New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-02

upon Il But row VIC understand clearly the reason
81 th<. .rr.r
the fsaucaleu, issue. had eo.nms,ca5 IN Ocs.hs-
there must have been a mixture az fur ar ev,
months frsudalen, issue.
hr. Wem0re repeated that tae lis, oould no, much
exceed the proper issue He asked forty Az sftv ,.r
sons ROW much stock they had. Their reolies srresd
with the list.
The Chair said all the false entr.e, In tia bol. "A
been MADE since Aprills.
A gentleman asked where the net seen In New
Haven now was
The Chair replied that he did not know and gen
ileman said il had been seen nor heard Of since
Thomss Denny said, if he understood Judge Rooss-
Welt be opposed the resolution. There might be In.
separsble legal difficulties but the OBJECT Of the
luton vas that committee sheaid be sPPoiatsd to
see if prompt solution could not be arrived a. IL
could not be expected that either party would sosn-
don its claims except by compromise. IL was con
sidered matter of commentator that the Norwsh
catastrophe affair had been settled promptly By COM
promise. The litigation in the present case might Dc
enormously protrscted. He thought the resolution
ought to be carried, and the trial msde.
Mr. Coyt asked whether the signers OF the call ADD
the members Of the meeting. were all holders OF old
stock only.
The Char thought some held new IS we'll.
Jeese Hoyt said the object cf this meeting VA
merely recommendstory. he thought no legal right
would be abandoned by any proceeding OF this meet
ing, whether against fund OF 100000 or against the
Directors; The question for this meeting was merely
one OF dollars and ceRts-perely q question Of In
terest, not Of legal right.
Mr.. Denny moved that say resolutions adopted
should be signed by the persons voting for IT, With
them, but withdrew bis resolution for a while.
Mr.. Coyt said that If gentlemen present held ten
shares OF 10 Of old, then the charter Of tho
meeting would be understood.
Mr.. Denny thoughth bis suggestion were followed.
and the resolutions appeared to come from large
holders Of genuine stock they would have much
weight with the New Haven meeting.
The Chair took the Ayes and Noes on the hrst re-
solution and declared the Ayes he'd 70.
The decision was questioned, and division called
for The result was is Ayes to Noes. The rssolu-
ton was declared carried.
The second resolution was carried.
The third resolution Withdrawn by vote.
The fourth resolution put
Mr.. Coyt thought the resolution superfuous il
might, by implication, introduce questions which
might well be avoided. 1t looked like giving d.
rection TO the action Of the committee Besides, the
resolution, II carried, would probably have to coma
from persons who held more new than old; rcso!x.
ton from them in favor Of new stock would be rsthsr
indscreet.
Mr.. Denny said his suggestion about each persoa
signing the number of undisputed shares he held.
would probably meet the objection, as showing the
resolution to come from large force VI old stock.
Judge Roosevelt said If settlement could be madA
for the best interests Of all concerned without judi
cal decision, that would be the best plan; but Il .
Judicial proceeding were necessary 1t should be had
as promptly and cheaply as possible.
fhe fourth resolution was then carried
The fifth resolution was put and Mr.. Holt urged
his former objection, viz: that many present were
larger holders Of new than Of old stock.
Mr.. Hoyt said the Committee ought to get the view
Mr.. Gourlie said that large number Of holders Of
undsputed stock had told him they were in favor Of
the resolution.
Mr.. Denny asked il one person present would deny
that the holders of the stock had equitable rghts
such an admission all that the resolution oon-
tanned.
81. fke.a nulI Ra
considered as having got their shares In good faith.
should not have the benefit Of the resolution, and pro-
posed insertion to that effect, which was carried.
The resolution was carried by is to H.
The sixth resolution was Withdrawn. a The pream-
Mr.. Govt asked if the resolutions did not contain
ali that az in the preamble, and II the latter might
not as well be omitted. The preamble was carried;
Mr. Denny brought forward his resolution, that tno
| preamble and resolutions should be signed by escn
person who supported them, with the number OF OLD
shares be held represented IL this were not DONE
he said, the resolutions would go without wegn. az
| appear 10 have come from persons more interest
ed in the new than the old stock. lie Thought tnose
absent who approved the resolutions should also sign
in the same way He copsldered gooa sS"n,d
that the spurious shHes heid Dy eacn ssuor shouso
also be stated.
Mr.. Buckley moved that as an amendment. The
amendment WAS put and lost. Mr. Buckley called for
divisions the result was Is Ayes, and 10 Maya The
Chair declared the amendment lost.
The motion was put.
Mr. Govt said II the resolutions were simply to ap
point Committee be would gladly sign for himself
and the large number Of shares he represented, but
| he would not sign the preamble and resolutions %
| passed.
| The motion was carried.
| Judge Roosevelt recommended unsnimity. II Mr..
Govt and others could be get to sign, by emitting
the preamble and of the resolutions, much weight
would be added to the balance.
There was some discussion "a 10 the expedienoy Of
| reconsideration but no motion was made.
| NJ oved IN
signatures to the resolutions, and to present them
to the New.Hayen meeting; Carried;
| 1t was carried that the Chair should appoint the
| Committee The following Committee was appoint
ed Mr. Vermilye, John H. Gourlie, Thomas Denny,
! Capt. Geo. COggeswell and VIM. ). Wetmore.
A gentleman asked il the Committee held spurious
stock.
some; he did not know how many others might. He
withdrew Mr. Denny. II was moved and seconded
that the Chairman be substituted for Mr.. Denny
| Carried.
| The meeting then adjourned.
The report Of the Cliff Copper Mine gives the pro-
| duet Of nine months ending Aug. 81, as follows
Ma. Copper. 1850 bs fstampnss 5so,sn ns
Total. 300 ~ ne
The average product of the last three months has
somewhat exceeded hundred tuns per month, and 1t
ia probable that the three remaining months OF tho
wear will bring up the total product to eleven hundred
and fty or twelve hundred tuns. dividend Of eight
dollars DER share was declared the 18th Sept. The
last annual report Of this Company Is highly favor
able as to the prospects and condition Of the mine
The vein never looked so promising or yielded 90
richly as at present. In one part Of the vein they
have exposed the largest Of copper ever found
on Lake superior-estimated to be over 200 tuns. II
1, minated in the report that it may be necessary to
reduce the dividends for time in order TO accums-
late working capital, for the want Of which the