The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-16

dering control ing power 10 few individuals aud
duesoe Of such apathy aud Indifference ia most pre-
judiciL-t becomes cont ,gious snd "a too likely to
pervade every DEPARTMENT Of the company's bust
ness
The Investigations Of your committee have salts
fed TIA members T. at very large retrenchments may
DO made In the annual expenditures; too many
trains have been daily run upon the road-these
may be reduced, and all necessary service perform
oi without any sensible dimnutiOn Of its present or
prospective earnings or the abridgement of any OF
the privileges of its local traffic and travel 1t is
assumed that by this and other economical arrange
ments. more than 500 900 per annum may be
saved.
Finally, in the face of all these adverse circum
stances and unexpected losses, your committee still
have unshaken cOnhdsace in the ultimate success OF
The New York aud Harlem Railr controls,
and must always ,ontrol an exceedingly valuable
and constantly easing business !! possesses an
inherent and self sustaining vitality which. II nur-
uuIed aad developed by careful, jndoious and Lon
est management y Ill soon make 1t an interest pay
ing road and pla . all It's stock among the safest
and beat Of railroad Investments and they fully be-
iicve that the e0t frauds, instead OF retarding,
will hasten this consume alton.
In conclusion, they offer the following resolutions
foe the consideration Of the stockholders.
Edward Haght, L.. Underhill.
U. q. Wheeler. Horace Brooks.
G. @. verplanck, s. Vanduzer.
Thomas Taber, Albert Smith,
VIM. ": Brady, Ed. Crosby.
: AT meeting OF the Committee Of Stockholders
Of the Harlem Railr ad Company, held at the Office
Of said company this day. resolution, Of which
the following is copy was S duly n passed s.o,v
NSw YORK, Aug. 4, 1854.
Resolved That Mr.. Dean is hereby instructed,
With the supervision OF the committee, to examine
the stock books of this oany, and ascertain as
FAR possible the number OF shares of old aud pre-
fcrTed stock, that hav- been over issued aud all
spurious stock that eau be traced to holders there
OF, and report tn reou also examine tae bond &C
mai md hn ma
proceeds thereof. how applied, and the number oa
hand also the liabilities OF the company aud assets.
giving Us particular description OF the real estate
cost, and ncumbrances thereon; also the receipts
ana expenses OF iuBDiDg and keeping the roli IA
repair tor enc year ensuing the 30th OF June. 1858;
also what further ex enoitares will probably be
quired TO complete the rail. Dad that the construc
ton account may be closed; also q full account OF
the extension certificates or bonds-hog many have
been converted into stockholm many oltstand-
Jag. and what 6is osiri has been made Of those
bonds for which stock was given. Have any been
rc-issued?-if 90, Row mary!
OFFICE OF TIE New YORK AND HARLEM
RAILROAD Co., August IL 1854,
Hon. GuLIAS G. VEsPLs mex, Chairman, &c.
SG-ln obecience IN the requirements OF resO-
Iation passed By the committee Of which you are
csaitmas "a copy OF which is hereto preixed),
have made tie exfmi0ation in1i atei, and the re-
salt y III appear in the several schedules hereto
nexed.
Number enc shows the aggregate Of shares Of
old and preferred stock surrepttiousy and fraudu-
lensy issued by he late secretary Of the company,
and Is believed to be as accurate as all the data
upoa which TO base the Investigation can make it.
Nevertheless, it is possible (though perhaps not
probaee) that spurious certificates, fac SMILES Of
the genuine ores, may have been procured, filled
up and sold In the market; or certificates cut
from the bsok may have been filled up for larger
number of shares than the marginal entry indi.
Gates. Time only can verify or dissipate these sug
geshons. The resolution directs me to trace this
oveffssue OF both descriptions OF stock through the
numerous transfers, and identify IT In the hands OF
the present holders. have not attempted to do go,
because there are, in my opinion, insnperable cii.
culties ia the way: the Utmost effort might, he
near approximation to truth, bat could never reach
1t; some portion OF II viii ever remain matter q
doubt. and the attempt 10 do il would swakea u
blood and produce bitter litigation. Evezs- yel -
come may make such inyes:is AHA 20 -, All
even necessary; but, Il NJ !1jg-@1s. Z v.sLi
nov BE- premature.
The gendemsn VITO s2vs s-scstAs a TINS II.
animation OF over lss-s & .scE N Esrs. ilief-rff
aud diomsnl, bad DOE .E- v Fl ~ aiucnuc1r
and ssifaly - . rsAzTs 1e I'm mum a.in-ats
detail and tie 4s--er EEzs ill II ali. lr~ns.sa
Of Tes-hcasseo-
s--s.E w zInhi1s III 'lunit ni'inliIr. with
20 s.szG.iiSs .i,lllll % ~ 1uiw ~ slnr unt -
S1a, -. - ~ '.,.'.
.;.., = - -, a. 1s'if '''-' ~"
-. ~ $500
- =, So, -. 49, y. -, 80, - ~
= -lda n,.,i.la ~ W
- Ans - '''-li'ii''', - 'iiia ~ u l = y
- 49,, ~ -. -
,. - 49, = - ~ - !, - 49,.
- 49, - Es 20 s.-a -. - N'As 4 80 "'s~
Nnr,s, sve Il Tho animal ,s,,,r - - y
NJ vsi So as 90 -. ..,,srs -. - -.
for its business
II IL moi in NV noxer IN sbo0 tho recai,t. ana
expenses Of running and keeping the road in repair
for one year ensuing the 3otb of June, 1858. No
kchctu painucc MAS l11c Nv tue emu vi nab periol,