New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-11


To be Issued follows; To hold;
Lte Fe bonds and $50 bonds Stock co cents par
To boders If Mansfield and San.
Marriage 10 per ceut..... Stock the par.
To holders Of Huron and Oxford
sS pocn floating debt Stock At 50 cent. on tho par
Old stock in Mansfield and San
5usky City, (snd Hsron and Ok
STOCK 'Uts in MO- colrmiu. end Lake Eie
Road as consolidated Stock IS the par
The holders of LIST Mortgage Mansfield and Sandusky
CITY and Huron and Oxford, and of Columbus and
Lake Erie Ist Mortgage, TO surrender four Coupons.
Out Of first earnings to be appropriated $500 600 to
pay unfunded debt laborers, materials taxes, Nc.)
The accurate interests the bonds except lst Mort
gage is clessed floating debt, and paid in stock at
80 cents
The present Indebtedness of the Company is 1895,
$50 and the stock 81, $4,000.
Mr.. Abah Mann said that he had before been
made acquainted with the substance of the report and
had prepared a series of resolutions. He read them
as follows:
Re,c,red That this meeting do adopt and approve Of
the Report made by the Committee and recommend the plan
Of adjustment win the notifications proposed the Report to
the concurrence Of all parties concerned
That the form Of contract reported by the Committee be
adopted and the parties present will proceed sign the
ns whose duty IL shall be 10 solicit the various parties inter
eed the contracts and that their charges and
salon be ad listed and paid by the Receiver under the sanction
Of Court where the proceedings are pending:
ent belongs 10 confer the oAice upon him inasmuch tho
a,teniion meeting further request that
bic compensation be sufficiently liberal insure the services Of
q comp etent pensop.
Mr. Mann preceded to say that he need hardly re-
mark that this subject had been matter of very Sc
rous consideration, and there could be doubt but
that the property migh be again rendered valuable If
this agreement could be carried out As the property
stood now it was By many considered 10 be Of no
value; but be had no doubt that when gentlemen
came 10 find that this Yves the only way to make the
property valuable all would cooper -. Here was a
mutual sacrifce And why could they ask first mort
gage holders to sacrifice anything As they stood
now, these first bonds were of little no value But
If tie agreement was carried out, they would again
become valuable and negotiable. The second bond
holders gave up part Of their property to the
rest. All interests were in some degree protected, in
some degree sacrificed.
The resolutions were read.
Mr.. Camp Of Ohio begged leave to present the fol-
lowing series OF resolutions passed at the last meeting
of The Directors:
II meeting u the Directors Of the sandu.ky Mansfield and
Newark kaIoad Company the following Preamble and Reso
uficIs oferee and adopted:
Bfsas Ii the Board that an ,djouneo meeting
Of Coor ard Stockholders o this Company appointed TO
lie holden tie in The City Of New Yerk on the
l'ih Cav n jay e5 TO take into consideration what
EIe sTee u 10 b. adopted 10 place the Company
eligible footing i-debeduess stock And Aerea il IS
urctoet b ms boafd that Committee appointed report
70 said Gourned meeting viii probab among other things
con mead .aie neerE 70 insist UPON the spponent Of Re-
csyer y he Cou Of Common Pleas Of Erie County Ohio in
The case pnot IN said Court prosecuted By the Trustees OF
certain Mcase upOa the koai c Of the Company with GER
an powers - D. conferred said Receiver Ia view a
which prcpcsf uppfLtfnent Of Receiver and 70 the end
that ths pue a tie Boar n relation thereto msy not 30
rfuntsrtold 10 said Oh turned meeting IL 3 hereby
hssted 1La this BoeId Is the opinion that has not the
ntht rcwe o. pue for the appointment Of Receiver es
TrcTosec aIc ftl tecu the 0ckhOders creditors
Individually ,ech 10 consider that question himself aud as
there u Of opinion them ca that subject
a hereby furfLsT
heired Tia, this Board party defendant II the css. In
Which tie hece"r p.crosd 70 Be appointed aforesaid
viii bold e ed that question In The nreseu
end9n Of saairs bat vii feel itself duty bound respect
the wishes Of the interested
be made known th Board acfieu OF lie 80
adjourned efng 70 Be held sforessid o'her1ri.e
hoired That copy Of this Preamble and Resoluon. h.
unicetea to and caused by the President 20 Be aid b
sad soycCInsl meeting 70 b. held as Aforesaid.
Reielref That q. p Wright and T. G.. poodsnrd he Can,
nittee to proceed 20 Newly ok and il connection with G.
Camp Jay the proceedings Of this Board and Of the met,
pg Of stockholders ard bondhoders this day presete IN the
Board, before the meeting IN NsyYor tie 10th inst,
49, Attest, GEO b. WRIGHT, President.
}. W. sfRscuE Secretary.
The only exception taken BY parties in Ohio 10 tho