New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-17

os1 aesusd si lhods. BAT the Intrinsic aus
az on g1ss,..stsSs deb. have eoass,sa -Aost any
sdsqlae povi.on or nes,s ~ ne paynrs, o. ne NJ
Los al ecfed the iaunest askEi OF an acvGah lie
eiS .hsrsfr aud the de,end.n., 80, r, Hs pSsS 80
socsho.Gsu IN ssii Company, oat 10 'neH 'Na 1n"aah
aud plain If Goth further that prior to the saessss
Aforesaid OF .ai se.m'hs. contract "a. ea.se1 so q,
which AIRED that he sad 60 npany shoa, hsvs tss
snt PurE.s. n. s.t esn'hs 81 say TIN, dares te
per The cot OF the same khsi tue ms Of
SID purchase sls onset s in force that the oesoes-
eudec By 'hs ssfsos.H, Jo"Ph Waite behalf Of ..d
.ns 70 ,Ie very srs.t ..cses Of ts. ints.t. the price
sgrse 10 be paid aad seasy paid By The Company @, the
ssrd dollars. the plaintiff that the sss and issr
ss Of the lho5e were thus an fay violated .ad
whi e. ,h.t the said White thereby, ard
Of a. .ss plaintiff informed ssd Believe. other thass.
esLs, fsciite. to eosbe him purchase 90 h.s Of the
i.soe OF the stoeh Of said Company and .As shares
with aid advances and fsces aforesaid wsrr scea
al, 50 slrn AB held the benefit Of him toe ssh White.
the adv upon which Immediately thereafter ~s the n"
And plaintiff further ,hs the defenisos sersi..
wbos 50, h. ri sahaty therefor In further violation q
the gh and OF the soekhoders in said Conpsny.
without he n.sat or kaowedse Of hs stOeIhod
s That said ips were net required for ae 4,ea q
psny and Of said ships al exotsat
in OH sna further peeurry advances and es. he
proprietor thereof Tor the individual bsnsdt sni advantage
the puehse of said ships Of money
TO be si due TO the former proprietor taeof and Il:
and Of the Company pledged
and n oTissssd for the payment Of the same
said Of the said Vanderbilt Lae By said csmp,ay con.
tTover.y between ssN Company and SAID ormr
va. .n;iied to cooDasn.e the receipt from .,d Co n,s
u, Of twenty per cert Of their sIS. ieesg. ior ,s snpSr
ssncipg said purchase THAT SAID els nsnitesy VITA
tween III. rsss hat he same should submitted
decision OF chancellor Ws~orth aud the P,tof .veis thsf
be has been informed snd believes that the sesodsa in vo
ton OF the rshs ct tn stoe.nodr- in said COMPANY sad
sacrifice CT their Interests aud In order to secure
their individual profit and advantage b. obsinin. o,h,r
end 'urhr euriary facilities sLd advances hom said pro-
preor waive the Aforesaid stipulation to submit
said question TO the decision % said wslwoih sud msae
compounds Of said cn By The payment Of I"ss sun 81
which the plaintiff IS unable 10 state
And plaintiff further that the defend,a,. In fur
Of he AFFAIR. OF sid Company m.,ppro-
priation Of TIE mosie. mean. s9d .assso,
Company s special in the City Of Sesfork that by
the Of salt appointment the said Morssn has been
SLOWED and has received and receiving exorbtsnt
salary, aud enormous aud unssrransbe commissions
pretended compensation for th- performance Of the duties Of
said ssency Anomalies in the aggregate the plaistia
informed aud believes. TO at ss. $4,000 per sanan And
rsons could any time aud be found resdy saA
willing 20 perform the of Aforesaid fally
sscoIiy less than erth part the paid
allowed the defendan, Morgan And the plsiauh ne
informed and believes that toe extrsvsg.nt snd uasa
rantsbs salary and sons aforesaid so~ed aud
paid to tie defentint Morgan BY The private te ms OF nus ~
| defendants he Elm directors In said Company
