New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-11
was no hope Of tcal termination Of these suits lie
related ore D al had continued fifteen years.

ee'era discussion row arose sDVu- INC noH' VI
=. r,ics to occupy tie time Of the meeting upon
matters not q, all pertinent to the busine for which
tie meeting was called.
Nj Moves stated in answer 20 a question, that de-
osion was aimed al to settle tLepnncpe a. 70 whether
the old stockholders are liable for the Schuyler fraud
He was satisfied they were not
Nr. s. ID. Bradford Of Roxbury, Mas, proposed TO
make few observ ations and called by the res
ident TO the platform. You will zee what null state-
rnept Of facts your present Board have given you.
surpose tiat during the trih other imporan; dis
closures will he obtained. hold proxies for about
fifteenth Of the whole stock and ! am satisfied that
our suit Of injunction should proceed TO determnl-
.:on The course adopted is tho only just and honor
able one / never have met but one s'cckholder who
was in favor Of compromise. We have been told
that if we would follow tie Parker Vein Coal COni-
pany or the Vermont Central Railroad and assume
the spurious stock it would lead ne out OF
oil our difficulties. II would have led Us into the
same condition OF those Companies Recently the at
tacks upon the present Board have been yruent par
tculary in The Ner- York HeraH, npon the old stock
holders. press governed by principle IL great safe
guard Of the poopIe-not 20 q venol one. Attempts
are becoming all too common Of influencing public
opinion by such venel presses. What have the share
holders done to call down the denuncations Of the
press upon them. They have denounced Robert
Schuyler swinder and for that the press denounces
us because We won't admit this fraudulent stock TO
participate in the affairs Of the Company.
Mr. Is. was interrupted and called TO order, but
Permitted to 60 on. He said that a contest with
Wall-st. was not one that he wanted But he was
not in favor Of any compromise with the holders Of
the fraudulent stock issued by Schuyler.
A Now-York man said: We have attended here
year after year discuss which the more moral.
New-York or Connecticut. ! want action upon bust
ness. want to offer reeolution propose -
merge the Office Of President and Superintendent.
We are not able t. maintain many officers.
A good deal of confusion and uneasness now ensued.
Tie majority were evidently anxious TO go into an
election at once but the President announced that the
telers were not quite ready and gentleman under
took to speak, but the noise of two hundred uneasy
men overpowered him and be sat down, while every
body else got up and began moving about and talking
among Themselves The meeting had evidently heard
speeches enough. A recess was now moved TO pre-
pare ballots for an election OF a Board of Direct
ore There was good deal Of figuring, but the
was finally agreed upon.
The following s the ticket voted for by those in favor
Of excluding tie fraudulent stock:
characterization Gray Dyar, New-York; Den
MS Kimberly, New-Haven; George A. Miller, New
York; Jusus X. Buckley, New-York; Monoure Rob-
inson, Philadelphia; Peter 7. Homer, Boston; VII
liam L. Lyon. Greenwich CT; Nathaniel A. Bacon,
New-Hoyen; John w. Leeds, Stanford.
The following is the opposition ticket
Direcfors-Wm. A. Booth, New-York; WyLsj
Blackstone, New-YorS; Samuel Wille.is, New-YorS
VIM. w. Boardman, New-Haven; Nathaniel 4. Ba-
con, New-Haven; Denn.s Kimberly, New-Haven
David 7. Judson, Straiiord; Roderc Curtis Wallins-
ford; VIM. u. Burial, Bridgeport.
The President called the meeting to order at q
O'Clock, and stated that the voting would 90 while
other business was transacted. In answer TO ques-
ton, the President stated the following the salaries
of the different officers President 5000, Treasurer
$4,000, and Secretary sl, 500 per annum.
One or TWO cieIhs have been employed at expense
Of goo 1000 10 trace the frauds upon the books
No other officers are employed except by the month.
Fifty thousand dollars would be saved by more
liberal course in employing suitable officers.
A gentleman asked If the company could get rid Of
the losing Canal railroad. Mr. Dyar answered that
the lease was for fifteen yean perpctusa as might be
determined
A great many other questions were asked and
swered but lie noise was so great that but few
them could be understood at the reporter table.
Mr.. Dyar stated that the road gives free passes
now. There are some held by contract.
Mr.. LatLers Of New Rochelle moved to abrogate the
privilege granted NORRIS Kechum to pass over the
road, with all his family, which granted him some
yoars ago by vote of the Board of Directors. The
resolution was made to include ali other persons The
question was spoken TO by about twenty at once all
standing. Mr.. Phenix moved to lay the resolution
the table This after confusion not carried,
and after getting the meeting seated the resolution
was brought before the meeting.
A al x.hx tla rixia
het it was in compensation for valuable services
dored. Mr.. Laihers contonded that all such grants
should cease forever. II il better to compensate
ices at once. lie said there was c disposition the
part Of stockholders to ride Free Ifthat carried
out il would absorb all the earnings of the road 4
gentleman stated that he had been director, and said
Mr. Ketchum held the right by contract, well an
other person to whom the privilege granted &C
count of an injury Would the Company refuse to fll
fill these contracts.
very irregular debate ensued here upon this ques-
ton, which was finally adopted by very strong vote,
so that Mr. Ketchum and all Others will have to pay
fare hereafter. The object Is 10 allow no dcad-heads
whatever
gentleman apparently seemed DESTROYS Of passing
a resolution against running passenger-car with the
Sunday mail train If the stockholders pay no better
attention to the Sabbath than they did TO his remarks
they will not be much hurt by the Sunday train. No
question as taken upon the motion.
Gen. Kimber,e moved that the next annual meeting
be held at New-Haven. This was carried, and so vas
resolution TO appoint Stephen ID. Pardee and Henry
White Auditors Of Accounts.
In answer to question of a stakeholder, the Pre.i.
dent stated that claims for $780, 900 were still unsettled
for the Norwak accident The amount already paid