The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-12-05

particularly the fact that he genuine stock
and lie speskcr) desired members to know VIII, it was
that came t. meetings TO advise the company He want
cd that they .shouid that the late eloquent
speaker also spoke for much Of the spurious issue.
Whsb, therefore, ut gentleman seemed to think 1t
iuporsnt that every should know that he was the
proxy OF good stock he (speaker) thought equally
important that the other side also should be out That
gentleman stated that be works without interest pay
but the speaker could him that ne had insensby
became warmly and deeply interested In behalf the
stock He regretted that any suffering should
from the napacices of schuyler but he could not in
consider alton OF these sueings be induced to be advised
and connseled by them TO the disposal Of his rights
the anvice al the eminent counsel that the corporation
had employed He would only allude TO one other mat
ter, and that rather personal. Tho gentleman at
vbe meeting In September, in arguing for an adjourn
ment q dscisien on this very resolution stated
M BE1s hastily jumped up, andinterrupting asked If
the speaker referred to him.
bad UNI c,stnod MIR. Bet,s to-
Mr. BIars, with warmth, denied that at the time re-
te,red to he hal even voted for an adjournment OF
The question; his argument entirely the
other way. Ee denied emphatically that the gentle
man underwood any such thing he would insnuste.
Mr. BuIKIhy certainly had understood Mr.. Belts
adjournment because many Of the holders Of spuriou
sock would osr ,s take fy cents in the dollar He did
not consider the meeting posi- ion to talk about
promise II "A when counsel get up and
constitute counsel judge and jury the may appear
smpe In the extreme and very clear, and some weak
pnced PERSONS might 10 strongy imposed upon; but to
persons who gave thought to the business words OF
counsel employed, had but little weight other than as
II
at tie 81 legal meeting after the deveopement of tue
Schuyler fraud. to be the true to the
company, and just to the parties concerned He had
watched the entire proceedings with lively interest and
had found nothing to alter his views. II that PROPOSE
iien acceded ii would be used every to
defeat counsel who would be told that the stockholders
desired mpronise rather than the chan of tga
tion. For his part, he was as ready as any
10 compromise, If it could be shox wa to him
advisable and practicable--if the holders Of
spurious stock met together and organized that
tboy could make definite prop ,siton Tor the company
10 act upon. He ented at considerable further
length upon the wckedness OF Wall street Dealers and
wound by advice to repudiae the stock and
refuse adopt the resolve.
Mr. DE1Ts answered, reerating few of his former
Ierarks but pre- entitg thing new.
The ques ton then iouoy called for but DR.. FoorE
of New bavep, and declared hat he could not be
put down, although he had been He had no
faith In New York city courts, and cited tho Of
Judge Stuart showing the existence of corruption.
be believed the lawyers were ABOUT as bad and Wall
street brokers little He secuted the ieea Of
paying attention to what said by those whom he
ceDonin"ted st bogus no ders" and believed that the
Mechanics Bank held only because they did MT
pec to gain their appeal and wished to specu
lse. When offer of promise Is made then Ii time
enough to decide to accept toe terms.
On his withdrawal the question on the.amendment was
put by be chair, Messrs Chss. Robinson, 3 D. Pardee
and Adrian d. Ferry acting tel ers. The following
the result
For poetpone ment. OBSERVATION-DISCLOSURES. sys snares
Against 90. OBSERVATION-DISCLOSURES. o,Vo -
Majority In favor of post popemcnt. 037 "