The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-20

az New YoRK AND New HAVEN RAILROAD
CoxPANY-Tbe board Of director of this com
paDy have given official notice that meeting
of the stockholders will be held at the Apollo
rooms, on the Sd of October, for the purpose of
transacting such business as may be proper,
&C. Here is the official call =
special meeting Of stockholders of the New York aud
Nov Baven Railroad Company win be held At the Apollo
Tuesday the Sd day Of october 1854, It ii cleck
stock by Robert Schuyler. late President and rapsfsr
Agent Of the Company and to take order thereon and
transact any other business. proper for said meeting
WIN. w. BOARDMAN. President pro tenn.
This is of such an indefinite char Acter that
stockholders attending cannot have made up
their minds what course to pursue, and the
whole affair might result in nothing It is ne
cessary that some course of action should be
decided upon by those interested previous to
the Sd of October. 1t is necessary that they
should find out in the meantime what
may be proper business for them to trans
act. Very important matters may come
up for consideration, and the future pros
perity Of the company depends upon the
measures then and there adopted. The New
Haven Journal and Courier of the 18th inst,
publishes CALL signed by number Of stock
holders OF the New Haven Railroad company,
for q meeting to be held at the Metropolitan
Hotel on Thursday the 2lst inst. Here is the
stockholders CALL
From the New Haven Courier, Sept. 10
TO THE STOCKHOLDERS OF THE NEW YORK AND NEW
HAVEN RAILROAD COMPANY.
We the undersigned representing large interest in
the stock Of this company, have notcei with great
osa Of regret that the present management for reasons
best known to themselves, have put of, from time to
time the report have long and anxiously looked
for there appears TO 30 no disposition to make
company AFFAIRS afford those interested any salts
faction regarding the issue Of stock BY the late
President IL il deemed necessary that something should
be done to the painful suspense under which
all labor take such measures may be required to
place the affairs Of the company n more satisfactory
condition
1t 10 now more than two months since the frauds Of
Mr. Schuyler frat discovered and we are just -
ignorant Of the extent and effect Of his dsfslcations a.
far as the interests Of the stockholders concerned as
we were the day after the den0uemeNt
Nothing has In that time been officially made known,
there appears to be disposition the part OF
those whose duty it is to give all the necessary nforma
ton, to make any report.
for the purpose presenting report relative to the
oversue Of stock and fer the consideration Of other
matters but In consequence il stated of the ab
Of . member of the Board, meeting held,
and no report made
We all feel the truth of the old adage "that hope de
ferred maketh the heat sick " and 1t Is opinion that
determined effort should be made to take
own interests.
Under the management of the present Board of D
rectors property is rapidly deprecatiDg in actual
value They have long sin deprecated it's market va
lue most materially and that which was worth par
few months since would not now bring fifty cents
the collar.
Unless something is done speedily and eaectualy, we
shall find nothing Of our once prosperous productive
road but few old broken down boom otives and few
dirty, dipgy, shaky CARS
Tie whole line is rapidly decaying and the earnings
fnsead Il being Of the best paying roads in the
country, it ia the poorest For the truth OF
statement have only to refer to the returns for Au
gust 1t not too late to RENE all these dculties
We have the power and If do not il
suffer. We want full repref Of the stockhold
for the purpose Of consulting the interests of all
present in person, or by proxy, and bold, determined
expression of opinion
We want things called by their right Names and We
perty Of the socihoders has been usei long enough
for private purposes, and person aggrandizement We
want to feel that in getting rid of Schuyler have got
rid Of the mill stone that was dragging the road to utter
bankruptcy and ruin.
We want, in fact, to place the New York and New
Haven Railroad Company where il ever should have
in the front rank Of dividend paying corporations
1t lie therefore suggested BY the undersigned, that
there be meeting Of the stockholders of the New
Haven Railroad Company at the Metropolitan Hotel in
the city Of New York, on Thursday evening, Sept 81.
1854 at O'Clock for the sideration of such
tie interests of all may require and for the adoption
Of such measures as viii place the management in the
hands Of those whose standardization win be for the
greatest good of the greatest number. 1t has been
Gle sc corpora ton long enough.
Stock SPECTATORS and Wall street 6nanciers have had
too much the direction Of all railroad
panes, and the New York and New Haven has suffered
more than its proportion