New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-01-24
Camden and Ambsy Railroad and Raritas
Canal ompa nies.

The following article from the Corner and I'm
.trsr We consider of sufficient interest the public 10
puh IN entire IN our columns The Corrisr n er
ror in reference 70 some Of the gentlemen named ia
,her article which have taken the liberty 10 correct
ufsn d.psrsgement 70 others 20 say that there 1.
not 10 the United states smother Association or Com
pany that boast an egus number OF Directors whose
name. are generally known 80 the public a. The Cam
een sad Amboy Railroad ard Delaware and Rsfitsn
Canal Com psnes. They are known 70 our Whole com
uny a. men Of the highest character and % the most
M enished integrty-men a honor. wealth, ana 90
"a postor who have never been mixed up with spec
ustve concerns ana who are esteemed Ike for ineir
talents their enterprise and their high personal honor
] That such men. including JONI kobssr and EDvIN
] STEVENS. Commodore STOCKTON Mr.. THOMPSON and
and their associsiesh ud be char zet before this
ialse reports TO stockholders and the ps5
lie emoezzlement OF funds belonging % the STATE
and robbery Of moneys belonging 70 stockhoiters was
indeed MISTER Of .sorisnmsnt That the charge could
possibly do niury b The asssied. In opinion
I an s5surdity and yet, iussmuch the charge
itersed snd published far beyond the region where the
gentlemen implicated are personally esteemed and re
soected they determined institute such investgs
non into the affairs Of this association would leave
10 doubt Of the nature Of the gross charges made
agaius, them, and the character Of their ssssisu,
rgid Investigate into the Affairs Of the companies
was accordingly made BY Messrs JAWS e. KING, Gov.
| PENNINGTON, and Hon. CHARLEs FAKXER and We
noticed some days ago the resolutions adopted al
general meeting Of the stockholders 90 ihs Company,
accepting and approving the report made by those gcn
tenen who 81 the instance Of the Directors Of this
Company, bad examined thoroughly rs books, vouch
and SCENTS In order ascertain whether any and
wha, foundation there for certain sweeping and
grave charges OF fraud perjury, mismsnagement and
mssppicsuon Of the funds Of the Company TO ihe
great wrong Of the State Of New Jersey, and OF the
Stockholders Of the Company
The fac, ,hst the Stockholders themselves approved
this report which entirely cisproves these charges
and that they renewed most emphsticany the expires
sion Of their confidence in the conduct sk and ntes
riiy OF the Directors seemed conclusive that no
foundation for these charges was believed 10 exist BY
those most interested In sscertsining their truth.
! We now have copy OF the psmph.ft OF : psge''
giving the result Of this examination. This detailed eN
animation Is preceded by the following explicit snd
emphatic testimony OF the three gentlemen who con
/ Quoted the examination
! one OF these gentlemen least is well enough
known in this community 20 dispense us from any ne
cessty from laying any stress upon his opinion out~e
NAV add OF our knowledge. that the other two
gentlemen are IN Ike manner 70 be entirely depended
/ upon and then II may De Gained, In behalf Of the
Company ssssiled. that more complete vindication
from sweeping, pertinscous. and. as would SEEM IN
scrupulous accusations, could not be- desired
Where the officers and directors OF this Company are
personally known. II might perhaps seem supernsous
that they should deem ecesssry 10 ASA such an eS
animation Of charges anonymously made but tnese
were extensively, industriously and maiciousy CIR
cu.aed snd with such untriDg iteration that II was
Judged right TO ask some gentlemen wholly dsnter-
essd and of position and character that could not b
! impeached 70 look into and report upon the whole
subject They have done So and thus unhesitssinsy
state the result OF thelr inquiries
| REPORT
T. re J,'i s,ara Drar' q ne csrss" e.s t-'', Rs''as
The undersigned. by aresouon Of your bosfi were re
quesed into he sfsils Of your Companies 80
administered by their executive officers win view 20 |"
certain truth fzsehood Of certain designated charges
lately made sganss them by 40 anonymous writer signing
himself A ciuzen OF Bur neton" These charges con
tanned accusanons OF perjury fraud, ias- enues 10
books OF false reports msde 10 the stockholders
aud the public emhezz ement Of funds belonging 70 the
State robbery OF moneys belonging to the sockhoders
The underugned a. they were urged DO by you ins-
scrutiny into these matters and FOR hist pun
they gdy inspected the books OF sccouni the re-
OF the meetings. well Of the soch holders
the directors the vouchers Of al descriptions and ike
wise the desis Of ADMINISTRATOR by calling before ihem
for EXAMINATION the executive officers and many VI the
sgenis OF Ih- COMPANIES as they thought proper.
The result OF their soors they siyed III his unanimous
conclusion. hch they declare That mere has no,
been, snd hs there 10 not now. any foundation for the
chsrg.s Inquired niothst DO ground has existed or now
exl.ts for auy mput-on upon The character conduct
personal or Official connected with their administration
Officers Of he Direclo OF the Camden and Amboy Rail
ROAD and Delaware and Rsntan Cansl Companies
Ths-ss necessary consesusncs-no moneys nave been
thhed hom ines ate for sDs dutesup passengers ~
merchsnd legally chsrgesb herewith nave
embezz edand none unac ounied FOR 10 the stockholders
by whom 10 their successive NEE ngs full approval and
sanction have breu given To thu scts Of The Directors; al
OF hich they bad tho fullest opportunity 10 investigate
Thai so f4 as they are competent to Judge the under
signed believe hat would hardly be possible TO oevise
Of keeping sccounts hely than The adopt
ed by these Companies produce Ia check
mistakes. snd to obysie wf error. frauds well
cerus Ia all the influences of deizil
Tae undersigned sso feel II Ia be proper e them 10
that efficient and uswOrhy set ~ officers and
those connected with these Companies
belief he founf In The Of corporation
Tnes appeared the undersigned be OF character
and Of qualifications well sdspied and fully sdeq tho
responsible cuues which they have 20 perform.
In support Or the above declarations the undergn beg
fer the Remarks" which follow. ard they would
ssk stien sso 10 he Table, appended hereio Witch
prepared with much from the books snd vouch
Of the companies by the Secretary Of the Committee.
MIR Bradley, tn whose sccurscy they have entire
ce h order TO cOnrovert clearly than Otherwise
could have been done the facts assumed and the reasoning
from them, adopted with view 10 sustain the charges
which have formed he subj CT OF inquiry.
All ofwhch 10 respectfully submitted
JANIS O KING
Wa PENNINGTON.
26lh December, 1913. CHARLES PARKER
We annex here the emphatic testimony Of the stock
holders At general meeting 10 which the Report Of
Messrs King Pennington and Parker submitted:
BORDENrows, ". J. Jan 3. 1913.
At meeting Of the Stockholders OF the Delaware and
Rsritsn Csna ard Camden and Amboy Rsroad and Trars
poraton Companies, held this day pursuant 10 public no
fce the meeting organized By appointing Edward Harris
ESQ Chairman, and William q Alexander Secretary.
The Chairman announced h,t he object q the meeting
for The purpose Of receiving report - ihe Commis
appointed by the Board Of Directors the
Camden and Amboy Railroad and Transportation Compa-
Commissioners presented ano read The said report signed
By Messrs JSuss King, Wm Pennington and Charles
Parker.
81.