New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-09-05

ut.s 10, tho purpose ~ ssk,aa so no remarks.
~, fsote mrused The ,eq"ssi, ""d i"a''ed "P"" h''
Gov, Cics,eiand attempted 10 speak, bat was
called a. orcr by tho irsinnt Who asked u 'ho ~
Ton io adjourn had been seconded.
pt. foobs motion waa rceondcd' wh.i rnguy
d,srussion afo,r upun Tho prop ley OF INC a'y'in'
n,nt In which tho doctor. Mr.. tleavriani nnh Mr.
bacon engaged. Mr.. Bacon was OF the OPINION thit
harmony wnr needed between tho original ana -pn-
rous and that the matter No bei're the
mcc,ip, should be fairly and candidy discussed ut
tbs time and not delayed.
Mr. Cleaveland was also of the same opinion.
Dr. Fooic, seeing the opposition 10 his no'ion' WIN
drew IL, and IN rather an III humof "hhure" hn'seH
from the meeting .
Governor Clsaveland now rose and addressed the
meeting at come length in favor OF an auiicaole al
jusiment of the affairs OF the Company protesting
ainst the fee, by some IN favor OF free
foh Sthuy Ter had proved himself knave Applaus7l
The Coupany is row involved in litigation aud II
we ct uo smeLts in favor, our stock cannoi re
benefited thereby. lbs exRer.encs a. lawyes was
not in favor OF sw-suiis. He made thi- proposition:
Let the holders Of the overssue surrender too shares
of TIER stock receive Their tor one share OF genu
ire In thus way, with the facilities the road has for
oopg business the stock viii In one year be worth
orc hundred cent? on the dollar Otherwise Il will
1ot be worth fifty. lie was strongly IN favor OF al
arrangement Of This kind, and Thought the meeting
to-day ought to open the door Tor IT, Ii was for the
interest of all concerned to do IT, The road I, the
be-t in the country and with proper mana ement
must increase in value. Ali that we have got 10 do
10 TO get out the best way we can, OF scra0e which
an III princped scounorel has got us into, and all viii
be well. Our only hope Is IN accepting the act under
consideration.
MI Ceayeland's speech was OF intervals loudly az.
plauded.
TIE Rev. E. A. Buckley next spoke He was OPP
posed 10 giving tie Directors the power to npro-
mise and thought the spurious stockholders woGld rot
accept of com promise if it was extended 10 them
He did not believe there was man holding spurious
stock that believed in conscience that he hal any
l. Al Ii. 81 afrcl-
were abused ard assaile1 by them and had 1eeo from
Ire commence ment of this controversy They even
threatened take their road from them, but be saw 40
reason for the least ALARM t1a such would tie result
he no ign of it, He spoke at length 10 opposition
to any measures having in view c1mpromise OF the
matter. He believed that when they got olt OF the
conupt atmosphere o. Wallis. into the pure air o. the
country, to the Court Of Appeals, they should have
justice done theml-tbai was all they asked. lie
thought they ought to pay come regard to the doc'-e
of their fathers millions for deiease, but not cent
" for tribute
Mr. Asa Bacon said few words in explanation Of
bis position. The lady whose stock ne represented
owned equal share of the genuine and SPURIOUS tie
vas counsel for neither party.
Mr. Bets of this City explained the meaning of the
law and referred TO the assertion that the hoders Of
spurious stock had no claim. VIVA was their POSITION
then Their claim rad been tested in several ofthe hih
est Courts ard decided in their favor in every instance
He spose at length in reply to the remarks OF Mr..
B., and examined the grounds OF the validity OF his
ceptirg this aw-it merely gave them power to settls
this controversy, which power they would not other
wise possess 1t was not worth while to adjourn with
out fakirg action in this matter-put yOur-eif III
position 10 compromise, if you have the opportunity
ard tlen adjourn. Mr. Bacon was frequently inter
rupted With applause.
The Hon. +. Cleavea,d moved the passage Of
The resolutions and said he would say few words in
support of the motion He flung back the insinual0n
thai lie had been secretly employed advocate either
sice of the question-he had spoken with bat one
man on The subject before coming into this room aud
Lis case was 10 The hands of Gen. Kimberly. IL he
had been in collision with any one il was with Mr.
Noyts, Of the attorneys for the COMPANY. He vent
into causiic review of the speech of Mr. Bacon.
Mr.. Bukey replied briefly, and concluded his re-
meIks with motion to adjourn, but Withdrew 1t In
order TO allow Mr.. Belts 10 make 20 ne remarks.
Or. Foote having returned rose amid cries of
" question:, " question" and said that he wished to
give shot history Of The matter Cries of ORDER
"ordtr."
The Doctor insisted on speaking, and went on TO
give the bis DRY Of the natter 10 the of his
rem arks severely rappiag the New-fok stockholders
He at length concluded, when sundry motions to adj.
joun We re made. Amid dosutery debate a motion
was made to adjourn the first Tuesday 10 December
al loon, in the same place. Carried
We mex an official statement Of the receipts AMI
disbursements of the Erie Railroad Company for the
line months ending 30 h June, which shows some
favoreble features. The expenses it viii be seen, on
larger busine's, have been slightly decreased. The
net ca, hinge for the nine months s647 500, against
e;95,72 gain of sl97, 43l. This ia not so lage
goin rs hoped, but this disappointment is mainly
owing TO the failure of the crop of last year. The
present crop IT, is well known, enormously iarge'
and the proceeds of tie bext nine months wil snow
very different result The fgures shoT an increase OF
net earnings Of trife over T. cent on the capital
and an aggregate equal TO dividend Of abou, q Y
&C, t. or g. y cent for the year. Ofthe net earnings
s3j Geo Per month have been absorbed for the last
seven months by the sinking fund. The figures are at
follows