The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-11-18
Prices OF NEy
4 nsn II


ito per cent The greatest advance has taken place IN
per cents which the last investment. They have
than recovered the decline which the fears oil
a wanton increase of debt had occasioned. The city |
stocks rank still higher
Notwithstanding this rise in New York and other sound
stocks the Federal has been unable to OBJ
tain any money its per cent stock and the Treasury
notes have fallen per cent few weeks since they
would command premium, they will not bring per
cent discount in any amount although the amount out
standing greatly increased Theincreased activity
capital has rendered them longer desirable tempo
rary investment the banks and capitalists seeking per-
Investment having all fears in relation to the
soundness of New York stocks removed turn their money
into that channel Every day increases the discredt Of
the Federal government The late tariff which has very
materially injured commerce. has ruined the revenues
and with constantly increasing arrearages the depart
ment struggles with the due the bonds of
former years. As long Treasury notes at pre-
MUM the received cash for those bonds The
of the Treasury notes now makes profitable to pay
them into the Treasury instead and thereby deprive Of
all means Congress very soon meets, when some new
measures must be adopted. As matters stand the
and navigation and the trade Of the country,
well as the national faith all to be sacrificed the
idle phantom OF protection to class Of citizens who are to
the whole population as one to 20
The stockholders of the Erie Railroad met at the Broad
street Hotel There present vast assemblage of
very large capitalists both of this city and the southern
tier Great enthusiasm was evnced for the prosec ution
ofthe work. The meeting addressed by SAUL Alley
Esq, of this city, p MARROW, ESQ., of Steuben county
and several gentlemen from Rocksnd county who are
acquainted with the nearious transactions of certain
family there.
Amor much consultation the following ticket was
FoR DREcroRs.
William B. Aston, N York Charles M. Leupp, N. York
ssT sssR' wssnors
Charles Char a. Davis, Alex sDiven, Xiiesans CO.
sheppard Knapp, B.Chamberlain, Cattaraugus
Elihu Townsend, county
stephen Allen, SAM Barrel Chautauque
The New Workers tits ticket undoubtedly the
very strongest that could have been selected.
The cques who hang around the Pipe-lsyers, and the
editor of the Standard newspaper met somewhere about
"a Wall street. and addressed by James Bowen the
present President Henry L. Person the brothernlaw Of
Eeazer Lord and several other relatives Of
the latter 1t agreed that the following ticket would
be voted for by the Pipsayers party and Mr.. Lords
| friends, VIII
James Bowen for President. Edward Person. brotherin
| Henry L. Person, Mr.. law OF H. L. Pierson, and
jeremiah II. Pierson. of Charlie. HOyt
koSd. cGall.y E. BIsschord present
George D. WIckham,of Go Attorney ofthe Company
shen, an old gentleman Hiram Gray, Of Chemung
who seldom out. county.
| Eleazer Lord, of Rockland William g. Bucknor
county
The balance of the seventeen to be made up from the
other ticket. The stockholders must keep their eyes
open else the united interest of Lord and Bowenthe
former holding about thousand shares-msy defeat
the great work. and ruin the interests Of the shareholders
and the people of the southern tier Of this great
| city.
The annual election of the Erie Railroad takes place
this day at "a Wall street, between 10 A. NJ and p NJ
We wish the stockholders to bear in mind that all the
facts which have been published by within month,
developing the utter mbecity and mismanSgement Of
the present family and clique in charge of the company
has called forth denial refutaonndeed their re-
iutaon believe to be impossible and while they have
the hired columns Of a newspaper at their command the
only that has been attempted by their employed
editor remark, that made tso free use Of such
| facts came into possession Now we confidently
appeal to every honest in the community whether
would have been just expedient to permit that COM
pany and that great work be sacrificed by remaining
under control those who have thrown destruction
ghtful general distress" and pecuniary Iembar-
rassmen along in their path We know the opinions Of
fellowcitizens upoa this subject and II We have
handled some individuals roughly, 1t was because they
deserved it, and ten times and let it be long and
lasting admonition all others placed similar positions
to act honestly and in accordance with the dictates OF
high moral principle and rectude. Reckless creatures
who gain possession of corporation often disregard all
respect for the property Of Others and sacrifice every
thing to their individual profit. This system cannot
surely continue much longer It the duty Of the press
to arrest 1t and SO far can, shall be arrested
Thousands await the result of this days action, at "a
Wall street-let the stockholders bnt discharge their
duty conscientousy and that great work may yet be
| rescued and resuscitated.
| This is to them as well AZ to the city, matter
| of the highest importance. The more 20 as the re-
suit Of the late State election has decided the ques
ton of iurter loans Of State credit The only hope
ofthe to get the 100000 due them by the
Company stockholders along the line to any
thngs retrieve the credit the road in the eyes Of
pasts and the citizens of New York This can be done
only by purgng the company Of the ppeayers and fam
ly clques who control We will here repeat list Of
the directors which we published short time since-
| OrrrcERs AND DREcroRs THE EnIE RAIL ROAD.
l. James Bowen President. g. r. N. Blatchord
D. H. l.. Pierson, Vice do. TO- Simeon Draper Jr.
EdT p re.:On Cashier r. Gould h0ys
8. Eleazor Lord, a. VIM. Kent,
g. David N. Lord, Is. Geo. Grswold,
T. Elihu Townsend l6. Freeman Campbell,
| s. W. II. Townsend II. Charles Hoyt.
Nos Q and 10 are the well known executive commit.
tee ofpipe-layng memory. Nos. o. g. a. and bear to
each other the several relations brothers, fahersinaw
and brothersin-law. No. 10 is son-inlaw Of No. ID
we the cques which control the undertaking
which the State called pay vast in addition
the 50 900 already lost and also solution Of the
sterious transfers Of Office which have been periodical
ly kept I'D between Nos and lis to be regretted that
the names of few worthy persons are mixed up with
these inerestsndeed believe No l4is not now d.
rector and 10 recently paid the great debt Of nature
We doubt whether Nos IL rs ever attend meeting
Of directors.
III. well known that very large cash subscription
from leading men this city has been offered providing
these eques are put from the management The con
Germ cannot now command dollar. Logroling and
political pipe.laying will be henceforth Of no avail in
drawing money from the state. II anything further Is
the road be done by private enterprise and
that suddenly the property from the hammer OIL