New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-01

majority OF stockholders corporation. against
the express dissent OF any number Of stockholders
who NAY be unwilling 10 have iner property ihds
appropriated
What wou be thought OF a law which should in
terms c9npei a 10 subscribe Tor STOCK III tais CAna
da road ana pay for 1t. proylce4 only thtt his lg-
hois and {. should first consent - II Is a1Slr-
diiy ana anG injustice W,ut be 50 glazing that no
BODY would Justify Il
II A, b q are CO partners IN mercantile business
IN Newly ork, what wOu0 De thought OF ne r1 lVeri-
Ing is funds 10 railroad speculation IN C49ada.
while only two Of the partners consented. although
the third should object Law YOui - int N ;
would amount 20 = violation OF the contra b., of part
neTshIp. and adepaTrure from l. origin Al Oh
jet would make II the duty OF a Court Of Equity
20 interfere by injunction and prevent IT.
Car II make sny difference that the cO-partners n
a railroad corporation are more numerous Me
the nights OF individual stockholerStiereoy eh'Hels
lost I'll believed not. II ,hey are railroad invest
menis instead OF being, a. now, among Tue most
safe end desirable wiki soon come 10 be me le ISL so
The Utca and schenectady Raliroai Company was
incorporated for the purpose OF building af3a4 rom
eQulppIne and operating that road the stockholders
contribute Their money BY what process OF reason
me car II be shown that any part OF the iunjS 81 tnal
COMPANY should be invested IN a railroad N tanala
Many stockholders IL the line OF roads from Albany
70 Buffalo believe the Canada road # made would
prove an utter failure and that an investment IN II
Won he total loss, ~he others profess 10 be!e'e
Il WOuG be q paying stock. IL those VINO urge this
subscription believe that II VIII be good Investment,
let them subscribe ,ndiriduagg. # they have faith
enOUe In its produCtyeness TO Yisk their own money
IN It's construction, there Is no need OF lnvol M TIE
Railroad interpretations Of the state III TINS iorelgi
speculation. l. they have not such ieh rhy sh0lld
they seek 20 seduce these Companies, or 70 comps
unwilling stockholders INTO this enterprise
Those who favor this subscription. claim thaI tue
construction of the Canada road would prevent me
Westeyn travel from coming around the soulh snore
Of Lake Enc 20 DUnklfk and Buffalo that i would
taken across tauaCa 70 Niagara FALL. and thence
over the Rochester and albany lines OF road 10 Al
ban, and New ORR. If TINS supposilon rs correct,
trcr tjiorls tend directly TO build up IN Cana1a an
interest conftsstdiy hostile 10 the long lines OF IN
teII a. Improvements commencing al the lar west,
1854. whom, shlfuug Tie southern shore OF Lake Enc,
con- tct az Dunkrk anu Buffalo with the avenues
leaf. Ig io Newly oTk and the Eastern states. Bur
f;1 would thus be ihTo~n toto a position OF lneVua-
% p hostility 80 the Albn, hne Of roads AID would
pfn.ahy OVER from thIi route. ana thro" upon ts
NlH-l orl and Enc road. a larger amount Oh FdNel
ttsf the Canada raad would bring 80
These are q feu OF tire cons Iderltlons when VIII
suggest themselves 10 those VINO are interested IN
this question MANY others might be pTe,entel, ou'
Il Is unnecessary.
Il i, an CID a-age that -" y j. best 10 let well
enough alone" The roads between Albany and
Buffalo are now dong well enough. lheH STOCK
holders are satisfied with Their dividends. II they
have surplus earnings, hey Ond their clVldenus most
Of them nave existing debts-Some 10 lar re dinol'.s,
TO Which they can apply them The Directors OF
the Railroad Companies Of This state We're chosen
20 manage me property Of the stockholders already
invested III Their respective rOdds-not 10 look up
lew investments for them Il Is to be hoped they
VIII consult their stockholders fully, carefully ana
frankly, and get from them very decided ana pre-
uOudeTajng expression IN favor of this PROJECT, be-
lore 'hev altemp. to commit their respective Compa-
fue> 10 "A policy to which II is well known that very
many of tie individual stockholders are hostile. q.