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

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MOH1Y MAaRDT.
~ faubnDA5IJuiy e-sP, n.
he stock zuaxket was much bst>& sustsansl to day
than We snticipatsd The gsssAc svinds on the part
Of Mr. Robert Schuyler the princps subject Of
verpation and both loud deep we're freely
showered upon that individual We oaa hardly realize
the magnitsds Of this fraud IL easy enough to talk
about millions, but whom calmly reflect upon the
matter II exoeedeth eeupreheusIon. Two million Of
dollars Il N Immense TO b. sxtrsetsd By ono man
from the pockets Of about two hundred stockholdsrs
particularly when many Of these stockholders widows
and orphans Who bad their al Invested In tho company
and depended upon regular dividends for the paymsut Of
their current expenses Many Of this class have been
struggling along during the suspsnsioa Of dividends
caused by the Norwalk accident hslding ON T. their
STOCK under all circumstances, with the nrmsst belief
In IT, sovsuoy, and with the strongest hope that ct an
sly day dividends would - resumed and AL would 20
along smoothly and prosperousy agaia All thsss plea
ssnt antcipstons have bssa suAdsny swept away aud
The bankruptcy-uttes, hopsasss baskruptcy-of the
company occasoned By tbs Il o. man. Scores have
been ruined TO psmper the sztavAgAass and I'D ths
spcculatons Of this highly rsspsetshs msmbsr Of
srissocrscy. Sing Sing does not become his rssdsaes
that instttution might well b ct abolished The
probability howsv,s 4, that he wl not b mslsstsd
he has undsubtsdy SECURED and ~ peAesably In his
bed amidst psnty while many u hia victims WILL per-
haps daily su Tor the want II ths ordinary nsesssa-
riss Of LIE. Ths psvaon and dls@xss brought upon 20
many helpless stsekholdsr = bot part o. the great
evil arising from such vilsny. Our laws are very de-
fectivs In this particular bat have not the slightest
idss that asy reform Win ~ msds. This stupsndous
fraud win b The priscipal subject II eonvsrsation In
financial circles for few dsys when win give way for
something else, which, In it, tara win attract public
attention. it, eaect will never - removed from the
minds Of those who have been victinised.
It hasiag been reported that Msssrs r. 4 q. L Sohuy
Or had preferred Some Of THAR creditors In their assign
snt No give copy Of the document for ths purpose Of
removing Al doubt upon that point II d recorded &C
cordng 10 Law, and H. therefore, IN proper shape An
Of the creditors have equal rights and privileges under
tbs Assignment.
AsuuHxu7 on Mnms. R. G. l. S0urm.
This ndsnturs mads the third az Of Jay in the year
tween Robert Schuyler and George l. Schuyler! compos
George r j. Bowdon, and samuel l. \. barlow II 81
the city Of New York, eeanssors q law Of the second
whereas the parties Of the srst part are, owing to
losses and msfostunes sustained in their busnsss
able TO pay their debts In full but DESTROYS Of paying
OF their debts liabilities such creditors respective
ly, 90 far q In their power 70 do 70.
Now, therefore, this tndonturo wfeueosoth that the
said parties of the frst part In consideration Of the pro-
misses, and also Of the Of dollar to Thorn In
hand paid by tho said parties Of the second part at
before the sealing and delivery Of these presents the
ceipt whereof Il hereby acknowledged have granted
bareained Sold aasigned tzansfered ct over and
lease, and do hereby grant bargain SELL assign. trans
fer and set and release unto the said parties OF the
second part all the property Of every name nature and
description. wherever the may BE- whether real
personal, and wheresoever suate belonging apper
tanning unto the said hrm In which they have any
right, title interest. To have and to hold to the
said parties Of the second part their and
their heirs executors administrator and assigns
In trust nevertheles and for and upon tho
raj trusts, ntents, and purposes hereinafter do
clared that to say In trust to sell and dispose of all
and singular the said assigned property prac
tcable, and ct the best prices that be obtafnsd
therefor and by and out Of the moneys TO arise from
such Sales pay and discharge in tbs first place all To-
gal necessary charges and attending the
execution Of the hereby created and then In the
place divide and distribute all the residue and
mainder Of the moneys TO arise from such sales among
all the creditors Of the parties Of the rst part ~ such
co partners, whether their debts now DUE
pay able at future day payable pdr passu In proper
ton the amounts Of their respective claims and do
mands until all the said partnership debts are fully
paid and satisfied
In witness whereof the said parties to these presents
have hereunto ret their hands and seals the day and
49, Dourvw cruyyvr TN r. -,