Show CAUSES BAD DEADLOCK Northern Securities Go Co Cant Distribute Stocks Stock INJUNCTION PREVENTS IT 4 PEW DIRECTORS TO CONTINuE i HT I New Nen York July SL The annual meeting of the stockholders of f th the Northern Pacific Railway company which has been adjourned from to tub time since October was adjourned indefinitely I In explanation Daniel S vice president ot of the company Issued a statement in hi which he said th continuation of at the injunction tion granted on the appointment of Harriman and Pierce trustees trustee prohibits the of stock owned by the Northern Securities compani makes It Impossible to m mOat t the th r requirements of the charter of the Northern Pacific company which pro prohibits prohibits hibits the transaction of any business at stockholders meetings unless a ma majority ot o the outstanding stock ht Is pros pres present eat ent and voting Much more than a majority of Block is owned by and registered in 18 the name of IK the Northern Securities company ant and Under tinder the de do decree cree of the United States court soch sheh stock so registered is Ia prohibited from voting As long as the recent pro pre prevails vails valls there can be no distribution of stock to its stockholders by the North Northern cnn ern Securities company And no valid meeting of the Northern Pacific stock tok stockholders holders can be held In the meantime the board of directors director chosen at the thelast thelast last annual meeting wid b ay the terms of the dinner continue in office When the orders order of tie the courts coarts permit a meeting of stockholders it will be duly called Assistant General Passenger Agent D B S Spencer of the Oregon Short Line yesterday said that tb the Short Line exclusion to northern tan and tin Idaho Idalo points promises to be a great success People who anticipate set settling settling in that are making many inquiries besides those who want to take a Icv rew days outing D 1 K It Gray district freight aid pee pas passenger agent for the lines is in receipt of several large pictures of Tahoe Lake about fifteen miles south of the main line of the Southern Pacific railroad They now adorn the walls of the local ticket olive office and which because of their th tr beauty baety are attracting considerable attention C S Williams commercial agent of the Milwaukee road is hi back in the city again from a trip through the southern part of the state W D McKellar traveling freight agent for the Milwaukee road has gone north Into Wyoming after alt all kinds of business The directors of the Southern Pa Pacific railroad company pasted resolutions yesterday for the issue of 46 41 stork stock of the Me author authorized authorIzed by the stockholders Wednesday Circulars will b be shortly issued giving details of the subscription rights 6 |