New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-05

Msr,sviis CITY SENDS 10 y es. sos,ce 7Sa
Another Adjourned meeting OF the Bond and Stock
holders Of the New-York and Ere Railroad was held
q Clinton Hall, Astsr pace, last evening. Charles A.
Davis, esq, presiding.
ASsr ca;eg the meeting TO order, aud stating that
e rst order OF bn.ness was to hear the report Of the
S,.csl Committee appointed TO wal. upon the Stock
A. Bord holders with view OF inducing them 20 sub
scribe toward relieving the Road from its present en-
hsrrsssments, Mr.. Theodore Dehon rose and offered
q series Of resolutions, 10 the effect that however
much OF the enbar asseuts Of the railroad interest OF
tbe country arc traoeabe TO the departure ITO tne
painest business principles on the part Oh many con-
porators more Of the embarrassment is iouno IN me
fset that passengers and freight nave oeen uans
cortsd over rsiiroa As at q price less than would
return O fair interest on the ,capltei lnVes'ou
after paying running expenses ana keeping Ioe tosl
ard property in condition a. gooo as new us' .ns
,edu iop In the rates Of transport for both freight and
il raceable 10 unsound compettin between
ssirosds runnicg parallel both near and distant from
each other; but t6at il IL stu more tracssbe TO the
fsct of the farming, manufacturing and commercial
Eteress Of the country through legislative and other
means demanding, in many instances the frsnsPots
tion Of freight and passengers below reasonable re-
enumeration for the service performed; tna, whl
view Of carving out the views set forth 10 Dis Tesou
tons and remarks il advisable TO ask ths BAIT
more and Ohio Pennsylvania, New-York Genital and
Hudson River Railroad Companies, oy their ofcers,
20 meet them in Convention to take into consideration
heresfter avoiding competition In their tariffs.
The revolutions were r. ceiv5d. Some remarks were
then msde by Mr. Baker in favor of the stockholders
being called upon meet the officers or stockholders
Of other roads inste sd Of delegation from he Board
Of Directors, TO act upon any proposed Increase or
reduction of the rates Of transporting freight or pas
sebsers. After brief explanation from Mr. D3hon,
ahs proposed amendment offered by Mr. Bsker was
withdrawn; when Mr.. Dehon offered another resolu.
Eon in favor Of the appointment Of Committee OF
Nine. whose duty 1t should be TO convene the Bona
and Stockholders of the road in the event OF any plan
being suggested to increase its stock or hoatin9 debt
and requesting the Committee to exercise the utmost
vigilance In guarding against over issues OF stock or
bSnds or any reduction Of transit rates below pay
ing point ,o..
Capt Marshall, Chairman Of the Special Commit
Zee sppo nted TO obtain subscriptions reported that
while their success had not been very great, had
been quite az much as they could expect. lie then
proposed that the stock and bond holders who had not
already been called upon, or subscribed, should step
up to the captains ofics and settle which intima-
ton was soon followed by the announcement by Mr..
Moran that the Perish Estate could be set down for
4I00, 900, which was received great applause.
The Hon. EIastus Brooks, stated that Capt Marshall
he'd subscribed 20 per cent his stock las previously
xotieed and the rest of the Committee had each sub
sebtd 10 per cent; and that since the last meeting
was held, about $4,000 had been subscribed. lie
therefore offered resolution in favor OF authorizing
The Committee to continue their services as long as
there was any prospect Of obt Ing ney for the OBJ
iect proposed, which was unanimously adopted After
some forther remarks Of minor importance, the meet
ing adjourned sire die. The amount subscribed Is
understood to be about 81 100000.