The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-16

Simeon Diapers regular semi weekly auction sale
of bonds and stocks will take place to morrow,
at half past IL o'clock at the Merchants Exchange.
At tue second Board an advance was realized
throughout the market generally. Indiana SIS i'm.
proved per cent; Virginia 6s, /; Louisiana 6s,
!; illinois Central Bonds, Ii, Panama Bonds, l;
Nicaragua Transit, l.; Cleveland and Toledo Rail.
road, Ii; Erie Railroad, Il; Reading Railroad, l.
Panama Railroad, 2. Since yesterday morning Pa
mama Railroad has improved five per cent. The
market closed very firm, with q strong upward
tendency.
The street was full of rumors to day about the
proceedings instituted against the Nicaragua Transit
Company by person named Allen, q former agent
Of the company. The cause of this movement Is at
present unknown beyond the source from which it
onanated; but We have strong suspicion that il ia
principally for stockjobbing purposes. Personal
spite and prejudice has undoubtedly something to
do with il. That the whole affair will end in
smoke, no one can doubt; and in the meantime we
expect to SEQ the market value Of the stock en-
HANGED. These matters are too transparent to at.
tract much attention. and the courts and lawyers are
3hs only parties who are likely to derive any benefit
from this. The company have, in our opinion, made
mistake In noticing the matter, officially, through
the press We annex the official statement
NICARAGUA TRANSIT CoxPASY-To TIKI PUBLIC.
In reply to the frequent inquiries made OF the Aces
OF Daniel b. Allen against them, the undersigned will
state that Mr.. Allen has served copy OF complaint ON
each OF the officers and directors Of the company The
eravamen Of il Is that the officers and directors have
been fraudulently msmanagng the affairs OF the com
pany his prejudice stakeholder The complaint Is
q long paper, Ia printed and must have been In
OF preparation for many weeks; yet Mr. Allen was not
stool until the 10th inst eve days ago. when
the Mess Hays transferred to him hundred shares
and two days afterwards four hundred shares ALI
the fac therefore, were known TO him before he pur
chased the stock, and his determination to commence
suit was hrs formed and the stock then bought. For
what purpose bought We leave to the judgment OF
those who know Mr.. Allen. II Is alleged in this paper
vrtuay that the agents, officers and directors have
been frsudutnt!y Incorporating the money OF the
company that they Illegally issued 40 shares OF the
capital stock to purchase the line of steamers
act agents because OF adverse interests and want
OF integrity that the counsel paid some $40 600
per snnum for services purely imaginary. We need
OF examining into the company's affairs, that
the complaint, whole and in its parts
is unqualihedly false and hbsous The complaint was
accompanied by injunction restraining, not the
company but certain of its officers, from appropriatux
ths oompany's funds 70 their own use; from paying
any money account Of the purchase OF steamships
from issuing more stock; and from making any new
eoatxscts With Charles Morgan or c. X, Garrison 70
act the agents OF the company. For the whole.
sale SANDER and falsehood in this complaint Mr.. Asn
VII be held answerabls in any and every manner which
may be permitted by the law OF the land. II may be
proper to add that the injunction Is temporary, and
Until We " show cause" (the 26th inst which
soau thea very quickly do and that IL does not at all
CHARLES MORGAN, President
TH0S LORD, Vice President.
ISAAC G. LEA, Secretary.
JOSEPH L. WHITE, Counsel
JOSEPH OGDEN Director
TSs transactions at the Assistant Treasurer's
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