The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-29

AZ low rates But II II pueris to assert that
directors did mot obtain high rates spite Of oirsum-
stances which they could not control.
mead not inform intelligent stockholders that there
s another company which has regulated this matter
that they must be willing make fair ana squta Ss
tract with that eompsny for twelve months asd ss
bonus sssented to unfair terms for three noaths b.
in order to have fair and UNIFORM rates for thu remain
ing nine months. We paid over large OF money
sS. no sooner was that done than measures Vi:
would pronounce justa.Ss a. effort vas sssn sssas,
passengers By lower rates but they have failed sst
the majority An attempt was uasde to nsgofa-
gross reosps Of the two companies for thsnssvs and
that should pay for the maintenance Of all carried
oss o sSu
one bali Of our rscsipts would go to them
previous bargains we're set aside BY the other company;
route and your steamers enable You to dsnand fair
terms. Unless We stand firm this ground, ~e viii
Sy the opening Of tn Il. Pans%. R.roaa
every steamer has afforded evidence Of your ability to
ss Or ss and ssv s.
San Francisco brought seven hundred and thirty
passengsrs-fsr exceeding the number by tnsI
to s25 above theirs ;' and we have made
| paying trips since the balance sheet present.
company
have at times taken passengers San Frsncisco low
as 800 each We do not despair Of obtaining equt
ceed il unauthorized publications be made by party Of
our own stcckholders, and We betray an imaginary
weakness BY underwriting our own strength, and BY
concessions unwarranted by equity or by circum-
stances.
1t is evident that feeling exists among some Of our
on the part OF the Panama Railroad Company We deem
just TO say, that whilst, owing to their charter they
ant
declined yet to reduce the rate of passage below $26
on your PASSENGERS crossing twice month, inasmush
road-they have decreased charges for baggage, and
otheswse promoted the procuring of passengers
the $25 paid being about half the cost tran
sit Of the sthmus to the passenger times Of former
opposition and certainly with increased despatch and
In conclusion, will only say to you that there is no
yiousy engaged the confederation Of your directors
There are many subjects which from regard fer your
interests they would not make public They have
proper place the records OF the company
wbsress, pamphlet entitled sRsports Of Committees
OF stockholders of the Pacific Mai Steamship Company"
having been published by such committees without the
approval Of such stockholders, be II
Resolved, That the contents OF the same thus made
public deemed by this Board luxurious to tho inte
rests Of the and subversve Of the influence
which should properly be exercised by their Board Of
It is impossible for body Of stockholders holding
sonal meetpgs to Judge well those who have
their interests during the year. Of thu gross mpropey
Of publishing to this world without your consent state
courtesy and reliance on the force Of those ssatements
would alike have dictated the propriety of first submit
deem DUTY before you to ds.yyoa aay agency Of
your directors IN spreading before the public pam.
hst not BY you and calculated to produce
Upon this resolution other suggestions offered
icr and against, and the debate ended with carry
ing the motion Of Mr. Grinnel unanimously.
II then moved that the second rsasEA
=, m 'pS ass os sd5mesmtee Of i've said commttss
having been appointed at former meeting Of the stock
to arbtrsts between the Pacific Mail mshp
Company and the Nicaragua Company. This report
went into full acsount Of the affairs OF the company,
and nduged in structures upon the President and
Mr. WmTmousE defe nded the report. he thought 1t
dscourteous reject the reports which had been
and ride rough hod over the interests OF the
Mr.. DEHos slro supported the report.
whole discussion be postponed indefinitely, IT
likely to lead TO q rapture which would be regret
tsa ted All II had gone on smoothly SO far and unity
Mr. MANN, in short speech, thought the action upon
this report could effect no good but 1t might lay the
The vote was finally taken viua uoce, and the report
rejected by large majority.
The following resolutions we're then offered
Resolved, That confidence in the officers and d.
rectors Of the Pacific Mail steamship Company unm.
their exertons have been ana viii be used for the ad.
vancement Of the interests Of the stockholders.
Resolved That the communication Of the President to
the stockholders and the proceedings Of this meeting,
be published and sent to the stockholders.
1hz above resolutions were unanimously adopted
Mr. wmrmoUsE-Mr. President, bave been compli.
mented to-day BY having my name on committee ests
don't believe can be Of any service to the stockhold
e1s, acting upon that committee, wish to withdraw my
Mr.. NoRR1E-I am also upon the same committee, and
Mr.. GAILARD, Jun.-Mr. President, shall also de.
cine serving upon that committee
Mr.. DIHoH-Mr President, am also one Of that com
mttse established by the resolution just passed TO dsy
sis to say that We four or Ave gentlemen
here Represent four ave hundred dollars In
this concern, and We may be felt am no layer but
partition. but do hope We shall not Do driven to
that We have acted towards our opponents
for the resolutions which they brought IN here today.
These resolutions passed unanimously. How have
Tssy Ssve voted DOWN that have offered
1t Ia easy to understand this Of action. hope
We shall not be driven to extremites.
| Mr.. GRINNEIL Mr. President rise here to say q
few words in to the gentleman who has just sat
down. If the gentleman insinuatss that there is any
him, throw back the insinuaton with indignation in
his teeth -csme here ignorant OF what the affairs Of
pointing Mr. Dshon and my action has bsen shaped
BY that What does the gentleman mean BY partition
enS hope misunderstood the gentleman.
Here the cries of Order" order" put an end to
Il was moved that the vacancies in the committee,
caused by the designations OF Messrs whtshouse, De-
hon, Gaiiard and Norrie, be filed by the Directors
Mr. AsP1NwALI, behalf Of the Drectors-Gentle
men, Iwoud ask that the stockholders all these
ces.
Mr. WHrTTHousE.-Im move adjourn.
Cries OF "no," "no," " not till the vacancies are
provided for"
The motion was then carried that the Board Of Di-
rectors fill the vacancies.
The meeting then adjourned sine die.
The Late Homicide I'm the Seventh Ward-Ar-
rest OF Mitchell at Newport, n. L.
Yesterday Capt Letts Of the Seventh ward police re-
ceived telesrsphic dispatch from Newport, l., an.
nouncing the arrest Of Jacob MITCHELL who seged
killed his Ieputed wife By beating and kicking her, at
No % Jackson street. about two weeks ago. Since the
ir quest was held by Coroner Hilton, Mitchell has
eysded the police and 1t only yesterday that officers