New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-09-27

genuine stock which be had previously in bis name
and he'd rapseed to VARIOUS parties the certificates
held nv those parties, unquesti onably genuine when
famed belonged to the Company instead Of the par
tic. holding them and should have been surrendered
consequently they invalid. Under this rule every
share Of genuine stock transferred by Schuyler
BY power Of Attorney and which had not been
put in the name Of the party holding the
power is pronounced invalid, while an equal
amount Of the false stock which vas transfer
red and the certificate taken out becomes genuine
stock. In three instances the circumstances Of which
have come to our knowledge, certificates for stock
in the name of Schuyler with his power to transfer
attached, which in the hands of the parties own
ing them two and three years before any fraudulen.
stock was emitted have been pronounced invalid. 1t
is not possible that any such ground as this will be sus
tanned by law. 1t is too absurd. Genuine Stock
Certificates become under such decision security
whatever. They only represen: property so long as
the officers of the Company commit no frauds In
Well-st. there is but opinion upon this New
Haven question and the meeting Of next week Will,
no doubt. witness warm debate between the New
York and Connecticut interests. II must be admitted
the matter is involved in serious difficulties, but we
do not hesitate 10 express conviction that repuda-
tion Of these claims will be much more disastrous to
the New. Haven Company than would be the assump-
ton Of Them There are parties holding the fraudu
lent stock who have both tie ability and the will to
become very dangerous enemies when they consider
themselves wroDged
The annexed card appears in The Ner-Harea
Journal:
Editor, Ee1o HGtea Journal
Az our appear unconditonaly attached 10 notice
calling meeting OF the stockholders Of the New York and
ew.syen Railroad Company a. the Metropolitan Hotel,
the 2st inst desire to state ts in Signing
that call which contained much that did not approve
made ,rife exception 20 that portion rejecting upon the
present ocermerey spproyins ne cay for
official call the Directions for the Sd Of October had not then
met our noce)-wheh exception The party soliciting our sig
Dstur, pledged should be stated IN making the call public
We therefore in u.tee TO ourselves and other parties con
cerned desire to make this correction o,, ,,,,,rov
sim,ba,y, Sept 20, 1874 RUSH FULLER
The annexed communication is from well in
formed person and places The New-Haven matter in
new shape:
New-York and New Haven Railroad Stock has
been purchased in the City Of New-York, and by
consent of the Company here has been transferred TO
the books of the Boston or NeT,Hayen osaces; uo,
The form of transfer TO the Boston or New-haVen
hooks is in the manner we shall describe:
In Rostop sends an order to II in New I Ork, IA
broker 10 purchase for bis account fifty shares OF
New. Haven Railroad Stock, and have 1t transferred
IN the Boston books that il can be used in the latter
city.
s;-ns II IA follows hereby assign 10 the Office of
the New. Haven Railroad Co. at Boston, Fifty Shares
of the Capital Stock CT the New OK ana NeW-na-
ven Railroad Co. SignedD "B:
Mr.. b. receives a certificate that the Boston Office
is proprietor of fifty shares He then SENDS it to Bos
oJd.r M The purchase and certificate is then A.
by the signatures Of the officers othe Boston Once
stating he l. proprietor Of my shares OF the Ne"
In case. Ike his has been pronounced fraudulent
The Office here has given certificate TO the Boston ohee
and both Offices issued certificates not the Boston OF
ce reponse tho stock having been transferred 10 t-snd
this hfy good against the Company as much 80 as
against any individual through whose name STOCK may nave
The stock in this case has been bona d transfer to the
New Haven Company Boston, by the broker in
n.,Se5 Sr responsible l. not the and New Haven
COMPANY through whose name the stock has also been passed
there Is any principle in she matter the Company must
come its ihars of the responheiiy ana loss.
ut there point not yet touched on by our papers, ana
that principle upon which some stock pronounced good
If s assumed by the Company that man hes airy good
shares transferred him and fifty bad shares ana then ho
resnseIs TO fifty fifty that alone has genuine
tex although may have a certificate and A not
This division can stand. VIII the Courts permit It
We hink not where parties receiving both good aad
bad stock continually, it is most unjust a.,uTpton for the
Company decide Us TO the character Of ne sock
IL mans property the hazard Of tie caprice or par
t;gty OF beard Of dreco However skliu she accountant
in he aqd 70 qssse of mi III A In WA.
Necessary to something this was he easiest way OF 'dng
over the labyrinth OF difficulties that beset ms pain
n esnaot be maintained The good and bad are go much
mixed up that they cannot be separated and nope psres
Rfga
another thar the very competent Board oil Directors OF
lie New. York and New Haven Railroad;
have been issued cancelled and other certificates
osD nv the Company the stock one hnnared
s50y % their books hundred times and been
subdydd hundred times more to the names OF yen OF
,bs, o,T Is good and bad The thing simply absurd,
and a. the Directors viii have many questions 70 ahs"er
would ike them 10 how they do this very
matter Of separation IN eGses hke thh "S'Oi-'1.
The Exchanges at the Clearing House were si6,-
964, 449.
The Suffolk Bank throws out the notes of the Mon
sum River Bank, Sanford, Me.
The Maryland Coal trade last week was 1855 tuns
Since JAM !, 1854, TIE amount shipped is 4ii31oOo
Of which 235 1879 OF tuns were transported over the
Baltimore and Ohio Railroad, and le9, 22O.l9 de-
scepded the Chesapeake and Ohio Canal.
The Lake Superior Journal gives the copper
shipments:
sent 10 by steamer Illinois From the Cliff Mine,
e5 bbls stamps weighing 2s tuns 1887 lbs, and 90
bbls ore weighing 81 tups $3.50 lbs. Northwestern
Mine 20 bbs weighing tuns log lbs. Natonai
Mine bhls wei1 hing tuns 1923 lbs.
Sept Is. by propeller Globe: From Minnesota
Mine "a masses weighing 81 tuns ,s3l lbs. North
American Mine, As bbs. weighing II tuns 72s lbs,
and - masses weighing 20 tuns 80 lbs. fInt
Steel Mine, l mass weighing t5f lbs. Chi minei -
masses weighing 50 tuns ,sll lbs. North estern
Mine SO masses weighing "a tuns e52 lbs Natlonai
Mine 10 masses weighing tuns 10 lbs, MAKING
l5s tuns ], 79l lbs shipped by the Globe
Markets. C CAREFULLY REPORTED FoRTHE TRIBUNE
TUESDAY Sept. Is. 1884,
AsHEs-The market firm for Pots at 81 and PEARS at