New Britain herald., 1926-04-21
NEW HAVEN ROAD
 MEETING HOT ONE
Continued From First Page)


  purposea AS Q colloquy was be- ginning between Mir. Hadley and Mir, Bogigian. the president declared the latter out of order despite the pro- test of the latter.
 Roads Report
 At the opening of the meeting which was attended by about two score persons. Secretary F. Clarke read the call and President Pearson read short summary of the roads condition in which he said that in the past year 1t was his belief that the road had served the state bet ter than ever before. He also spoke of betterment In financial conditions during 1925 but said that severe weather since January 1 had ad- versely affected revenues. He re- ferrod to prospective improvements at Springfield and Worcester, of the inauguration of motor coach service and the coordination of bus sched- ules to the improvement of the rail. road service.
 It was as Mir Pearson began to read the items on the blanket ballot that Mir. Bogiglan rose to make the Inquiry about MT. Bardo.
 Spier Also Protests
 The discussion continued for some time. and after MT. Bogigian had protested against having the direc tors names on the one ballot Moritz Spier. of New Haven. another stock holder who had spoken in meetings for many years, made inquiry about the $5.o0o,o00 bond issue proposed. He said he could not sec any reason for "piling up indebtedness" and re- fusing to pay dividends. He also thought that 1t was time "to call q spade a spade" and began criticising the directors. President Pearson said that Mir. Spier ought to be thankful to the directors that they had so handled the property that from a deficit In 1920 there is now surplus.
 MT. Spier replied that he had no love for the directors, but as other road paid dividends he could not sec why the New Haven could not. MT. Hadley had half risen several times to answer MT. Spier and the latter told Mr. Hadley mot to get nervous" He intended to say what he wanted to. Mir. Spier said the directors did not have courage enough to give the minority stockholder a chance on the board.
 Mir. Hadley said that dividends could not be expected while cash re- serves of the property were impar- jed.
 Hadlcy Took His SEQ.
 Mir. Bogigian rose and asked Mr. Hadley If he took the s2o gold piece paid for attendance of meeting and Mir. Hadley said he did. He had Rever refused to take 1t.
 President Pearson declared Mr. bOElSlu out Ol OTnGT ana the DnlIOt boxes were opened. While the votes were being counted MT. Spier and Mir Bogigian both spoke. the latter claiming there were many high sal aried officials who could be dispens- ed with, and asking as he did last year. that the pass question ho cleared up." He claimed there were too many persons travelling on pass es and If MT. Pearson did not do something about 1t, he (the spcaker) said he would sec what the interstate commerce commission would do about 1t.
 Mir. Pearsons said that the pass question was handled strictly as laid down by the commission and the declared MT. Bogigian out of order.
 Another stockhoder praised tho directorate for what it had done and Mir. Pearson thanked him.
 The count of ballots was com pletcd and directors declared re- elected and the several other items passed by stock vote.