The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-10

and 70 amend his resolution particularly the present
was q minority meeting Of the stockholders
directors up by any such recommendations Only to-day
one Of the gentlemen named the committee OF stock
tons had desired 70 make bargain with he President
for that would the expenditure Of some
$500, 600 He alluded 70 Mr.. Bat,ee.
Mr. said he did not desire TO let the impression
go abroad that he had come up here TO srke bargain
The iron he had offered belonged 70 gentleman in New
York on whose behalf he had spoken and he (attee)
had no interest in The cost would be some 500 0O0
Mr.. WHITE offered the following rs q substitute Tor
the first resolution
Resolved That the stockholders here present md
stock and debt Of the New York Central
Of the stockholders of the said Company.
The substitute was adopted.
The second resolution in Mr.. Dehone's series
then taken up and debated at length II
stated that real construction account existed
but as the sum of 900 appeared in the report
Of the directors charged to construction account was
explained that this sum was the actual increase IN
the cost Of running the road Mr.. Dehon advocated the
closing of that account, and the adoption OF different
system OF keeping the account for OUTLAWS Tor locomo
tives, carriages, &C.
Mr. RosxBoox who stated that he represented $500 900
worth Of stock feared that the meeting only nurng
their property by these proceedings without having any
authority or any power 70 do any good.
Mr.. BUTTYRrnD spoke warmly in relation to the man
agement Of the road should be remembered that when
the directors who have for controlled the man
agement Of the road came into office the road was noo-
Tousy IN condition. the debt necessary 10
place II in the excellent condition in which It now is He
had every respect for the New York stockholders,
but when they alluded to the New York and Erie
Road he would suggest that if the Central Road had
been managed as the New York and Erie Railroad had
been managed by New Workers. it m ght ee in con-
diton similar to that OF the latter road
Some little confusion ensued upon this and after further
debate
Mr. MARTIN, of Albany opposed the resolution stating
what was not fact. There such
thing as a construction account in the company
and II was damage to the stock TO LEI
the supposon 60 abroad that there real construc
The second resolution then withdrawn.
The third and fourth resolutions adopted
The fifth resolution amended by striking out the
exception in favor Of directors, and then adopted
The sixth resolution was adopted, after submitting the
Of j. p Moore, New York, for Joseph Baelle and
visscher Ten Fyck, of Albany, for J. D. Wolfe.
The seventh resolution was amended by putting the
meeting Of stockholders twenty days prior to election
as TO conform with the preceding resolution.
The eighth and ninth resolutions were adopted.
The committees tenth resolution was tabled
motion then made to reconsider the tenth resou
ton relating TO proxies
Pending the discussion the CHAIRMAN announced thai
the New York delegation must now leave, to take the
The meeting then called Mr. John Butterheld to the
chair and made Mr. l. r. Iathrop OF Albany Secretary
blcd.
A resolution was passed expressing full confidence in
the management Of the road and in its ability to pay
bora .fde dividend Of eight per cent
The resolutions offered by John 7. Clark and D. Wager
then laid on the tabled.
The meeting then adjourned.
The ele ton of directors took place at the company's
Offices in the Exchange and the following ticket elect
ed
For observation-disclosures Corning, Albany Dean Rich
mond, Buffalo, John ii. Chedell, Auburn; Horace White
Syracuse; Livingston SPEAKER Paatine; Aonzo G. Paige
Schenectady; Cornelius L. Tracy, Troy Jacob Gould, Ro
chester Isaac Townsend, New York Nathaniel Thayer
Boston; John " L. Pruyn, Albany; John L. Schoocraft
Albany; John d. Wolff, New York.
For Inspectors Of Electon-Henry n. Martin Albany
George Dexter, Albany Rufus G. Beardslee, New York
At the election of directors about $l2 in stock
was represented.
All the directors were elected unanimously except
three These three opposed by other candidates
the ticket prepared by the New York stockholders
which ticket received votes representing about 81 500 600
The directors held session this evening, and Erasus
Corning elected President and Dean Richmond Vice
President, unanimously.
The following committees were chosen
Erecutire Co1nmiaee-Messrs. Corning Richmond, Ched
dell Schoolcraft and Page.
Committee ACCOMPLISHMENTS Townsend and Speaker