The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-10

Total this year $l7,0i415 "a
Albert H. Ncolay's auction sale of stocks and bonds
win take place Monday at half past twelve o'clock at
the Merchants Exchange
We learn that several roads-among which are the
Southern Michigan and Northern Indana--have agreed
to invite public investigation into their and
especially into their trantfer Of certificates and mode
Of conducting the same
We find the charters Of Western roads have in most
been drawn up with than those Of many
roads at the East For instance the charter of the
Southern Michigan and Northern Indiana Railroads have
the following provision regulating the mode Of making
transfers
Section 10 Of an act to amend an act granting the
charter Of the Southern Michigan Railroad &C. passed
by the Legislature the 2sth Of March, 1850 provides
ho srs which shall BE- evidence Of the stock held They
shall be signed BY the President and coun,ersgned by
the Cers Tor Treasurtr The stocks shall be transera
Bile the books OF the corporation only personally or
by an AGENT attorney, by the administrator executor
he holden Nv the corporation or for any sum that NAV
hereafter become duo any contract made with tho
said corporation prior to such transfer
Mr. schu,e simply acted transfer agent and issued
certificates bearing his signature alone. Here and
in all other Western roads, vel most Eastern ROADS
with which acquainted, less than two sigma
lures quireo, in some cases such the Ga
lena and CHI cago Rairocd three signatures Affixed
10 all certificates Of stock viz tto of the Prest
cent and Secretary which after sards
endorsed by Messrs. wads worth & Sheldon in this
city. Had The Nc. Haven Railroad charter contained
clause similar 10 that Of the Southern Michigan and
Northern Indiana above quo ed Schu ar coui not h,ve
swindicd TO the extent he did because when tbns to
when lie had ypothcested the certificates came
them Transferred in his another the railroad
ould have claeed The stock, the ground that its
owner, the in whose it stood owed the road
he fu of It's val nd fsus rib nj
rnrt Of lis st,c
The Cleveland and Toledo Railroad Company will not
hereafter issue certificates for shares obligations Of
the company unlss regularly couniersigned by audi
tor appointed For that purpose for the present Mr. John
VI. Msclie viii attend to this duty
81 rthraei,e coal tonnage, the last week. was
xhat Interrupted by the festivities usually attendant
the celebration of the Fourth howeser foots up by
the three principal lines, 107,c27 tons The Reading
Raroaa brought down a. 003 fer the week ending
Thursday making tonnage for the year Of 900 coo
tons-o,er quarter Of q million tons than to tue
time last year. The sshuylki Navigation, for tho
week ending Thursday, shows tonnage of 20, e3s
tons, and for the SEQ 1886 TONS forty six
thousand tons thsn 10 the same time last year.
The shipments BY the Lehigh Navigation Company for
the week ending Saturday last AZ 6S5 tons,
and for the 1885, TONS The seasons coal ton
mage by the three lines named up to their last reports
IL l,774177 ions TIE trade very much pushed and
every inducemeLt held to attract labor to the busi
ness.
The amount received for tolls all the New York State
Canals during the 4th week in June .slOe7a5 80
Same period in 1858. Observation-Disclosures. 1o4 1926 95
Increase in 1854 1888 40
The aggregate amount received for tolls from the
mencement of navigation TO the 3oth June,
inclusive $4,000 40
Same period la 1853 .................e esq., S.
IL days last year than 81 days this $40 50
TEerc collected In April last year. previous to the
time the canals opened this year. $is5 ST. This
amount OF advantage in favor Of 1853 has ben reduced
by the increase Of business this year. in May aud June
follows
1883 1884. TsYe1a.
May.........s i0S, SIS IS s5o3,l lag II SalaV3 %
June. ......... SO, Iat % sIt2ss SIS 2iiT1 ~