The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-23
The FINANCIAL PRESSURE.

- UOSn8 1UVIV W halS0 LD0 WanO anu
the Result,
.>oo>~>ooD.~~>>~~~>v>
Convention of the New York 0oun-
try Banks.
>Uo~.~oOo>>>~roo>u>ono1~
What the Country Bankers Think OF
their City Brethren.
PANS FOR BRINGING PRODUCE TO THE sEABoAR0.
Ia, AC., 10
fHE NEW YORK AND KnTE RAILROAD.
MH1s ING OF THE SHAREHOLDERS AND DiREcr0nS-
FOUR HUNDRED PROUsAED DoLIAns euBscRIBED
DD A COhArrrKn ATforTxD TO RAISE SUB
hCaIPTIONs.
n compliance with Ne following .ossoe, which sppsvrsd
u Ae morning pape6 Of yesterday, . mssesg Of ths
Assd~s and Shareholder Of ne New York and Ese
aaikosd Company wN held Inst evening p NE lecture
ysso Of ,he Mercantile Library
n.w YonE .sD Ear, RAnao4n;.An Adjourned meeting
- 7oOOci. Psnons ldiog boOl: Of su6sorp - ae
s sscusr r.qe-ed % hand ,ssm oso shs sso etary No
9 wan street. order hat tho Finance Oommitse may
'' AMOUNT q sITsHsfID H1 Dis sXSsa sss ssessy ~ssu1s
2sre about III hundred porpons ryeseus, rea ~
- Of wkon, - 70 be presumed, were sbareooders
akecsogs and others Immediately ested the present
spHdion and prospects Of The Erie Rs1osd me ueesns
wSs called 70 order ~ NE President, ". nsyses A.
Davis, M CharIes A. PecE Officiating u Secretary
III. LAsuss made > representation Of sAe mooessyy
Aks Of the road, wsoh be showed tse road bsd
~ their floating debt proved by increased
- Or two years, Re said hAs tne kng fund had
eass6 witkn two years Ia u 900 900; hst they lad
vessd In tho Lang Dock mprcvs men $3.50 Grd snss
Aers we're dre BY agents Saba ooo Be also sssed that
- noSs Lake Erie bad been noressed Sl4o o0o
Ne feel sl3o 600, materials In shoys 33oooo-asins
e Of q 900 0o0 whereas We boagns deb. had been in
sassd only $500 600 leaving earnings Applicable to dv
asad on stoex n two yeass OF oco, having IN the
nsasEne paid interest he bonds Of % 100 CO., he
lnssssst on The floating and the running expsnses In
sssss1sion, be recommended the App0intmsns Of oo-
.se, whose dusy should be % 80 round and call
aA Ne stock and bondsodes With the view Of getting
vsstAs road going hands Tie Receiver Be
nan pPscoedod 70 say that the very aborcs
ns aai had ssnised their readiness 70 co operate vita
0see Who were mot concerned In freeing from ia pre-
~ 6ihonaes 70 the utmost extens Of their From
Ds rocreas operative 70 the hgaes NO ks they had
Ill csns forward and e1pFssseo their willingness sub
Dosse any per oont OF the1 wages for he two or
IN .sun:, he smps,ea /. se CIV -. wii mses .ssm n
- - same uOuDd. Here we're some OF lhe poorea
.s. ss the road who we're Wiling % ssorioe onenaf Of
hopsd there wsa no< gentleman prcsens Who was Dcs
esa.y ready 70 susAir sse company Il We pNlon sey
-. cnAss kcnAsD, one Of ne directors,
nesshi woeid DC e1oesdinsy unreasonable
.ns, ,, nAs ,s airec.o,S ~srs . sspse.sa 70 Eys IN
p believed shss suoe were really ,he case
Ne tseld II once rss.p. We have ssd be, called you
Pa ssy have ,soOss ~s vss. sounding false .issu xs
80 you that d any moment vs might be pot under pro-
- s9s .s.. % .s S zee, fin s'sh,ssn days zee do..
h.nAs TIE ycosiver enarely resis upopyoG .os say
cha sin become Of shs sesd. yoo prefer 70 ~ 70
sGS 80 s,s Ss = sss sss'ss .s -: s - =
s.spxM ~ !, yocr property;
ssasSa slec,occ, vhebsr ss oeAinsa security On me
nn~tGnesf
nsP.mur-.Yes, sir; al We reAsn srs ssrrrsd ,Se
ssAHmclDsr-r ,he receiver . sypo1s<d can We
ssc1vsy DO rven for Toe res'
Ym snARBBoIpU-rncn al tsss u srbscyses before
80 ,sc receiver vii be safe, and ~ hat vi be
y. sosAsp-y VIII en my friends here that Z ve re.
