The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-29

free IN baitnore by the cargo LOT coai as comes ~
sssn:s , % ne snplsy;d Baltimore
ing the expenses Of sale from 10 70 esndnerencs
Is al the PRESENT io price Of s. ton in Bstmore mn
weeks Il y been the Lowest price aud in
as an average price for future calculation.
agreement Of Stockholders.
ray been over ofi Al shares In
Cd from the Of syinna until pscmSer @
therefore, the stockholders Of the Parker
surrender over stock N order that the oompa
~
OF company the necessary centage OF the
hers hereto shsresJ reduce the
We receive certificate Of Indebtedness Of said oomps
ny for ve dollars for each share surrendered such cerd
tie or portion. Of The property Of
after prcxdns for the Liens debts and
full principal and interest," before any dividends are made
hoderso Of said certificates should the Legislature Of
the state Maryland auho.ze the increase number
shares to have the privilege Of converting
q 'hs e ss',; asss
n % that have been made on
company NM sn,;,,, ,.r.,, .,..,,. g..
the company bond at the rate Of dollar and twenty
five cent. g ces.ssts receive for stock surrs
for the same me g viz !. the rate Of
the bonds to b delivered on the payment Of The install
dates Of t. e payable At psa e che
amorssass on the coal Known as the Jackson proper
" and that portion Of the wssrnport property lying
and other sss
for mining coal,
After the report was read and accepted Mr. KErcHux
and stated that he did not know whether he
legal stakeholder not and he thought absurd to fol-
low the advice OF the Board until he, and such he
knew in what position they were placed.
Mr i he llnvfnU hlo
! and resolutions
WhsIss; It aIpesrs BY the rpsr. Of the Parker Vein
the company such require prompt action
the sacrifice 2. s to .s the and
whereas such action involves the necessity Of retiring the
and q providing saeient q meet the pcndss
pressing demand against the company thsrefore
Parker Vein Coal Company.
emf 70 rSo m n' s
Company and save its property to the stockholders.
sns ms issue ne
Of proposed BY the directors for retiring
Rs.9ssd That the meeting The plan propo:a
ssi.,ss e shs company pledges IL eespsrasea
Resolved That Is earnestly urged upon every stock
holder to unite IL sa5ryns Sgs the plan for Their
properly from absolute sacrifice, and that the directors
% sss S e sss s
mat, IN the opinion q mi. meeting u. holder.
the ovI stock, should have the privilege, when tho
sane ss Of sosysr1s the IAN. ito 40 ,.ss
iature Maryland tie session, the necessary
70 the charter to authorize the issue Of stock
| therefor.
It was here moved that the resolutions be taken IN
separately, which carried.
The first resolution adopted The frst portion Of
the second resolution recognizing the liability Of the
company, also adopted but the latter portion ap
proving Of the measures proposed by the drector
objected to by Mr.. Ketchum the ground that they
did not know who bona dc stockholders he moved
| amendment that the books be opened and kept
open for ten days. to II some arrangement could not
| be made.
Mr.. AMOS STUART said Il would be impossible to do
that would BE- In direct opposition to the decision
| Of tho courts In Maryland.
Mr.. TRopoK DRAPER thought that il would be pity
To lose 70 pretty piece Of property. He was In favor
Of raxeerg the shares IL by that means we could save
the balance. We all win eventually have only six feet
Of earth by two. (1aughter.)
Mr.. HUTcmSGs feared the action proposed by the
amendment Of Mr.. Ketchum would have the eject Of
bsrrsssng the action Of the company indeed the dec
sion Of the courts lately pronounced rendered such
ton impossible. fss
Mr. Ksrcurx-Suppofe offer 10 sell one hundred
shares Of stock, when am possessed Of only ten II II
not evident that the Is analogous and that the
ton Of the directors will have that efects IL the
pany bound to take this stock let do individu-
ally, and not be compelled By law.
Mr. GouRrr-But Il Ia impossibls to do the gentle
man desires, as II might involve endless litigation
Mt ketchum was here earnestly prtssed to withdraw
his motion, which he eventually did.
Tbs latter clause OF the resolution was then carried
The remaining resolutions were then acted on, aud
IL LII kx.kN