The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-24
The increase Of capital consists In $50 5 addition to
the blackstone Bank $3.50 to the Eliot and 81 ZOO to
The National Bank.

the blackstone Bank, $3.50 to the Eliot and sl7oo to
the National Bank.
TIE b ston Tanscrip, OF the 22a inst Gays
The Matters connected with the Cochituata Bank again
came before Coiet Justice haw 81 the Supreme judicial
behalf Of the Receivers; William Whiting Esq, for tn,
s'oci holaers Harvey Jewell Esq for the CIR cers Bank
and A. II. tiske, Esq for the Mercbar ts Rank.
The Receivers moved that the Cont declare dividend
Of so per mt all Hab tics of the bank AMI this
noson the question whether pro should be
decreed all creditors, ndis crinina.l, whether
preference should DO given to The biho,iersxhich
question discussed some length BY the counsel
Il stated that the only parties that bad oxostted to
the Receivers report recently made tho Grocers
Psnk Of Boston, and Inc Bank Of the Republic in New
Y"k.
NJ whiting ms coun sci for the presented
petition that ne Court would order the baoders to
he first paid In FULL and prior to any and al other
clak sess OF creditors,
Mr Fsso presented petition that The assets should
be distributed equally among all classes 81 creditors
Mr.. Whiting aud Mr.. Bchon expressed their views TO
the the subject of these petitions and
quefeo by heJuege to argue these questions In writing
Mr. Whiting said That he question bad never been de-
eided by the in court whether bill holders entitled
to priority Of dividends that there had been decon
Chambers, that they entitled but that IL
vas question OF great importance to the stockholders
Of all fassachvsetrs bsnks and its decnon would pro
baby have nate ia influence upon the safety and value
Of that class Of Investments; and in this view the ques
Ton should be decided nee for all by FUN court.
Bob The petitions for the pre- ent overrned and
the questions involved to be presented to fun
bench AZ their first meeting, which viii be shortly in
The court is 10 meat again in this city the 18th OF
September when the mode and amount Of dividend will
probably he declared
We have received within tho past week two great
many communications relative the affairs Of the Read.
Ig Railroad Company; favorable and
favorable to the present goment make out the
Germ to be hortlessly bankrupt, while Others show
concusiyely tbat u Is very productive investment For
the purpoe OF giving both sdes of the question: and to
present The dark well the bright side those In
tcIosted We annex couple Of the commanc atoms
fer ed to, that The public Judge for themselves
pHii-.pEIPnn AND READING RAILROAD
There is not Newspaper in tpis city with sufficient
iudepepden, to admit article Comment adversely
TO the present administration OF the Reading Railroad
Company. As generally ving tina your readers
should be pt posted in tie movements of ths day. the
fooHing items may depend being It, and
| you may them, you deem proper The Heading
IL 10 the stIicest OF the term cose cor
pora'ion The concern IL managed nom.nally b. Pres
cent--s,r Tuckcrfour Manager Nessrs Fsher Bos or
Richards ana Oakford-two country directors and
English agent to looe after tho British interests In the
reaa. In reality, hessrs Tucl.er Fisher and Boke.
ciussely manages The conce richards and 0aAfofd
n'e mere cJphtrs. The country directors, who cannot
hear cor nenent, are motly engaged treating their
The direcicr cars Of which there six sbs road
and shich cost $4,000 Sir Eccuu M the Eaglisb
Agent, WHO i himself ford q good diuner and cham
payne, l. never known to DO uasrniabe Mt he board
Recently large number Of the stockholders, pushed
| b. tbc most coIi,us and oTyirg Among their number
vi at The actual late o. stairs. i,ho, alarmiag the
ootsidsrs a they fren The directors
they must ieep quiet = tsat al. Il glghs" that no
monty hns hex iot to the company W lasicn fuceer
aid that "oy al means Mr. Tucker mut be Eetainoi e.
President o. down goo. the road Mg. Tucksrs friends
init and pate his liabilities at one ADD half million
his country villa, Germantown, wiicn cost him
Eono $50 goo has been hypothecatoi 70 friend for
| s6g.Gi0 Tie other railroad comparies OF which Mr.
Tucier Is PRESIDENT say they lose nohius BY that gen.
iemas. The ques;'on sbea Is, Who Tho iossrss'
lhcse matters Kept unusually obscured and sealed up
| iTom n pubic
1he oabg debt the FIRST Of this month Il reported
at s2919,tv0 ana sundry npros ile includ-
Ing tie eepot Broad street wl require $500 900
vested py re company TO twenty miilions which
viii admit oup hit fur nsh rlee road dou bio
trask Of % siiles length. The Stockholders alarmed
o. The onccisiion OF their stock and fearing IL
stn lower are anxious to have things cleared up AMI
favorable report got cut pos-ibef rot, 70 know tho
had unooubtca conference in Mr.. Tucker. Mr.. Fisher
has ihn week been openly Engaged buying ur on his
account the short maturing paper of the company al
discount Of per cent
You may set down the assertion Of loan being oier
ed to the company Of 5000 e0 by capitalist here at tho
a m, III Of the inns ginateD but 20 sing In
vtntion, although TO tho contrary asserted Not many
days viii elapse the stockholders viii Ind few
Thousands have been lost them by tho failure Of tho
PRESIDENT But notwithstanding all these drawbacks,
what appears 10 b. wanted IL lt,lc plcck among
torcuItaihs al rnnecssary expenses on road In
WORD good, honest, Efficient manax ment for TIE
/ future. NJ
| fHnaDEfmA August %, 1854
AZ this great and important work seems 70 30 rnsun
fersiood In this comprniiy, beg leave draw the
ienticn OF your read ia ~ tie following Statement of ~
present husincss-DuIi.1 the wee. last laase1 Il
tLn 49, -