The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-16

Increase i've months (about "a per cent? sis so6 o.
The Railroad bin lately passed BY the Legislature
Missouri provides for granting additional State aid 70 ID
railroads Of the state foows-ro the Pscino rosi
81 COO South west Branch 81 ooo North Missouri
81 COO Iron Mou $500 600 Platte Country S7o0
600: Cairo and Fulton $780, ooo-total S. ooo tn
saso reserves says the 81. Louis Intioeno In all
nrst lien all The roads, their lands rolling stock
other properly the payment Of Tho sass bonds
proposed be issued these roads. The entire State
aid 30 be given 70 all the roads whsn shall oil be ab
sorbed and all the roads Quilt win not Do far from s25
600, co., But viii DO several jean before the roads
can be nniahed even under the most favorable oroun
stances and the state boads win consequently be SLOW
In Issuing In cnlarsing upon the advantage Of this
sure the Intsiis0swcr sAyss-
We DO NOT hesitate 70 express the belief that with ii,
vigorous execution Of our various railroad CONTRACTS ana
heir completion within ave years, shall SEQ n tna,
time Missouri doubled ia population, and moro than
doubie In the assessment OF wealth, from what exhi
btsd two years amor our railroad system vas com
mcnocd.
The principal points upon which an rjuncsiou vss
granted by The crcun Court Of The city Baltimore pro
hbng the Baltimore and Ohio Railroad Company from
psyne an extra dividend In cert ics,ss any other
mode, are follows
Thai the Baltimore and Ohio Railroad % npauy contract
Cd 70 build railroad the ohio river, and 70 devote IT,
done The profits, &o thus ussd became in rsaty par.
Of she capital Of shs road and company hsd
reht 10 declare dividend o( The pronu thus become
CO ,,,al had 70 diviie the Original capital Tns,
she stakeholder directors hed mesung the 10Th o.
October ~ the usua place Of meeting Of me Board OF
Directors but In another pan Of the city, and passed
resolution Inst the vote Of the majority should Do the
vote Of ALL and any OF them could not vote VII
the majority, that he should reign and snotnef persos
should DO put In hh place that one director did %
resign and hb psce wns allied. fnH 81 hs
meeting u whns the dividend Wa declared
several OF the Stocsholder directon Who were
opposed 70 the majority, under The pre-
surc Of aforesaid resolution voted with them The
director whose resanakon brought about - seAted
had remained In the Board, and the directors vno voted
contrary their vews had voted they thought
right resolution declaring the dividend could not
have been passed That In feet there prod TO be
dauibused that the statement Of pr,ns had been made
Up BY emitting 70 charge large amounts which had been
expended for repairs ~ emitting 70 charge sums paid
for com masiona disoounts bonds. 10 and BY credit
pe amounts which In reality due by portion OF
the road another, for worn done, 40 mat the
pspy had been obliged 70 apply 70 The city OF Baltimore
Tor heavy loan 10 enable 70 meet certain pressing
boating expenses and 70 make repairs that the loan OBJ
tanned he purpose OF cutting tunnels and carrying
o,her necessary operations nearly exhaustcd that the
company now indebted about sen millions Of dollars;
and that has been obliged, between the passage Of the
re- oluucn declaring the dividend tne Of 10 going
INTO operation 30 provide for she negotiation Of another
loan Tnas The resolution declaring divdeud avrg
been passed under the circumstances stated Illegal AMI
null