New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-06-21

he,;avo firm, siu,e scarcity ~ iha; holder. have A
confidence IN the future, ana are ai1hiH 10 i'''l W T.,
in ans Of the speculliye stocks, 'c-i me R-,l'
may ev.ufuate ia vGnlc and . general hsra. q Nv" IN
credit. Tie bank are keeping ''sF ''-- a.. -
other ciedltor-, are most "a gem '1 '"e'
leas; nj le o. pay. TIE business men Af' f'HP' il
onsv ard il The anous i1Vro. cement comp 'nie' !.
kcep OH the nal iei a ii.le ,'Ahe. 40 '-. -.
lower rates would probably follow" =, 80,
Al Boston there j. no change 10 n'ie III 'ls NM
market Tho rates are 10 = cent.
The weekly statement Of the Ncs-Oreans Banks snow"
IN ncrc,o Of loans Of s253,1 decrease 81 -pee o.
32ii73 Of circulation s,e-,i;. and Of depo'ils ~
s3C3ool
m. Committee Of the Boston Board VI Boxer N re-
csr t. the over ssnc of ten thousand shares Of stock
have made a report in which they slate that
..Tbe Treasurer in reply 10 your Committee s-lieds
,l,, ~ ,le 600 share. outstanding saturday a oiS
tr.t interview all but 1000 harc had been ailFnei o.
clrocol the greater part Of them on N'Aeny mo NM
leaving q; that fine Total ~ shares % me amount
loo 0oo The aIita being 0O 600 shares an excess ~
two thousand shares which shares Tue fr'a no sa'ei 81
he'd security for sIl goo ad' az, ed y Ian if w
many on InNmeni 81 which The shares 80 h,i "9
be- Immediately restored Your Committee believe MAJ
this claim j. not yet adjusted -.
Youf Committee desire 20 state In iur.,e - 'hc D.
rectors Of the Vermont Genital Railroad Company tha1
tia o,cr issue Of shares made entirely without men
knowledge authority. and BY the sole drrton d s
Tredef who undertakes Justify the under the fol-
low iDg vote passed by the Board oi Directors al heo7
holden The - of May, ls5i'
Where's II of vital importance the Vermont Centr'l ard
oEo,nsprIsh Raosd ,onlsss 10 as'e la G -. , i
s, Of rt and be;ven ard montreal iln
Icied That ii, President be Committee a fall rws to
adopt .reh the eSrease q ins COMPANY a.
Conran, fboy referred TO- for the purpose 50 desirable o INC
prosperity OF TIL corporation;
IA ''1 + 'i fl'w9AELTo,SS. Jr. cI.sav GIRO
And your Committee desire further 70 state in justice
TO the President OF the Company that there i re'h'"
suppose that he was to reap any personal advan'ae o
such issue additional shares; but that he consulting
a. he believed the Interests Of the stockholders IN - doing
II docs not appear that these shares were issued Tor he
purpose of being Sold bu that they were Plcd5e! 20 the
pary with whom the effected Nh he eNpec!i-
lion that the identical stock would be kept subject 10 e
order Of Tie borrower payment Of the amount Dor
rowed-such however does not appear 10 have ben the
Gaze greater part not the whole Of the pledged stock
having found its way into The mar ke..
The rcpor; concludes q follows
"In view Of the foregoing facts which believed 70
be reported with perfect accuracy and nparaly your
Committee have not deemed it necessary or proper for
them pass judgment upon the comparative Git al TIE
parties implicated IN the transaction. Every with tue
facts before him Judge how far the ire-denl Of the
Compeny Justify such proceeding under ihe vote %
the directors above alluded ONheher .he Treasurer was
bound 10 obey the orders of The President IN such
ato-or whether the dIr, ctOrs escape the rcspons
bitv which ATTACHES 10 their position 10y pleading l-nor
aIoe of the matter when the books ,f ;he Company ~
which this orcr-dcan specially designated such.
were constantly open TO their inspection.
But the Committee cann0. close this report without
expressing heir unqualified dsapproDai0n and condcmnl
ton of gross and neXcusabe outrage upon the r'.
Of the Stockholders ana he good faith Of The community
for i such transaction counienanced Tor n"ulen',
or aiacd in the slightest degree however desirable the
object 10 be attained however successful The result all
ltdorce in the integrity OF those vino are appointed Ia
manage corporate property will he entirely destroyed
IL accordance with he views above expressed your
Committee recommend the adoi ton Of the following
luton:
That the ~ sler ID the vermont Cen
trsl Company be violation the nights Of nc
s;oc Alodtrs fuuu uou tho publ AID slc de-
serving will receive The siernest bnke strongest
demnGiion " this board and Of the community
Tie resolution adopted, only one member Of the
board voting III the negative.