New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-28

and still inconpleied and that other ...,Iss
works have IN their cost shown 81 ,aiiu var stioas
hom the original ss;imaie Il will readily b. believed
Nat this Canada Road, which " owns uo 70 a esA
Of 20 ooo coo will in the end cost nearer TO- ao
ana II so. far from paying fair dividends upoa IN
s'ock, he earnings viii &c insufficient 10 pay ia
Operating expenses and interest upon It's debt u
iouo~s mat large sums must Ne advanced by he
stockholders to make Up the deficiency
ava w"t.H eSfes 20 sasirs sp these large fss'ses-
e'ss ana sa''y, 80 sAs Ssal. irrespective v cost ~
proefs Ss re VINO York Roads trsl So, .As is fksf
they ar. irporfInt as ssscth.is,-s Tor b,,ns
wealthy corporations. the most reso,nsih,e. n noi
the only responsible stockholders they vii, BE com
PEELED in sheer SeifdeienSs and TO project the m.
vesiment already made. 10 advance the ENTIRE AS
cheney In short they neecec 20 foot the bills
Thus their half million investment, may. IN The cad.
become two OF three millions and the property
which con6dng stockholders have Entrusted 10 then
agents 10 be invested IN the favcrto line octweea
Albany and Buffalo. may, before they afe aware ~
II, be scattered broadcast In this reckless and -
proyldent expenditure IN Csnsds.
Let this rash and recklesStraing with TIE property
of other people be stopped. Give 20 all those who
desire TO invest their own individual funds IN this
Canada project, the most ample liberty TO do 50 bss
prevent them from compelling others, against thor
wishes, into The speculation
The truth is, this whole project was conceived by,
AMI Is now attempted t. be forced through, 20 pro-
mote the supposed interests ofthe Michigan Cent? n
Railroad Company. Its most active supporters and
advocates are the directors officers and stockholders
Of that Corporation. The Report upon the merits
OF the Great Western Railroad IN Canada West w.
COMMITTEE or as AmrIcrH frteHds," was signed By
J. NJ. Forbes, President OF the Michigan Central
Railroad Company, J. W Brooks. Superintendent.
Engineer and Director Of that Company, brsssus
Corning, Director IN that Company and henrY Led
yard and Henry y. Walker. both residents OF De-
troit and wellknown psriIsans Of that Company.
What New-fork interest pray, IS represented IN
that Commlueei IL lsa Boston lniores.--a hlchi-
gan interest-tn short, the Michigan Central RAN
road interest, which constitutes the Committee, and
speaks through II.
We are not let TO conjecture Oh this SUBJECT The
Michigan Central Railroad Company, IN their Lass
official Report. On June last say
But what we consider most important, Is the cp-
poTunlty now offered OF securing the immedi ate
completion OF the Great Western Railroad non
Niagara Falls 10 Detroit. We endeayored to obtain
leave rom the Michigan Legislature 10 assist this
Road by subscription 10 ITS stock, bu, were defeat
Ell, nOtwi bst3ndipg the sreat interest which thu
people OF the State had IN success By tbs pro-
vision in the Constitution requiring vote OF two
thirds Of ;he Legislature FOR the passage OF such N
act.
1--WE have, nevertheless, placed ourselves in con-
municaton with the Great Western Company, wis
are ready 10 do all we can reasonably ask TO meet
our views. and We uOgG E9w most earnestly call upon
you 10 subs cribe individually TO the stock Of that
Company. The citizens OF Detroit will undoubtedly
do their share the NewYork Railroad Companies
authorized by law 10 subscribe and those In Ina
with u.s. We have even reason 10 believe, will 10 -.
Mud TO secure the immediate completion OF 22s miles
OF road, which viii make our route decidedly the
hes. between Newly 0Ik and New England aud the
Great West these united interests have only TO pro-
vide for one.fnh of the cost of the Canada Road.
10 is to assist IN the contamination OF this Scaemes
to secure The immediate completion OF 22S miles 81
I road which will make our (the Michigan CENTRALLY
route decidedly the best between New York and
New England and the Great West" 10 build this
road for the Great Western Company With whom W.
the Michigan Central Company placed ourselves
IN communl cation" and VINO are ready to do ~
ne can reasonably ask 10 meet our rlslcs' (he views
of the Michigan Central Company 1t Is for such ob-
ects aud purposes that the stockholders In the New
York Roads are to be solicited, cajoied and II neod
be- compelled, BY vote OF two-,hirds OF their asso-
cate stockho ders, TO subscribe 10 the stock OF his
Canada Road
II remains to be seen whether two-thirds OF the
stockholders the respective roads will consent 70
this Subsci iption and II so, whether the various
Boards OF Directors will attempt To coercs the re-
naming one third into an investment opposed 70
their Judgment and their interests Should this prove
10 be the case, the minority will be compelled 10 re-
sort 10 the Legislature and the Courts TO determine
how far their night TO their property protectes
by the law and TO test the question whether the m
yes,ment which they made and desire 10 rcsala
within the limits and protection OF the State, can %
taken from them against their will, and, to answa
the purposes OF interested speculators ansfsfrcd
to a foreign jurisdiction sfooSHoLDhs