New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-06-29

otler company; bnt II n folly TO submit unjust
tortjon when your route and your steamers enable you
/ 10 demand fair terms. Unless we stand firm on this
ground will obtain dividends. Snce the IA
ei;es Of transit secured by the Opening Of the
Par Railroad every steamer tBs afforded evidence
Of your ability to obtain the m2joniy Of passengers,
! and ut prices above those charged by the other
hnc. The last steamer from San Francisco brought
! 100 passeugers-fsr exceeding the number by
/ their stamer-with prices ranging from
$40 TO eos above theirs; and we have mae
paving rts since the baancSsbeet presented to you,
! notwiil standing tie Nicaragua Company have 1T
tm taken passengers 70 San FraDci-cO low 80 $50
ca, l.. We do not de-IaIr of obtaining an eqli'able
! arrangement, but Tot think II posi- bic 10
coed, Unauthorized publications be male by party
Of our own stockholders, and we beray al imagiaary
wesk1tss by undertaking our own strength, and By
concessions unwarTanted by equity or by cir UNI
stances. IL L. evident hat feeling exists among lone
OF our stockholders that here want Of liberal co.
oreraiion on the part of the Panama Railroad Con-
/ psDv. We oeem it ust to soy that Will oFing 10
their charter, they can make no concessions TO US
which they DO not apply 70 all using tllelr road;
/ and they have, consequently, declined "a We. 70
reduce tie rate Of passage below $25 your psssen
gers, cIossi z twice month, lnsomuch such re-
duciion would opply TO all the travel OF the foai
, Thew have deere ased charges for Baggage. and
otherwise promoted the procuring of passengers 70 an
equivalent think, OF at least Sl5 on each passen
eer-the S2j now paid beiug about half the cost of
tie trorsit of the lstmus 10 The passenger, IN times
Of former opposition, and certainly with Increased dis
]
you that there s Per iuent matter in the pamphlet
which hes not previously engaged ne consideration OF
your directors. There arc many subjects which from
regerd for your interests Hey would not make pibc
TIey have deemed proper 10 place the records of
the COMPANY the following resolution:
BA1ool pamphet -n'iled Reports Of Coma.tees Of
stockholders Of he Pacific Neil Steamship Company having
BEEN published BY such Committees without tae approval Of
sueb s'ockboldeIs belt
RoreG Thai the contents Of the thus made publc
5esoed by this Board injurious 20 the inetess Of the oc
holders snd sybvrsve Of the uenee which should P perry
he exercised by their Board Of Directors
Ii is impossible for a body of stockholders holding
occasional meetings TO Judge rs wei as those who have
been selected from their number to attend daily - their
interests during tie year the gross impTOpney Of pub
lfbng to tine world without your consent Statements
calculated 10 paray your courtesy
and reliance on the force of hose statements would
like have dictated the proprety of first submitting
them 10 you and obtaining your approval. we deem
it duty tefore yOu 10 disavov y agency OF your
Dirc ctors in spreading before the public pamphlet
not sanctioned BY you and calculated 20 produce false
impressions and results injurious 10 your interests
Mr. Dthon said he was s0rry for the form IN winch
that Thing had come up; he would propose, without
irdo,siuC tie fallecies contained IN the s'aenent OF
their Pr sident that it be published so that they could
ell reed 1t at Their leisure.
Mr.. Ginre proposed the following resolution;
Roed That he Report presented BY M Dehon be not re-
coy ed bul that it be rejected
Tie question was called for and telers were ap-
pointed 80
Mr. Mann thought thot by throwing overheard the
Rerort trey would lose the proposition made IN II to
fund the floating oebr. He had besn IN hopes that
ihey would have avoided all personal feeling. he was
vory sor, TO zee that il had entered into the mind of
bis frieud who read lasi Report. 1t was eminenty
calculated 10 when the breach, and by and by Ould
III an opposition Which would be very uncomfortable
ifnoi very injurious to their interests.
4 numbcr Of gentlemen expressed Themselves IN
similar manner.
Nh Asfinwall disavOwed ell personal feeling about
H. matter except that arising from seli-respect. In
consequence of what had been said he felt bound to
make some explanations. The COMMITTEE had do1e
great injury TO the of the tockholGers he knew
that fl ON personal experience with varois parties.
Their power gone aud their dividends were gone
pDees lev authorized the Directors TO act FOR them
He cid not hesitate to say hat from what hs saw IN
Washington that report came well-ngh costing them
q sum which would surprise them ALL These two
Committee Lad uuinteuiiOnally done them great inu
~ ly sending out that report before the stockholders
lad had z chance 10 act upon it.
A gentleman said that they gave 1t 10 the press
tweIiy -four hours before they gave it to them.
Mr. Dehon denied it, he pronounced II fdse who
ever said 1t.
9TH irre neveriheless.-Reporter
Dir. Aspinwall felt very much mortified first, that
no dividend lad teen made and secondly, that they
lad lot that supp ort of the stockholders without which
DO civdcuds could be made
Mr. Dehon was willing TO stand up in support OF his
REPORTS He denied that there was any design 10 cast
imputatoLs upon anybody. As to snpnitti Z the re-
port tic oicors and stockholders, they dli nos re-
ceye from the printers the yruot shees unu the nisnt
received tie reports until about IL II ocOck of the
day it was issued and SO far as lie knew, no report
was Issued.
~ Russell proposed the folio wing resolution which
was accepted as d substitute for his by Mr.. Gdnnel:
Besoted That with the adoption OF hs resolutions TINS Gay
unanimously passed by mis- Ineetrs Il not emed eh e lent
adopt the uIther Recommendations presented n he h TO
port pIeieuted at The last meeting
Mr.. Dohon said that lie went for the resolutions
which had been passed in good faith Bat no sooner
were iLey passed than they were asEed 10 throw 'ne
-. l.. h
stated uere-facts which we're susceptible OF proof.
lie did think that i they threw away the repor; with
out taking stock vote and showing whether or not
there were stockholders who supported the Commit
tee they were doing them Injustice whioh ought not
TO be DONE -
Mr.. Kussers substitute for Mr.. Grinnells resolution
wcs then passed nearly unanimously but two voices
that of MIR Dehon and one o'her-oeins heard In
the negative. -, go,
The l1eident of the meeting Mr. Blunt, said that
as NE mber of the COMMITTEE who made II he ex-
rressy Gissened from that part of the secoad report
which related 10 the Panar-a Railroad. 1t was un-
destood that printed repor, was TO be cent m, but
Lie ola Lot Re e one till he came TO tins meeting.
MIR. Asrinwall wanted to make explanation.
The gene al imi ression with the pubic, and especially
at Wue na ton that that report hal been adopted
by tie Company. Although it was not designed 10 be
published he left for Washington the day OF the last
meeting, aud ibe substance of the statements con-
tanned in tie report told him by the head OF de-
pGriLett
Mr.. Whitehouee inquired what passed in any inter
views The Precedent me ht have had with Nh. Morgan
i'll relation 10 tie Nicaragua Company
Mr. Arpinwall stated that be not at liberty to
cay GIJ illng about il.
ore of ii c Director said that be was authorized to
state that one OF die Directors OF the Nicaragua Co.
told lin that be would enter into any negotiation
with hat Committee Gny terms whatever, iad taat
tiet Committee had damaged the Pacnc Mad Steam
chip Company more Than anything that had taken
place.
Mr. Dehon was prepared TO say that that very day
Messrs Noni, NhitehOuse and himself had had Gn
,,tr,,o- with that Gentleman Mr. Morgan aud they