The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-13
NEW YORK HERALD, SATURDAY, SEPTEMBER ID, 1856.

stIl remaining the ass OF metal and which gives to
il the known as Steel would have ORA wn
of, and pure spongy mass OF crystalline iron would
have been the result.
correspondent sends US the following statement In
relation TO the management rather the mismanage
ment Of the Affairs Of the Edgeworth Land Company Of
Massachusetts,
THx EDGKwoRrH LAND COMPANY.
The annual report of the Edgeworth Land Company
affords new and convincing proof f the exceedingly
uncertain nature Of earthly possessions Copies Of tine
report should have been forwarded early in June to all
the stockholders They have been furnished TO few by
special favor and will doubtless be sent TO the remainder
when there shall no longer be any advantage to the vo
rites IN Withholding them. An examination Of this
port In connection with the previous annual statements
suggests some inquiries 70 which the officers Of the Edge
worth Company are desired to give attention.
The first thing which strikes interested honest
and prudent management OF the property is the great
expense at which the companys affairs conducted
In the absence OF explanation the proprety OF expanding
so much money for managing few Of land (much
holders be- eHnsctes TO iii quietly and see ths
funds dis bursed to clique OF who ignorant
Of the rights Of stockholders they profess to be Of the
affairs OF the company As the property raDdly melt
ing out Of sight in the furnace Of their greed behooves
stockholders who hope to avoid total loss to attend i'm
mediately TO the rescue Of the property which yet
them from the hands of Its called managers
and with view 10 united action their part facts
Will be submitted 10 show the necessity for prompt and
decided action
The loss Of money resulting from the inudicIous and
exravagant investments OF this model "Board OF Direc
thousand dollars and the notice of their sagacOus
Is particularly invited this point shedding
ray Of gbi upon the unpromspg state Of that officers
iinsncia statement which SO Dcwitdering to him.
Had Mr. Dunn given 1.-THE OF the attention to collection
q suns due the company amounting 70 many thousand
Collars he has evin0ed In collecting his salary
and evadDg the inquiries OF the owners OF the property
would be anxious to avoid them and throw the
Of reply upon the shoulders OF skilled
IN mystifyipg the points sought TO be cleared up.
There some interesting movements in connection
with the proposal TO locate lands for stock rde report
which we propose t. examine, and we notice it for
the edcaton of Mr. Con verse, Mr. Damn and Mr. Jeack
that they may be prepared to clear up the suspicious
which, naturally enough, fasten upon these gentlemen,
by reason OF their Jealous advosacy Of course cacua
ted to throw g0Ody into the possession Of few
OF the favored the detrment OF large majority OF the
socKhoders How is it that Mr. Converse Director
can locate lands TO which he has no te and for which he
mas paid nohn gthe lots being refused to stock
holders, who willing TO buy them and pay tor them
the terms proposed by the directors. Why the desi
rabe portions Of the domain marked oil located, and
denied to the stockholders wishing to make bona fde
purchases when, by the admission of the agent they
have not been purchased by Of parties but held
subject to their purchase 1t shall at future
day seem advantageous Is this handed justices
Why do the directors OF the Edgeworth company mako
locations on the mortgaged premises, while the agent
represents to the that these portions of the
property cannot probably be freed from ncumbrance,
owing to the impoverished condition of the treasury Do
they suppose the stockholders will look upon this "a
Why have not the unpaid assessments been collected?
Can Mr.. Dunn explain his lepiency towards the den
quentsS We propose to enghen the stockholders to
that gentemans astueness and show them, in future
communication the gross msmanagement Of this clique,
who suppose the shades State dense enough
the multitude OF their upustiable proceedings
NEW YORK STOCKHOLDERS.
The annexed statement exhibits the quantity and value
Of foreign dry goods entered at this port SUMPTION
for warehousine and also the Withdrawals from ware
house, during the week ending and including Thursday
Sept H. 1856
MOVEMENTS FOREIGN Day GoOua