New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-04-16
- Office of the Nev-Yorl, and Erie Rail.

%, Office of the New7Y FORK and Erie Rail
road nyc 92fK Ag m ~ roI the
peden thnt the City Of New York should subscribe TO tie
and having declined 10 unite IN the IMPLICATION 10 the Legs
atuc the Directors under the necessity OF opening the
which the cooperation OF the city would have Afforded
With their convictions to the importance Of tie "ad.
alone The Board were wiling 10 andertnEe Is complexion
could not sae to s ring IN 6, 6e 5eS
responsibility involved III the decision OF that question should
with them. indirectly but belonged either to the
Common Council. the Legislature, or the people
By the course pursued the question could not reach the oeo
hou othe Legislature Tint sanction having been refused
the application TO the Legislature will not he mnde and the
entirely the amount that can be obnined By private sub
Before determining the conditions on winch books Of sub
enpt9n TO the capitol stock are TO be opened the ;oni have
port Millions Of Dollar essafy before the work
should be resumed.
Aler much deberaton the Board continue 9l opinion thai
the conditions othe subscription should require that he amount
10 he subscribed before the resumption OF the work should be-
such would puce the completion OF the Rold beyond ofdna
contingencies and they cannot satisfy themselves TINT
smaller than millions viii comply with this condition
The Board have not Overlooked the important condefnto'
which induce many believe that smaller sum,
with the other OF the company would be nequne
but tG conscientious ia their opinion not sufficient Ia
move all on "gI and no 9e DSss x%ad BE-
position and the principles ON which they consented 10 une
,aEe them.
have unavOfGble influence subscriptions the bOurd
have been constrained discriminate between Old and
ifeny TO the interests old stockholders has been done in
the stipulated N The conditions OF SUBSCRIPTION.
The Oidy!eT thus TO be secured To the stock
made dependent on the action OF individual! holder OF stock
III, Rd. s ,eea,s nn5 M esh "o @ neither
f:r The no3e " "t" "nT dnrii"n between ,ocSs ssued
In accordance with these views the 'o..,os condi
tons undsf which e .bscn9'oa books arc 70 be opened:
We the undersigned respectively subscribe the number
OF shares OF the apitn Stock Of the " Y and f. r. r. CO. OF
agree 10 pes ten don's on each share within twenty day, after
the closing ote booS nnd the Subsequent nstaeits they
snail be legally called tor, provided.
M That bona tide subscriptions Subsequent, March
and Pn2r to mt q August 7 shall amount 10 tie s OF
u That Tie Instamer;s shall exceed thirty -,cee and
nethTrd per cent. per annum.
eorr oil e amount % stock issued PRIOR the l o
March lsii shall be legally eSab.he, that dividends hen
made shall I've declared on the following bass
Isl. That the night OF dividends al least .evenyiye per
Of the Old sock shall deferred unit, dividend o.S per cent.
GEN.. shall BE- dec!af-l on the nrw sloct.
I'd That when The net earnings shall exceed the amour:
to pay such dividend 10 the stock the Excess
shall be Appropriated 20 d viiend, the old stock.
@ That when dividends 50 declared old stock amour,
per per the old and stock shall he pui
on pm and ali distinctions between them shall ;erealter
The Boa nj have the satisfaction Of believing tla: the great
question Of the completion Of the y. and F.. r. r.
before the citizens of New ork and Of The Counties interested
IN Is construction all egiraeo, conscientious. that
pubr has been fully drawn the subject md that
there prevails throughout the community nn appreciation Of
when completed To Lake Enc hh OF the most
ing character.
The Board viii adopt nil suitable measures obtain the very
general subject which the large be
ssed renders necessary and trust that their efforts will be
the completion Of he New York and Ere Railroad while
affords prospect OF emune'ang dividends tockhod
country. HORAIlO ALLEN. Presider;,
DIRECTORS
! Harvey Weed Fms W Edmonds.
Theo ilebon Matthew Morgan.
William Maxwell As. Owen.
Elaiah RtsIey. apis 81