The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-07-11

THE TREASURE OF THu nADr1sN RAILROAD IN.
FAuITER 70 TN AMOUNT OF 100000
This fact which has been rather more thai suspected,
at Sspsn s in hi. oey - Soad.x
s..nsstS sspo.t o. IA IL Director. va. rad BY
months ending on May 81 the total receipts vsrs
as5S64 o. expenses for working the road, S2os 1877
use et the Grand Junction Rsilrosd s1s 2O7 S. In
kursnce and taxes $o,497 SO Interest account $780,
Ss2 81 leaving TO srso ~, Of profit md loss os
IA from freight $103 sos o. Income from the property
Of thu Ioad sl7 io2 AZ Entire cost Of the road and
squIueut 004 10. Total valuation Of property
net ,eqni.d Tor The use OF the road 81 sos ITO 90
Total indsbtetness Of the company s. 2 Of which
e.msnd S253, ore Of in 1865, and
Mr 1horrdks then submitted tho folio wing supple
nettary report concern the transactions Of the Late
treasurer, William s. TuekermAu:-
10 TN STOCKHOLDERS TIK EASTERN RAILROAD COMPANY
LMtan 'sw Gays, and since the report now suom
has given rtormAtion to the directors that be has CO.
cesed them for many years In fact almost the whole
tine OF congestion with the company, and ID de.
fauer TOR large amount, which ne has concealed in
various in the accounts Of the company, notwth
s'sni ng the etre'ul and scrutnizug exsmin atoms
VIII CHI Fave frequently been made by skilful account
ants.
tine which incorrectly represented
tie toebs, ard since then has furnished more care
iay prepared statement BY which it appears that in
IRE acc ount his book called
suntry accounts, there difference OFF,. Sal iSo OIL
A.a,sd BARK being Tor bills which he had re-.
preseItec as paio, and which were not.. sissy ~
sss s G Which h: n.: for
tellstsYsl security Tor his own notes. 1850 co
In sdeitcn to this there is an over issue of
shout t.5 ehares, which at market price
u $0". oi,zoV w
Total. ............ 1907 ,ooe SO
TIE shcr,n.ss OF time since the disclosure has prs
vented examination OF all the accounts but We have
ressn suppose that be has given correct information
hrr ae.EAa 20 10 In hso
power 10 diminish the loss to the company by his mis-
eoncuct BY transferring all property under his contro
tns Of the directors, trast tor the company, h,s
dwelling toufe snd land 10 Newton. bouse IA Temple
tie value ot which he sstmsses a. about So oS III:
tonds IS 1reasUrer are for $4,000 There are also
os er n. Of property from which he expects large
The directors do not consier that the interests OF ths
stoca ho.eers would be promoted by more explicit
STATE ment at tie present time, but would submit the
yo,ed, That committee of stockholders be appointed
to the OF the company, and to Ike
sub relative so any desalcstons fraues
they mAy deem expeci lent. with authority to employ
counsel and such accountants as they may find neces
tsry.
the table ano Mr. VIM. Richardson moved for o commit
tie 81 tive sockf olcers to inquire into the condon of
the corporation, and report adjourned meeting
the 10Th int THIS caused excians debate. 10 which
Vim P.Ifors and Won. StuIeis. Of Boston. Huntington,
Of Salem, and Adams, Of Newbury, participated. Mr.
ACT f6iO some Oh uuoctCrS nOLnlng
road md have too much o.hsr business hand; and
thar rtey allure the free pass system to the 140tb
cousin. Col. Adams said that be Q director when
TucStl elected treasurer and had opposed him
unit OF his youth Mr. Huntington supported
Mr. ishardsons motion at length. The motion pre-
vsilec. ard the committee sele :ted follow VS.
Wm. Rel sIesop, of Boston; VIM H Brewster, New.
burypo,t Asahel Huntington, Salem; George NJ Browne
Boston; Henry H. Lsdd, Portrwouih; Joseph NJ Sander
son. ynn; and Levi B. Merriam Boston. They to
meet torsy end it is hoped wi be ready report at
ths meeting TO be held on the 3Oh TO whica
tie tot older, well ~ dire stors, will pass tree
In tie street the directors o. this road Freely
blsne6. trey at tie above meeting More than
sec is said gentleman from Salem applied to
Bos't broker asking him TO pun stock for him
in the Eastern but the broktr put such curious ones
tons 10 cerpiDg his knowledge Of the Treasurer
hat tie Salem gentleman went home without ordering
tie purchase. Il Is argued that il broker, knew
nucb. tie directors ought to bave known something.
knowing lsugh much at the sim piiciy of people
who ssk If the late TrtaeuIer has been q" taken up
Among etbtrs the yetersn officer Constable Clapp
hesrt inquire If be lad not been arrested, though
oft lad been committed aaainst the laws of tbs
cpwf s!ft, the morals OF railroad management
hac received come ftesh outrage
One thing worthy OF mention is. that small sale of
Eastern shares ut the brokers' boarp ye,terday showed
two per cent ADVANCE. Indeed, some Of the sto,k-
hoIcsrs toast that they feel comfortable pblebo
ton ised rat unceE the regular practice does when
the blood sops running.