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

precats> II TIE Directors hare been guilty Of nessd
Of duty or shovn want Of integrity, Why Dot tsss
them cut In his view q COMMITTEES sbe0h 30 a.
pointed 10 erd where the leaks Co. lpaired Of wire
He wanted Mr.. Speaker retained as Director.
Mr. DAVID " iGER of Utica said there vss no sssl
OF sskirg Why douttuTr ost the preeent dt.caes,
Ii wss fact patent TO every knowing stockhsiisr
that the thing nett to impossible. One chief rea-
.on 81 this as the Of prcNes practice WHICH hs
taIea We. greatly abused. is krovn DAT fesesss
s'ochfotsrs are without exception 10 the habit q
std,rg Their proxies to the directors or osoers -
this has eetn COKE to srSa. extent also BY otser
s,eckhocers Mr.. Corning, il is ACKNOWLEDGED on al
the election.
The Rev. A. SKisSIR OF Utica did not regard ~
resolutions as in the least implying osnsaresn ALE
CATION msde by enc Of tie speskers-sgsost the Di-
rec.ors Of the Company. He sure, faiihes moro,
that GO such els MITIGATION was intended Mr. SkiunsG
favored the election Of Dir. Spraker Circalrs bof
teen cent to every stockhocer IN The county soisit
rg proxies, and they had doubtless been secured -
faT az possible. Proxies in bis opnios, constituted
very daI gerous power in upscrnpulous hard.. The
spesker illustrated the importance TO tie stockhcdees
OF choosing faithful directors suppose they v,'hse
worthless road the Iludson River, tor Instance.
After the work was done they might ses everl ma.-
cree at work. in col ucton with the bulls OF WsA
street. 10 initiate the stock, ard by shrewd opefaronn
Bre their own pockets. Anerward they would 70.
verge ehod and eeprecste the stock 70 the greet
ptcuriary dana gs Of those whose property vss u
Gun bsred BY this deosJed road
becker, remarked with much ererpy that thess pro-
Gee dirgs setmsd 10 him too much hike hoy play. Arc
You wiling 10 let Mr.. Coming 90 what he plesses, 10
nqued II there is airy meaning N these , manu-
osIried TO practical result The New-f oikefs seen
to imply that Mr. Corning and bis associates are nos
fit men TO dice! sIge the cuties OF their othce' me-
turn them oct. Don't act in sneaking way, and 81
them with fair words only to rap them over We
knuCklts.
Mir DEmos tprsd that the object Of the RESIDE
~. taf,-r Ia
whose management had beer foully sssailed, ocos-
,ioping TO stockholders loss OF fully So 900 600. He
am called 10 the LIST presented 10 the meeting Tor cleo
ton, as a complete refutation OF this charge
| Mr.. WHITE stil wanted TO know why Mr. Sprakers
rame was lett n, but received no direct response.
Mr.. j. T. CLARK here offered preamble and reeo-
| luton which be wished to lie on the table until M
Dehcus had been acted upon II they we're rslecesa
he designed bis paper as substitute beng N sab
stance embraced in those already offered No acaoo
| was niusly taken upon them a.
| Mr.. wAcIR presented the Annexed resolution "n'0a
Rs.ord That tie affairs Railroad Cooperation. should y
the executive from the financial ooa
re,. bs. no conscng should be paying agent tsss
the frspces far receipts aud expenditures are
BE- .S. e.s ne q.
1t was LOW pro1oeed and carried that The s, mssass
| would take lace on the resolutions.
| ELECTION OF DIRECTORS.
| The polls were open at the office Of the Company
| from II to l o'clock and the votes having been
|
| elected as Directors for the ensuing year:
E,s.tu. Coming Albany; Dean Rcnmcns BSa.lo Joan r.
royi JsceS could Roc6s.si Iaa9 Tsva..nd Nss Ysl,
T. schoeicrsi Albany John D. wclis New YOri.
Henry II Martin Albany; George Dexter Albany Rufus o.
'''''''' AFTERNOON MEETING.
The stockholders came together sgsiu at u o'clock.
Mr. DEHoS called up the resolutions offered by
| him in the morning. They considered 10 order
| and ELECTED mu,h discussion. The original drar u
the fret resolution altered in phreseology the me-
teIia charge being the substitution Of the word re-
command in place Of resolving that the Directors 20
prokLi ed fc en-, &C. 1t was stated that the Directors
are prohibited by the set OF consolidation rom doo$
what this RESOLUTION recommends them not TO DO ana
there fore the substance Of the resolution was useless.
| However other gentlemen wished to make tho matter
dtubly cure and the resolution was finally adopted ~
| above given. 4,
The resolution having reference to the ocs-
irg Of the account with considerable
| opposition. One gentleman thought the purpose d
The resolution was attained by the one just adoptcds
ard therefore should DO left cut. Mr. White oou-
tended that such account in existeIes no be-
leyed that the account had been closed The opnias
finally prevailed that the resolution should DO sIokoo
| out which was done.
| The rext resolution, relating to subscriptions, IN
| dorsements &c a. adopted with tIihiDg ducussioa.
| The resolution the subject II hee passes occa.
,ioDed lively debate. Asoiignsuy prepared rsss
| thus: u.
Resd That free ps'e. he abolished except IN the Oas'
Mr.. HasTsos proposed the folc wing additional
clause: "AId to stockholders attending the annual
| mee tiI g."
good many owners OF stock, he said lived In he
western and central parts OF the STATE and II me res
luton should pass o. amended, would greatly pro-
| mote their atteI6sres at the snnnsl meetings, and
| tend to reduce the number Of proxy votes-s sesaR
| aimed at in another resolution.
| Mr. Hastir gss smsndnent was rejected BY close
| vote.
| Mr. DEHos here offered to Withdraw tho rssols-
ttn entirely as thought the senmeI Of these prss
| eIt scene d TO be in favor Of so doing.
A majority having objected, Notion was nade
that the olsuse excepting Directors" be stricken out
the ground that Directors have power TO issue Of
| ders The amendment was adopted and the vote %.
currI ths ution ab0sLDg free passes 10 toto,
Tie hour h'ur erewins late, and tie New.York ,tock-
holders being anxious TO leave in the last ain tho
marg resolutions were passed with very little dhcus-
zion. That one appointing seven stockholders 10 in-
yestigate the affairs Of the Company thirty days be-
| fore The annual election was amended only by the
substitution Of two in place Of two Others first
Another resolution, and the last offered ooun-
selling against the adoption Of unremune atDg rates
by the Direction, WIS., after some dicussoo' laid "a
ATunber Of .tockhclders, including the Chairman,
col si6eiipg all business before tho meeting finished,
new retired. At this time those remaining, about
fifteen in all, were the point OF choosing anothor
CtsImsn and preparing to enter upon On evening
sessicn.
From The Annual Report Ct the New. York Central
Railroad Company il sppears that
The smount Of Capital Stock fNlst
The ,mc mt Of spital PAD In s.. -
The Funded Debt BY last Report. H'csW -
Earnings and Receipts.
go, Observation-Disclosures. rs -
ro,................... s,ansd q
Pam .nts oihey than for construction.
| For transp cItstiop expenses, via 1865, 80
Il d h..ru LH.lln