The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-05-28
THE LETTER.
(Concluded.)
Squire Bogss has an eye to the dollars and cents.

| THE LETTER.
| (Concluded)
| CHAPTER VII
| Squire Boggs has eye TO the dollars and cents.
| Put down your money, ye rich men"-how can you
resist such opportunity orratherhow any man
pretending to SENSE say nothing OF honesty
insult whole community because they do support
| measures and men too, such presented by the
knowledge of the notorious and damnng facts
with the enr mt OF ms Krsas Work Is
nsulted should not rather be defended and protected
from those who trying again to mislead them
mild term Read the following extracts from the Report
OF lloratio Allen, Esq.
Loss on So 600 900 State Stock ..... $500 4sj 9s
Miscellaneous, Salaries OF Officers Clerkship
One years Expenses for managing the fifty
miles Of road from Piermont to Goshen,.. $4,000 90
s6s575a 81
Sir hundred and eishtyre thousand hundred and
ture gross enough truly Of about S4OooOOO
thing very much resembling siIth Of this
expenditure large that of the New York and
Erie Rail Road Company surely the account should be
exhibited by proper accountant, not by treasurer
who and accounts of magnitude of this
Rail Road Company should be AUrnENTIcArrp AND
| SWORN ro-can these be authenticated Dare they be
| sworn to Let this not be ansDe,ed-Bur II BE-
| DONE.
CHATTER VIII
Squire Bosgs is witing to give the devil his due
Observe the phraseoogy of the short just given
What legal expenses w Why erptnses this
is what is meant put last? Answer-Because this amount
dare not he specified truly Salaries to officers %
too disgusting here that of these use servants
OF the Company the former have been bah in the
"a, tn, the pleasure Of ne Company ' q paper and
enough cfthese two patrons Of the Herald" Noscur
sociis"s brief but most opposite remark to all this
men, for he does not muzzle the that reads the
corn"-hs pays his clerks !Horato Allen, Esq, and
the New York and Erie Rail Road, do not pay those in
the Companys office they forsooth, lay out the money
to than the
In the items Of expenditure just quoted pray in what
way under what heads of EXPENSE has the $55 lob
serve how erae the accounts kept $55 OOO) been
disbsrsed ?-WHo has participated in this sum When
this answered-he next inquiry should be chsre the
balance expended? Is it in Mr.. Treasurer Persons
keeping it in course OF Liquidation Tiff SO, could it
be more honestly disposed Of than in the payment OF
for illegal erpenses" by which is meant according to s
reading, sucn deemed legal" by Messrs. Allen
Brown and Bennett "Put down your money, ye rich
men"-proy door rather pray do not.
CHAPTER TX.
Squire Boggs has lucid INTERVAL and ers cord o. t.o
Of common
is said that faultfnding always if not invdious
nvdous in the preceding observations let the candid
reader deermne-om the facts they srsf-as respects
ahe hoW to
press Indignation and disgustto stop well to begin
where censure itself is puzzled and where one
single action can be justly commended But the design Of
this second letter is not altogether to find faulalthough
expose abuseo correct remove Obstacles
obviously the first steps to be taken before any
formance where these prevail land do they here
ought to he commenced and without which being done it
assuredly can new be The abuse
the errorshe obstacles-now existing a certain
ty II not removed, prevent the New York and Erie Rail
Road Company from being completed under its pre-
sent charter When these removed they easily
be- the next point for considerations is what plan Of pro-
ceedng will be best calculated to effect the object of all
FOR ALL ARE INTERESTED COMPLETION
WORK
Every cannot be pleased, any than that every
thing be performed and certainly exist
ed where the remembrance Of these trte trusms will be
more needed than in endeavoring safely to the
business Of this Company Mutual as well a.
held or given with niggard's handwriting will prove
more effecual impeachment in the way Of ultimate
cess on the contrary this undertaking should be taken
up begun, with honest desire and determined
spirit there be difficulty in this enterprise, which
the people, who have made ERIE CANAL cannot easily
overcome
Squire Boggs speaks by The card and gpss his plan Of fin
ishing the road.
The following the course of proceeding submitted
the public best calculated effect this desirable object
and may perhaps be- at least excusable here to state
that the author Of this letter recommends It, from his hav
ing successfully conducted business of similar nature
the only il is believed record in this city in the
way proposedso that If not speaking exactly, ex
cathedra-he cannot be said under the admoni
ton OF ne sutor ultra crepidam"
The plan then should be- il is conceived, az follows
THE present Directors resign Immediately, ION pub
lie considerations alone !"
2-Mr Whitney or some fit and prominent in the
IA competent Vice President to be appointed with an
adequate saaryi being understood that the chief labor
in tho direction ofthe Company is to be performed by this
The property and effect. of the Company to remain
Tor the present. they in act according law in the
custody of the Assgnees Trustees under the Deed OF
Assignment
5-The Trustees to be required to furnish monthly state
ments Of their proceedings including the expenditure to
such President and Vice President as proposed
6-This statement to be published in two daily papers
in this city, and Albany
When the Company affairs are thus placed in the hands
of their Assignees who themselves under the
reasonable control of their Directors, then
Let the Directors the stockhoders-the Creditors
the major part of them, and the Assignees join in an
application to the Chancellor for the notification OF the
Assignment Trust Deedthe decision Of the Chancel
lor favorable to the petitioners as it in all probability
would be- would the entire property of the
Company together with title beyond oil possible dispute
or uncertainty whatever.
s.When this is eectcd-then, indeed let the rich man
because he Is richand tho poor because he poor
but DESTROYS to become rchlet, in short all then sub
scribe, and with long pull strong pull and pail al
would soon be seen that this undertaking. az
well the Canal that bears in part its name, Is equally
within the power and the energies of the people OF this
State.
such then Il il believed Is the outline of the shortes.
we'll the safest plan for the completion OF this Rail
Road under its present charterthe difficulties at present
in the way must be removedthe first step should be to
dismiss ut onccthe present Drectors-and elect such
gentlemen would from their position In the commune
ty be guarantee against all rrirate interest mere person
al considerations and jobs Of all hnd-this in instant
would restore CoNFIbENCE-snd this Is an in one oord
that The public demand!
BY the continued action OF the Assignment Trust
Deed il gives time for dcIiberaon for negotation-a
enables the Company to its lost character and
gain rcnds-and this too without any injury or in
justice to any one, but on the contrary proper be
made Of the opportunities afforded by the Trust Deed il
will be found to be the proxmae cause Of the prcserva
ton OF the Company property and perhaps too Of the
completion of the Road itself
AThen to the application to the is Of no
consequence whatever whether the Assignment or Trust
Deed shall be deemed hereafter valid instrument
it is enough for The present that such Deed does tTist
and therefore it is quite clear to every oneMr. Allen al
ways excepted-hat instead Of wasting time and money |
till both parties would find that each had shell apiece
and the iaoyers The oysterhat II would be the bes-ths
the shortest plan TO unite 10 the application
proposed to the Chancellor TO quash the Assignment
thus promoting alike the interest of ell Immediately con
cerned-and particularly the Creditors Of the Company
bring the question at issue into single application
and thus at stroke, and with very little delay
-four months at most would be sufficiently put end TO
boundless expenses, and endless litigation |