The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-17

have mismanaged the particularly the nav.
editor for extraordinary services as well as to
counseors attorneys assignees confidential agents ex.
expenses and salaries on the line with other matters be-
fore alluded to by us, NC &c This committee may be
in order to give the new board sufficient
age to progress with the investigation for without such
committee to assist them may be whether
board of directors would succeed in ceng IN, all
the facts Should effort be made 10 IN excluds
those from voting whose stock has not been paid up in
iu proper for us to remark that the laws of the land
guarantee 10 every shareholder the right upon his
STOCK so long as it has not been declared forfeited by
Doard directors, no matter how much how little has
been paid in upon it, and therefore any effort on the par,
othe present directors exclude the vote of
err whose stock has not been paid up in fall is illegal
null and void unless that stockhoder been duly mott
ed by the directors that his have been so
forfeited
We recommend to the stockholders from the country
Careful perusal several articles which have pub
shed about this company during the last days and to-
morrow we will conclude our instructions them aw ait
ing the result of their dec1ed energetic manly action
Let them remember that much interest is taken in that
great work by than million people, who ardent.
y desire to placed upon footing entirely independ
ent of all ciiques families parties
The city of New York is immensely interested in the
construction Of railroad commune it'll the Ineri-
son River is generally closed and New York will be iso
lated, while Boston will keep up active communca.
ton with the western part Of the State. The merchen
disc of Boston and New England formerly came
to New York, Philadelphia and Baltimore for dist
tribution throughout the Union. According to the
census returns, $ll4OOOOO0 of goods were manu-
featured in the New England States of this $4,000
600 may be estimated have been through the cities
mentioned and of that siooOooOo came yearly to New
York for distribution, mostly by way Of canal west
The foreign goods imported into New York were $780,
100000 making an aggregate of 100000 900 of trade de-
pending partly upon its geographical position in relation
to the western trade and partly upon tarlaw restricting
the competition of the imports with the domestic goo Ia
This being the position of the city OF New York. what
have the New England States done? BY building rail-
road direct from the heart of the factories mouth of
the Erie cana-he great for the trade
they have opened Short speedy and cheap route for that
trade which completely soates New York in regard to
1t. The whole trade of New England, which formerly
passed through this city and from the west now leaves
New York and passes under the direct influence of the
vast capital OF Boston, over the railroad commanding all
the markets west ALBANY. Let us see the practical ef
feet of this state of Things upon property of the two
cities, according to official returns =
ASSESSED VALUE OF REAL AND PERSONAL Estate IN New
YORK AND bosToN' 1871 AND 1912,
Rsat Estate. Pessu Est, Real ESQ a'' Psrsq Est.
1872 76,i89Oi2 6'29i559 S5 500 500 AZ Sa3 900 sSo
Increase, s5,6,oO no, 9oo
Decrease, 9,86l9O6 354o4l3 '',o-'~'V
This gives an entire reversion of the state of things
Boston has increased IA per cent in its personal property
and New York decreased per centBoson has increas
ed cent in its real estate New York has decrea
ed per cent The population of Boston in May last
was ssoo, being increase Of 1905 in one year. The
following will show the comparative taxation and popu.
lation Of the two cities for the coming year -
TAXATION POPULATION OF BosroN .Sn Nrx yo,v
BosToN. Nrw topu -A~
Pro. Tar cfs IT,
M perty on 500. .4mt perry. per $780, .4m'f.
Pers Est IL 2,s 500 cts 2s1a25 g, %, $50 es 90, mo
Real g S. 500 81 373IC4 az 400 NO q, 20 ,,r
Total, LOG am sc,7 %, 20, en-, 90 40, -