New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-15

Ne, earning. for The y,aI........, 90

Ne, earning, for the .
IL. earnings in each department OF rhe company
brsiue,s show considerable increase over those Oh
the rre..ding ear, the total increase amounting 70
as. lOl a. The expenses show an increase OF OUT
e. 3l5 Of. The expenses amount to about % per
cent of tie earnings being per cent less than the
year previous.
The net earnings have been mostly expended III
uayp..uts 70 Harlem road. for Norwalk damages, IN
teres construction and equipment, Materials noa'ing
debt s72a9l. loss on Canal Road, &c, leaving
sl35 is3 So cash on hand The absolute net earnings
are stated s5S 05l, equal to s. cent on the CAPT.
tai q cent of which would have been paid to the
stockholders in February but for iujunctions granted
bv Judges Peabody and DATES. The capital stock lie
A. eco eco. and the bonded debt $3,l59, 500. The
floating debt ia about $33 eco. The double track from
New-Rochelle to the junction with the Harlem Road
will be completed in October. The company will have
n double track throughout the entire line. Every
claim for damages at Norwalk has been satisfied
There il not word in the report showing the slight
st desire or intention TO 90 justice to the
unfortunate stockholders who were swinded by the
President ard Transfer Agent of this Company. The
managers quietly that the decision in the Me-
charics Bank case has settled the question oil their
liability for the Schuyler Overissue, although other SUITS
are In existence in the United States Courts ana they
easst the correctness Of their despotc separation OF
God and bad stock in the following paragraph:
Soon after The discovery of The frauds oil Robert
SCHUYLER a careful and impartial separation Oh Tue
alse from the genuine stock was made by sklul anu
di.uterested accountants since the deCisOh Oh me
Cont If Appeals that the corporation was not liable
for the oyerissue or fraudulent certificates OF Robert
SCHUYLER the work mas been critically ana closely eN
amined, ard the result IL altogether satisfactory
abli,bipg a. il does the entire correctness OF ihe
prrcire upon which the separation has been made
At the n.eetrg t0-daya gentleman, whose name was
not acertained remarked that at the last meeting ne
had offered resolution which was adopted IN laNo Vi
uutting stop 10 the carving OF dead-heads on the
road aud desired 10 know whether the splnt OF That
resolution had been carried out 10 which the fresl-
dent replied that the resolution had been carried out
in spirit also to the letter as far as possible
Another stockholder inquired whether was neces
sarI IN run a train on Sunday ntimatlng that ne
thought the Sunday train to be stopped Inc Pres
ident rep that as long as they had an arrangement
to carry the mail IT was necessary TO run Iialh eA
pressly for the transportation OF the man. when was
however run in the evening, and earned no pssseh-
gers except in extreme cases of emergency wien heIe
was little laxity allowed III the matter. lhese eA
pIarations appeared satisfactory and the suplect oil
,idend, wa, broached by Dr.. FOote OF New-hav
who thought il rather uhwlse policy to declare dlV
deuds 80 long the Company was IN deo'. IL was
like man selling his own note for - cents on the
dollar in order TO draw small sum under the name OF
n dividend For himself he would most cheeriuly let
his money lie without dividend until the debts oil the
company were lquidsted, and thought that was the
best cOurse pursue 10 put the affairs Oi the CON-
pauy in the bert possible position
The President III reply remarked that no obligations
had been presented for the last two years but what
had been paid on maturity. "
The President alluded to an injunction which had
been served upon the Company, restraining II from
making any dividends, whereupOn MIR. Irving Paris
inquired whether the injunction In question. grant
I'd in Ncw.YCrk, could interfere with the payment
Of a dividend at w.IIaven. The President con-
sdeI.d that they acting under charter
granted BY the State of New-YoIk a. well as Con-
ctcut and therefore an injunction granted IN the
State of New-Yok would be effectual in Connecticut.
Dr. Foote inquired what the Bonds of the Company
could be boueh for. To which the President replied,
81" WhereuPon Mr.. Paris remarked that he
deemed the idea OF purchasing the Bonds OF the Com
pany with the cash hand entitled to the consldera-
non If the Board II seemed 10 him that if tine Bonds
could be purchased for ~ T. cent less than their face
they would be a capital investment also immediately
stcp the interest them for the next three or four
years, and lie thought the stockholders would willingly
i've through X without dividends.
Alter some further discussion of similar import tue
meeting went into the election Ot Directors. The
uu Der Of shares represented were S7lI all at which
we've cast for the follOwing-named gentlemen all
members Of the old Board, with the exception of Mr..
Bradley, who was substituted Tor W M H. Aston, VINO
never net or co0operated with the Board: Jusus k.
Bulkley New-Iork Dennis Kimberly, Nathaniel \.
Bacon, New Haven George b. Carhart, Abraham X.
Van Nest New-YoTk; John w. Leeds, Stanford,
George \. Miller, New-YOrk; William L. Lyon,
Greenwich; John Bradley, Newliave
On motion, Henry White, esq, was appointed to
aadt the accounts Of this Company for the ensuing
year, with the request TO make out semi-annual ex-
animation thereof.
On motion it was also resolved that the next annual
meet ting of the Board be held at New Haven on the
secord Thur,dny Of May 1853. After which the meet
ing adjourned.