New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-04-22

Mr. sexronr CHARGED the President of the Road with
Ia ing fraudulent balance sheet 10 the amount VI
sl74.5l5; that lie was defaulter had usei ,iie cor
POI siion- money large amount had sent down 20
Boston $1,000 belonging 10 the corporation, wn'-n
WIS bankrupt order 20 take up joint note OF James
C. Dunn and himself that the object OF Mr. Lincoln "a
coming 70 Boston while be az Nobhed, was 70 pro
cure moneyio make up deficiency due the corporation
that the President receipt OF large sums for
extra services including two and hsl per cent ior 10
dorsing the paper OF the corporation, making eir'
In four months that ne sold stock in rhe Vermont and
Canada Road 10 John Z. Ta6yer & Br1iher, al loss
OF four dollars per share that his h Tor land damages
amounted 10 81 600 in face Of his OH al letter Oh st
year tia. the whole would not exceed SslW" thai
MIR Lincoln the Presidents clerk IN the pracrice OF
falsying the meEt OF the earnings OF tne ro "a
his order; that taese statements were ~ steintcAp
acceraied the confession OF Mr. Lincoln; tnst IN 'e
Offices al Boston and Northreld neher Kne" lS eN'0'
condition of the other that loss ct five per cent was
sustained by the corporation owing 10 selling bonds oy
sealed proposals rather than By aucron -,
Mr. SEYMOUR sso charged other Directors win nav
ing received extra psy for their services ina, st
Whitrore nsi compromised himself; that MT Smisl'
President Of the Vermont and Canada kosd, had VIM
ten or expressed the wish 10 have certain lana .nass
nut very low, with the request that Mr. "htmoro
should not know that they not enough; thar the
whole Board indirectly implicated In pecuhuohs
He charged also thst the accounts OF the coporston
were rot balanced that they were carrying irelsi1 ~
sorne instances az an expense Among the charges oil
the Directors that of 800 By Mr. Putnam IN ouI
months Mr. Dunn Z q cent ior selling h'n n 'a.s'
bonds An attempt OF Mr.. Peck 10 obtain "a Y cen..
for efforts to negotiate loan OF >lV1OVV was h't
allowed he said because the Directors thought was
going il too strong Charges We're also msae against
Mr. Leavtt. clerk of the corporation "a.
The reading of the statement occupied an hour Ater
he had fsshed the meeting organized VIII benJa
min T Reed ESQ., in the chair and John T. Putaan,
Esq., Director Of the company took the stand amidst
some confusion and opposition, but was heard ana ne
refued many of the charges which seymour nh made,
and branded the whole Of his statements as false His
remarks were received with satisfaction. Hon JOhn
Smith of st Adams, President OF the vermont ana
Canada Railroad Company, made an e;Splansnon ., o
transactions between said Company and &. o. WINK
more ESQ., one of the Directors of the Vermont Gen.
tral Railroad Company, in which he excuipa'ed tnat
gentleman from the charges made against hlm eir'
Putnam stated that meeting OF the stockholders OF Tue
road had been called TO be held at Northeid on the
4h of May for the purpose OF having committee OF In,
vestestion appointed to examine into the condinon OF
tho Comnany Mr. Charles Torrey read q resolution OF
INQUIRY which he should offer at the stockholders meet
ine and moved that committee be appointed NJ THIS
meeting to consult with the largest stockholders oil the
road in reference TO the committee OF inve1dgation
Messrs Charles Torrey, Thomas Thacher, and VIM II.
Gregerson constituted said committee TIE meet
ing then dissolved.
In the Tax Act, just passed by the Ohio
LEGISLATURE there are some sections in relation to the
which the taxes shall be assessed nd collected
of very great importance to the holders OF the County
Bonds of that State These sections as follows:
SEC So The Commissioners of each County shall at the
March or at their June session, annually, determine the
amount to be raised for ordinary county purposes for bridges
for public buildings for the support OF the poor or interest
and county debt and for the support Of com
mon schools The Commissioners however shall set forth
upon record of their proceedings specifically the amount
10 be raised for eech of the above defined purposes the
County Auditor shall carefully ascertain the net amount col
ected each purpose under said levy and han not Dc
r,fui TO use any such specific fund for any other pose
than the for which the same was specially levied
SEC. 76 Every County Auditor, and every District and
Township Assessor who shall In any case refuse or know
ipsly neglect 10 perform any duty enoined him by this
act or who shall connve at any evasion OF Its
provisions whereby any proceeding required by this act
shall be prevented hindered whereby any property re-
CURED TO be listed for taxation shall be unawfHy exempted
the valuation thereof be entered the taxst at less
than value shall for every such neglect refusal con-
sent connvance forfeit and pay to the State not less
than hundred than one Thousand dollars at
the discretion of the Court be recovered before any Court
of Record in the State