New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-04-09
Duer. The ,1 hours Of tae Session were consumed


ion hsi been bfop- BIT BY TIE plaintiff as stocshoier
in join stoe.. Corporation against the directors,
officers and agents Of ih4t Corporation, sverring hist
hey ID their Individual and ot,csl cap'cit' . had
use5 the moneys and availed themselves OF the re-
so,Irees belonging the stockholders OF that Corpo
ration for the purpose Of purchasing property, and Of
trsrsac,ing bu.ness entirely without the lus Ct their
charter and that in the transaction Of tha. business
the defendants had conducted the Affairs OF
the Copp.uy az 10 destroy the interests Of the stock
holcers and 10 enrich themselves and he sked of
II Court that thsse individuals be eLjOneS and
strsireo from any further proceedings in this uulss-
full nsnneT snd that tbs unlsvtaly purchased prop
erty he placed in toe hsnds q receiver Tor the pGr
pcse Of having il appropriated by sale to benefit OF
those 70 whom it belongs. Mr.. Upton then entered
Ito history of the case, and argued from the char
t.Is that the Company had no night 10 do any other
business than that Of transporting passengers and
uerct spoife acsoss the IsthDus Of Nicarsgus. He
pointed gu; the inconsistency in the sgermsnts Of the
Defendants that in one place fer one purpose hey
clsn ihat they derive all their rights ana privileges
fo the Of >csrssGs While In another place tor
nobe poe that tae saps are held uaser and
BY efcobsres sH. reference to that act
wCuo be found that l. eontred 90 power wnat-sef m -
merely snt5oIiog the restr.iion Of the shp The
~nh Vanderbilt, selsBs TO pay hin oneai'h Of
recipe for usnt be oouesTea to be the first TRANSFERS
son Of the powers conferred b the chArer ne sinsd
ss sureh..e Of The sssm.. in 6st be s.sed nothing
about The cost Of the vessels WIN Il "" expressly
Company ni,h, ,sy tine daring ths c,utiuu,nce
o. the buy the ,bps their cos, and he did not for
sis s55 ooo les. Paid BY the compsny Mr. Upton
g,ve minnie history the oe,on, OF the Company az 70
The 'oe.hoa.r Thi,h he eon.issied to s.ru
sl.ss',cp Of 70. d.fena,n ,s1 hey sbasd the
,.oek .beys The msI,st ges and th. .ad., Of zoe
Of the tsneon rie..sus VS. sboss the asurs :; Which
der oath eonut.d II you'd b.y- osn better 9I iam II
they had drawn those ad.vis He eonsdred alec,
roe, for AZ month. wss o.po,ed At no tins after SIX
months the stock above 80 ho~ then, eo1h NJ Wine
Conditions Of the sale OF the ssmho hoE coulf he h.ye
sold bis stock and m.ds some money ibe ,r.nscoo Ne
deblr and White ard the large o.a fom tie former % The
latter were very .sshe Mt 10 say the e WIN 70 .a
test beginning lie then proceeded TO notice the
hs sn ShiPss Il a h he'd to v.nds
while be tsd them million year Thy no. were run
nowhere the tbs, be receives for nssion' bat
that be merely 6snie. that be receives $40 eo PER
Now, Gsrr'en admitted that he received neny eoVO net
fcr bis eopmsons at San Francisco and the comm ct ,ns
eporny Of the s.ons Of Garrison in comPsri,oo with
the lsts paid b. the Pan.ms line to their asen" san
i.nS.o0: char s the eoSses BY which the serr. Nevds
zen in the line sheD her SwssI' ssesqs The SCENT; Of 'as
eeson she for hy per cent OF the receipts she now
n he Psese ' we're dmhhed =. il .ppe,sa on
the sfdsvt OF 1f Flint This explained why MORGAN vas
ssb s.ncl,co lie then viodcaisd the ehr.e,.r OF Mr.
Brisha The former agent Of the Company which he
tackled Hs thought II rather strange tina, Ar Ga rsou
VILE Ie'n. Go,s than 'i .noasnd .b SS sns
uG. 10 efisiate as MJot, at asrY OF - 10. "a lof
arc. sn. a. az satu. 'ssy u $500 more s.ds,
doing business Ms account IL was somewhat won
po. IS hours. he .hoad be gone nosth, New York.
&c settle beh he that he settled evey moath
Ne eonpsny Mr. White who welt to Farops md to wash
rstep 10 riegus man, time. should bs satisfied
h. aNfnus hIgQ lEk
ia for shave q dsnousust The pl.ntf he said
bso .eied non 1y oo h o sc az re eon
py He bao been long delay but perhaps had been for
had pened to that maturity OF corruption a, which wOr
Of examples ceased to te contagious.
The argument will be continued on II ,ndsy at
5 O'Clock Z n.
At Philadelphia there is no change to notice in
monetary affairs. Capital confines abundant, and
strictly frstclass psper is readily placed at Bank
ra,er.
At ineipnau the Money mark ct is es,icr. rir-s-
Glaze bueness paper is scarce, and be negotiated
easily at 10 to 10 CT per snDum. Easto<n Ex III .nge
is slow sae at to p c. premium.
At New-Orleans, the money market rem.ins in
abe ut the same condition. Strictly prime paper can
be negotiated very readily at 9alO cent. per an
um, but rarely on more favorable terms. Sterling is
9Q9t cent for first clsss signatures. Francs, 5.25
as.l7I Sight en- New-York, par and p cent.
discount
The Ner. O,ledrs Picdyune publishes the folio wing
narrative Of case of ssnoling said to hsve taken
place in Charleston, S. {.
3D. C. Nichols, formerly sbipmaster from Belfast,
Me- took up lie abode in Charleston this season and
bavrg good opinion of cotton bought mooefateiy
for shipment TO England, snd passed his bills with
shipping documents attached, principally through one
Of The leading Banks there
"A fortnight since the parties holding the drafts
were notified that they bad been refused acceptance
The led 10 inquiries and TO application az the c1a-
sisIets Of n Sarah Ann the vessel on which the
cotton was clipped all in order The examination al
once oisclosed most stup ndous fraud. 1t sppesrs
that Nichols had actually shipped 3Oe bales OF cotton
on the vessel but, by mesns OF adrot foryeres, hsd
tucceeotd in passing of bic drafts based fictitious
bills of lsding, purporng 10 represent property on
bond to The amount Of !. 4e3 bal9s, or neTly 200
noIe thsn The reality, being equal to money value
Of about 60 600.
.'Tbe process by which this piece of rascality was
accomplished whs very simple. number OF ANAL
MARKS were shipped--sAy from 20 TO 20 bales Of
facb-and bills Of laoiDg sgned accordingly, but the
blank space 10 the document sufficiently large to
prefix ESQ or 300 so that an original shipment of 20
bales or so made to represent 22o or 800 bales
as tie csse might he.
"In ADDITION to this. parcel Of 81 bsles, shipped
on bosTd the Roys Victoria, was chaoged TO 49,
and for auabt fiat is known 10 the Contrary, there
may siill be in existence some further evldGocs OF
the Gageci'N of this rev aspirant 10 hGsncia! fame
Befose lea ing Charleston Nichols left Instructions
TO pay over any balance tha' might accrus frol his
shipments 10 bis wife, resident somewhere a. the
North. II now iur3s out that he scot to Hayans-
having Teen actually seen there ten days ago
-
markets. ClREruLLr REPORTED yoR TIE TRHuSs.