New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-08-16

The fest and w. amer fer sOod Of the citizens AMI the
Eessi That While eO9dsEs hs conduit q 'osne q =.
late oees. Of the New York AID Harlem Rsia.d Co. ss
Company whieh been .a5aeHiy sssd and charge ne
Rssrs3 Tfst Ornion Of the Eoekhohdss Of the Wv
1i ara H.It hi h ssSus dS reform sssa i.
s sssBi '-D ''''
,othoIee a. Directors the Nov Yors and Harlem Raro.t CO..
.Seh 81 zion se sisethde inaOas the Of the
fs.l.es That the DIRECTOR printed fall
and eGupee Of the e0nsicn and strs o. tn coSss1y 70
be distributed the soekhOders before the fIH Of February
= Re.or.d Th., tn. following ssail.sa q. csnS..
Tsbt 't' Eds,s O F.iie Abjsh MOTrsn Fo,d smith
Asa Hubbard who said the shareholders who would vote
for this would for buying the fraudulent stock oil
Kyle. n
said il appears that number Of the overssue OF stock
was 20 mixed up with old stock that Is difficult TO race
it, and they would do no good by opposing X. hy,e
shares Of him. half good and half perhaps fraudulent and
not knowing from the other he would sell il out 10
10 me and another and il would net be fair TO sach
purchasers round and refuse to acknowledge these
shares 500 preferred shares he believed can be traced 70
first holders these he would strike out but we ma
has come honestly snd fairly by any Of these sheres
issued by agent let pay him what they cost him.
IMr Hubbard had bought any of these shares we should
feel bound pay him what they cost him and them
cut Of the market.
Mr. Psrdee also opposed the resolution; il was not
pointed enough he wanted the Directors 10 assume or re-
positive the shares When Kyle took his cerhcates 70
Walst. and got money them the man advancing the
money dealt with the broker not with the Director,
therefore he ought lose it. He moved as an amend
ment " That no stock shall be assumed that known
10 be spurious" This lost.
Mr. Gourle said he represented II 900 shares. The
stockholders met here fortnight back and appointed
Committee Of Investigation, who on inquiry ind that
Of the present Directors were guilty Of fraudulent
transactions, but Of negligence. he was for reurlng
these fraudulent shares Of Kyles He believed the world
watching the movement of this Company at the pres.
ont moment arc they answerabe for their agents
acts. He had worked hard for the money that he paid
for bis shares but he had appointed fraudulent
agent he expected be answsrable for his deeds. APP
pause. $3.50
fellow merchant would he pay the loss
Mr. Gourlie said be did not consider himself liable for
his clerks robheries outside the office but he for an
age 1t acting under his orders.
Mr. Wheeler said the present directors all honor
able They may have neglected their duties, but
thew had acted honoraby and he for leaving with
them to do with the false stock they best judge and
rest satisfied they W retire with honor company
Mr. Kyle may retire the shares yet He is said TO have
a large amount of property still left.
Second resolution was then carried.
On the consideration of the third resolution,
Mr.. Sanford said he had been director and stock
holder Of the Company for years, and then
all were satisfied that Robert Kyle the best for
Company the directors and shareholders all thought
SOL we all in fault; put too much confidence in
Kyle and all 10 blame since the defacaon the direc
tors have acted like they have put their hands into
their pockets for $500 COO 10 the honor of the Com
pany therefore do hope this will not pass reflection
on the present board who hold oneenth Of the shares
The Chairman said they had every confidence in Kyle;
he came into this Company boy, and grew up to man
hood holding confidential posts He had every conf
dence that the Company would work through their diff
cutes and pay larger dividends than He bought
his shares at So and considered them worth rs. The
freight alone without passengers will pay. The Directors
The remaining resolutions ali Sassed and the meeting
adjourned after passing of thanks the Chairman
and the Committees.