New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-12

i.
\. A. Bacon y. Hs'en..i5,sJl
}. W. Iced, STANFORD. sfsri
There were some 200 scattering votes Messrs. Kim
berry and Bacon of New-IIaven on both tickets.
II will be seen the old ticket was reelected. But
for the detection Of some leading Newfork stock
holders the result would have been different We un-
derstand however, the present Board are disposed to
make some compromise of the claims of the so-caled
false stockholders if they have legislative author
ity for so doing The following petition to the Con-
nec,icut Legislature has been drawn up and left for
signatures at the Office of Brown, Brothers Co.. Ward
& Co.. Jas. G. Kings Sons dIiobbins II Co., which
we trust viii be generally signed and this vezed ques-
iion set at rest.
To n. Genvai A"e'biy u me STATE Of Connecticut nos ~
You iioners respectfully represent. that they
portion the original issue Of >oak OF tao Ne"
Haven Railroad Company, and Of thaf rhc CON
monty and BY thl. Company Recognized The sona
Of made by R0b-r; schuyler late President al Agent Of
,het CoEpsiy many seo9s question: nave alen - 20 me m
complicated suits pending the Court~ of he ate q New
YORK. and in the United States Courts for that District and
conflicting Opi0ns exit respecting such queOn snd
seyea years costly and tedious gston AMI probably
vii ease before The can BE- judeay determined dnns
which time your petitioners viii be deprived Of all income from
their LId The value Of the stocs .ef will be but e
than nominal and whereas believed hfge POI
not oil OF the fadueny issued stock . IN the hands Of bona
hte holders ard na portion can never De ileIIihea or y
separated from what nsiiered genuine and Ftcosnel as
sud that favorable time exists :0r asI and
l. Therefore sou petitioners pray thai the President sni D
Of the NewYork and Newia'en Railroad Company
may be swfuy authorized n their discretion 10 make
settlement and eopTome Of such claim. aud .lis'
,seh i5ssdaeniy ,aei sees sey sinai . s q, 10
capital stock o 20 ssue bonds
Thai al persons ding and owning the Stock Of said Com
ysny guardians oihers.e ia ucay capacity
BE- empowered TO accede 10 ami maze such
met .ete1nen ad compromise OF such claims and AMI
that you vii such other and farther relief and such
ohe and further authority in respect the BE-
.s and sdus sd matters. with the e.s delay sai expense
al person. and parties interested therein.
The Chicago and Gaena Railroad Co. negotiated
to-day with Messrs. Delaunay, Iselin 4 Clarke De
coppet n Co., and Strachsn Il Scott, for themselves
ard friends. their Second Mortgage Bonds to the eI-
tent of half million of dollars on satisfactory terms.
The proceeds ore to be used for extending their air
line to Mississippi. These Bends are at p cent In
terest rembursable in 1875 and have Il sinking fund
sufficient to pay them all off before maturity, TO be
invested in the these Bonds or the First Mortgage
Bonds of the same road as long rs they can be had
below par A considerable portion Of these Bonds
were taken on foreign account. No more bonds Of
this issue can BE- put the market before II, Decem
her next
In relation to the rumored troubles between the
Erie and Central Railroads we have the annexed eI-
planetion from friend of the former road:
The only disuuion which has taken place between
tic two Companies IN regurl TO the rate of fare
charged by the New-fOrk Central to New-fOr. via
the Hud,ou River boats The New York Central are
limited by their charter 70 two cents per mile this
amounts to g. from Buffalo 10 Albany from Albany
10 New-York the Peoples Line charge 80 cents, while
the opposition boot charges only . cents. This max
the total charge from Buffalo 10 Newf0rk via steam
boa.s g. 20 10 e. %. The NewlOrk Central pretend
10 tieket from Buffalo 10 NewYork via HUDSON River
Railroad al ., and via steamboe; a =. The few
travellers to whom the local fare Is unknown made
IN NV e for the same tickle, which the Oh
tnif, for g. 20. The Ere Company has for three
yeas permitted tie New-York Central to monOpOliZe
he greater portion OF the Western travel By allowing
theul 10 ticket over tie Hudson River boas at from
81 70 g. 50 under the rates BY railroads. At ast the
En-, Company gave them notice in the most amicsbe
masrer that they could no longer submit 10 this. The
uripcipe which hey contend for snd which they Will
no, depart from Is that between any two points COM
MOI 70 the two roads the fare must be the same By
eihfr line, be longer shorter, De II entirely by
rsilped partly BY water. The Ere ONLY desired to
N axe one Inferior line the rate at which they
carried b. hst-cass line, and for all the other traffic
tley deslrous Of keeping the rate high as pos
sbk This lust request he Central refused to consent
To- threatening shat they would carry by rail al the
.aue price the Ere Railroad did Whatever the
line. They contended that the river communication
natural advantage possessed by their line against
With the Ere ought not TO contend. That the Ere
had undoubtedly the right to by rail az the same
rate they carried BY rail- but not at the same rate -
bv ii and river. The Erie told them that this prnci-
pie could rot be admitted by them, and that much a.
they regretted any rupture with them, they could lot
depart from what they thought Justice and the lners.
Of der stockholders dictated When the Central
found the Enew determined, they came TO them and
conceded the point and the Erie is now, by arrange
meui, 10 run second-cass train at g. 90 and al Their
frst-class at 81.
These the simple facts of the case, and do not
perceive how they be made TO infer that there Il TO
be any runous contention between the two companies
If the contention takes place il viii be By the scG0no