The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-07-08
TIKI LAST WALL STREET SWISDLB.


s.str-.ens. from An sort. OF .curess-rhs
Extswt Of tho trrauo-Tho Marriage OF 0O-
bert schu, Ier--LssUrs from nss. schuyler
ON uhe suh5s ca, Sc, Sc.
Ffrum The Courier and Eoquirer
The streefs fud OF To fail To which lit
20 attention .bould be gwen Tho ouls having any
. on Of Mr. Couverueur Norris who had hitherto oeen
toDsiae ed large proIe ry holder and capitalist
There no further drois,ure. To day 10 reereaoe TO
The Affairs Of the New furs and New Haven Railroad
ompany. We publish below the letter OF resignation Of
MIR Rotert Schuyler one of tho hoAd OF directors aud
eans(er agent We have the strongest Assurances
from this letter, and from other Ia which We
place entire reasce, that Mr. George schuyler hat
Enowsecge whstever IF tie fraudulent transactions In
which Mr. Robert &. is involsel whether tbs funds
rtaixed by the hy potbealion OF the spurious sh lres
have been used for the benefit o, the recent dfm
g. l. Schuy lcr, for NJ H. Schuy lrrs Individual &C
count, Is not yet knoun LII. property and effects OF
the srm under date Sd stan have been ~sde ose% TO
sssignecs for the bepent Of all the creditors
Nh. RoBMT soHUyLERs LKTTER or RESIGNATION.
NEW YoeK, July 3, 1854
GExr. naES-I beg to resign my scat 10 tine Board Of
psny. also OF the mos Of Peidsn AM VI the ap-
psntmeat OF Transfer Agent Vt the stsck Of the company
essentiaL as YOU will and tia. wrong The
details can DO furnished Jou with precision, tsousa
In reiereoce to the connection Of ths transactions
with L. and l. Schuyler, ~i-h TO mako my solemn
hat In way my brother been concerned
In them, LOT has he kDowa been informed OF
them. In fact there mode 10 ~hich he could oo-
tsin Information except from self, AMI have
ether penon. He coula mot have sscertaned the
fsct from own bocks and sccoaa aad to tbose OF
me New Haven Ce@pany ~ my Charge no hAs nAa no
ROBERT SCHUYLER.
To the Directors OF them &N. al R.
from the National Democratl
The fraud committed by Mr. konert Schus er continues
to be the gr at topic Of Conversation lhsre reason to
believe that he nov La C,nads Tbs last that was seen
ef him Tuesday morning. the b OF July, at his
residence In Twenty rocond street. when his orotherin
NV Mr.. B,wdoip, left him He has bsen heard Of nee
Ga.A t. ~ n..rl
there he doubtless designed to take the steamer for
lanada.
khat he in Canada The day Def he lett, the
Sd Of July he and his brother executed assignment Of
individual proety to Messrs Bcwooin B4rlsw a.tor.
neys, No. &C Merchants' Exchange.
The Assignment, we have bc-n informed by Mr.. Bow.
dom the benefit Of all the creditors without
preference and the assghees have taken possession Of
the property ana ~il A. As possible make public
report On the condition Of the estate its liabilities and
assets.
Mr.. George Schuyler has not his brother since
Monday and Gays Inc never ex poets hin again"
He Gays, slso, tnat he Is OF the frm being
benefited in BY the large arising Of
the by pothecation OF the spurious stock
conseq - gnmsnt Of all his property,
Mr. George schuI Ter has resigned tie Presidency OF the
Harlem Railroad Compsny in Consequence Of wnicn the
Directors been called TO- tber,
sion at BIZ. Nelson Robinson Office in Wall street They
tend we learn for general Satisfaction, trough sus-
picon attaches to Any nisdoings In the Harlem Compa
ny In which Mr. Robert Schu,l Ter had power for
the past year. TO make thorough examination into its
One of tho many incidents publicly mentioned In
necton with the gigantic fraud Is that Mr. Cornelius
subsequently, to the Of the failareoer
ed him check for sb0 600, and rendered far
ther assistance to the extent OF tn miors, IL
necessary and would carry TIE New Haven and Harlem
stocks 70 Jar, Mr. Robert Schuyler would only
him that all right /" To tais Mr.. Rbsrt schuyler
assurance could be gwen The enormity this crime
committed BY Of the most arstncrAtio families and
grandson of General schuyler, of the Revolution has
q
country viii not soon recover.
