New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-19

u the Company from May 49, 1896 and the Transfer Ages. q
vspsssay reelected sed continued IN Oee until hi re-s
nation On the % Of JAY, 1854 :,
New YOit and Sew.Ha7,n Railroad copp,uy 40
EswYo;. ose. Share Shares 800 e.ch.
Re tSo~S that A. entitled % - taqssn aSs9
Rsihosd Compsny transferable the booss o. '1e 70 f.
:, @ 70 The Gy Of d.sSe III - New
YeIh, Jan, ASA : TrsnsI ss ,ss. Robert schsy,ri'
saed cssesie. q Stool The nunSsr bin. without
.hsh were fs.s and tstaes.s. On the
paris thsreia made sales Of me and f5r their
and pscsd tse 5 11r july 1854 transfers we're made .od
allowed Il New York on the SURRENDER VI
s,,s were then de,e;ted .1d The 'go0as Soc up
posed sses whether any liability re's On ne OomP.ny
= lsf.if Of those who baVo deso o" inc ''" "
oersScs:es
or,.,ox-Tbe whole decision must depend on the
s.,,op that was the osenbe scope Of the once o. the
f.ssfer emit Corporations end natural persons sand sse
eer The rule that where BY their ACTS ta.y invest sn ,'e
100 within tie open range and extent OF such ofs are
~ ss,s Of the Company. The existence OF the power
frue must be shown, not bJ Iun'St .PP S,; =, "a
standings bat by undsnisbe acs o. we ISiPofson Aha
10 he euiy Of The oser and toe Instructions Of his
onpeips reateo not ss waot OF soh9y on! an sgase o.
No. so Rave relied while it is treated 40 abuse and
Isb.hsvor the principal and ne .aeoIdoas IN.
me Il srihorty sud Is the basis Of many
law sse PsD' Lb sos he9o.a n' fn
nsyss Co Is Wendell D. Futon Bank v The New York
snS sharon Canal Co. Paige r. l1i Angel on Corporation,
c" What then cid tb. Corporation bold out publicly the
rox or ana function OF the Transfer Agent
IT.. esrses.s which were 20 s.ued have the most
ter bearing this question The form wss sdopeo oy the
Dr,eos ard the Compapyj the form they have IRON
IL orssnison sGed surrendered, and IN every way
adopted by The Co%Ps1SS " the CORPORATION Thew also
are ,neo acted by octholoers and by stfsnge
n 1eIe 10 be The Of the kholder By whi;h
- ibt deal with Others and others deal With him. They
sszed stock eontacis (Of Stock Joboing D. 7le sec
IN. Company then when they sanctioned this form kuov
ins xieDsv.y the eck sGoset o, eonmqa frame
certfcate 10 the very language OF the Certificate
aeR ser 10 grant or transfer Il II does not indicate the origin
the shaes embraces whether from original suoscrp ion or
owner Of certain number shSres; and is be such
voucher that the Company VIII recognize no other than those
IL IL IL alse then II IL only TO the fact nat A. D.
rot Of the shares specified In the certdeste fact
which only the servants Of the Company can know r..
When tie Company authorize such declaration TO go forth
under The Of rs business and by the act Of OF s Of
heer sssumes las DO the suthors Of al sneh
wbck are to invite rac 10 ascertain how the fact Is and
certify truly and it appoints It's own ofceT to .ne
His duty 10 the Company 10 ascertain aud certify truly bat
the power function conferred him to issue the cer
6este without sry CONDITION On rs isee a5o Tn ne5
NUT possible for those GALE 10 act on II ~hen they call
for The authority ascertain the limit Here tue authority
,s M he ctrteste and the resolve author zug the trans
fer sgent Issue II the certificate is 10 be read with the
Ss Re irGy and in fact holds stock certificate
would idle ard sense The scope Of the office Of issuing
these certificates 10 issue unconditional assurances
To suppose that such authority was as TO 70
the s.ss Of ne esne op sSSt Ss monsuet Of their
agents IL that corporation authorizes It's oheers 70
certify fasehOOds TO commit frauds but when they have
mn, into bs hands the power do by which
but the Company agents can scrutiu1e they are
TO whom thew have oonsded H. clear of
limited but sbused Of the absence Of power but OF
l. does NO, weaken this reasoning that BY treating the cert
hsstes a. true more 'oe, wogo De h ~ III s IL ond
Of power II false the Company must be an
suesb Tor any other deceit a. 1t had certified any other
matter In the Of lie business by which Others
have deceived In snch the MEASURE OF the indem-
he sopSuet Of the Transfer gent 10 skiing the
and obtaining money them as well authorized,
r.. b stu.e Of trust sud power forgery would be confouud
ms Of al distinctions In the criminal law tsee Macs Rep
The IIsy,n Railroad Company are in my liable
TO those who have IN tood sh lost BY sas sEeam -
eerti6cstss when they are falfe. DANIEL LohD'
ksr IeSk. Oct 2, 1854
The Cincinnati Gazette Of Wednesday has the fol-
lowing review of financial matters in that city:
"Money matters are in an extremely unsatisfactory
condition believe than has been experienced for
many years The houses have ceased almost entirely
10 accommodation and this hiss been done from nsces
There several cause. 70 which this ssts
Of hns but ss S%s so,s IL ' dns ot
the currency Dd dePivns onI bushes. meu OF the means OF
carving their operators The Small Note law received no
out of doors the Illegal currency got
Into bank il homes aud the greater portion of the
latter Ibdena the the Free Backs was
ous and heAvy-and Of them understand
failed the calls made them Thus Large
amount the active bankers is locked mp Free
BsuL been almost entirety Withdrawn and what
little sil n the mste neither be passed In trade nor
sold 20 the bkers Ohio Banks put their
f as possible or PRUDENT but this compared With wants
h or - drop Ia the bucket Kentucky Banks the state
Eastern Banks not disposed to supply
The d, Ana f., currency Their small could not be kept
ont betanse OF our and the large notes would be
p that they would be returned about as fast
ssusd the sold and silver that to flow Ia TO take the
af
are without circulating medium The Indiana Free
Bspi attribute the difficulties 10 the Cincinnati brokers; but
h.teve NAV have been the fact that these banks
are upsbe redeem their paper and that they will
he oced 10 wind up quite The of ateTest
ysty from 10 a cent y month The demsna for money
not large Tut already nmaed greatly exceeds the sup
ply"