The New York herald., 1851-11-20
FINANCIAL.

Tln RIoHrs OF STOCKHOLDERS IN RAILROAD
On On q: he sss ss s. s.R: .ss sss {:
II as, Y
n: Great .s :: e. hss
dsF;sa s:
TIE q the
any Their psoUsrsy /. q. ssssk
% e on ssy are Y 70 forced
holdrs 5his ~tee sus.sss many Question, 70 what
poIaons in this State. and how far rights can
ss as'Iss sa RI.
II is obvious thai the citizen who invests his capital
route Of lie road and il: supposed
so who S %s Ss road
well be thai his view O the capacity Of the
TIER sostrS him in the ssisc lion Of his atestnsn Having
s in in sa % Wrong ds
81 & they nay obtain the Of
sIsr hIa they and Ssis shs%
lsn., their in aSF:a II
esrposson this could ssss dys1, tfs tss
s any s
strous would not deemed usiicssicn thss sse
istiS1 to lie coHEsny The
sssnss sy "si's On ahss
sss5 Act of aud ROB tse
ing ing tsSis in the Company Ana tsn.
psrurs f:o etima.e object in the
psIatien q the Company, than diversion Of i.s funds
,.ronS, The proximity remotenes Of foreign
IN by The Railroad vomPan. this STATE in Canada i ssa
wherever ssa Al Psss SssaasS ~ sns s. T. oS
LeEsture eensep Ting r.roa sSfPSrsson: u hss
state mayembarh in building ralr ads NOyi. scotia
it cannot be possible that a principle which hight
By mso I
II against sse EXPRESS disses o
apS PsPsr,y .sSs
,s ss sa's N i:sa' S%ei % $
n.d sSsd Ss i s.sa 10 It's .oa
jasiiii it, and are ss,Par.aers II @srs.atilo ba
vertiDs funds railroad speculation Csnad. whiIs
's Of the partners ToSS sss sossh hs sa
70 violation Of the contract Of and such de.
Court Of Lquy DiunctiOn and prevent
Can I. make any difference that the eo-partnsrs N
q adiyidsI ssssIheiasrs thereby entirely iossT
being now ,mons the most ssis and dssfaSis viii soon
Be T
from sehsnee,ady 70 Utica For the purpose Of building,
s, e
line d roads Albany Bunaie believe The csnsss
ys: rss;s sa.s
ev. vii iiis oa 1is was ass ss S
.hem 'ub,yits indlvdually IL sAsy have faith sasash
II ssr. ns " a their % s3oss Ssy ii. !. r.Ssd E
Of the State in t. foreign speculation.
If they have such faith why should they seek 10
duce these Companies to compel stock
into this enrprise Those who favor this subsorJt;on
claim that the construction Of the Canada road would
the Western travel from coming aroun the South shore
of Lahe Erie to and Buslo that it would tsts
Canada TO Niagara Falls and thence toe Ro
chester and Albany nts Of road Albany and New Yor
IL this suppositon their eorts tend directly to
tuiid Sp IN c,n.as an n,sr,s cens'sSy hostile = ne
West and which, ,kng the southern shore OF Lake Erie.
connect Drnkrk and Buffalo with the avenues leading
to New York and the Eastern States. Buffalo would
thus be thrown into position of inevitable hos.ilty
divert from that route and throw upon she New
York and Erie road a larger smount Of travel
than the c,nad. road would bring These are Of the
interested in this question Many e.eess might BE- pre-
seAted but 10 Unnecessary 10 an old adage, that 10
we'll enough alone The roads between Albany
and Buffalo are doing we'll enough Their stoshhold
satisfied with their divdend II they have surpa
esrnpg beyond their dividends OF them have
debtssone large which apply
1he directors Of the railroad companies Of sails state
chosen manage the property OF the stockholders already
invested their repeeiye rosdsnot 20 look new
their stockholders uy carefully frankly. and get
them very decided and expression In iavor
OF this project before they attempt TO commit their
tive to policy which 10 is we'll kno
m Of he indy a