New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-10

r.tiI Ne. vss Aop?ed ss e sOgssstoa Ct Ne ceiling
aeents, vho wished 20 rEt on t6eit Own a. ,o'tt;
sd promised TO stock from Ii sir f1sds iasissd
Of 5oiss this tie ersd. OF TIE Corpssi'a y 9sea.
Dr.. Esovfitstisld asked Il tie books OF tns Corpo-
tsivD hsd b<sn fss6ed az 10 present an erroneous
Wv Of toe condition Of affairs.
Tee Treasurer answered inst far 81 the indebted
ness o. tbs Company wss ooDceroeo u gre ne ooen 10
klsihc son though there trans Gc,ion 10 wool oy
BE sge tie which bed not been entered on toe haoi-
sss d tie Corporation but appeared ooy a. part Of
- prop ny.
ssonts iog ore year. there deception Of t2O, 900
n thu sts.encebt
Mr.. Crown.nshieN-As understsbd il, they took
en-, Of The pockets Of the company $4,000 aud then
rnsas the company . present Of the sum.
TIE Tcessu'er-Fhey made the present frt ana
toob the money sf,erwsrd.
Sane Inquiries we're made as b. the bonds of t1e
TftassreI. The rfesiie.t stated thst these bon u
were TO tks amount Of go 600, aud were corsaereo
La regard % the dtfci. Mr. Hall said it coud not be
Gseed All that wss kn lwn showed ms ensIrs OF tne
company and those Of Lawrence, s'oDs o. TO- 10 DC
aim BET ireItriesbly mixed mp.
NJ &. M Ellis desired answer % one branch OF
Mr. Crownnshied's inquiry, as TO whether there was
ssy eIininsl'y in the sdmnlsT saon o. Iae nnsncs.
whether TIE present confusion results merely from
eyYor OF Judgment. lie considered satisfactory soR
nor Of thIs question OF more Importance than the pr
vaue os the stock OF the corporation Toe directors
he'd the weeks lea past 70 prepare for solution
n The problem end II they could not 90 it he 10
favor Of an Irves6gsting Committee who would take
DE matter in hand snd perform it without fear or
bvor.
MIR. Crowninshield advocated thorough inves.igi-
ton Of the Of the corporation. Ii there had
been criminal Of the money OF the tockhoidefs
let be exposed and let the crniosls be prosecuted
TO the extent Of the l.w. IN the opinion Of Mr. Cf1w1
iIeheld, there were persors walking On state street
70 dsy-holdipg their heads as high as snybody-who
tbey received their desc g. would not BE- a. bsrty.
Mr. George s. Hi lard begged 10 intrude few re-
rna,Ls There is nobody here but feels saddensd and
lsbesrtened by the revelations Of the last few wesks
He was no business man, and IN only hnl Ell ss1ss
property boider but he appealed 10 the solid pres
emit If il not time that some new syste OF cO1
dcctirg manufacturing operations were adopted. For
svO years the books Of the Bay State Mile looked
vell-no one hsd the tghtest idea of any dificuty-
yet even then fnghtul chssm existed, brldged over
BY sle ht film which has recently broken hike glass
Mr. Ellis presented resolution for com nittee OF
investigston which amended a. the suggestion Of
Meters. HaId and e. l.. Woodbury., and passed IN
The annexed form:
That Con noittee be nomns,ed By Chair select Com.
se0uned meeting 70 BE- called BY them soon may BE-
ssus ,Ss .sp.. Of he Corr I'D az To- bas to JAZZ
psnhhmsn. II any there Be. crininsy liable
Near. Chss. NJ Ellis, Sydney Bartlett, George s.
Hllsid, Ches. X. Train and Charles I. T6.rey were
sppoi.ted the Committee of Nomination. Mr.. E,is
dsSIiLed serving the Committee, aud VIM Annoy
wa substituted in bis place.
While the Committee in the discharge Of ia cir
dsty, Dir. G. l. Woodbury. Inquired as TO tho future
raospees Of the Corporation. The inquiry led TO the
koorp grafton into the resolution Of Mr. Ellis OF the
clause empowering the Investigation Committee 10
advice suca action is best for the interests OF the
stockholders. The Committee reported the names Of
The following gentlemen TO constitute Committee Of
Inyestg stiOn: Francis Il. Crownnshisld G L. Curtis
Geo. W. Lyman, Peter T. Homer and r. ). Fay, JIG.
Tie report was unanimously accepted.
Mr. CHARLES g. Torrey proposed tne query as to the
peTsonal liability of the stockholders.
The Treasurer reoined that if such liability exist
ed aYse from the failure 10 publish the anuus stats.
Of The corporation at the proper time.
Mr.. Cfownirshield, though incompetent TO give
legal opinion himself, said be hsd been informed by
several prominent lawyers that this delay OF plohcl,
ion wss altogether unimporant in legal poin. of
r,sw.
No further business coming before the setting, i.
s5ourned 10 be called together hereafter hear the
report Of the investigating Committee. The feeling
among the stockholders was decidedly in favor OF
complete ard rgd scrutiny into the condition OF the
eorpors.on. The sentiments Of the various speakers
demanding 10 ID an investigation az sho1d put crmi
salny where it belonged, we're loudly applauded