And the plaintiff farther safes that the aid defendant, Nor
.h Company ~ soa - as
or more steamships which In part. the property
OF said Coo aud that pursuance Of the powers c'nsHed
poye in the service 81 the Conpsny may
f psy snd charge and receive while I'll. shps which
Or employed Only ordinary
receipt. known TO be rsucient to detr the expenses
That the defendant Morgan tbs proprietor Of an iroa
founoy in the City Of New YORK known the Morgan
Iron wos" and Of the powers conferred upos
sd Morgan the ssent Of said Company be has cause .nd
upon he ships OF the Company done sad performed ct
bis Iron worss Aforesaid t sleh e.rassssn, rates
psy, charge and receive whereas prior 10 the appoint
uent Of said MIrsa1 TO said s.,sey .rd T.s
So the AaIe WORKS where The .nsoss OF sid ships we're
and fraud OF the shs and lneres Of the stockholders In
the plaintiff represents tia, in further pursuance Of
te Aforesaid sod fraudulent mis- .snt OF the
sa"' Of 'sio Con paoy aod m.sPPopsSn ofihs moneys
about years since appointed the defendant Oar
hat ~ he Contract Of his appcnt%sSs SAID
{. take SOD tsesys ,. 5 as .. ~.
eo' receipt. ra ne stess uIoa enc rsene size OF .sia
my cent bis ehbus Of sad receipts sni tbs
sps.5 Ct said wa. es,eaes to eu that ss s1ss
per Ana The Ilsiena i. informed .pd believes that
vice 10 said sscy has exceeded the Of 100 900 an
|
ierorbtsnt ard onwsnsBtsbs sntey ds,roporoasts to
the duties of said agency ~heh neither
tTsB-scng ba-ineas the time his scc0un
months and the contract with said defendant,
Gsrson and The said Compensation allowed and pail to atm
under the less ADD 10 fraud Of the rights and
sestly detrm. Of Stock 10 ssd
Company That prior 70 his s,ortst appointment the daes
OF agency fully and satisfactorily performed BY
thorou,hy competent person for compensation les th.n
fifth part that which hs been paid aud allowed to sad
Garrison spd said the pl,nta is ofoL%sd .od BE-
eves has been and ready snd willing 20 PSF
form aid duties less than the rate Of eonPsn'suoa
previously paid TO him therefor. and r.pessd possr. hsye
been the defendants herein the Directors in said Com
sn Ss. Of sSe ssesey Of ..s ron for CON-
penaon very far ess than that wh;h paid and allowed 70
And the plaintiff that he 10 informed and believes that
the sfore,sd made and continued with The
Compspy The Individual benefit, profit and advantage
The said Director. some Of them snd N saa 81 inc %
Jointly with defendant Morgan snd ether OF the de-
are not in soy part the property Of Company Ts.. IL
pursuance o. the conferred upon said Gsrns,o
service Of ihs aid Company At .ah r.s. q =
be the sad GaIrs D. WIN As other o~nsas Of ,aa 10
accuing from the business Of the ComPsoy Tnss the
loved and sa.inss s.y. been I'D ior5.n q
exceeoD which have been allowed for me servhs
i,h,spdips the greatly diuinhed expenses OF running
steamship the PACING and the increased expense OF
ssd defendants kept in empoymen, the service s.d
Company connection with the best and most popular snps
becnstg the Company, and employed upon the Ausnuc
See o. $50 roats TO the vs e. D,'a, sae ss re-.
los. OF the ,octhod, 10 said Compsny That the .sd
ships belonging said desbdaats kept 10 constant eepSI
e.op. Of the yssf While those bsIoosos the Company
have b.3 ,htr sd as ., b.. P =. s%,Sy ~, s%
feent 10 ds.y the espen's Of Of ra,ss me
said Company. and sresy and usparsoy detrimental 70
and interests OF s.d defendant Garrison adverse 20 tho
ere.ts Of said COMPANY 10 msny other respects th,n .nos