New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-22


Penn. CeLt. Bds % mort. y CT. s.s..... ga 81
Mr. Flsgg, the Controller, has disposed Of $4,000
Of the Cernal Park Improvement Fund Stock, u ?
cent, q. par. Mr.. Ch,s. H. Russell took 500 OO0i
Richard Tishe, 800, 0OQ and the Sinking Fund Com
missioners, $4,000.
The Committee of the stockholders Of the New York
Genital Railroad which went TO Albany 10 attend the late
election have made their report in which they give
full detail Of their proceedings, and advice TO the stock
holders in regard 10 proxies and closer attention TO
the maragems Mt OF the road we'll worthy OF their q.
tentor. The annexed is eharacteri;tic meeting the
Committee had with Mr.. President Corning upon frat
arriving in Albany
Your Con mittee punctually kept the appointment
made By President Corning, aDd soon tnsIesfer pro-
cee6ed 10 tus.ress, tmeetirg there Dssn Rchnont
esq, Vice.Prssi0eIt and j. V. l. Piuyn, a Director
and general counsel of the New-io,k Central sill
road Company. The Committee referred to the
ticket nominated ard approved a. the msetng OF
s'ockh' lders, convened in Ney.lcrk ID, December,
and irquirei Of President Coming a. holder Of a
large amount OF stock proxies whether the noiniua
lions, then and there made, struck him favo ably.
His respense vas "tha. they did not strike Inn at
sn."
The irquiry then followed ss TO the nsmss upon the
ticket which be proposed 70 vote for and a, tns same
tine tour Committee stated their desIs 10 set in en-
tire unison and harmony with him, If il were practs
bic consistently with their viers of duty, snd the
best inteIess of the property sddog tbst they were
empowered to (harge rames, on the ticket adopted
at he Newly meeting il deemed judicious.
President Corning esp )nded by stIting ths' III had
not formed Directors tcket that be shoHld vote for
enc party omitted from the New-fcIk TICKET; in the
person Of Mr. Livingston Speaker, of PaisGe Bridge.
President Coming further scded, that be might not
form cry ticket; that ne might withdraw from the
Corporsion altogether reitersting his Intent 10 vote
for Mr SPEAKER IN any event.
Your Committee could orlv respond by expressing
their regret that this course left them alternative
than 10 vote the entire ticket sgeed upn by the
stockholders at the New. York meeting.
Those resolutions Of The Albany meeting, IS adopted,
restrict TIE power Of increasing stock or deb. capital
without the specific action Of stockholders frs. had and
obtained preclude any lease or other implications on
behsf of your corporate body with other corporate
bodies or with Individual individuals; provide for
all purchased of supplies through oonnitte Of drec
tors, and require the certificate of approva, OF said
CON miitee abolish free tickets provide committee
OF seven stockholders TO employ paid account snts ard
through them 10 examine into accounts ard rsrssc.
tons, and annually to report to stockholders; So
semble stockholders in Ie'son each and every year. TO
hear reports urge stockholders 10 attend in psrson
and not by proxy recommend tina. proxies should not
be sent TO executive officers or directors.
The Committee express the opinion that those who
gave their pre1es 10 M. Corning will not Justify the
mode in which Messrs Field and Sage were LETT out OF
the Board. Such actor, the Report says may sub.
vert the Independence of other directors in thsir rela
ton toward executive officers Who in the disshuge Of
30 large ard important trust ough. 70 stand free and
| irdeperdent.
Another illustration Of the efec. Of proxies Is fouadia
the fact that you COMMITTEES, representing sfscion
portion Of stock 1t is true but large ia amount. could
not learn or ascertain from President Corning and HE
associates. at 10 clock The night prior 10 the election,
in bonn it was proposed to vest this delss..sd trust
OF directorsbp over thirty .alne mtEors donays OF
property. They erly leaned II ihs hsIi dsy &c Lar