The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-07

wss signed by several Of oar most ensnscs ne~ohsnss,
end ~ have 10 dcubs WI, bring s5oui he deVsed
suH There .. appears, smother csrcesar s,r .ad We
SDd circular sfoat, sa.ed September teo sues from
the cfiee of.he Michigan Southern Railroad COMPANY ana
s'gaod BY 6ve Out u he twelve dl-ecosl os hs Avo
names given only the :sss three xors .caa7 ssass s
last two having been used ~ hoo. authority Dsass this
Tho circular was NOT submitted 70 tbs board. and lot
pressnssd - oens oscsL Ina q, no~essr. a,.Ag os~
vita the parties concerned Toe com, NV have bcea
made 10 father good man. vtrs Gets ana sscrs.oas
OF nome OF the parties raned. The oss er,r.ors oay
part OF this AFFAIR "a the Tang age Of ,ba ~.ou:.. p-r
ahead o! anything S an Lind so have ses sncs tina IA,
stssr u soc Pre,ens OF 'hs Mon gsa soasnsra nroaa
Company. explaining the frequent ssae or no sto,
osTrcs Hlcs soyrs. AsD Nosra I7otAsA eAuaoAo
as~ eoss aea: 4, 49,
Nosrusas Isnisss PN,soAo CoSrAsT--
We address yoI under peculiar circumstances the
credit OF s"ar COMPANY and Tho n.egci5 Of in grea.
is orcarirAhna sic paper os his cnrpo-Anse ns been
forced protesa and dGsy oursvus ana to you as
msots hsi ~e EMO I'D rsfsr 70 ms as= wasa havs pro
You base learned IN tho prb pran,s os the ys,sae
which has teea FOR many 1,a5 agsns; coul
perry II has been siDgicd 90. sud pursued w,s ssss1
hers sid rs!ani Of urpcse Saou; psae, With
hs view Of depressing sces, 'icns or It's securities
have been eoid at the stock Ex:hSlao by psas OF
whom were pr baby never bona de owners OF a.rg
thssa for forty eight hours a, Iiae and This bold
game, public ioarass sno pr vss scandal have oeen maize
active ~ike-s The credit CT the corporation
AsSs ca in every con se,xAbiv Is beea
ms,sYTssenlai; is dacsA,ea have mag al5ea the
truth OF caias. aa,ener.s has been iaaio.ed tue
ctsyso,et al It's rsaeF-ss been Or ,auccc tne cou
cots or s books ard accounts cocred distorted Rave
heea sp,esa 5efoso sae work. 5e pvse discussions OF
us DIRECTORS hays been made known, aud nave become
lie aems Of pabNs comment; ard It's o~nfsn
preocsd with particularly o. me s8I .tsnce OF
asss a1e snoe. wnica havt given rae to shs charge
that essons connected With hago soea acting concert
with .t< enemies.
/; IS not FOR us to say whether this charge Is well
syouatsd
socErotery snd hopchodsys vhs,e property h-s been
sscrntec the general pur''c witch has immense
sDxe Ia the srccess RIA railroad Country
all rsesested IA corporations woo aceod or the security
sf hsr ln-er rt u0nn the go;d ,tn aat pur
pos * the directors and agents nom insy so.c.-uay
we'll inquire whether TITO calamity wh,cn cai brought
upon this o. mpany 10 any csgrto attributable parties
copneciee Win Il, vso have aidaa 10 oessroy III cyso -
daprtciste s eouties 10 alarm is aockholiss AMI 70
bt,ng mo nab!a dsgraee
Wo s uot assume decide whether TIE CHARGES xhca
haze been made IA taa gezpect are vi .Ust We FOO.
spd amen. TIE IL rioEse itch bas been pfosucsd
P'lces have eepreeissed--.hsfes hsse sun dowa 10
frttSoa Ct '5sr former value, iri or do esed stock
iosegs have taroSn their secuymsa upon She ma OF
ene!sa!.s,. have v;hdr tpsY oars-co.ede.rs liz,
been snsksn- ara the resuN bas been tina p,p has
epsued. wnioh within lev -esAo bss destroyed accord
rg 20 pTetsEi la sci rates. than nall The total
-air5 OF lie stock OF this compesy.
tnere wss nothing in the hlsnca position or tins
Ia5y which coria Justify such reAoits IL had ununded
etb but sti 10 al tasf Mt grc!ar thsa s true oner
nts OF equal imDo.azcs toe Wet Ghs zoe credit Of
me corporation was preserved not ocu' 10 carry
along as 40 many comta necessarily compelled
dc, reasonable amount Of doanng dsti raii proper
Arrangements ccoit be pcrseoisc for iunoug IT, IN shf
with cordial add united ua every dire tor
ard officer Zoe dfoul les q position
mel ard easily su-ipouu ed.
