The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-01

Vioedu VI iouI per cent the Long Island Back q
semi annual divicend Of FIVE per cent.
Tbs Erie and Northeast Railroad Com pAny have
declared q dividend Of ten per cent for tho pat
year. The Massachusetts, Cotton Mills of Lowell,
have declared q semi.snnud dividend Of three psr
cent The Maverick Wharf Company hsve dec!s.
&c dividend Of two and half per cen. on tha
eorniDss OF the last elk months.
The Boeton IJautiier OF tho 30th inst, ays-
The money market has been ess favorable Ia hor-or
during the week. ano discount rates rang, from .
70 per cent per annum higher bu. there ID stu "a
abnnc ancs OF capital for every desirable paper ct
figures. The minimum rate may be stated ct p.r
discount more sparngly IN consequence o. tolsrAoy
large drafts on their specie reserves and tho general
feeling has been that Of caution No apprehsns0n OF
decided scarcity money but the expec
tston Of more active operations In the movement Of
the crops, ard The increase OF business taasac 3ns
generally induces our bank and lead Gd4u
cieTs to with greater watch funsss Wb.thsr the
anticipation Of larger demand for money j. realized
not the effect os an agitation Of tho queston is
restrict and clog money op rations mora from
this than any thing elias that the pr-asnt s<nt
change 10 the condition Of our market
The BSston JouTna, Of the 3Oth Inst. gives the
following report Of MEETING OF the stockholders OF
the Eastern Railroad Company. The repor. Of the
committee on the subject Of the Ia % frauds was
very iengthy:-
Ii with the charter Of the road in 1896,
building OF the branches OF the road saying that the
whole they have essn plo.perous But OUTSIDE opera
tons have worked differently The drst the loan 10
the EAssx Railroad, which 1t ars, 800 900, Oh,
which amounts to $3.50, 9ar and which Is secured
loan the company over $500 goo Of the
bonds 81 tbs tSssx Company The franchise and pro-
perty Of the 1ssx viii PROBABLY soon become the pro
The next OUTSIDE operation. which has not proved I'D
yant.s.ous va. Tbs taking Of thousand shares Of chs
and ia now priced ct $50 share. The next Vas the
purchase Of the South Reading Branch Railroad The
history o. .h: s ran va, :, sshss.'sa .aa Va
Of the business on this road have never paid tbs running
expenses.
The next outside opsusson was the purchase Of the
saugus Branch roAd. = was originally bought in SELF
defence The cost IS estimated 1t $50 600, of which
$40 In unpaid.
The neat was the purchase Of shares OF the Graa.
Falls vnd South Berwick road ct 800 SHARE and also
suarantes'ng their bonds TO the amount Of 100000.
The stock OF this roa3 ID not OF sufficient yaus pro
tect the debt OF this company.
Tho guaranty OF tho bonds Of the Grand Junon roa!
70 20: h IT, .na s
Tor the Eass Boston Ferry Company 70 tbs amount Of
sl5, 0co 10 also safe.
Inc extension into Boston next ag led to- aad u
was said 10 have cost Sis, 5O4.
Tie report then spoke the present coalition OF the
corporation, commencing with illusions to M Tucker
man Il Alludss 10 the many commsndstions witch
have appeared IN print 0! Mr. IuckermAns honesty and
system Of BOOKKEEPING, and quotes largely from the re-
since OF which Mayor Smith chairman. The
ner Of keeping his accounts has been endorsed By he
directors CT the road anc BY skui accountants q: d
fsrsnt times, AL examinations seem 70 have been carried
with the idea that fraud could be found thereto
But TIE blind have led tho blind, and both have ALLEN
The report says thst Tucksrmans books kept Ia
the rsost loose and careless manner; be kept
book but made his entries oste pocket
rsres &c The over Issue, IL thinks, viii not exceed
ota shares, The only way 10 Ascertain the precise
pev n MAJ WI 4 rec al
TIE amount Of notes USED by fucksrnan for bis bens
o. H. far as can be asceyAaed SEQ so IL may hsvs
exceeded that amount, Ths cash applied to his own
use amounts, j. A. can he jucgst 10 tfiO, go.
THE other than that received from stock and notes
he full disclosures on this point tns Fspor; thinks
will be male.
ms total amount Of Tucksrman entertainments are
said 20 he 81 least ~ follows -
Amount received by him from sales o. over Ia
sued stock Averaging at par, 60 shares 800 Jco -
Amount received by BIN Of over issss of no,ss
far hs AscsrAIz-i c,soS "
Amour, Of the Conpsny's cash used By tim
Amount received By him growing ou. Of n.
cnlawfuI psdses OF tbs compsnys sotss., 20. %
Other deficiencies net explained .....s.Y. i,eo3 l6
x.lps Al .,rr.4.,. Of .............., au. so5 q.
The total amour. Of the dsfsesaons %. iovG By
the report At tzs5 3o3 Ths property gysr ur BY him
% nee, this 10 sstms,sd =, $40 400 which, dss,.st
from the above, leaves io-s Of ei55 sos % the con-
rany, There some other resources which tie com
pspy not ~ liberty ~ msks public n present. And
realized.
10 seeosntir for the manner is vt:s Mr. Tucts-rsa
has cypcseeo tais large sun the comn!ttes nsa,etec
transactions IN real estate, ae 10 the amount Of tisc
go. The balance CT h deficit mn-. " accounted fcs,
- AL BY the pAyment Of large sums Of nssrst beth
regular and extra, and By hin ossss By cp~stlons IN
various stoohs and that bis speculation in there stocks
rust have been very heavy viii be Inferred from tbs
.ac. that between the lin day Of Dscseer 1850 and
the 13th day Of August 1851 Inclusive ths Ho.ss givsn
b. him 70 single Individual FOR noesy TO him ossst
a. hsh rate Of interest," amounts IL tie sgx-sfs,s v
the very respectable sam Of e27e.323 ~.
Tbs repert ends evidences ~ fya=i sts pr. II
the cecso, present past but he quest e. gross
pessec' Ga thsu part leaves 70 ths tsrs tEsu
selves.
TIE tharrss agA.nst chsr 2!oye. hsvs 800 trvsa
.ssWd, an tounc 10 b. groundless
3ts report also fncs fault With tie system ssss EAs
aoyst tbs o1srs % the road - be ensNs>i r. ether
tus-s-s, vhs, their A-s shssh al have tssa sivsz
. 1s rcsd R<ssrsocs specially made % VI hins-
msn, be sap>sir.~ntest ~ho nc~ Der 81 TIE L.
g.ssiure last winter u slyo usahs6 NJ Eir.nss from
tte ehs-gs hat he hAs r1sis hassk Eses a. 90
rs<yt tsSsss.
=. sas-cssl condition Of 10. rcad vss then stated
f7Govs la debts Including Tucs~rs1's ass 81, s-s
90 lie 3t9 10 1es va ~ of pso2sr<y .hteh ss ssss
az o. past % chs p&ypsr, Of tAis S-tt ineisfiag
-1eksfrkrs rs9psrty ssc hoe "a 80 - - 81 72t
90 81 svirs btl,nes % tssi VI sss as A. The In
tsr-~. % vt.h u v b seort3et Ter An ssun.,s q
Ia oaSac.y a. tbs rssd "a nsss tie iatsrs<, t.D
80 -.