From the Journal Of Commerce.]
There IL nothing In regard to tho most exciting
topic In Wall strestthe Issues Of New York and
New Haven Railroad stock The company which
extent in The samr way as shs New York and Nes Ha.
vsn the Naugatuck for which Mr. Robert Schuyle
was also treDsfe. agent and We now have Il from rs
though the over issue as far As yet traced Is only lit
tie over s2e 900 Messrs R. &C. l. schuyler executed
ch.ra natehaors George Bxdon and samuel
I. Barlow, providing that tho assets arc TO BE- resu-
labtles, including the claim New YORK Nos
Haven Company win probably am ,unt to aooa $780,
lire assets amount to $500 o. ssssus 70 pay ten
cents the dollar As far known, there Ii no
issue Of the Harlem stock but ndebtedness to
that company In form Of about 500 000
There many inquiries to what has done with
the missing funds; but think the matter is easily
vicious of sort and the funds appear
have been sunk In bona 6de railroad The Yer
$3.50 600 STOCK besides heavy depreciation in bonds,
The Saratoga was also bad speculation and many OF
the western roads have hardly been fortunate At
the time that Of cotem msie extrava
CANT estimate to the total OF foreign capital invested
bore In railroad enterprises, inmsted belief that
Known, the dsbt vas saddisi upon domestic c,ptasts
We judged this from the fact that throughout the north
New England s,noss every man who possssssa little
ready mona han purchases one or more railroad bonds
Il vwht~h NV m
for money in regular business TRANSACTIONS induced CAPT
fasts to to methods Of evaon Of the most
Obvious OF which was that under consideration When
the Official table afterwards published which pur
ported 10 give the amount Of stocks and bonds held
mated. msny asked, with some wonder, Who, then,
has contributed the captl Part Of the answer 10 now
Zoo proud TO confess their losses
In addition to the deficiencies noted above believe
another company, may have been illegally issued and
hypothecated sccury for money borrowed but this
Is OF little account and understand will DO returned
One Of the sades features OF the whole transaction Is
the ruin 1t will bring few Of those most deeply
% ~ soms ~ hs .os wSoss
sies des means Of living viii thus BE- diminished
An evening paper 2 in error in naming Nc Bovdoln
relationship between them Mr.. George L. Schuyler,
who is mot In the leas, implicated in these transactions
and Mr. Bowdoin believe married sisters. Mr. Robt.
Schuy Ter Is thought to be in Canada.
from the Tribune.l
The effect Of the Schuy Ter dcveoement Is stu, severely
felt in the stock market The feeling Of insecurity Ia
gard stock ssuss which will probably away,
has driven timd holders TO sell stocks indiscrimi
nAtely while there also been produced sagnstion
among buyers, who prefer to stand still few days.
Under this state OF feeling the market naturally Drops
when without this disturbing cement tbs news from
Europe, combined with the improved condition Of
banks would have undoubtedly caused . very buoyant
MARKET This feeling almost approaching panic, which
prevails Ia, however, somewhat unreasonable, for al
though the fraud Of Mr. schuyler is justly calculated
todist1rb seriously the public confidence In officers Of
Preparations yet II be conceded that the vast
lnty Ct mankind honest and that those striking
tnIes Of n'sty the marked and shocking
SoTn their infrequency.
Mr. Gcuyerneur Morrs who has been largely connected
filth Messfs u l. Schuyler In their various railroad
fntrprisee, and who had Endorsed large amount of the
paper Of that houAe allowed OF payer TO 70 to
protest to-day In view Of the Developments Of the last
day t~o, Mr. Morris has doomed prsdcnt 70 suspend