The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-16

hiss been published that they will not be recognized in
the hands OF the holders
August 2, 1854
Tie following resolutions, submitted by the above
committee, were then read by Mr.. Wheeler, at tue
close Of the report:
Resolved, THAT the New York and Harlem Railroad
Company is Of the mort portaut to and
from the commercial metropolis OF the nted states and
that as such " should be managed in the safest and
wisest manner for the good OF the citizens and the int
rests OF the stockholders.
Resolved, 2-That, while we condemn the conduct OF
Of the late officers of the New York anc Harlem
la lroad Company hereby advise the directors thereof
TO retire In some the stock of the company
which has been fraudulenly issued aud charge the
cost thereof to the expense account of the road
Resolved, 3-That in the opinion of<he stockholders
OF the New York and Harlem Railroad Company, its
peIses far beyond its requirements aud that tho
rough reform is demanded in ITS management
Resolved 4-That n committee Of five be appointed
TO nominate stockholders directors of the New York
and Harlem Railroad Company to be chosen at the next
annual election and that special notice Of cleo
be each stakeholder enclosing the names Of
the candidates.
Resolved, 5-That the directors make out aud have
printed full and complete report OF the condition nd
affairs Of the company to be distributed to the stock
holders on or before the LIST Of February next
ITO these added sixth resolution rejecting u on
the board Of directors for their Of energy
ard vigilance and recommending the election Of a uew
board In their stead which resolution lost win
seen in the report of the debate following
The CHAIRMAN then state that he did not think
there were present enough Of stockholders to make
a vote binding upon the company.
Mr.. T.. 8. CLEAyELANp then said he dill not con.
sderte vote Of two thirds of the stockholders bind
ing upon him. He was not willing, for one, to vote
according to the amount Of stock issued. The
stockholders had no right TO meet here to accept
the fraudulent issues of Alexander KYLE no more
than they had the right to &c Give stolen goods To
accept this fraudulent stock holds on, a premium
fer repetition Of su, b frauds. The company ha,
10 IL. .1n,< r
and saddle heavy debt upon the honest yeomanry
OF the country. If the company could distinguish
asolitary certificate Ct fraudulent stock, they we're
bound to reject IL; and II cepted he, for one, and
Others, would rebel against it.
Tie question was then upon the adoption Of the
rel OFT and the resolutions.
II was then carried that the roll should be called,
each one answering TO his name to If majority
Of the stock was represented
The roll OF stockholders was then called. Il took
about an hour TO get through with the preferred
stock and some Of the company present thinking this
too slow work, il moved and carried that all the
remaining stockholders in the room whose names
Tad not been called, should go into an anteroom
ard as they passed back IL to the meeting each one
should give bis name and amount Of stock to the
secretary Of the meeting.
In accordance with TIE above notion a greater
portion Of the meeting went upon the other eide Of
the folding doors in the large hall Of old Tammsny
la few minutes, II was announced that 90 900
shares we're represented. which constituted large
majority and the meeting again came to order.
Mr. ASA HrBBARp moved a committee OF ten be
appointed TO examine proxies. lie said that for
years past people had voted on proxies that had
been countermaneed for years. lie wanted 10 stop
this maud: they had enough fraud already. II was
by these spurious proxies that men had be come 80
popular IN times passed.
The CHAlR decided that the motion before the
house was the acceptance Of the Tepor. Of the com
miftte.
Il vas tfen moved that the report be accepted
and adopted.
Mr. Asa IiCrsARD said he protested against the
sdol ton Of tits report. Here wire loud cries Of
question. Quesiitn.'
/, AZ ths Mr.. HabTart occsIne much excited. AMI