The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-21
Meeting Of the shsreh0lcers Of tn Norrn.-n
Railway COanp asy OF kraa.
Translated from the Nord, May 2, for us Nxv Y,~.
HERALD

Meeting Of the .h.rrholdcr~ Of tho Mortimer.
hallway Company OF Era,so.
Translated from the Nord, May 2, for ts Nxv y,~.
pA,us, Arm 80 ,sm
Wfa would you say II you letter tom ypsr .o,
respondent Dated this should be, he ha or a
Cechsf % there question ola ball. aropers = sos
teryf Not al alt am going to repsri tn general and
~underfu meeting OF the Northern RAii~,y Company.
and am writing with pencil, on my knas, the repe't
OF that memorable meeHog.
II expected that there would be upruas
and calls for the accounts of the far famed
ashers OF the Northern Railway COMPANY Ss<os
malicious shareholders pretended Cspeus~ s.d
arrived from New York and was to be pnsenl the
meeting, and 10 give explanations about rs ansnsaa
operations. This has not been the
The roll, when called, announced on the century, ssn
I. Organization of The meeting
Report OF the Committee on Accounts for'he yuw
1855.
g. Report Of the Beard Of Administrators.
Dennitve appreciation Of the accounts fr IA yeas
s Appreciation Of the accounts for the year 1856 w,
Ing OF the dividend Formation Of special reserve.
.. Vote in relation 10 the maintaining suppreaslx q
the deposit of titles by the company.
Powers tn be voted " the Board Of Admin tratsr
in order conclude In the name Of the COMPANY aa1
In a definite manner, the treat, In relation 70 the
s. Authoriz ,tion u tho Board Of Administra,sn -
take up the financial enumerated the re,0r<
Re election u four Il the outgoing adminissras.s
viz, Messrs. Delebecque the Duke de Galiera, Al Ad
the Baron Alph nso de Rothschid.
TO- Nomination administrator OF NJ Felix FovDs&
banker in Paris, in place Of NJ John Moos, outgoing ~
IL Re election of the Board Of Accounts Of 1855
The meeting was organized ander the presidency q =
de Rohschd, and the report NJ the Board Of AccnsDs
was read without ary remark from the audience
The administrators placed upon the estrada gene
rally used by the orchestra when balls take place u dhs
" de Rothschild seemed to be suffering from ianan,
and am told that he arose from bed expressly for ne
purpose Of attending the meeting But the chairman q
the Board Of Administrators had 70 fulfil duty mscA
the more meritorous as Il was at tho same time srsk
sacrifice, will be seen By and by.
II NJ. Decbecqne, Of the administrators a tAs
company, who read the report OF the board. He seo
menced by tho relation Of an incid MT which eviaeuay
prepossessed the meeung-the theft committed by the
cashiers Of the company.
NJ Deebecque said that the board had The ntenass 10
call together general meeting on receipt 6 the mt nswS
Of the event. but they had TO renounce IN order thas Ne
proceedings Of justice should not be impeded Evea N
day the company had YET 70 keep certain reserve
The prisoners (inculps;) are in America, arrested
in preventive manner (prepemt'oene'v) tAfr
o!tradit,n has been demanded oy ne govss as
demarche) OF the company has not been grantee "a
We expect, however, with confidence the decision " -
NJ Deebecque proceeded then TO give some explanaa>m
about the substracion OF the titles. Since lS49, he sd
special safe (caise) the iepo It's and the titles nh
Is locked with three keys given In trust separately
the cashier the deposition Of she Titles ana one Oh !ne
the by laws for the keeping OF the deposits have sen
regularly executed, with tho greatest puncsuaiv Up
Al the time of lis organization the company had -
cashier an honest and estmable man, worthy ~ it, oon
ence in every respect He died in Nay, 1885, after hav
ing especially recommended 10 the company Greet sod
Carpenher who noted by the company for ths9r
aptitude, thertnteecs and their assduity. (Ronewsd -
roar. =.
This honorable testimony had determined the Board Il
Administrators to appoint Carpener the sub cashier -
cashier and Grelet entrusted charo with the depos u
titles a. sub cashier. Those appointments date from ts
onth and 23d Of May, 1856.
On the 1st OF temoer, 1885, was ascertaineA sfaa
the cashier and his accomplces had disappeared Fhce
cash deficiency at al In the cdissc but wns sea
ascerained that important abstraction Of titles hAa
taken place NJ Deebecque then gave the official smoss
ills OF 1852 shares and 900 bonds (Shoud read u
| shares and I, con bonds.) (Uprosr in the meeing)
The house Of Roth achild will have To submit - n
greatest part this great loss The Board Of Admiusz
TORS has apprecated-and the meeting will In its tura
preciae- sentiment Of equity which has induced hs
President the company decide against his ova hsa
plause.)
or the number Of distracted shares and bonds Il -
Roth.child possessed sou Of them, and he has hsnA
the company that important capital The house q
Rothscbd takes consequently for i account absss As
exshs OF the loss.
Dclehecque proposed 70 distribute Me remaining MzsA
part the several receipts and expenditures (.~s3
| for some years.
Alter the reading OF the report a debate commeaosA
| but II was animated feared hoped.
However, SHARE holder moved that the meeting sAssd
abstain from approving the accounts until the courts wsA
have decided the investigation opened In relation - -
d1 dsp6t OF the company The motion not sap
ported but another shareholder, having moved vees q
| thanks 10 n. de Rcthschild, warmly appauded-
The sitting continues, and thus Ear the dspoik0m e -
meeting seem 70 be very peaceful