The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-02
$740,4l5


DO. Dec S2,47l,s4s s,39i 1872, s22
The Withdrawals from warehouse during the month
this year amounted to 81 $751; against 44s for
the month last year The entered for ware
house in the month this year was 50 se7 573 against
$20S0, 90S for the same month last year.
At the meeting Of the stockholders Of the Harlem Rail-
road Company, held to-day committee WAS appointed
to investigate the affairs Of the concern report at
future meeting Considerable confusion existed through
out the session. and there appeared to be strong
ston to any immediate action in relation to the over
issued stock resolution passed authorizing the drec
tors to place transfer books in the Office of the United
States Trust Co. This Is good move, as II places this
department entirely beyond the control Of tine officers of
the company We hope other companies will do likewise.
The stockholders Of the Harlem Company appear have
opinion of their own and not easily led by the
board Of directors anticipated.
For some days past negotiations have been going
between the of the different parties in
terested for the purpose of arranging and adjusting the
difficulties under which the Parker Vein Coal Company
are now laoorng At present the concern is literally
defunct Its mining operations have ceased, and its
movable property in the hands of the assgnees ia ra
pdy depreca,iug Something should be done at once,
II possible to the company from complete wreck,
and the probability is that the neg citations going
win result in settlement that will give many of the
whole issue Of stock amounts to about shares
1t may be little below that but We put down that
figure. That H. 100 900 shares than the charter
allowed The present indebtedness Of the CON oany s
put down at ST. 00o OF which is reported to
be due to O p Jewett The assets of the company
sst OF shares of stock Of the Caledonia Coal Com
pany and s274 of the bonds Parker Vein Steam
ship Co. 1t Is, we believe, proposed tina. p Jewetts
claim against the Parker Vein Coal Co DO cancelled
by the companys assuming the shares Of stock
Ills claim being $3.50 ooo would be equal to about five
dollars per share for stock This will reduce the debt
of the company to s476 to pay which it will have
the assets named above What coad be realized the
sale OF Caledonia Coal stock and Parker Vein Steamship
Companys bonds might be applied TO the liquidation of
the compsnys Indebtedness but how they would 70
would be very difficult to tell With good management
they might produce enough to take up all claims against
the Parker Vein Coal Company In that event. the
ak and Thousand acrss clear Of incumbrance
represented by COO shares stock The nominal par
value Of this stock is $io0 per share but II would
cessary to reduce that, that the original capital
100000 would exist. These propositions the new
board Of directors have had time under conser
tom but whether they have arrived at any conclusion
not have not been informed We have not one word
Of comment to make relative to the matter These are
the facts Of the case and leave for those
to act they may deem best uuder the circumstances
At present the company is in a very bad way and the
capital involved is not only inactive may
become utterly worthless.