The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-17

The steampship George Law, at this port from Aspin
wa brings 81, 7oo eco in gold freight and the steam
shp Asia from this port for Liverpool day. carried ont
sass, 900 in specie on freight.
The steamship Osprey, belonging 10 the New GrAna.a
Canal and Steam Navigation Company, totally des-
hoyed by fire at Kingston, Jamaica She fully in
sured.
The City Bank has declared hafyeArs dividend Of
Per cent. The Gas Light Company has declared half
yearly dividend Of per cent.
At meeting Of parties interested In the third mort
gage bonds Of the Columbus, Pqua and Indiana abroad
Company, bearing the endorsement Of the Cleveland,
Columbus and Cir ennati Railroad Company, the Bale
tontane and Indiana Railroad Company and the Indiana
pohs and Beleontaine Railroad Company, teld at the
Aston House, in the city Of New York. the 18th April
1885, which thirds OF the issue of bons-ssy
three hundred thousand dosrs-wAs represented,
n vsssar, of Posghkeepsie called the chair, and
Samuel Bess appoinsed Secretary On motion of Ssm
J. BeaJs the wing preamble and resolutions
unanimously adopted, and ordered to be publshed:-
Whereas the Cleveland Columbus and Cincinnati Rar"at
&c ~ ~ $
gage bonds Of The Columbus Piqua and Indiana Railroad
The Cisvela1d Columbus and Cincinnati Railroad oompa
a
te:smony whereof the said company pprsganee Of ar
ssSsd y
April svea Columbia and ID onssn. sssd G.
And xlsr:ss ne same Obligation WAS for value received
and Ss iDdss.po: and sslsionsins R.issd GoaDsa,
g ss 'fs s. he
=, i: sa.s 4 ;sssss I.
Without pleading ..bsy have tailed Q osy he Interest," =
vs good attached signatures Of I've pesldens q
Resolved, Thai MS repudAuon msrissay unjq.
:sSqs h,
. ne sad saiSlogp s. Of LOT scrpo.ats dsngnsn'y m
ssns COMPANIES in forcing US % have recourse the coue
s1,. u ne 81 n b r.. NV
Cleveland, Columbus and Cincinnati Railroad Company
ne hat
ne se %es @ Minded and %
furious % al the parties Interested m that road
v.: siyss sss sense E sadegas
ousss DS ne S simple cs c exc
pressed binding 10 law In honor and IN equity And ne
vih much propey repudse s stock certificates bearing
ne evidence of validity to dshonor the oosaaon in
question.
We understand that certain parties representing the
Cleveland, Columbus and Cincinnati Railroad Company
have proposed 10 divide the bonded liability referred
into three parts, each company assuming third The
object Of payment thus appears. The CIsvelan I
Columbus and Cincinnati Railroad Company have failed
solely for the purpose Of getting rid Of just liability and
seek 10 compromise for thirty. three and q third
cents the dollar. This ia The gis OF tie whole thing
and the community should mark the engaged in or
eountenancing such dishonest proceeding
The following circular from the Office Of tie Gslena
and Chicago Railroad Company, sppsared dsys
n the columns Of Contemporary 1t Is certainly very
extraordinary document
0FTICE o GALKsA CHICAGO UNos RAILROAD Co.
CHICAGO, Dec. Il, 1885. {
SIR-By the published notices you will perceive tha
be DIRECTORS Of this company have declared semi aa
cash dividend Of per cent, payable February
Az officer the company n Chicago They nav
stock dividend o. IL per cent from Ia
US earnings, payable st the same time and pase la
Gates TO ssued BY tne undersigned, winch certi-
es win convertihel nto the capital stock OF the
mpsny at the pleasure of the holder when presented
gums OF $780, and wf be entitled 70 all dividends 3e
AIRED after such conversion.
An examination OF the present state OF the asis OF
the company and careful esmses Of the future
and income based upoa past xperience, have satisfied
the directors that the net earnings will yield semi ann1s
dividend OF per cent in cash and doubtless furnish
means for the ultimate comps ion Of the roads
company contemplated. The amount Of surplus Of
net earnings, and above 10 per PSF
each dycends, which may be used 10 completion OF
the reads will be divided pro rata 20 the holders
annually Ia The stock Of the osny. II these es
mates safe ones land the directors believe then to
be So no further sales Of bonds for construction 90
posee will necessary, and there is little probability
that any mors will BE- issued except ia exeasnge cr
short tined liabilities which the Executive o. ami tee
Authorized 70 nake This ray be considered the
tied policy ~ the board liked ~ tneir Sc.oa 81 be
19sn sne 10Th inst.
70 those sho may pow hereafter bod convert ,ls
r.gp creased b. tae prpssot isege 81 pe u
stogk " ~ ss ss3ea 4 s53 snd lS5 or 81 ~
vos stoek diuaenc aDd he ocs 1iete9a u tt1rO4ry
a tNNN all "Usg ff.ft1 n4aN i4