The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-11

Ne person owning the rcrip may take the Issue
IN the Old " hich has been already cnnued by the
ssss ssspsrorsr u The once Of the COMPANY. reoevs
- syr Of the President and Secretary 70 the
ssap aud surrender the old Theo ne issue san be
e.srssrI.d from 10 until all the hlanss are 8lcd
sfsss sbleh scrip can be issued - befose-thns
uAhtE one perfect check nron the other, and
Qpp ecou for twenty thirty different transfers. The
sh csmpfrclr should rceeivs fall psnsaton fsr
svsEy spscy and he required 70 give heavy bonds for
- fsiahtul performance OF his Official duties " rn be
usasy by this arrangement that fraud be
ssDmi,ied without forgery or combination
.l.s nav propose meeting, without Sslay. 10 carry
sshs servant, X BERDAN.
- The adoption Of this system all possibility Of an
sr Issue, fraudulent sue OF any kind, disappears.
~ have carefully examined the plan proposed BY Mr..
Brass, and cannot aud the arst objection to u. vas
sssa BY parties Of great experience in this bl-
s tia, many buyers and sellers Of stock, particularly
q fancy character, opposed 70 having their
p& 10 the ceraestes and therefore made tranAfer
UssserSisg 70 hold them in the Of other parties
vAh blank transfer, and that this ncuiy yoald pre-
vvnt the proper operation Of the method bat do
- lesk st II IN this Bghi. It win be that Mr. Bcr-
90 has eft blank transfer for the purpose s showing
nst similar iaciies ezist under his plan for oAry.
~ sssk IN anotbsrs psme, that the present system
fsgnishss II a buying certificate Of hundred
oszes 81 New Haven Railroad stuck, Of NJ and wish.
- "a he'll IL or sell ~sihoat his sppe airing
- ~ has 10 do Ia 10 leave blank unali>i and the
ynsty nss whose hands IL fals TIA same unt Il
ressess the hands Of who wsnes 10 hold for In
vussnsnt ami he puts In his nams, for security
~An> Ais possession, and signs the blank when
hsssas. This matter requires Immediate attention
vzDs the subject Is frs 10 sbe mlnds Of the public
- hs ssaerers Feed te~riy the Losses inflicted upon
a- scns plan should b. perfected 70 provide for the
s~1~ss protect thsse VIII protect ahcsslves
Ne BsraAn suggestions strike With great deal Of
fs coast shav othc
vs. p<s-essed and moment shcu be lost 10 putting
., SOME other into active operation We seton
.. NJ part Of the numerous eompsales esDtsriug IN
Ah atty. There has al~xys been too much tain
sarsA shss busness, ana the managers really have
castro TO proste the best eh-css Ter the prevention OF
AsAs .t see In their scts. II mar BE- cell enough
- aavi gation "a frauds have Ake>y
Ssss smmsted bat in opinion The most i'm porans
guard agrnst the futnre. The past IL !a Of def.l
sss-s and dsnquspess, enough 70 damn the cred. Of
r nDpnry, and the only Wy We can relieve u Of the
60 arising from sDcb esnsss Ia ~ prevent posi-
~ arepst,ioa az snen sl.sssas ats. We shan ans
cot the truth relative 20 the recsot swndies full
@n<ufh. The limitations going viii ddu otlsss
ssnsiiy dcvenps something nnr, sa, tbers be no
Rssp the s~msse done We mast turn Our atten
Con 80 that ose sssht entirely Of ths "a
fare There should he meeting at IL the repre-
ntsfiyfs Of the eompanas Tor thc purpose u
ssvsips and means 70 guard us from such sviod
iars az schuyler and Kyle.
Ths directors Of tho New York Central RAILROAD est
mated its receipts for tho year ending August 1854
s., 500 ooo
lsp~nsts 81 PER c~nt, the rate
ported Tor the nine months end.
ing ksy }. lss......,.......... s2,T7o,oeo
n tssss, en sl1 600 900 bonds asa
pr cent. ................... 10000
rnhsFsst pew Of o., 600 ooo
It ! per cent. 100000
ksF~s<sasfon total eost Of Rad,
fbpnos and stoch) cas-, ooo, COAT
Sper cent .................. 1,i4o.ooo
- a,rss.ooo |
I<ssiDs pvoat ....,..,., ..,.sr.,.....,. e72aooe