, caused to their corporations
by reason of the alleged unla wful acts
directors of this corporation and of
other persons, as disclosed in part by
the Investigations and reports Of the
Interstate Commerce Commission Of
the United States.
President Elliott asked Moorfield Sto-
| ~ of Boston to reply, which he did,
| getting into a sharp debate with Mr..
| French.
Other Resolutions
Hugh Ogden of Boston then offered
another resolution as follows:
THAT the officers and directors of the
| company herewith be instructed to
| withdraw their opposition to the pro-
ceedings of Ralph H. Bartlett and an
other, trustees, VS.. the New York, New
Haven & Hartford Railroad Co., and
| others now pending in the supreme jul
dicial court of Massachusetts, and to
join with and assist the plaintiffs and
intervenors in enforcing the rights of
action of said bill
| Mr.. Story then became. involved in
| argument with Mr.. Ogden and with Mr..
Sears, who are of the firm of whipple,
| Sears & Ogden, counsel for the minor
| ity stockholders in the suit of the New
moneys said to have been wrongly spent
| by former directors. The debate had
| to do with the pending suit, and appar-
emily Mr.. Story's position was that the
| New Haven management would be will
| ing to assist in the suit if the minority
| stockholders would agree to bear their
own expenses in prosecuting the &C.
| ton, but the management was not will
] ing to join in a suit which the direct
ors deemed was inadvisable and have
| the company stand the expense.
| The demand of those introducing the
resolutions was that each be submitted
| to stock vote. Motions We're carried.
President Elliott read some letters he
had received, one cpndemning the man
agemert and others praising Fl. Mr..
| French said he had letters he wished to
read. Mr. Elliott said that it was up
| to the meeting to decide. vote was
| contrary and a stakeholder protested
Mr.. Elliott said he was willing to hear
| the letters. Attempt to reconsider the
vote was made. but at this point. it
was agreed to recess until night.
| When the time came for re-opening
| the meeting less than dozen stock
| holders We're present. President Elliott
said the tellers probably would be in
session all night counting the votes.
Has anyone suggestions to offer?"
he asked
I'VE are all peaceful" replied one
stockholders.
| The meeting recessed until II o'clock
| tomorrow.