The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-29
funeral was going on, and numbered ave carriages,
containing IA persona.
sCkNRs AND NcIpxNTS

sCkNBs AND INCIDENTS.
sbs ns psos oog 2. 70: p % 2. .ns ~
The police being on hand, tho fellow collared an
conveyed TO the station house He was caught in tn
:is :is relieving "'Han' pocket Of par'' containing
While the services were being performed In tn,
ing ousde dscussng the merits Of the porties in ques
tion Remarks weres made such - this: "Poor thing
how she must have loved him TO die for and with him
what romance this Is, how romantic they must have
fslt while the more knowing would excsim, sShs
was too good for bim!" "why, she supported him. .
Others condemnipg the conduct OF bis psreuts re
fusing TO have her remain in their house
The following is the copy Of placard which post
ed upon the gate Of the house Of Mr. Gusn. 1t shows
the state Of feeling In tho nsishborhoodZ a. ,o..
''Ths remains Of Mr. Gustin win be buried from the
dead house this afternoon at half past two O'Clock"
The Pacific Steamship Company.
NETTING OF TIE NEUTRALITY-SUSPICIOUS. OF Mr.
WILLIAM H. AsPnwALL AND OTHRRs-Rxs0LU'
TIONS, ETC., Ito.
An adjourned meeting Of the stockholders OF the Pa
ciac Mail steamship Company was held yesterday AZ
tsrnoon at O'Clock, in the sales room Of Msssrs
Gerard Bstts, 1oe Wall street At the opening o
the me~tSng there were present about seventy fvs
gentlemen, among whom were Mr.. Grinnsu, Mr.. Aspin
wall, Mr. Dshon, and others distinguished In msrcan
tile circles.
The meeting was called to order by calling Mr. Geo.
Blunt to the chair and Mr. w. H. Davids offciated "a
secretary The object Of the meeting was to decide
upon some plan Of operations which would harmonic
the interests Of the company After tho formalIsy of
opening the meeting, Mr.. Abjah Mann came forward
and offered the following resolutions =
Resolved, That Edward vwhitehouse, Theodore
Dehon, Adam Monte, JOS. Gaillard, Jr., and Watts
Sherman, are hereby appointed . committee to make
arrangements for the sale Of series OF bonds
OF the company, with suitable provision for sinking
fund, amounting to five hundred thousand dollars; and
that the President and directors hereby requested to
hnYdo In fha ntnfkn
floating cebt Of the company and OF the balance now
due Rowland Aspinwall and to dispense with the
Of Directors and hereby are requested to make such
as they may deem necessary for the trans
acton BY the officers and clerks of the company, of all
commercial business connected herewith.
Resolved, That the salaries Of the officers and
clerks needed for the transaction of the business OF the
company under the new organ zation be mended
by the satd committee for adoption By the President
and Board Of Directors.
Resolved That the President ana Board of Directors
portion Of the property In their opinion be ad
vantsgeously dispensed with payable in cash notes.
most for the interest OF the steckhoders BY public
auction payable in the stock bonds Of the company
Resolved, That the PresdeDt and Board of Directors
be requested to apply for modification Of the charter
DO s to authorize increase Of the number Of directors
to nine and subdivision of the stock into certificates
Of 500 each and for such other notifications they
Resolved, That the President and Board Of Directors
arrangement with the Niosrasua COMPANY on terms
which shall be fair and liberal and equally advanta-
geous to the stockholders of both companies.
quesed to confer with the above committee to the
reazation of the Bsnica Works. and as to the other
property referred to In the report
In support Of these resolutions Mr. MANN made short
speech saying they drawn up and presented With
the view and hope OF answering the wants Of all par.
ties connected with the company.
Mr. DEHoS followed Mr.. Manu. reiterating with that
gentleman the desire for harmonious action and stated
that he willing to 60 far any in promoting
this object.
Following these gentlemen were others, who made
speeches to the effect Upon taking the vote upon
the resolutions call was made for . vote upon each
resolution sepsstely Upon putting the question to
the meeting II was decided that the RESOLUTIONS snouid
The above resolutions were then put to the meeting
Mr. GRINSKLL then accepted the following as substi
tute for one he had offered
Resolved That after the adoption OF the resolutions
deemed sxpsdisnt TO adopt the further Recommendations
ntand in the first report presented at the last meet
Upon this resolution Mr. AsrSwAII spoke as TO-.
lows
The pamphlet Is most Objectionable to practical minds
cifc complaints and general criticisms without prov
ding remedies II refers to the absence at time, of
three directors without informing you that ali had In
charge tie business the company, and two were on
the ne Of its operations. refers
charged BY Rowland Aspinwsll, without specifying to
coming the commercial agency beyond the considerable
amount which such course will save, and without in
forming you that the agency Of lsssrs nowland As
your stock, and that its relnquishment BY them Is
wholly optional.
actrowledged-but after most searching labors your
committee fall back upon general ntmations and faa-
cious theories from which you may draw unfavorAble
We feel that you cannot do so when you nd that two
hypotheses equally fictitious, assumsdvz that it
Of fare
No foundation is offered for either insinuaton simply
have NO wish TO 20 into 6etais. II is sufficient for
to challenge any one to produce from this pamphlet
years with disposition to accumulate property No pro-
pety has been pu except to meet indispensable
wants ana to render Investments productive either by
improving property OF BY removing obstacles fatal to
In steamships the large Investment Of May 1s5s has
been reduced By the sale OF two steamers and the loss Of
two Our efforts have been unrsmItting to limit BY
further sales the investment to actual wants but
yet without success did hope that the wisdom Of
pg Of Of these We could we'll spare. Or the four
teen steamers in the Pacific, but seven and tug
sent there willingly. The balance purchased to
prevent their being used aganst u.s. and for NO other
object. Almost one-fth OF the investment resulted
from the arrsngemsnt with Day Davis Brooks Co., and
purchased In the Pacific being thrust into the bust
ness Had Messrs. Davis, Brooks Co. placed there
the tonnage contemplated, the passengers would have
been divided between three or four lines and with
chance Of dividends to none. Bankruptcy for some
must have followed. At present We have but two
steamers of the ve purchased from them. The steam
in plain language, have cost you 1857 ooo less than
they cost the former company from which you bought
them. The investment in hulks, storeships, &c Was
by transfers from Davis Brooks Co. increased aSont
thiryix per cent, after the disallowsnce BY arbi.
traitors Of items amounting to half investment
at the time Had their claims prevailed not their
rightsthis investment would be half as large again.
The investment In Goals must always be large. Pru.
dsnce calls fer six months supply at each Of three de-
pots and this makes aggregate Of near TOO TONS
Our choice is between keeping six months stock on
hand, aud Trusting to chance and fuctuatng market;
and although recent visit to California CONNER
cia depression enabled to purchase 5000 tons at
little half cost universal experiences condsmns the
policy OF trusting to purchases on the spot Thsre Is
now on hand about eight months supply, including
purchases, and excluding Goals In transitu-and NOT
twelve months, stated in the report. In 1853
stock lsrsspartly because we fell her to an la
vestment In Goals by Davis, Brooks Co., Of near
$4,000.