New-York daily tribune., 1844-03-12
-ro shephera Knann. Esa.-sls. CO ;hs


2ah day of January 1873 nsulted the CROSSES,
manner. Before clcsia2 communication shall
caS!on to ects tins opprobeu epithts that you then
ID Z: Eepy has been received Of th- several
communications t. have heretofore addressed you and
you have refused either justify deem
ny duty 10 sta the grounds on which you founded lie
insult, and the circumstances which gave rise 70 il together
with some ctlsrimDoTtaut facts.
a pet;ion he Legislature signed 5y large number Of
srpet y a Neesns S Bank g R oi T. In e oe M
ard"7,gfthe chGre- tri2terer Forwarded albany.
Bsak ana was insoo that hs 10 ne his snaerar
torocue the passage OF Bill Conformity with th= prayer
The CAPITAL Of the Mechanics Bank vas go Milops Of
Doeis, divided into klghiy thousand shares OF Twenty
i've dollars zach ne visiting provision the Charter
regulating the manner Of youog Tor Directors fol-
The number Of votes 20 each SockhoIdq1 shall be accord
the number OF shaes he shall oi III The proportions
2iis.Tin that Is to say 10. each and eTe5{ sa:. not NOR
not exceeding hnnc!d To:s d for Ten shares
WbasTsr objections ,on= OF the stockholders might hav-
he'd this IL the Charter trust ina; 6e
cnnd wo viii undertake Justify the IN which II
had been Director OF the Mechanics Bank more h2a
an expression OF dissatisfaction WIN The foregoing prpyIAion
prior January 1873 and hen not Until after the attempt
alter hsd ben atsco,e[sa yet g@ tr aGF.r.E W ssiGD I
ud,y 1913 the first .that knew of MADE Vt
ho;yeres ,a, some Others must have b-n dI,ssie4 with IT.
the following wosd have been introduced
IN Tie fourth section OF The Get Incorporating said
Bans passed Ic-eh Tgcry-ihrd tightec,. hundrs4
eU shall he and IS herein amended 10 diiow each
stakeholder 20 eaiiied:oo each shore owaed By
socsholder cag siecO Of Directors Of scid Coror
his amendment (he effect which ,voud place the
contic bank the haucs cf y large siochh0icers
by Directors. they had not o-en consulted !aon 10
IL hs first innaIion ta- the had o: II "ss on Saturday
Road o Directors "Wednesday egaIsenth Of January
aesoution dsappro7ius Of II was offered and PASSED aran M
ami
oc members # the Board: cory Of he resolution vas
for M 70 ] 3s IL az s.emB Ae9 but before 'sa''=o '
About this had with on the sub
what This remark yours. counec;Ion With what
professional gentleman SAID TO induced me 10 ad
nary they approved Of BY other Directors but oa the
day IT was reed forward them fearing that by
vet regular meeting ofthe Board Of Wedn-s
day 2sh January when you knew that those esIS wSs not
forwarded and that II !" IS Intended NOT TO forward Them sou
arose your seat and IN 4 ts Dl7sctos charged
with having mate cod-t9oded bLocfhsd-t Issutt-
ica aSsaSsiRke c'tGck 10 SfG0 me reputation o. as pure
man its SHINE 'poH presume thar yeu no.
Directors from certain act us an ectton t9 DIRECTORS
or te BcRk ,cL be held he second day Of 4prtt et
on hc YOU founded the nsut fyou have lost the
that handed ou VII furnish you with anothrL y9u
desire had supposed that stockholders, whether Dr.
rectors or not =d unQneSOpabe night remcnstrate
against the passage Bill 10 alter mpertant pIovson IN
the charter especially when such alteration had not been asked
for b. the petitioners approved OF By the Drecers-yet
FOR exercising that right hf-e OF the Directors Were elected by
SUI
TO their r presence OF the Board OF Dector the next
ua leuar meeting Of the Board OF Directors on Saturday
the first pri last understood that change IN The
Direction intended and IN accoFdac- with ha under
Standing you led The printer MONDAY the third OF
April bepg the day preceding the ecn aud directed tick
be printed with t9 names OF hs then on
Der individuals where arrangement was made Tor eject
ng Directors BY surprise and accordingly three OF them ere
A. regular meeting othe Bo"d Of Directors, Wsdne
day the m of pr,l (beng DAY alter the elsction)
Of he called
Ianaon relation 10 your conduct as connected with The
seat and in an exutng and poapous maans replied fol-
lows: the elements IN motion and toaS told hG
had inos crelr aad thai togu!d DC GJe 10 proeesa
treating murnesrs you stated Az the same une a
opposed it. aud you added that the day OF the econ you
held your pocket proxies loT three Thousand s@es o"
have repeatedly asserted he you had nothing to do with
farming out the Directors Such uickery has already pros
stockholders great loss and Is calculated TO eStroy conn
dr.ce i'll other monsyed Institutions ana ons 'heh
aJ NOW for the letters about which you have said much
aud labOred hard make the basis impression
uniavorabe Directors were not bound 10 ask your
write letters nor TO consult you as 10 ~h1
leraton of az important proylson IN the Charter without
consulting them ,, LII, 49,. % ,ov.-,,
M Inbers Assembly they were submitted TO- aud approved
Of ether Directors ou not ioT rsason @ mere.
ffh on me- OF abuse and on the 3st Iaauary a1
thee Senators enclosed them III an envelope
,nJ them the hands OF: gentemao and requested
him H. return them If the objectionable clause III the
Eli should b. stricken Assembly but # not THEN TO
nand them 20 the Se1a oTs nearing thing from e
.nrn u Who took charge ct those letters, did on tAe
day OF March address letters TO s-Lato ana oIM1Ia
ed then, oy mails three letters were however retn:ned 10
me With the seals unboken but not until some time alter he
Iinuruent Of the Legislature; the letters all IL sub
stance tr sams ard contained plan statement 81 facts
In compliance with what believed 10 be ay du
l.r idea ths duty OF Directors
~ d the rights Of the of SockhodrI., and not con-
ocecdrs caIcalaet only TO s5sn ns m eqpdI'H INK OF
few. oG-S' ~ NJ !, 49,.