The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-07

ultf1- Don FotS NilHoub Close NAa'hi1aSioS
Of The ballot.
New York AND New HAVEN R,ILRoAD.-
Since tho meeting OF the stockholders in tsis
city on the let instant, quite a backing aid
filing has betD observable among the directors
OF the road, Ii csnseq ience Of some home
tarnsts which they received from Judge Roose-
welt They appear determined, however, not TO
resign at the simple request of the stockhold-
eIs, but will probably wait the laws injunc-
ton, unless they can sooner secure sufficient
harvest to indemnify them against the seizure
Of their private property, which is now consid-
cred by shrewd men TO be in imminint danger.
The opinion is abroad that the Board Of Direc-
tors must submit to prosecution for the re-
covery Of that which was jsopardized through
their Presidents frauds, and their own omis-
sion Of DUTY or gross neglect whether the
bogus stock be recognized by the company
or not The stockholders may possibly do
something towards settling the difficulty
tomorrow, at New Haven. But we have
little faith that nything will or can
be done by any snch movements. All will
be confusion and tumult, aud PROBABLY
a file of police will again be introduced by the
president pro. tenn, by way offepeating a com
pliment 10 the honest holders of his fancy
transfer agents certificates Of stock. 1t is in
deed surprising to witness such apathy, and we
had almost said stupidity, among the owners of
this road, which has been apparent to the
most superficial observer for long time, and
especially since the Norwalk murders and the
Schuyler swindle. We warned the public at
the time of the disaster that there was some
thing rotten in that board of directors. We
raised blaze sufficiently brilliant for the dim
est visien to see clearly the primary and i'm
mediate cause OF the accident. The stock
barometer soon told the unerring truth which
we had foreshadowed. The securities steadily
fell of from ia 20 IS per cent, followed by an
explosion such as this country never heard Of
before. We told the public the truth in ad-
vance then, and we believe we do so now when
we say that the only way to begin to do any
thing for the permanent interests of the New
York and New Haven Railroad Company is to
turn out the present pensioners upon it and
choose a president and board of direc tors
who will all labor for the general interest
of the stockholders. This was our opinion
from the commencement of the dificulties aud
although meetings have been held, committees
appointed, and legal opinions been rendered by
the score, yet we see no cause to change our
former opinions. In view of these divisions
manifestly the only safe policy for the road, we
some time since recommended that the Presi-
dent should be . Connecticut man, and all
the directors selected from among the most
prominent and practical men of that State.
The pIomptDess which large number of
the press of New England responded to ami
endorsed our programme as q preparatory
measure for the future management Of affairs,
convinces US that il the stockholders consult
their true interests at New Haven on Wednes-
day, they win take some steps to secure the
services Of such men, and place them at the
head Of the company at an early day. Such
movement would soon produce q report of the
whole affairs of the road which the public
would have confidence ina consumation rem
dered next to impossible at this time under
the present board of managers. We look to
the committees for full report tomorrow
We understand that they have been busy since
the last meeting, and therefore have hopes that
we shall not be disappointed.