New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-10-04

MAJ o. VIZ ~ whichever may be chosen as me
sad head One ..cu,;ous were received with much ap
These iesolu""N' WV
plause. ~ -. N.r,Yo,k nex, cot the Aoor
a ssd he reprt scented some 200 shares Of me SOCK
~. IN, Nsv,York and New-uaven Rallr, d COmpa-
~ w. and Il became biz duty, on behalf OF those W."
"a intrusted him with their powers, 10 express er
h;s views az 10 whether this Company sho IA 20.
s.cnd Ia damages to the acts OF their a. .nts II,
MD saw that doctrines Ike those prop lgated from
Ms.sseb1setts could never be uphe' or Maintained
- ,Ic state of New-York. IF ,oerSons annIanse
and some hiises.l Inc wnoT history Of jarispru-
dence from the tGrn'st VI down TO the present
moment, furnished no y arslel to the legal opinion
which had been supp" ED to have been gwen by the
counsel Tor the Cor apany What that opinion
Lock at II FOR moment. Counsel tell you, Mr.. Pres
dent that w the case Of general agent his acts VIII
be binding on the principal though he violates his
particular instgucO9s, provided the acts done IN Vl0-
laiOn thereof come within the genera scope OF ms
authority. The speaker commended that Schuyler qua
act within the general scope OF the authority dele
gated TO him by the Company, and that they we're
morally and legally liable for the consequences OF MS
acts while their agent Did they pot take care 70 set
forth In the rost conspicuous msnner the unlimited
confidence which they reposed ~ hint And accord
me- 10 their own showing, every man was bound 10
believe that the stock issued by Schuyler ior tee
Company was genuine-yes, every share 81 ~
SCHUYLER was the general agent Of this Company ana
there could be nothing palmer than that they we're
liable for his acts. There might be different stand
ard Of morals in Massachusetts from inst "hich pre-
yepts her tells us that he and hs IN favor OF deny
ING the liability Of the Company to assume the conse-
quencts of the acts Of VI agent
Mr. Bailey demanded if Mr.. Mann was speaking 70
the question on the resolutions.
Mr.. Manu- shall speak, Sir, 20 all the resolutions
before / have done. Laugh, mingled with cheers
md kisses
whether az the gentleman says be Is large stock
holder the stocks he holds ore spurious or genuine
Mr.. Miami bold genuine stocks Sir laugh.I
Mr.. Bailey still persisted III pressing his question:
Mr.. Vermiiye-I viii answer the question; Mr..
Mann re presents Carpenter & Nermiye for one hun
dred shares Of genuine stock.
mont and the Mechanics Bank, as well as large IN
terest for Mr.. Vanderbilt
Voce-He can represent any number OF other
,hsres lCbeers, Kisses aud confusion.
DIR Fo0te Jumped 10 his feet and eDdeavored TO be
heard but was ruled out Of order and Kissed. All,
You can hiss, he said, shaking his Est When
was boy could drive regiment OF such geese
before me with pitchfork and then he sat down.
Mr. Mann reiterated bis remarks upon the liability
Of the Company nothing was Pai9er IN equry sia i
that the principal responsible for the ACTS OF MS
agent when acting within the scope OF his authority
The gentleman from Massachusetts- -.
M, Bailey interruping hn-lle owns stock, Sir.
Mr.. Mainland so do j.
Mr. Baiey-He owns II in this Company.
Mr.. Manu. shall not yield the floor to any person
for remarks of that character, be they pertinent or
mperinent, Loud cheers ana hss So ,oo,od
70 his feet aud excedy protested against the whole
proceedings of the meeting lie SAID; protest
az aipst our being subjected TO the hisses ana tauns
al the represe natives Of this great financial mael-
,trom which has swaowed up the substance OF so
many innocent persona here ehsueu Scene Vi
wild COZ fusion and clamOr
The Pre.idept shouting at the top of hs voice IT,
call YOU to order, Sir | will have order. Turning
70 the audience be said Gentlemen will do what
can to preserve order; but you must asslst me.
Five hundred men against one Is uphill work. Are
there any police officers in the room! will have
order.
The platform with his hands behind his back calmly
surveying the scene and patiently waiting 9pportuni'
~ 30 resume.
Capt f. L. Morgan moved that the meeting al
jouh 10 New.Haven, to that day week. lie wanted
The stockholders represented wherc they would not be
subjected 10 the surveillance OF the police. As the
captain pressed his motion, the Char put it TO the
meeting, when il was almost unanimously voted down.
Judge Ingersoll of Connecticut at this stage
and soid that in hs opinion q meeting Of the stock
holders could not legally be held beyond Inc limits
Of the State whose Legislature conferred upon the
corporation its charter Before proceeding further he
would ke the meeting to hear legal advice upon that
point. lie remembered that he once saw decision
"a support of this point, but never one against 1t.
Mr. Mann refused TO yield the floor, anil ana n up
roar, saying that he had supposed from the appear
Of the gentlemen before hun, there was courtesy
enough in the assembly TO permit him to proceed with
A VoicerThs is meeting of the original stock
holders, TO consult together. We don't want out
Mr. VIM II. Nelson asked where the conss-
tency which allowed one man to get up and uulnter
ruptedly 20 into illegal argument while another upon
the other eide was hissed down.
Mr.. Mann-"Oh, l shant be Kissed down, Sir,
and he attempted to proceed when
Capt Morgan broke H. "yOu don't own aRy stock,
1--WE want stockholders, and not police
Mr.. Msnn turning TO the corner where the more
factious were seated, said 81 represent more stock
ethan all Of you own together. Kisses and
cheers.
Mr. Peabody of Boston-"M Mr.. President, / de-
"mand that the police be ordered 10 withdraw.
pointing 10 several policemen at the back OF the
TostIum.
The President dismissed them A gentleman who
called himself unlucky shareholder OF 30 shares of
genuine stock for which he paid slOs per share, said
he hoped Mr.. Mann would be heard. He wanted TO
have the same courtesy accorded TO him
ceiyed by Mr. Bradford of Massachusetts,
President-Mr. Mann asks but ten minutes will
you allow him to proceed
A large majority were willing and desired TO hear
him, but faction kept up most atrocOus noise;
some Of them demanding that a stock holder only
should be heard.
Mr.. William J. WetmOre-I own lsO shares of good
stock. and depute him to be my attorney.
Mr.. Cleaveland of Hartford, endeavOred to speak,
but was called to order by the President the majority
supporting him in doing
Mr.. Cleaveand denounced the attempts OF the
President to maintain order as ." base assumption
OF despouc power, for which he was greeted with
tempest OF hlsses, and cries of q" put him out
80 turn the fellow out &c.
Mr.. Mann permitted 20 proceed he said that
the opinion of the Counsel for the Company held that
the OVERT of this stock in the manner in which
was done, did rot create any Indebtedness of the
Company. But counsel did not say that which
the Directors make them say in their report that
they could in no way be liable for the acts of their
agent butihey clearly left il open for them TO infer
what II indeed the fact that they liable for damages
caused by the fraudsent acts of their agent. APP
plause.) The gentleman who preceded hi said there
"a II Xho holl u,