- sncurs, tie sucscriters Oil be pcyfesiy safe
ne PxzEpmr-M you rubsc-'be for . mili,or ana Il q
s me ~ss se oseu u. s .ssr sssr os ss
n. Ia,uas-wm renus mon come forward and sub.
ssssbs'
~. wnpxnros-some twenty I've or snirty have called
upas me, and sssd mat they were very ndxoans
- ~ In favor OF oAsase and ssts9ed sast
rnA6w GOOD management, he road would MAKE ~eive
pss osns on forty millions Of dosrs he perfectly
ast@Ahed 70 20 much apathy and indifference Ms
NJ LArxm-Yhe d5eacrs are deeply n.eres Cd
. sac, 900, and lhsy are sso vey largely heir
sebsws fos endorsements nAke, raid he this
szps.arsn VIII ges.u,c oeos0.e ! consider !, proper
gcsNemsn finds fauf thai change nos made. I have
onsa seossn q ihe sv for change - Ne arcslou
pzspue rhsre s am happy 70 sssse. snt,re urssmisy
Ne direction 70 ave NE road ami 70 work se,pomi
eaHy for bst end arords she greatest pleasure.
~ Mr. IAthcrs IN conclusion IN being able 10
~ nr. wnkuson hss subscribed thc Duninceut OF
slsoooo Absou,sIy and sisooo ecadrosaly "a ooo,.
~ OGes hoped ,bs Subscriptions vore rc, be eoscBsd
~, IirH.ss moved stss . cormse, ee tppossed,
vnnss duty shoud 70 CAL ron the st .tbcicsst for
t6e purpose OF obtaining slnscyipsicps
n,s motion was seconded ~ hr. aovs, q direcaS~
nwvs, Who sa6 hsi be wss Wiling v b. oss ~ ,.-rsy
Aiyty who sncd agree honestly and b,a e W spend
w. o. nrss or four DAYS q Zach week 10 procuring b
vssss, and he offered lie services "a We Prsadert
M me urmmntee Of Finance
Il Ne mortgage bcsSs, had ,oId him n soc could ess
seok with an erpAaaison o Vie condition Of sse
r.A :ns would g rcsss :@oss be. .squsa,scss -
sssu,sevs; and Y, sad be she prcpc~sicas are cuy
.A1s 70 o.svs. !hs e'y, believe 'es nj roIs q dci
On Willingly cursAn .heir expenses 70 enstle them %
vuhsw be for Ne rcad
N. Lrrsss trusted that good mer vouh be pus xpon
Ne ee@ mrAse They d,d ncs mee ~to bad retired
-ss~u~msu cf sase-sAey wanted gocd nuspess psr fv
go mes vcsd jumr into the vovs vnh vfll
Rev. Mr. Mnvu said that 80 his tine vss rrcrtrxsed
Se vcsh engage man lhrse houu day who voud SEP
~ hk plnce.
hr LrrpU desired o be underwood tsss tne conroas
os Who he'd ocnds vould be the sare a.
ssA suAs vrsorshst rcr those coupons ARE eocd
vuAh year past foy The frss iBstameot h tsss an
nsunesd cscrpsioo q s2o, ,eo from Mr.. Dsuns.oup
npe OF Ne eHAnsroirusr bestowed euloxy ur,p
NJ roasr FORMER President cf tbs roai and said ihas
. hs had manifested deep intsvess In ~ sensre hs
w~sh take ne liberty OF pvesenucr his member
e Ne oomm,uee, ~ be knew he would serve poc a
vipfsgiy.
epe h This vAy-cpe half VII be iaksr IA The unsecured
sc.As q she eompany, a par, and the balance ~xhin
ysav With tnteeeM rom date, F course, 10 oaeb he
cosposs Of NE comrany, or any OF 10 floating deh
Ahev remayn from hr. Henry UReHy, In ne
sc~rss Of which he toos occsscr 10 rvalse he
nsy In vhich aid he business OF The Fre Raroad wst
@ndooasd. Ne President read he folrvra - We Eente
man IA had haan sourfutrd an N