New-York daily tribune., 1857-10-03

neu-h;g fellows with cre,. chains snd brooches
~ho were paid 20 20 abJut the country 20 ara crs.on
'oibe road and ths psd by the Central 70 Soss aus
us-hsve been done away with. 1Es grest roads hsVe
ell agreed 70 advance tleir charges snd We to- A1o-
~ have fsr ous 1es- pIo-q'c. bsfore u. l. :
me eiirg :O-right s - decide tls fac a. t1s-'.s
Directors tave cone al that they could, snd COW L
for you 70 say. This 5Oad Tll - dJ|n unless you
save il Il wss ths meTest cbsnc9 th.' rs were noI
protected to-day such has been the condiron OK ouf
sffaIs for three weeks pest. We have goOa ffes-
dent but " hile be il running about wal street 70
raise money 20 save you from bankruptcy, he can't
be on the road and If there should be strks Tor pay
smcDg our employees, The road u done. we w4nt
500 600 Immediately. You must sA act Tonight
You don't the road Is gone.
M Moran. the President, then entered in'o de-
tailed statement of his views upon railroad minase-
rept in general and the Erie Road il particular. He
was in favor OF putting prices up to living rates He
bad done awey with deai.headsn dismissed the run.
pers and useless agents. and nsugurated system OF
reform which woald, be believed, eventually ad-
vance the interests OF the Company. aud insure
the fnarcial success OF the road. ~ answer ~
Q stockholdsr the President stated before he came
into the Company, chsttel mortgage bad been ex-
ecuied 70 Mr. Daniel Drew, for the use OF MS morse
n ent to the amount Of sl 800 600 necessary. lnca;e
the notes were not NE, a, ui'y Mr. Drew held this
mortgage as security, and would go on and run the
r ad TO protect bis Endorsement. Mr.. M0su iartler
expressed bis determination 20 take no important step
without consultation with the stockholders, and en-
joined upon the meeting the importance OF ptomPI
action if stockholders would their property from
total loss.
Mr.. Williamson stated that alters minute personal
examination Of the road In March last he reported to
the Eur ,pean stockholders that capsule Of pay
ing 10 pc. cert upon a cost Of siO,Oo0,OOO.
NJ Latham offered the follow Dg:
Resortd Thi. Committee Of 100 De appointed T. sol u
stock and bond holders subscrpon - the bonds OF
lcans to the Company on the terms proposed
Carried unaiI rmously.
The following gentlemen volunteered to serve or the
Committee:
John ii Gourlie, Z. Burkbardt, Mr.. Cozzens, C..
Marie H. L. Pierson W. Whtewlight jr., n. j..
Smith J. Luqueer, Geo. +. Tallman, g. X. Albertus,
David Jones, John Steward, r., G. w. Van Stavorer,
7. II. Holt T. A. Smith, d. \ Cushman, Chas. a.
Peck Jecob Little, Mr. Dufais, Geo. Bruce, Thomas
Ewba1k Wm L Sbardlow, Henry Delafeld, A. l..
De Camp, j. b. Gould.
The meeting then adjourned. 1t was stated thai
200 had been subscribed during tn evening
The Committee will meet a. L. O'Clock to day at No
f. Wall street.
The following Is the amount Of cos! transported on
the Philadelphia and Reading Railroad during the
week ending on Thursdsy, Oct. |, 1871:
Tuns Cvt.
Total for tin week....................... ~ Ss ~
Previously hi. .year...............'.'.li@jol ols 10
Total ..........................l,t1 ,t1'.2S ID
The following are the pts OF c)al tor the week
ending on Thursday oct. |, 1851;
Total for tbe week. ..........,......,..tnns' o5H
Previously this year.....,............'tin''
Total tlns.............................. 68
"a linn a. 49,