The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-08
New Opera House

Yesterday evening, between eight and nine O'Clock
meeting of the members Of the newly incorporated
Academy Of Music held in the lecture room Of the
Stuyvesant Institute for the purpose Of receiving the re-
port Of the gentlemen who had hitherto managed the
affairs OF the corporation and for organizing their body
into regular form. Mr. Schuyler having been appointed
Chairman, and Mr.. Finley, Secretary the meeting pro-
ceeded to business by hearing the report read by Mr.
Phaon from which appears that the capital stock OF
the company to consist Of $500 and not to 30
into operation before $780, Of stock subscribed for
Of which 25 per cent amounting to $37 800 had BEEN
paid in and $4,000 stock subscribed for, being
$4,000 moro than required BY law The gsnsh
men who had carried the affair through had acted
without requiring any compensation, and the only ex
pense they had been under amounted to $32 for OBJ
tanning the charter printing advertisements and collect
ing money.
II was then moved by Mr. H. A. Con-, and seconded by
Mr. wIHRs that the meeting should proceed to the cleo
ton of directors and it determined that the
Der should amount TO thirteen. There then some
hesitation how the votes should be counted-wheher
according to the number Of individuals shares.
Mr. PAINE said that IT originally intended that the
number of votes should be counted by shares but by
mistake in the wording Of the charter it would be
sary to take them by individuals.
On the motion of Mr.. PEARSON seconded by Mr.. wERs
A1terWdIub pIOpUkeu
be named by the chair To this addition pro posed
by Mr. PAINE and seconded by Mr. LOGAN that the share
holders should vote for the same by ballot.
Much time was now lost in calling the several
names Of the Shareholders the greater part Of whom
were not present. but answered by proxy the greater
rast of which were held by Mr.. Colt and Mr.. Phalon-
the former gentleman from the number of proxies that
he held reminding us of the late Duke Of Wellington,
used to be said carried half the House Of Lords in
his breeches pocket The above carried by IS ayes
4 noes.
MR.. LOGAN then moved that the meeting should
adjourn until Monday evening" at the same hour to give
the chairman time to make proper selection.
The CHAIRMAN said that he should put the notion but
that he was quite well prepared to give the list at
present as he would be on Monday
The motion having been put 1t was lost, and the
GLOWING list then baotted for by the members,
for themssles, and acting by Pro1y:-n
James Phaen. J. Green Pearson.
Henry A. Colt. Francis B. Cutting.
Charles A. Hecksher. Stewart G. Marsh.
George L. Schuyler. J. Beekman Finley.
Moses H. Grnnell. Watts Sherman
Hon. George Bancroft. Francis Cottenet.
N II. Wolfe.
which list voted unanimously, 1872 shares having
voted Mr.. James Phalon unanimously elected Pre-
sdent and Mr.. VIM. H. Pane Secretary. We understand
that the society, that regular board of directors
has been appointed will lose time in breaking ground
the purpose Of building design has not yet been
chosen indeed could any such thing have been done
this the primary organization of the society," who
have only just met under the provisions Of the charter
There is doubt that all possible speed will be used in
getting building erected and that it viii be in character
with the Importance Of city Its dimensions will be
about the same those Of the celebrated Scala Of Milan