Blu. obliged to say that there was not ,h,s esrea
q sofdiaty and that ei.it Of UDeYAioD esis'ing
among all The directors ard officers company snich
tie tsen 7, to The SUCCESS Of srsAi sasese Ike .aa.
when we have &c csarRe.
Forosesrg the re,uIt to which event. 'ended and the
mposseili, es arryins On suces,.uy necessary Imam
cal negotiations ithda such ocperapu, the esdeut
OF he c1m any resigned ais crs an ,hSGw upon he die
cors the full responsibility Of the situation 10 doing
40 lie oaii.d upon them TO te toe
inersss CT the ensndcd, Or cen. enc the
noeshtders Tor The purpose OF eectUs directors Who
cou &C. together 10 harmony. Cou cous that nothing
!eIs thsn iha course would answer the exgs Dcss tho
ca'c, the directors have Med meeting o. t1s st0ak
hojers 81 Adrian in tho State 81 Moi sap 18th
LAY % September inst Tor the purpose elec,ng
Hrd-the presen! members having rcsighed, 70 ,axe
We have sdop,td aad we shall present u,.sou delay TO
ae consideration Ct ihe ito khclderr clan Tor relieving
the company from us present financial en- nents
IN thir plan or IN scne other az similar yurport Is
ds enable that the stc khos co1car in order {, pro
'ec he ored tf tue tospostuaa ave Ia property
from sscance Whether h.s plan meet or ri 70 meet
approval, ahA have disohIy ged our ,y ami We shall
be prepared GA The Sst o. sep,emoer rs TO surrersr
the rosd and ~ interests Into the charge those
anal have betn designated os thai purpoe by tas stock
folders.
within onr reach OF restoring 10 the stockholders hs
ifol OF their own property IL IL necessary that The d.
strong and hat they should CO operate In order to be
caas'nI With mr,uei in crest IN the rrcpe.tP 10 be
managed and an homes, faith In Ito valuc tacy could
hardly f to carry forward its opersion with credit and
sccecrs II IL for the stockholders At the approaching
escloI 10 these raru We urge upon them tne
importance OF selecting agers hose who havo On
nefes In the stock who thus hsv thor property
to protect viii be hkoly to manage 4 with a. city and
who can, therefore, be safely ucd proper gusrdsrs
or the property a the s'ockho icrs We have desire
except to see this great enterprise In friendly we'll
compeE hArds then viii be aure 10 De restored 10
the fsh position which occupied for years and from
VIII ch has been struck dosn within brief ported ard
without Justification or excuse by the Influences 10 which
10 have sluaed,
We earnestly request all the sooshoder. TO appear In
pcrson or ny rroyy, the meeting 20 be held Adrian,
10 Michigan, on tho 18th lay OF September Inst 10 egpew
lher Wishes N relation - the fusore msnssemen snd 20
ICY ~ Tho ccmfnny. For tho Of such u Aiteid
10 ptrson NO ncosc herewith pro proxy Tnc stock
no der requested to MI the bank yh the name or
person whom no dcers 10 sc for him. ard the
tame 70 tooa az possible to TIE OIL 81 Tors company, 10
New ORR, addressed 10 George " Ford, Treasurer
By order OF the Board,
EDWIN T. IiTCHFiEHn.
william n wTLts.
JOHN SfRYkEK. Committee
ELEK'tb sORRt-OS
HENRY KIfP,
This without exception Tho mos, extraordinary socu
meni we have read for ong time. n s the very quin
osserce Of impucence. Leaving or ihs as, two
which we're utod without authority scd have The iras
source from which this precious epse 10 the poor dtidod
secshcderi Of the Michigan Southern Railroad smspsod
The Injured Innocence exhibited Ia Tie appeal FOR
proxies, The pretended ignorance o. the Viii have
bTOusks this company N the very door OF dsouun tns
peculiar circumstances under which the address 10 made
ard the hope expressed that the stockholders vii At me
approaching election select managers those have
Interest the stock Who thus, having thes- PRO
perry TO protss,, vii be HksS 30 manAse with a6tgy,
and who thorsnrs be sssoy trusted a. proper guar.
dana Of the property OF the sccLholde, all comes with
bad IRON thoss who figured - prominently IN Ibs
last financial operations OF the company, and to whor
vsnt o. iudsrsn' experience, ,ome,hns else can ne
attributed mot II not all the difficulties and smb,rAss.
neS;s, Which threatened ii time con- plesey esan
sush every dollar OF the nocxhoders Interest These
railroad dnsrcieu say IN their circular, " We nave
adopted, aud We shan p-esen, w,ihou, delay 10 the
oousIdssston Of the stockholders, plan for relieving
the company from ne present apaneis embssrssmtau
II. iss pan sdoried By hs sigac Of nn,scs q reaeve
the company from I. embsrraomen, proved nearly raia
ard another RON The source would be sure 10 detroy