The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-09

with the lame of an official contradiction
portion the officers and directors of the Erie Rail
their Individual credit to that Corporation have been,
therefore, very unfairly personally attacked in one Of the
morning journals For the benefit of the company they
under individual liability to large amount, and
this course which should ente them to the thanks Of
the stockho ders is tortured by malice into crime In
order to make the company perfectly easy its fnances
the present treasurer, upon accepting Office made
arrangement in various quarters for the discount of
$3.50 600 Of the acoeptances alluded to- One half Of the
amount came due to-day and paid. The other half
will be paid when due, the 4th prox. The gentlemen
alluded to may well threaten to do good natured
action again, when such is their reward.
In order to reply to the above, we present for cons
deration the annexed certificate from which, it con-
tans the whole of original CHARGE it will be seen
that sole object to show the statements
made that the nsr cial condition Of the company
embarrassed; and had Mrwaters kept himself quiet,
this matter would have rested whore left it, Of
the of the day-a great dscal evathan
founderng and laundering in the midst of financial diff
cultiss-nothng more nor less; but as the Assistant
Treasurer Waters volunteered to the rescue the necessity
for further examination the immediate consequence
and the exposure complained off,
TREAsuRxRs OrrcE, N. Y AND E. RAILROAD Co.,
NEw YORK, August q, 1853. !
TO THE EDITOR OF THE NEW YORK HERALD.
The money article of the New YORK HERALD OF the 10th
inst contains paragraph in the words following, viz =
shall
The ssss S,S We shall & w s
:sSe Ss ,1' 70
% and e. hnSSsa sd
part wsch nesotsed in Wall street with tner
t.: s for
OF the notes discounted in the street and in tho
highly Prefa5s that shs funds q The semi
the came system of fnanoiering
gave you verbal lorna of its want of tru tn, and
as matter of Justice asked its contradiction my
n VI
contradiction should be made by myself politely Offering
to publish what might write on the subject and at the
time suggesting that brevity desirable Ac-
cordipgy now refer to said paragraph and aver that
the statements therein contained positively untrue
: ''''' p&'T T. ]. WATERS, Assistant Treasurer
New York and Erie r. r. Co.
From careful inspection Of these counter representa-
tions it win be that while one party denies the
whole charge and the issue of notes for
the relief Of the company the ether Acknowledges the
impeachment, and claims reward for their protective
self sacrificing policy II had time and space We would
20 through entire Of this peculiar affair, and
prove through variety of testimony, that the dscre
pances the result of financial crisis among the
parties We charged that sceances had been issued to
raise money for the relief of the company, and that
these notes for various Gums making aggregate
Of about million the existence Of which Mr. Waters de-
MED, through official note the 22d August, when,
in fact and in TRUTH these endorsed acceptances had
been in circulation for three weeks; and venture
to PROVE if denied, that the s35ooCo acknowledged BY
the alluded to- was 10 part or parcel of the drafts
to which article had but the contrary,
an additional Indebtedness.
The annexed copy ofons Of the acceances OF lowest
der ominaton exhibits the whole truth and plainly shows
the real character of the transactonhat the credit of
the company used and involved for the sole purpose
Of sustaining private stock speculation, entirely selfish
A.
would have been much better served had the tamperng
and yated resort to its credit been avoided This note
in its FORM conclusive Of representation and affords
abundant proof that the Assistant Teasurers certificate
written in good faith in ignorance Of the facts To
be brief we state that Mr. Homer Ramsdel had no
authority from the board Of directors to draw the
Treasurer Robinson in his private character and that
having done by connivanee with the treasurer,
and several of the associate directors these
were registered and, therefore, could not have
under the cognzance Of the in whose
department all regularly issued notes. bonds and
tances uniformly registered; but the notes to
which referred llegitimate and issued without
the sanction of the directors Mr. Waters knew nothing
of them and therefore protested against tn cir existence
With regard to the payment stated to have been
made, have taken the liberty with all due res.
pect to the directors implicated to say that no pay.
ments have been made, but that all that was done
was extension, with a remodelling Of the paper,
secured with additional endorses The company remains
still responsible, and in the event Of . failure
in the stock speculation OF the grantees will bear
the whole burthep Thus much for the precious regard
for the stockholders the drafts had been made for
legitimate purpose for the benefit Of the company they
would have been sgued Homer Ramsde president; but
inasmuch as this not the object Mr. Ramsde took
counsel legal knowledge which informed him. he ina
gnsd he could commit in his private capacity
which might be construed criminal president of the
conpany STILL he and they may eventually discover that
this is difference without distinction.
We have heretofore charged crime; we only stated
the facts they appeared the inference therefore, of
crminalty, although perfectly natural has been the
sheer result OF their consciousness and their
perfect knowledge Of the entangemen of the entire
ration But thing certsin-as long the speula
tive movements Of the parties remain Incubus the
stock market there be let up the benefit Of the
commercial community
Here is the draft and those interested will carefully
note how it reads
s26, COO NEW YoKK, Aug. l, 1853.
Four months after date pay TO the order Of Nelson Ro
bnfon twenty five thousa nd dollars value received and
pace y "'''""' VI wv" " ' HOMER RAMsDEIL
To the OF the New York and Erie Railroad Com
pany, Erie place New York.
Epdorsed-NEsoN ROBINSON
GovEsyxrR MoRfrs, Of MosTsssnia,
DANIEL DRRw.
MARSHAL O. RoRERTs.
No B25Accerted for and in behalf OF, the New York
ard Erie Railroad Company
Nnsos RomRsoS Treasurer
,loncraisn ha rorfoc@ ibis ercanx.