New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-04
S1me one called for the
resoluiions,

D,. you call for the resolutions,
'"S Wr Wser adjourn TO meet at New Haven.
=" -. though the great object Of the meeting
:, Ta l such resolutions passed az would enable
- take some proper action.
. me further disturbance occurred, when the Chair
prealed 10 the meeting TO sustain him.
Gov Halliburton neat took the floor. With VI.
Ingerson he had doubts touching the reyalarity or
legality OF holding meeting in the City of New YORK.
He would have these doubts settled first before pro-
ceeding to a consideration Of the resolutions:
Mr.. Nelson inquired OF what principle it was ~
dertaken 10 separate the two descriptions Of stock
He wanted to know who had the competent authority
10 do this He had some doubts in the premise.
Mr. Robinson Of Philadelphia warmly advocated the
passage Of the resolutions.
The Chairman thea re-read the resolutions.
An aIne ndment was offered but rejected that the
trsrsfers be made only az New Hayen-the word
" New York" 10 be struck out.
Much discussion ensued a. 10 whether the res
oluiions should be taken shgiy or II the aggre5ie'
II uas decided that the voting should be according TO
the nunbr Of shares each holder was IN possession Oh
A member said there was use IN going on WIN
proceedings ike thee. lie was fully persuaded ihlt
The meeting az illegal-the proper place 10 hou Il
Mr.. Wright Of Hartford then read the following
resolution: IL, c...--
sessred That the New York aud New Haven Company,
bong Of oJifon that the called upon BY PnaPs' e
equity and Jls.ce assume end accept ne nale9s 90
III chatter Of the Comp any do hereby refuse 20 &C.
ssume socTt recognize in any manner the ssa '0alen
Tn re.oiution not being seconded the Chairman
said the question was on the original res9lutions
/ Mr. Pb.lps suggested an adjournment 10 New. II r
ven sometime in NOyenOeT Id thdt case u "OuI1 DC
legally constituted meeting.
| HE vote by SHARES was called, then by ballot and
st LIST BY Uira rOcC and which later was unanimously
adopted ...-.
the following gentlemen: Mr.. Bradford, Iston Mr.
! DYER New-Yoik; Mr.. Dater, New. York Charles L.
/ Cris@od, Conn; Ely a. Elliot If CLIFTON, Conn.
An investigation made into the character of the
stock rerresented by the Committee, but none OF It
| was found to be spurious .
The Chairman read The following resolutions by Mr.
SturPes.
York and Ncshavon company has for his own purp ''7s
S lac s1t sock and said stock has been convex
by said sbuy firm otu.ng great injustice 10 parties
heolr,d That Committee tt holders Of the stock Of
this Company appointed to confer with Commute Of tn-
Of consultation with tn object Of obtaining II possible inst
rsTts in ofoer 10 he endless litigation aud preiudices
and exIeusts 70 tie public and this ConP'ny waGn woud
the vai0us qatetions connected win TINS fraud
Eep.d That the Committee to be appointed pursuance
Of TIE foregoing resolutions be requested % ute parties ho
ing the Scbuy stock be appointed 'mmtee Of Confer
elce IN accordance with The above resolutions
6eor6d Thai the Committee report action Of the Com
The Dheotos AID that the Directors be requested
10 Port the the stockholders for such future action a.
they may deem requisite.
The resolutions being seconded
The Chairman read Mr.. Siurges remarks m sup
port Of the above resolutions, az follows:
| ofef these resolutions to test the vie IS of the
stockholders the prOprcy Of action to promote
an amcale and equitable arrangement of the various
interests involved III this fraud
Whatever may be the legal rights Of the original
stock hOlders conceive ii to be their interest that
compromise should be made, and that the claims foT
damages which may be urged against the Company,
be adjusted.
II on arrangement is not accomplished il il obvious
that a series of vexatOus ana complicated law suits
will be opened and the Company embarrassed for
Years awakening III feeling and disturbing the com
munty with the sense of the insecurity OF transac-
tons with corporate Institutions. Personally would
rather suffer wrong than be instrumental in carrying
such a disastrous state of feelings.
10 my mind the difficulties of great magutu te
and require caution aud Judgment, but actuaied by
sense Of justice and with the disposition 10 do right
some pan unquestionably be devised to harmon
ize the conflicting interests
Tie resolutions of MIR. Sturgos were superseded by
motion to adjourn by Mr. Phelps. Mr. Phelps
motion cal cd for an adjournment TO meet on the
ond Wednesday IN November III the city OF New
Haven, al II o'clock, A. NJ
A shareholder thought il too bad that the 50 per
Of the shareholders which New-l orlI represen,s
should be compelled 20 Ia Connecticut which only
/ Owls 20 per cent of the stock.
/ But the motion TO adjourn was carried by power
fol Iising vote and against strenuous opposition