The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-24
II can handy be believed that ZACH men as

q, q. Rowland, estate, Gfinpe,l, Minrurn = 70.
WI HERMAN Henry Griswoid,
Jno. HAggerty, :. Grosvenor,
Geo Crtifn = n J. woolssy
Legrand Cameron, Ssml Wilets,
Richard DeiaseId AR Van Nest,
G. Barstow, n vassar
Ball Black Co. Js. M. Waterbury
Isaac Bell, David Sears, Boston,
Jspbet Bishop, David Stewart,
WIN. A Booth, Francis Peabody, Bo'toa,
Asop & Chauncey, Peter Parker, do.
Brown, Brothers n Co. Jas. Reuwick, Jr.
Lno s.urges, D. G oliphant,
can DO parties directly engaged in ths matter;
and yet they have the power In their hands 10 bring
about speedy and satisfactory com pr smise. These
men are Identified With al the great enterprises Of
tie cay, ard with the growth and prosperity Of
THU grea. city. They are men OF vast wealth AMI
influence; men who could, IL combined. carry any
point In this matter, aud Quash at once such legal
measures ms have already been taken. We have in
this lst some Of the heaviest real sssate owners
and shipowners, some Of our most extensive msr.
chants and richest retired capitalists, some OF
Oldest and most respected citizens; and waen We
zoe such men permitting their representatives 10
adopt such course a. the President and Directors
OF the New York and New Haven Railroad Com
pany have In this matter we Ind what little faith
there Ia left in human nature seriously impaired,
and our estimate Of man regulated eat,rely by thu
influx OF dollars and cents. Apart from the moral
bearing OF the question, every man in this list
should. merely pecunary light. use his whole
personal influence to remove at once from our
courts the record Of such q suit. The amount each
has involved in the matter Is nothing compared
with the Injury inflicted upon the country At large
by such an example.
The New York and New Haven Hsiiroad Com
papy is represented by the men we have named
above, and they are responsible for its acts. No.
one Of them believes for moment that holders Of
the new stock OF that com paay received II upon
some illegal, corrupt or usurous contract with
Robert Schuyler or his hIm. they do not believe
that any of the holders Of the now stock received II
knowing Il to bs fraudulent issue. They kn,v
as we'll rs we do thet II was all received in good
faith, from the individual they had announced TO
the world was empowered 70 issue aud transfer all
stock 81 the com pany, from the Individual they pu.
into p: siton to practice great deception, II so In
clintd and who availed himself OF tina. pos,lon'tc
palm off upon the community a greater quantity Of
stock tran the law allowed. Both the old and ths
new stockh odtrs purchAsed OF the same In iiyidual
the same kind OF certificate issued In each Case
aud no way was pointed out by which the
public could protect themselves fom the miscon.
duct of the accredited agent OF tho compa.
ny. Having placed the community in danger,
| they rest quietly the course OF events.
1t finally appears thai the New Haven Railroad
Company have issued atty thousand shares OF stock
Instead OF thirty thousand stipulated by the char
ter. This Ia calculated 10 depreciate the actua
value Of each share, because the property Is repre
sented by q gre a.er q1aniity OF stock. To prevent
this less the Board Of Directors look about for th,
ways and means to destroy the surplus stock. i
therefore becomes necessary 70 make IL apparent
tina. distinction could easily be made between the
thirty thousand shares authorized. and the twenty
thousand mares of stock, and for that
purpose an accountant was employed, list OF each
| made, and from that time the old and the new has
bsen compelled TO abide by that classification. To
say tina. many, nost Of these results forced.
II saying DO mere than Ia generally believed but a. Il
star ds there Is appeal, and each mAn must fight
under the banter raised by other hands over his
| head. There "a no end 10 the injustice likely "
grow cut Of this business IL contested, and those
who ars active parti pa.ois n the suit to defrsud
Innocent holders out Of their stock, will be marked
In this and every other community Of honorable
men.
The 81. Louis Republican OF the 20 h inst. ssys: =
The extensive banking house Of Page Bacoa, ia ae.
cordance with their published notice opened zee
terday and fully resumed bufin@s operations. At the
cloe ~ the day II found that three hundred Thea
sand dollars had been deposited ons lunif@l
thirty five thousand paid outa gratifying result both
AZ regards the unshsken conhdsnos ~ exhibits 10 the
stability Of the house, and the evidence u sdduoss Of an
Easier state Of The masket From the bg nnng
entertained but it'll. doubt 81 the hnal soivency OF
this arm and shtiepasi snd expressed the spnon,
that early resumption would be the result In this
view the business portion u The community generally
eoncurred and beues the slight mnrmurinxs which
have l,sn sgdib,e since the suHpsnfon For ues
past money matters have been stringent and tie funds
locked up this hogs. NEEDED both ~ the own.r,
nd The bio yet deep was the conviction that al
would be- speedily and satisfactorily adjusted, that es
po.toYs awaited the time Of resumption With the most
couns ndf bic patience Yesterday morn pg, when toe
doors were thrown open, not the least symptom 81
run vas ob.ervable fev small dspostors srhsit
cd little anxiety, but the paymsnis fnads were almost
entirely 10 the routine Of leg tima.s business.
BY adysttiremsn, "a will Be ssen that hssaa Page
Bseon will offer Monday nert in Me- igr1, 800
Psilrosd, This stock must CERTAINLY become vaaa5s
n no Rad now IN proesiss o. construction can protni
| better business or lar. or diydsnfs, We sNni also
that Mr. Bacon sold out bis entire n'sfest 20 ~
Eastern divist of this tosi, (syng between ne'npe
s4d Cincinnati and continues merely a. the hnan.
sTept the wrstsrn end. Between tbh eiv Adj , y
eeples the Vork 4. nearly finished requiring nov OILY
,nsIl amount for its ents completion.
We have no disposition 10 review N. nsll IN -aAe'
n.,rs Dunesn Sherman Co disilngusbHf thetnseife
In this suspsbNtos transactinn. .bs Neu fOfA PRESS %
done ample justice 70 TIE So IouD hoass ana viN
that vs ire content. MsFsra Page Bacon have 80
boporabIy sustsinea In both etss and they siani =
cav n. Grmiy rooted In tho e0nnae5os ~ The pull
than ever tsfofe. Their turess unmpaifei AZ
Nth character and means sdegasts for an snafgs
business ttey must hereafter occupy proud sni ~
fui posiion AZ bshkerr,
Stock Exchange.
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